News

Global markets ​tumbled overnight with US markets down circa -3%, the worst trading session so far in 2019. Market volatility has jumped in August with every trading day seeing at least a 1% movement in US markets. 

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Global markets bounced overnight after the Trump administration announced a delay on select Chinese import tariffs, bringing buyers back to the equities market in a broad-based rally.

In Hong Kong, increasingly violent demonstrations have plunged the Chinese-ruled territory into its most serious crisis in decades.

For the week ahead, the focus locally will be on corporate profit announcements across Australia & NZ.

​The latest stock market movers podcast discusses valuing and how to think about Intangible Assets.

The Reserve Bank of NZ cut the official cash rate by a surprise -0.5%​,​ to a record low of 1.0%​. ​

US stocks rose about 1% as China stepped in to stabilize the Yuan, soothing concerns that currencies would be the latest weapon in the long-drawn trade war, a day after Wall Street suffered the sharpest one-day percentage drop of the year.

Global markets sold off sharply overnight as shares on Wall Street were down -3%, triggered by China’s willingness to let the yuan slide in response to the latest US threats on trade. 

Global markets ​were lower on Friday as Wall Street extended its sell-off amid renewed trade fears, capping a week where the benchmark US S&P 500 index and the Nasdaq saw their worst weekly percentage plunges since the market sell-off in December last yea