News

Global markets sold off sharply overnight as investors dumped shares of technology companies as well as businesses in cyclical sectors on fears that the escalating trade war between US and China would stymie global economic growth.

Global markets were mostly lower overnight, with the key news-flow being the release of minutes from the latest US Federal Reserve meeting.

Global markets​ were higher overnight as technology stocks fuel​l​ed a rebound on Wall Street after the United States temporarily eased curbs on China’s Huawei Technologies, raising expectations that ​​the two countries would work toward a trade deal.

Australian shares soared to an 11-year high on Monday, as investors welcomed the surprise re-election of the Coalition, adding an extra $32.8 billion to the ​ASX market index value.

Closer to home, there was a hugely unexpected result in Australia’s federal election over the weekend with the Liberal-National coalition winning and returning to power.

In this weeks podcast, Jeremy ​interviews Asantha Wijeyeratne, the CEO of PaySauce (PYS), one of the NZX’s newest public companies.

There was optimism overnight that the US was close to resolving its steel and aluminium tariff dispute with Canada and Mexico.

Global markets​ were higher overnight as Technology stocks led the market with US stocks reclaiming some ground lost to Monday’s steep sell-off. 

Global markets​ fell sharply overnight reflecting the escalation in tit-for-tat tariff hikes by the US and China.