News

The US market (measured by the S&P 500 index) experienced its biggest May slump since 2010.

New Zealand’s Treasury acknowledged the trade tensions between the US and China in its budget forecasts as a threat to the domestic economy if the dispute slows growth in this country’s major trading partners.

Global markets continued to sell off overnight as Wall Street’s main indexes hit a near three-month low.

Global markets were lower overnight with stocks on Wall Street struggling for direction.

Sydney and Melbourne property markets are showing early signs of ending their steep slides, with a strong bounce in auction clearance rates on the first Saturday after the federal election.

For the week ahead, the local focus will be on the NZ government Budget 2019. 

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.