News

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18 May 2018 -

Russell 2000 at High | A2 Milk Plunges

Global markets were higher overnight as retail and technology stocks led Wall Street back to positive territory and the small-cap Russell 2000 hit a new intra-day high.

18 May 2018 -

Oil Lifts Markets |Pushpay Drops on Result

Global markets were mixed overnight with a choppy trading session on Wall Street. Investors grappled with escalating trade tensions and rising oil prices.

16 May 2018 -

Markets Snap Win Streak | Telstra – Dividend Trap?

Global markets sold off overnight as the US market snapped an 8-day winning streak after bond yields rose on the back of strong retail sales data which stoked inflation concerns. US Treasury bond yields have reached a 7-year high, driving US dollar streng

15 May 2018 -

Trade Tensions Ease | Takeover Talk – PGW & Healthscope

Investor sentiment was positive on the back of hopes for improving trade relations between the US and China. President Trump made conciliatory remarks towards China, and Trump’s reversal came as high-level trade talks between the world’s two largest econo

14 May 2018 -

NZX Back at Record High | Scales Corp Asset Sale

Closer to home investor sentiment is also buoyant, which saw the NZ market (measured by the NZX 50 market index) touch a new record high on Friday. The Australian market has also staged a comeback following volatility earlier this year, with the ASX 200 m

11 May 2018 -

RBNZ to Cut Rates? | Xero’s Annual Result

Global markets rallied once again overnight as tepid US inflation data eased worries of faster interest rate hikes coming this year (as we have discussed in the past, higher interest rates in the US are a key risk for stock markets this year).

10 May 2018 -

Oil Lifts Stocks | Summerset – Initiation of Coverage

The price of oil hit its highest level in 3-1/2 years as investors worried that Trump’s decision to withdraw the United States from the international agreement aimed at preventing Iran from obtaining a nuclear bomb would increase risks of conflict in the

9 May 2018 -

Geopolitics Drive Oil, Dollar | Healthscope – Another Buyer Appears

Global markets ended the session little changed overnight as energy stocks on Wall Street cut earlier losses after US President Donald Trump said the United States would quit the international Iran nuclear deal, confirming what many investors had expected

8 May 2018 -

Markets Start Week Higher |Westpac – Sound Result

Global markets started the week higher overnight, as Apple lifted its market value to a whopping $US920 billion (as it closes in on being the first company to reach a 1 trillion market cap). Energy stocks received a boost as US crude oil hit $US70 per bar