News

We focus on local earnings season today as global market moves were muted overnight, ahead of fresh clues around the path of interest rates from central bankers at the Jackson Hole meeting.

Global markets were higher overnight, as US markets (S&P 500 +0.8%) closed just shy of fresh record highs.

Global markets were mixed on Friday, as US markets (S&P 500 +0.8%) rebounded previous session losses in a what was a fairly volatile weak amid concerns that the US Federal Reserve is looking to pull back its stimulus measures.

Global markets were mixed overnight, as US markets (S&P 500 +0.1%) stemmed losses following a two-day sell off.

While NZX stocks were hit on the news yesterday, most have partially rebounded this morning – selling was broad based but the retailers such as Kathmandu (unfortunate timing with its winter sale) and property stocks (such as Kiwi Property) were hit hardes

Mining Giant BHP shares slumped yesterday, falling -7% making it the worst performer of the day despite revealing a solid underlying result.

Global markets were mixed overnight, as US markets (S&P 500 +0.3%) edged higher ahead of profit results due from the major global retailers – shrugging off news of weaker than expected economic data from China.

Global markets finished the week on a positive note Friday, as US markets (S&P 500 +0.2%) closed at record highs following mixed economic data – with investors becoming less concerned around inflation fears.

The consumer price index rose +0.5% for the month of July (as expected) and +5.4% for the year to July, which provided reassurance to the market that interest rates could remain relatively stable.