News

A2 Milk plunged another -15% yesterday after lowering its full-year earnings guidance for the third time.

It was a mixed February for share markets, with the New Zealand, Australia, and US markets returning -6.9%, +1.5%, and +2.8% respectively for the month.

It’s been a busy time with local earnings season. While we touch on company announcements below, as always, we will release full updates in our weekly report.

Global markets were mixed overnight with US markets (S&P 500 -0.03%) little changed as investors rotated out of technology shares and concerns about inflation added some pressure on stocks.

The market is pricing in optimism over an economic recovery with energy and financials performing well, which was offset by a sell-off in real estate and healthcare sectors.

The S&P Global Clean Energy (GCE) Index is undertaking a review, the result of which we expect will likely be a material down-weight for Contact (CEN) and Meridian (MEL), which have both benefited from a surge in ETF buying. We would expect to see some fo

We have had a reminder that COVID news is still relevant locally on both sides of the Tasman, with both Victoria and Auckland entering fresh lockdowns.

UK PM Johnson said that the will detail his roadmap for ending the current lockdown next Monday, with a priority to try and reopen schools from 8 March.

Global markets were mixed overnight (S&P 500 index -0.1%) as investors took profits after a 6-day winning streak.