News

Pfizer announced a final analysis of clinical-trial data showed its Covid-19 vaccine was 95% effective. To date, the vaccine protected people of all ages and ethnicities, with no significant safety problems in a trial that includes almost 44,000 participa

Global markets were higher overnight (S&P 500 Index +0.4%) as Wall Street fluctuated between relatively small gains & losses as investors weighted up rising coronavirus cases and new restrictions against positive news that Oxford University’s COVID-19 vac

COVID-19 cases continue to surge on a second wave, particularly in Europe with restrictions being re-implemented. However, markets remain resilient, partly supported by vaccine hopes.

Wall Street gained on Friday (S&P 500 Index +1.4%) as US stocks posted further gains to reach new all-time highs as investors started to reposition for a stronger economy in 2021.

Positive news on the Moderna Covid-19 vaccine sent shares tied to an economic reopening higher while stay-at-home tech companies lagged behind.

Global markets were mixed overnight (S&P 500 index -0.5%) as stocks pulled back from record highs as investor focus turned to the surge in virus cases and new lockdown measures. We think some profit taking after such a strong rally is normal.

Shares in Telstra jumped yesterday after the company announced a major restructure that would split its business into three separate legal entities.

Global markets were mixed overnight (S&P 500 Index -0.1%) as the “rotation” by investors into value stocks continued and small-cap US stocks outperformed.

Closer to home, the New Zealand dollar leapt to a 20-month high (the NZD touched 69 cents versus the USD) as the market reversed its bet the Reserve Bank will cut the official cash rate into negative territory.