Recent Posts

While you were sleeping: Eyes on Fed, retailers rally

Wall Street slipped, pushing the Dow and the S&P 500 down from their record-high closes the previous day, as investors awaited guidance on the timing of an interest rate increase by the US Federal Reserve. The Fed is set to release minutes from its October meeting at 2 pm in Washington “Investors will screen the minutes for any fresh hints …

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MARKET CLOSE: NZ shares gain on hunt for yield; Meridian, MRP rise

New Zealand shares rose, paced by Meridian Energy and MightyRiverPower, as investors chased stocks with relatively attractive yields. Fonterra Shareholders’ Fund gained after dairy prices fell. The NZX 50 Index rose 17.028 points, or 0.3 percent, to a record close of 5522.056. Within the index, 23 stocks rose, 16 fell and 11 were unchanged. Turnover was $121 million. The benchmark index has gained …

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NZ dollar falls on weak dairy prices, greenback strength

The New Zealand dollar fell more than a US cent against the US dollar as traders absorbed the knock-on effect of weaker dairy prices on the domestic economy and the greenback strengthened in the wake of Japanese prime minister Shinzo Abe’s confirmation of a snap election and a delay in a sales tax hike. The New Zealand dollar fell to 78.70 US cents at …

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