Recent Posts

While you were sleeping Wall Street pauses

Wall Street is little changed to start the week, with the Standard & Poor’s 500 Index on track to close its best year since 1997. The S&P 500 has gained 32 percent in 2013, bolstered by US Federal Reserve stimulus measures that have stoked the world’s largest economy to a level where some of that monetary help can be removed. …

Read More »

MARKET CLOSE NZ shares mixed in holiday trading; Diligent up, Michael Hill down

New Zealand shares were mixed in subdued holiday trading, with Diligent Board Member Services leading gainers and Michael Hill International recording the biggest decline. Traders said the local market may enjoy a third year of gains in 2014. The NZX 50 Index rose 1.620 points, or 0.03 percent, to 4768.98. Within the index, 25 stocks rose, 15 fell and ten …

Read More »

NZ dollar drifts lower as investors eye outlook for Fed tapering in 2014

The New Zealand dollar is drifting lower in quiet holiday trading as investors bet the greenback is set to advance next year as the Federal Reserve pulls back on its monetary stimulus. The kiwi slipped to 81.32 US cents at 5pm in Wellington from 81.55 cents at 8am. The trade-weighted index weakened to 77 from 77.18 this morning. Investors will …

Read More »