The NZX 50 market index is close to major milestone, with the index trading just below the 10,000 level. Local investor sentiment was buoyed by the NZ government's decision to ditch a proposed capital gains tax as well as weak inflation data
Crude Oil prices are up around +40% year to date, primarily on the back of supply risks.
In contrast to Friday's strong profit announcement by JP Morgan, Goldman Sachs and Citigroup both reported revenue below market consensus estimates overnight.
Global markets were higher on Friday as US stocks closed near record highs after the largest US bank, JPMorgan Chase, soothed worries that the first-quarter earnings season would dampen Wall Street’s recent rally.
Global markets were mixed overnight as investors await US earnings season to kick into gear.
Global markets generally continued to trend higher overnight as US Fed minutes showed the next move in rates could be up or down.
Two of our tourism stock exposures were in the news yesterday – Crown Resorts and Tourism holdings, which we discuss below.
Global markets were mixed overnight as investors on Wall Street await US corporate earnings season which kicks off this week.
Global markets were higher on Friday as US shares were boosted by better-than-expected job growth in March (with the unemployment rate holding near a 49-year low), which eased concerns of an economic slowdown
Global markets were mixed overnight, as the US market hovered near highs. Losses in technology stocks countered by gains in Boeing and Facebook, as investors waited for more clarity on the US-China trade talks.
