Please not that our regular daily market insights will resume in mid-Jan 2018. We wish everyone a Merry Christmas and a prosperous New Year.
Global markets were mixed overnight as shares on Wall Street took a breather as investors await Republican controlled Congress votes to pass their tax-cut bill. The promise of an impending US tax reform plan has sparked global risk-on sentiment which has kicked off the Santa rally not only in the US but on the local AU/NZ markets as well.
Stock in Focus: Z Energy (ZEL:NZ / ZEL:AX)
Shares in Z Energy have rebounded over the last month after their first half profit result was well received by the market. In other news, the governments probe into fuel prices continues with the MBIE recommending the Commerce Commission be given increased market studies powers next year to further investigate pricing in the petrol market. It is very early to tell what (if any) implications will arise from the studies.
Looking at the resul...
Stock Markets, Simplified.