Technology Stocks Retrace | Z Energy Update
Technology stocks led market declines after an unexpected rise in jobless claims , with tech partially reversing recent gains even as Microsoft and Tesla released solid quarterly earnings figures.
Jobs Numbers Surprise | Kathmandu Jumps
Global markets were higher overnight with the Nasdaq technology index hitting an all-time high as the run of positive economic data continues, offsetting concerns of a second wave of covid-19.
Australasian Outperformance | Ryman
While global markets snapped back sharply last week on profit-taking, NZ and Australasian markets did not sell-off as hard. We continue to believe Australasia provides a relative safe-haven, primarily given how well both countries have controlled covid-19
Stocks Snap Win-Streak | CSL
Markets were lower Thursday as concern the recent rally had gone too far overshadowed new stimulus measures and encouraging economic data. CSL shares have held up extremely well early in the covid-19 sell-off, but have underperformed over the last month.
Blockbuster NZ Budget | Xero
The big news yesterday was the New Zealand government revealing a budget with a $50 billion covid-19 recovery fund to soften, but not prevent, the coming recession. Construction ($5bn on housing) and infrastructure (another $3bn for projects) are the se
Week Ahead | Aussie Banks Under Pressure
In an extremely unusual move, National Australia Bank has reported its results to the ASX almost a fortnight early as it seeks an extra $3.5 billion of investment from shareholders. The bank reported a -51% slump in half-year profit to $1.3bn yesterday
Top 10 Stock Picks in a Covid-19 Recovery
We think it is time to start “averaging into” stocks, as it appears the market is starting to now differentiate between the stocks and sectors which will face major problems for an extended period and those which are relatively immune.
Markets Capitulate | Auckland Airport Highlights Travel Woes
Global markets went into free-fall overnight with the US market down -9.5%, the worst one day performance since Wall Street’s “Black Monday” crash of 1987.
2020 Market Outlook
Markets ended 2019 in a festive mood, and the positive trend has continued to start 2020, with equity markets powering to fresh all-time highs.
Partial Deal | Pushpay Acquisition, Z Energy Sinks
Global markets were slightly higher on Friday as the US and China appear to have agreed on a trade truce.