Oil Lifts Stocks | Summerset - Initiation of Coverage

Oil Lifts Stocks | Summerset - Initiation of Coverage

Global markets rallied strongly overnight with gains across the board, led by energy stocks.   The price of oil hit its highest level in 3-1/2 years as investors worried that Trump's decision to withdraw the United States from the international agreement

Markets Stabilise, Gains for April | Elders Powers Higher

Markets Stabilise, Gains for April | Elders Powers Higher

Despite the fall overnight, the US market managed to eke out a gain for April (+0.3%) as markets stabilised after a very volatile February and March. Closer to home the Australian market surged +3.8% in April, while the NZ market was +1.5% higher for the

US Dollar Gets a Boost | Kogan Disappoints

US Dollar Gets a Boost | Kogan Disappoints

Wall Street's three major indexes struggled for direction as Treasury yields inched up to levels (with the 10-year yield closing in on 3%) that have spooked investors in recent months. The move higher in US interest rates also saw the US dollar strengthen

Week Ahead | Fletcher Building Takeover Talk

Week Ahead | Fletcher Building Takeover Talk

Global markets were lower on Friday after the first wave of US earnings failed to meet investors' high expectations. Investors appeared to opt for the side-lines going into the weekend, ahead of Saturday morning's coordinated missile strike against Syrian

Volatility Records, Week Ahead | Caltex

Volatility Records, Week Ahead | Caltex

Volatility has surged since February, with many market commentators highlighting the markets are as volatile as they have ever seen in their investing career. We decided to take a further look at the stats. The current intraday swings are a world apart fr

China vs US: Trade Sell-off | Scales Corporation

China vs US: Trade Sell-off | Scales Corporation

Global markets were hit hard once again overnight. The US market re-opened lower with losses being led by the Technology sector which has wiped out its early 2018 gains and is now flat for the year.   The Chinese government hit back Monday at President D

Fed Hikes | Fonterra & Synlait – Dairy Divergence

Fed Hikes | Fonterra & Synlait – Dairy Divergence

Global markets ended a choppy session lower overnight as investors digested the latest policy announcement from the US Federal Reserve. Shares pared gains as Jerome Powell spoke at his first news conference as chairman of the Fed. Stocks had initially ex

NZ GDP | PGG Wrightson Takeover?

NZ GDP | PGG Wrightson Takeover?

Quarterly NZ GDP data showed the NZ economy expanded 0.6% in the fourth quarter, falling short of expectations as hot weather hampered dairy production. The economy grew at a 2.9% annual pace, less than the 3.1% expected by analysts. The tepid result stem

Trade War Tension | EBOS Group Looking Healthy

Trade War Tension | EBOS Group Looking Healthy

Global markets were volatile on Friday as US stock recouped some losses, but were on track to end the week in the red as investors fretted over a possible global trade war following President Donald Trump’s promise to impose import tariffs on steel and al

Week Ahead: Eyes on Powell | Next DC Surges +10%

Week Ahead: Eyes on Powell | Next DC Surges +10%

The local earnings season continues this week with a number of Australian & NZ companies reporting profit figures. Last week was the biggest week for half-year profit reports in Australia and showed that earnings estimates for 2017-18 and 2018-19 are larg