For the week ahead, the main event to watch for Australasian investors will be the Reserve Bank of New Zealand (RBNZ) interest rate decision on Thursday morning. Recent slower than expected quarterly economic growth (GDP) of 0.5% for the quarter was below
The price of oil appears to have halted its strong run made since late last year with prices pulling back over the last month. Several prominent analysts remain bullish on oil, believing it could still rise to $100 a barrel. Reasons to be bullish oil incl
Stocks appear to be trading in a range as investors digest macroeconomic news from Italian elections to trade tariffs, while the fundamentals around the economy and company profits remain solid. On the trade front, overnight Mexico imposed tariffs on Amer
Global markets were lower overnight, setting the stage for a weak start to the month today for local markets. Both the Australian and New Zealand markets made gains in May, with the ASX and NZX market indices up +0.5% and +2.5% respectively for the month.
The price of gold has been on a downward trajectory over the last month and is now back below US$1300 an ounce. The strength in the US dollar has continued to be a main driver of gold prices, putting pressure on the commodity in recent weeks as the gold p
Global markets were little changed on Friday although it was a strong week for most major markets including seven consecutive weeks of gains for the European market. Closer to home investor sentiment is also buoyant, which saw the NZ market (measured by
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
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
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
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
