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Fonterra Co-operative Group Limited today gave an update on its strategy review and shared timeframes for turning around the Co-op’s performance.
A ramping of trade rhetoric appeared to have little impact on investor sentiment in overnight trading. Despite an escalation beyond tariffs, and strong words from China, shares rallied, and bond prices and the Japanese yen fell.
A strong Chinese response to last week’s US moves weighed on tech stocks in overnight trading. Bonds yield edged higher and the US dollar held recent gains as investors headed for safety.
By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking
The New Zealand Tourism Strategy has been released just in the nick of time according to tourism exporters.
Growth exposed markets bounced in overnight trading after a torrid start to the trading week. European and US shares rose and oil and industrial metals regained some lost ground. Commentators cited a shift in "tone" from president Trump, but bears detected an air of unreality.
Research commissioned by Auckland Airport has proposed a new framework for New Zealand to measure both the growth and sustainability of the tourism industry.
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
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