Jarden Brief: Cult streetwear firm to make Kiwi debut at Sylvia Park
13 May, 2021 08:30 PM
7 minutes to read
Culture Kings is set for its New Zealand debut. Photo / Culture Kings
NZ Herald
Coming up today:
New Zealand:
New Zealand equities were in the red yesterday with the S&P/NZX 50 closing to 12,428.1 points, down 1.1 per cent.
Sector gains were slim, with Consumer Cyclicals and Healthcare each leading the way, up 0.4 and 0.1 per cent respectively.
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These sector gains were well supported by the single stock winner NZX Ltd, as the company representing New Zealand s largest exchange traded up 1.5 per cent. Furthermore, building and supply company Fletcher Building Ltd also advanced a handsome 1.1 per cent.
Jarden Brief: Volvo eyes IPO
12 May, 2021 08:33 PM
7 minutes to read
The car company is tipped for a valuation in excess of US$20 billion. Photo / Getty Images
The car company is tipped for a valuation in excess of US$20 billion. Photo / Getty Images
NZ Herald
Coming Up Today: The US will release Producer Price Index numbers and Initial Jobless Claims numbers. New Zealand incubated Fintech company, Xero, will release its full year earnings. Closer to home, Goodman Property and Tilt Renewables will also release their full year earnings.
New Zealand:
New Zealand equities traded lower at yesterday s close with the S&P/NZX 50 finishing the day down 0.6 per cent to 12,564.21 points.
By Syndicated Content
May 10, 2021 | 3:39 PM
(Reuters) â Occidental Petroleum Corp posted a smaller first-quarter adjusted loss from the previous three months on Monday, boosted by higher crude prices as COVID-19 vaccine rollouts and easing travel restrictions lifted fuel demand.
The company, like many of its peers, has benefited from a rebound in oil prices, up about 23% in the first quarter, as global fuel demand recovered after being decimated in 2020 by lockdowns to curb the spread of COVID-19.
The average price for Occidentalâs worldwide crude oil rose to $55.65 per barrel in the first three months of the year, from $40.76 per barrel in the prior quarter.
BusinessWall Street drops on inflation jitters, led by tech stocks
Medha SinghSruthi Shankar
3 minute read
People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo
Wall Streetâs main indexes fell on Tuesday, led by tech-related stocks, as investors feared that rising inflation could push the Federal Reserve to tighten monetary policy faster than expected.
The outperformers of 2020, Apple (AAPL.O), Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O), Google-parent Alphabet Inc (GOOGL.O) and Tesla Inc (TSLA.O) fell between 0.8% and 2.4%, weighed the most on the S&P 500.
Jarden Brief: Threat of inflation pushes US market into red
11 May, 2021 08:06 PM
7 minutes to read
Investors are becoming increasingly worried about inflation. Photo / Getty Images
NZ Herald
Coming Up Today: The US will release CPI numbers which may provide a further data point to feed the growing concern around inflation. CSR (ASX) and Pushpay (NZX) are both scheduled to publish full year results.
New Zealand:
New Zealand equities were in the red yesterday with the S&P/NZX 50 trading down 0.2 per cent to 12,639.2 points at the close.
Sector gains included Industrials and Utilities, each leading the way with 0.5 and 0.3 per cent increases respectively.