New Zealand's share market has opened sharply lower, falling 1% after Wall Street closed down 3% on recession fears. Share markets also fell in Europe after a closely watched bond indicator pointed to the growing risk of a US recession that was heightened by data showing Germany's economy in contraction and China's worsening. Yields on two-year US Treasury notes rose above the 10-year yield for the first time since 2007, known as an inverted yield curve, which is widely seen as a classic recession signal. US stocks fell about 3% and major indices in Europe were down 2%, while crude prices slumped almost 4%. The tone for markets was set by data showing Germany's economy contracted marginally in the three months to June, with Chinese industrial production rising at its weakest pace since 2002 adding to investor fears of a global economic slowdown. "The combination of those three things (yield inversion, Germany's GDP and Chinese industrial production) has refreshed fears of a global … [Read more...] about Share market tumbles as recession fears grow
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LONDON (Reuters) - Yen and bond bulls charged on Monday while stocks struggled again, amid ongoing worries that a prolonged U.S.-China trade war and damaging Brexit could tip top economies into recession. FILE PHOTO: A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration Early gains for Europe’s main bourses had quickly disappeared and Wall Street futures were already in the red after Asia-Pacific had also finished lower overnight. That was despite a more than 1% rally for Chinese stocks after the yuan had avoided further drama and financial regulators there had relaxed margin financing rules late on Friday. Safety remained the name of the game. FX harbour, the Japanese yen, hit its highest in nearly a year and a half at 105.32 yen against the dollar and gained against the euro and Brexit-bruised British pound too. “Risk indicators and global markets have become more shaky and the yen is reflecting those … [Read more...] about Yen and bond bulls charge on as share markets falter
We are offering readers the chance to win a £20,000 cash prize in our new Fantasy Share Picking Game, to celebrate This is Money's 20th birthday. The game is free to play and all you need to do is pick the best performing shares over 12 weeks to compete for the grand prize – while you can also set up private leagues to challenge friends, family and colleagues. In addition to the jackpot, we will give away 12 weekly £500 prizes for the top-performing share pick each week. You can sign up now and the game starts on 1 July, 2019. > Play This is Money's Fantasy Share Picking Game Play our Fantasy Share Picking Game for your chance to win the £20,000 jackpot and £500 weekly prizes The Fantasy Share Picking Game is easy and fun to play and offers the chance to compete for both the jackpot and weekly prizes, play for glory against those you know, and learn more about investing in the stock market. How to play the Fantasy Share … [Read more...] about Play This is Money’s Fantasy Share Picking Game to win £20,000
PUBLISHED: 12:39 29 May 2019 | UPDATED: 12:39 29 May 2019 sarah hussain Young people enjoy last year's Downham Market Games Picture: Bennys Photography Bennys Photography Numbers taking part in a town's annual games have soared thanks to a steps challenge. Some of the medal winners from last year's event Picture: Bennys PhotographyMore than 900 youngsters from in and around Downham Market are using pedometers to measure how many steps they take.The aim is to clock up 14.5m before next week's Downham Market Games - the equivalent of walking from Downham to Tokyo, hosts of the 2020 Olympics. Wimbotsham and Stow Academy, Downham Preparatory School, Nelson Academy, Hillcrest Primary and Downham Market Academy are all getting involved. The four primary schools are holding events this month aiming to increase their steps with sponsored runs and walks.The Downham Games has organised a community step challenge. Picture: Downham GamesOrganiser Frances Rayner … [Read more...] about Steps challenge swells entries for Downham Market Games
The Reserve Bank has cut the official cash rate to its lowest ever level, 1.5 percent. The decision comes off the back of a weakening job market and tepid inflation. Milford Asset Management Senior Analyst Frances Sweetman spoke to The AM Show. Watch the video. … [Read more...] about What does a rate cut mean for the NZ share market?