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?
Asx share market game
The development of ride-sharing platforms didn’t lead to a decrease of the taxi services market, but to a slight growth, according to a study conducted by PwC Romania. Furthermore, authorities adopting a licensing model for the digital platforms would lead to a sustainable development of the entire transport sector. According to a study by PwC Romania for the “Coalition for Digital Economy” Association, the local market of urban mobility platforms (like Uber or Clever) is estimated at RON 1.587 million, of which the e-hailing segment (including taxi services generated by urban mobility applications) is worth RON 706 million, while ride-sharing accounts for RON 881 million. The local ride-sharing market accounts for 21 percent of the total private urban transport market, and the total market for urban mobility platforms (including the equivalent of taxi services generated by urban mobility applications) accounts for 44 percent of the total, facilitating … [Read more...] about Study: Local urban mobility market, including taxi services, valued at RON 1.6 billion
Asian share markets consolidated weekly gains on Friday as Sino-US talks dragged on with no concrete conclusions, while caution ahead of US payrolls and a holiday in China and Hong Kong dampened volatility.MSCI's broadest index of Asia-Pacific shares outside Japan was little changed and near its highest since the end of August. It was still up 1.9 per cent for the week and 13 per cent for the year so far.Japan's Nikkei added 0.1 per cent, to be 2.6 per cent firmer for the week. E-Mini futures for the S&P 500 edged up 0.04 per cent."Share markets have run hard and fast from their December lows and are vulnerable to a short-term pullback," said Shane Oliver, head of investment strategy at AMP Capital."But valuations are okay, global growth is expected to improve into the second half of the year, monetary and fiscal policy has become more supportive of markets and the trade war threat is receding."Xinhua reported Chinese President Xi Jinping had said progress was being made and called … [Read more...] about Asia shares sit on gains, wait US job test
Trump said that he and Chinese President Xi Jinping would meet to seal a deal if progress continued. China's Shanghai Composite index surged 5.6pc to end the day at 2,961.28 points, its highest close since June 15, 2018 and the strongest daily percentage gain since July 9, 2015. The blue-chip CSI300 index also posted its biggest one-day rise since July 9, 2015, ending 5.9pc higher at 3,729.48 points, the highest closing level since June 15. After falling more than 11pc in the fourth quarter of 2018 due to concerns about slowing domestic growth and the trade war, the Shanghai Composite index has staged a rebound in 2019. As of Monday's close, it is up 18.7pc so far this year. The CSI300 has gained 23.9pc in the year to-date. News last week that China and the United States were achieving progress in high-level trade talks pushed the CSI300 to its best week in more than three years as investors bet that the two countries would reach a deal before the original March 1 deadline. Zhang Qi, … [Read more...] about China shares jump by most in more than three years as Trump delays tariffs
LONDON (Reuters) - Mounting global growth worries thrust share markets into reverse on Thursday, while the dollar scored its longest winning run since a hot streak in early October that helped trigger a wave of worldwide ‘bear’ markets. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 6, 2019. REUTERS/Staff Wall Street looked set to suffer back-to-back losses later after Europe had set the tone. Some poor earnings and weak data out of Germany ensured most of the main bourses were lower and kept MSCI’s main index of world stocks in the red for a second day too. The extent of the current slowdown in the global economy was highlighted as India unexpectedly cut its interest rates and the euro got hit to $1.1346 by Germany’s fourth consecutive drop in industrial output. That only compounded the 1.3 percent the euro has lost over the last week and the tailwind behind the dollar, which … [Read more...] about Shares go weak as data disappoints, dollar extends power surge