Market Updates

US stock close mixed on Powell's hawkish remark

 US stock close mixed on Powell's hawkish remark

Dow Jones closed higher, while S&P 500 and Nasdaq drifted on Friday, October 22, after Fed Chair, Jerome Powell's tapering remarks weighed on investors' sentiment. However, the optimism over the robust earnings has pushed the indices towards thei...

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Bitcoin Trading’s Hard Enough Without Binance Psyching Us Out

Bitcoin Trading’s Hard Enough Without Binance Psyching Us Out

Highlights On Thursday, the price of bitcoin hit US$66,500 before dropping to under US$10,000, according to the popular US exchange The monumental crash, albeit momentary, has been blamed on an institutional trader’s rouge algorithm. The...

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What is Worldcoin? A sci-fi or real cryptocurrency?

What is Worldcoin? A sci-fi or real cryptocurrency?

Highlights Worldcoin is believed to have already raised US$ 25 million in funding from investors. In a first, a company called Worldcoin has said that it would scan people's eyes and reward them with digital currency. Worldcoin aims to launch ...

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Top 9 things making presence felt in NZ market today

Top 9 things making presence felt in NZ market today

As another week draws to a close, let us skim through the top headlines pertaining to the country. Source: Copyright © 2021 Kalkine Media Image description: Covid-19, NZ news No respite from COVID-19 As per the latest updates, new Delt...

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New Zealand Market Ended in Red As Consumer Staples Sector Witnessed Selling

New Zealand Market Ended in Red As Consumer Staples Sector Witnessed Selling

On 22nd October 2021, the equity market in NZ closed in red as consumer staples sector weighed over the broader market. NZX 50 Index and NZX 20 Index declined by 0.25% and 0.23%, respectively. Notably, NZX All Consumer Staples witnessed a fall of 2.5...

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NZ Government discloses new traffic light system and business support package

NZ Government discloses new traffic light system and business support package

  • October 22, 2021 08:18 PM NZDT
  • Sonal

Highlights  The NZ government revealed its new COVID Protection framework on Friday, which includes 3 traffic light systems once all DHBs achieve 90% vaccination rates. The new framework will involve red, orange and green settings, which w...

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Why falling inflation is not good news

Why falling inflation is not good news

Highlights UK headline inflation dropped from 3.2% in August to 3.1% in September as per latest ONS figures. In the recent months, inflation has been above the 2% target set by the UK Government, with expectations of hitting 4% by the end of th...

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What makes trading in Quant crypto different from others

What makes trading in Quant crypto different from others

Highlights Quant trading has been quite popular, owing to its unique concept and strategy. Its operating system, Overledger, integrates multiple DLTs from various blockchains for speedier and efficient growth. Its unique strategies, which comp...

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Crude oil tumbles after hitting record highs

Crude oil tumbles after hitting record highs

Highlights Crude oil prices tumbled on Thursday. Winter weather in most parts of the US is expected to be warmer than average. Oil also came under pressure due to a drop in natural gas and coal prices. Crude oil prices tumbled on Thursday...

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EROAD (NZX:ERD) unveils a new useful video solution

EROAD (NZX:ERD) unveils a new useful video solution

Highlights EROAD, the fleet management tech company, has launched a new product, Clarity Solo Dashcam, aimed to enhance driver safety and reduce driving costs This new offering can be integrated alongside existing EROAD solutions. EROAD Li...

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Air NZ (NZX:AIR) issues performance rights under Long Term Incentive

Air NZ (NZX:AIR) issues performance rights under Long Term Incentive

  • October 22, 2021 02:16 PM NZDT
  • Sonal

Highlights Air NZ may issue 3-year performance rights under the Long-Term Incentive Plan. AIR has issued 5,276,405 performance rights on 20 October 2021. Air New Zealand (NZX:AIR; ASX:AIZ), flag carrier airline of NZ, notified the mar...

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