Market Talk: Dow ends brutal quarter, Z Energy share sale and Pumpkin Patch lives on
Duncan Bridgeman and Craig's Investment Partner's Mark Lister discuss the latest share market news on NBR Radio and on demand on MyNBR Radio.
The September quarter was one of the most volatile and eventful periods for financial markets in recent memory, says Craigs Investment Partners’ Mark Lister, reflecting on Wall Street’s last day of trading for the month.
“From commodity prices to China to the fed interest rate talk and the Greek default, there has been plenty happening and it's all caused a pretty significant dent in investor sentiment,” he told NBR Radio.
At the same time, New Zealand businesses grew less gloomy about the economy's prospects in September, snapping five months of declining confidence, according to the ANZ Business Outlook.
The interesting thing about that, Mr Lister says, is that pricing intentions came through much stronger than expected.
"The number of businesses planning on increasing prices rebounded quite a bit in September. One would assume that might be New Zealand dollar related, the lower kiwi pushing up prices for imported goods."
Meanwhile, there has been plenty of corporate activity on the local sharemarket, including infratil and the Super Fund’s sale of Z Energy shares and Pumpkin Patch’s banking lifeline.
Also, some technology stocks have taken a hit in recent days. We discuss this and Xero’s latest announcement that it has passed 100,000 subscribers in the UK.
Tune in to the NBR Radio Special Feature for the full discussion.
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NBR Radio
Thu, 01 Oct 2015
Thu, 01 Oct 2015
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Market Talk: Dow ends brutal quarter, Z Energy share sale and Pumpkin Patch lives on
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