The domestic sharemarket has continued its relentless march ahead, Kanken No.2 Baratas with the headline S&P/NZX 50 Index moving through 7000 points recently for the first time ever. adidas Stan Smith scarpe I wouldn’t have picked NZ shares to be up 11 per cent five months into the year, Maglia Blake Griffin especially after the preceding four years, nike air max 2017 goedkoop when annual returns averaged 18 per cent. Adidas NMD Heren Few will deny the market is looking stretched, nike air max 2016 goedkoop but at the same time there are some logical reasons for just how solid it has been.
Stock index falls over worries of Brexit
New Zealand shares fell as fears around the potential for Britain to exit the European Union continued to erode risk appetite. Summerset Group, Air New Zealand and Xero led the decline, while Spark gained.
The S&P/NZX50 Index fell 89.33 points, or 1.3 per cent, to 6834.94.
Within the index, 41 stocks fell, four rose and five were unchanged. Turnover was a modest $153 million.
Equity markets sold off for a second day in Asia, with Japan’s Nikkei 225 Index down 1.5 per cent during trading and Australia’s S&P/ASX 200 Index down nearly 2 per cent late in the day as that market played catch up after a public holiday.
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Rabobank pushes out its expectation of dairy price increases until well into 2016
A recovery in global dairy prices is still on the horizon, however burgeoning stocks have pushed out any sustained upturn in the market until the first-half of 2016, according to Rabobank’s latest Dairy Quarterly report.
The global outlook, released exclusively to Rabobank’s agribusiness clients earlier this week, reaffirms the bank’s position that a recovery phase is imminent, however it has pushed out the timeframe by at least three months.
Rabobank director of Dairy Research New Zealand and Asia Hayley Moynihan says the market correction has been largely delayed by the removal of EU quotas which has bolstered exportable supplies.