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Jarden Brief: US markets in the red, Nasdaq down 2.4% 4 May, 2021 08:49 PM 7 minutes to read US stocks were struggling this morning. Photo / Getty Images NZ Herald Coming Up Today: New Zealand: On Tuesday, the NZX50 recorded a strong performance, increasing 1.1 per cent. Ahead of the Global Dairy Trade Auction, milk powder producer A2 Milk and dairy company Synlait Milk increased 3.4 per cent to $7.99 and 3.0 per cent to $3.39 respectively, closing as the top performers of the day. Napier Port Holdings (+2.3 per cent to $3.57) rounded out the top performers, correcting some of the losses from Monday s session. The GDT auction this morning saw fats down after additional butter supply was announced last week. AMF was down 4.2 per cent and butter was down 12.1 per cent. The large increases seen in US corn prices in the past 3-4 months have pushed US SMP prices higher and supported the values seen in other origins, including Ne ....
Jarden Brief: Discovery stock hit by Reddit-fuelled short squeeze 3 May, 2021 08:12 PM 6 minutes to read Reddit continues to have an impact on the stock market. Photo / Getty Images NZ Herald New Zealand The NZX50 was in the green ahead of a busy earnings season, closing 0.3 per cent higher. All sectors except healthcare (-1.2 per cent) were up on the close. Financials led the way, rising 3.5 per cent. The best performers of Monday s session were Westpac Banking Corp (+5.3 per cent to $28.28), media services provider Sky Network Television (+3.5 per cent to $0.18) and Oceania Healthcare (+3.0 per cent to $1.39). The retirement village operator shared today that it will announce its results for the 10 months leading up to 31 March 2021 on 21 May 2021. ....
Asian Shares Advance On Economic Optimism CANBERA (dpa-AFX) - Asian stocks rose broadly on Friday as strong U.S. and Chinese economic data cemented expectations of a solid global economic recovery. The upside was limited amid the continuing surge in coronavirus cases in the region and the possible restrictions on economic activity in several countries. Chinese and Hong Kong shares rose as investors digested a raft of data. China s Shanghai Composite index climbed 27.63 points, or 0.81 percent, to 3,426.62, while Hong Kong s Hang Seng index ended up 176.57 points, or 0.61 percent, at 28,969.71. China s gross domestic product expanded 18.3 percent year-on-year in the first quarter of 2021, the National Bureau of Statistics said. ....
Asian Shares Mostly Higher Ahead Of Holiday Break CANBERA (dpa-AFX) - Asian stocks rose broadly on Thursday amid renewed optimism about a potential Brexit deal and hopes for economic recovery. Trading activity was subdued ahead of the Christmas break. Chinese shares fell on reports of an antitrust investigation into Asia s leading e-commerce company, Alibaba. The benchmark Shanghai Composite index dropped 19.21 points, or 0.57 percent, to 3,363.11, while Hong Kong s Hang Seng index edged up 0.16 percent to 26,386.56. Japanese shares closed near a three-decade high after reports suggested that Britain and the European Union were on the cusp of striking a post-Brexit trade deal. The global Covid-19 vaccine rollout also buoyed hopes of an economic recovery from the pandemic. ....