0

New Zealand Economy: Weekly Drop in Stocks of 0.4%?

The New Zealand economy is heavily reliant on dairy and timber exports. Which are largely driven by Chinese demand.  Thus indirectly linked to EM exit from Fed tapering. According to GDP per capita, New Zealand ranks about 31 or 32 out of 200 countries in the world. This in terms of economic performance.  New Zealand benefits from having a small population and a high GDP. As opposed to, say, India, which has a high GDP but must distribute its resources among roughly 1.3 billion people.

As investors awaited the release of US inflation statistics later today and the Federal Reserve’s decision to raise interest rates next week, New Zealand’s shares fell 21.1 points, or 0.18%, to close at 11,596.03 on Friday, down 0.4% for the week and the first weekly decline in 7 weeks.

In China, officials released November factory-gate pricing and inflation data that were lackluster amid signs that the economy was still being negatively impacted by a rise in COVID cases and negative consumer confidence.

Locally, Prime Minister Jacinda Ardern stated that once border settings are adjusted to permit travel to her country’s top commercial partner, China, she hoped to conduct a trade mission there.bIn contrast to declines in energy minerals and retail trade, shares of consumers, non-energy minerals, and electronic technology mostly rose. A2 Milk Company increased 1.2%, Fletcher Building increased 1.6%, Infratil Ltd. increased 0.8%, and Genesis Energy increased 0.8%.

New Zealand’s top market

Meanwhile, shares of Fisher & Paykel (-2.3%), Ryman Healthcare (-2.9%), Vector Ltd (-2.4%), and Contact Energy (-1.3%) all saw declines. Investing provides a way to take some money out of earnings and savings in order to gain in the future. An good technique to gradually increase wealth is through stock market investing. Stocks are financial instruments that grant legal ownership to a buyer of a company’s shares.

The primary goal of investing is to place money in one or more categories of investment vehicles. This in the anticipation of profit. There are several ways to begin investing, with funding an online investment account being one of the quickest and simplest methods. Online tools are available for online trading, allowing you to make your own buy and sell orders and follow their progress all the way to fulfillment.

To diversify their portfolios, many investors place their money in established markets. Due to its stable business environment, New Zealand is a great place for shrewd investors and business owners.

The main stock exchange, or NZX, lists more than 200 companies, many of which are well-known domestic enterprises with a lengthy history and others which are international. It is New Zealand’s top market for listed shares on the NZX and ETFs.

BONUS VIDEO: Weekly news summary from the markets



You might also like
Leave A Reply

Your email address will not be published.