12 Oct 2018

The financial markets today: what to expect?

From Nine To Noon, 9:25 am on 12 October 2018
Traders on the floor of the New York Stock Exchange (NYSE) on October 4, 2018 .

Photo: AFP / Getty Images

What lies in store for the New Zealand financial markets.....following our biggest one-day fall in a decade yesterday. Over in the U.S. The Dow Jones Industrial Average plunged more than 800 points yesterday, its worst drop in eight months, led by sharp declines in technology stocks The Dow Jones has fallen a further 2% overnight, the NASDAQ another 1%. Yesterday's losses in the US market had an immediate impact in New Zealand, with 3.64 per cent being knocked off the S&P/NZX50 index. Chief Investment Officer at Wealth Management firm JB Were, Bernard Doyle talks to Kathryn about what to expect today.

 

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