Shares in cancer diagnostics firm Pacific Edge jumped almost 6% today while New Zealand’s market reacted happily to the news that inflation appears to be slowing, according to much-anticipated consumer price index (CPI) inflationary data.

Investors are impatiently waiting to see what’s revealed in a consumer price index inflation update coming out tonight, while domestically New Zealand’s market was slightly surprised by the property consenting numbers that were released today.

New Zealand’s market edged down slightly today in tandem with the ANZ world commodity price index, which dipped 0.1% in December – given a helping hand by higher aluminium and dairy prices.

New Zealand’s market still very much feels like it has its out-of-office email on, with the local index seeing very low volumes and a conspicuous lack of exciting corporate news for investors to sink their teeth into today.

Equity markets everywhere have been chewing on the billion-dollar question since Friday – has inflation peaked?

New Zealand’s market took yesterday’s rally in its stride and jumped up again today, a hopeful sign that the local market’s new year cheer will continue.

New Zealand stocks have rallied on the first local trading day of the new year, with Ebos Group hitting an all-time high.

New Zealand’s share market ended the very last trading session of the year in the red with The Warehouse topping the news of the day after the retailer told the market that its biggest trading quarter of the year had failed to meet expectations.

New Zealand’s market ignored the negative headwinds from international markets today but although the benchmark index saw a small rally this afternoon, it ended the day flat.

It was an abbreviated day of trading for New Zealand today, with the market shutting up shop in the early afternoon to little fanfare.

The jolly Christmas rally investors were hoping for as the big day creeps closer didn't arrive, but on the last full day of trading before Christmas, New Zealand’s market had a small bounce in its step.

Markets everywhere are dragging themselves closer to the Christmas finish line while the New Zealand dollar fell almost 400 basis points against the Japanese yen after the Bank of Japan (BoJ) doubled its 10-year yield cap.

Five sleeps until the big day and a Christmas rally was nowhere to be seen in either international or domestic markets.

Five sleeps until the big day and a Christmas rally was nowhere to be seen in either international or domestic markets.

With less than a week from Christmas, investors didn’t think Santa had dropped by earlier when dairy manufacturer Synlait Milk announced it was reducing its forecast milk price for the 2022-23 season.