JMI Wealth Market Update

JMI Wealth Director Andrew Kelleher analyses The Warehouse Group's annual results, reviewing the outcome as the company delivers its first ever loss. He also addresses the speech delivered by the New Zealand Treasury, which expressed concerns about fiscal unsustainability and emphasised the need for greater financial discipline. Then, onto market figures. For more market insights and our terms...

JMI Wealth Director Andrew Kelleher highlights Fonterra's latest annual results, noting a positive outcome and the announcement of a special dividend payout. In contrast, he examines Kathmandu owner KMD Brands and discusses their performance amid a challenging sales environment. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher discusses the Reserve Bank of Australia and their decision to leave the cash rate unchanged. He also reviews the September quarter Westpac McDermott Miller Employment Confidence Index and its implications for the labour market. Additionally, he examines China’s plan to support its economy through new stimulus measures. Then, onto market figures. For more market...

JMI Wealth Director Andrew Kelleher discusses Fletcher Building's announcement of a $700 million capital raise and its implications for the company. He also offers brief insights on other notable New Zealand companies seeking funding from both local and international investors. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher discusses the Q2 GDP figures, noting that while economic growth was better than expected, the economy still contracted and overall activity remains subdued. He also continues yesterday’s discussion on the Federal Reserve Fed Funds Rate review and comments on the market’s reaction. Then, onto market figures. For more market insights and our terms and conditions,...

JMI Wealth Director Andrew Kelleher comments on the Federal Reserve's recent decision regarding interest rate cuts and what this could mean for the Reserve Bank of New Zealand. He also provides a brief update on Synlait Milk and the recent shareholder vote. He then reviews the current account deficit and market expectations. Then, onto market figures. For more market insights and our terms and...

JMI Wealth Director Andrew Kelleher reviews the latest Fonterra Global Dairy Trade Auction results, noting a rise in dairy prices. He also discusses the most recent farmer confidence survey by Rabobank, highlighting a significant increase in sentiment. Additionally, he provides a brief update on the outcome of Auckland Airport’s institutional bid. Then, onto market figures. For more market insight...

JMI Wealth Director Andrew Kelleher shares the latest details of Auckland Airport’s recent announcement to raise a significant amount of capital for their terminal upgrade. Additionally, he examines the BusinessNZ Performance of Manufacturing Index (PMI) and the Performance of Services Index (PSI), noting the changes from previous months. Then, onto market figures. For more market insights and our...

JMI Wealth Director Andrew Kelleher wraps up the week by examining the latest inflation data, noting the Selected Price Index figures for the month of August. He also reviews the latest numbers on electronic card transactions and household spending. Additionally, he provides a brief overview of the latest movement in oil prices. Then, onto market figures. For more market insights and our terms and...

JMI Wealth Director Andrew Kelleher discusses Contact Energy's recent market announcement regarding its full takeover bid for Manawa Energy (formerly Trustpower) and examines the implications for the company. He also reviews the latest migration data, noting a downturn in arrivals and what this could mean for the country. Then, onto market figures. For more market insights and our terms and co...

JMI Wealth Director Andrew Kelleher covers off the latest updates from local and global financial markets. He discusses the release of the latest Apple iPhone, highlighting the market’s reaction. He reviews Australian consumer and business confidence data, pointing out the rising concerns. He also offers a brief commentary on how the US market may respond to the upcoming Presidential debate. Then,...

JMI Wealth Director Andrew Kelleher discusses Tower Insurance and their strategic review, noting positive news for company shareholders. He also covers the recent strategic review of Synlait Milk, highlighting the challenges the company faces and detailing their efforts to return to profitability. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth...

JMI Wealth Director Andrew Kelleher reviews the latest trading update from Hallenstein Glasson Holdings Limited, highlighting a positive announcement amid a challenging retail environment. He also remarks on Reserve Bank of Australia Governor Michele Bullock's stance on inflation and interest rates, which she addressed in Sydney yesterday. Additionally, he provides a brief overview of recent U...

JMI Wealth Director Andrew Kelleher discusses the recently released Australian economic data, highlighting the second-quarter growth figures. He also examines the 'September Effect' in the US markets and comments on the performance of the first trading session of the month. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher reviews the latest trade data, highlighting the quarterly and year-on-year outcomes, with a specific focus on the merchandise trade index. Additionally, he briefly discusses recent US data. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher discusses the latest move by retirement operator Ryman Healthcare, highlighting how pricing and job factors are involved. Additionally, he points out the significant week ahead for US labour market data, which will provide more insight into the possibility of an interest rate cut in September. Then, onto market figures. For more market insights and our terms and...

JMI Wealth Director Andrew Kelleher discusses the hype surrounding Nvidia’s latest earnings announcement and share market reaction. He also reviews the recently released ANZ Business Outlook, which revealed a surge in business confidence, hitting its highest level in a decade. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher reviews the July employment indicators from Stats NZ and assess the changes compared to the previous month. He also discusses the results of Woolworths NZ, noting how wage costs have affected them and how its performance measures up against its parent company in Australia. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher reviews Vulcan Steel's latest performance results, noting the company's emphasis on managing costs and their continued optimism for improved conditions in 2025. Additionally, he covers the performance of Tourism Holdings Limited, which showed positive results that aligned with expectations. Next, he gives a brief overview of recent US economic data, high...

JMI Wealth Director Andrew Kelleher reviews the latest performance results from Steel & Tube, noting the challenges posed by the construction sector and the company's confidence in a tough operating environment. Additionally, he comments on the strong performance from Summerset, highlighting their success despite tough conditions in the retirement sector. Then, onto market figures. For mor...

JMI Wealth Director Andrew Kelleher dives into SkyCity’s latest financial results, revealing a softer performance than hoped for and how the market has reacted. He then shifts focus to Auckland Airport, where the results largely met expectations, and explores the change in earnings compared to last year. Then, onto market figures. For more market insights and our terms and conditions, visit www.jm...

JMI Wealth Director Andrew Kelleher reviews the latest financial results from Fletcher Building, noting challenging times ahead for the company. In contrast, he also discusses the recent performance of Sky TV which has had a decent result despite the tough media environment. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher reviews the latest Fonterra Global Dairy Trade Auction results. He then discusses the REINZ report for July, which uncovered a sharp increase in house sales and a slight dip in the House Price Index. Additionally, he addresses the impact of high energy prices on Winstone Pulp International, a timber and pulp producer. Then, onto market figures. For more market i...

JMI Wealth Director Andrew Kelleher discusses the BusinessNZ Performance of Services Index (PSI) survey, noting that while the numbers from July remain quite poor, there has been some improvement since June. He also highlights A2 Milk's achievement in gaining market share in the tough Chinese market. Then, onto market figures. For more market insights and our terms and conditions, visit www.jm...

JMI Wealth Director Andrew Kelleher highlights the increase in share price for the Briscoe Group after their record half-year sales despite a challenging retail market. He then addresses the manufacturing sector in China, noting a decrease in the Caixin PMI and a decline in demand. Additionally, he covers the US market's reaction to the Federal Reserve’s recent decision on interest rates. Then...