New Zealand Shares Fall Ahead of US Labor Data

MT Newswires Live09-06

New Zealand shares fell on Friday's close as traders nervously await the results of an upcoming US labor report, which may guide the extent of upcoming rate cuts.

The S&P/NZX 50 Index fell 0.5% or 63.15 points to close at 12,615.51.

All eyes are now on the US non-farm payroll report set for release later in the day following the recent pronouncements of the US Federal Reserve Jerome Powell supporting the labor market, Reuters reported.

Analysts are expecting new jobs to rise by 165,000 and the unemployment rate falling to 4.2%. A weakened labor market may force the US Fed to cut rates in its next meeting, the report added.

On the domestic front, Stats NZ reported that building activity in New Zealand logged its weakest June quarter in four years as residential and non-residential work fell, with the seasonally adjusted volume of building work slipping 0.2% quarter over quarter to NZ$8.2 billion during the three months to June.

In corporate news, shares of financial services firm ANZ (NZE:ANZ, ASX:ANZ) and diagnostic firm Pacific Edge (NZE:PEB, ASX:PEB) both climbed 2% on market close, offset by a 4% fall in the shares of logistics firm Freightways (NZE:FRW, ASX:FRW).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2465653341?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-06 14:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2465653341","market":"fut","top_or_hot":-1,"title":"New Zealand Shares Fall Ahead of US Labor Data","media":"MT Newswires Live","content":"<html><body><p> New Zealand shares fell on Friday's close as traders nervously await the results of an upcoming US labor report, which may guide the extent of upcoming rate cuts.</p><p>The S&amp;P/NZX 50 Index fell 0.5% or 63.15 points to close at 12,615.51.</p><p>All eyes are now on the US non-farm payroll report set for release later in the day following the recent pronouncements of the US Federal Reserve Jerome Powell supporting the labor market, Reuters reported.</p><p>Analysts are expecting new jobs to rise by 165,000 and the unemployment rate falling to 4.2%. A weakened labor market may force the US Fed to cut rates in its next meeting, the report added.</p><p>On the domestic front, Stats NZ reported that building activity in New Zealand logged its weakest June quarter in four years as residential and non-residential work fell, with the seasonally adjusted volume of building work slipping 0.2% quarter over quarter to NZ$8.2 billion during the three months to June.</p><p>In corporate news, shares of financial services firm ANZ (NZE:ANZ, ASX:ANZ) and diagnostic firm Pacific Edge (NZE:PEB, ASX:PEB) both climbed 2% on market close, offset by a 4% fall in the shares of logistics firm Freightways (NZE:FRW, ASX:FRW).</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Zealand Shares Fall Ahead of US Labor Data</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Zealand Shares Fall Ahead of US Labor Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-06 14:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New Zealand shares fell on Friday's close as traders nervously await the results of an upcoming US labor report, which may guide the extent of upcoming rate cuts.The S&P/NZX 50 Index fell 0.5% or ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7135","symbol_name":"综合性银行","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2465653341","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465653341","pubTimestamp":1725603300,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"New Zealand shares fell on Friday's close as traders nervously await the results of an upcoming US labor report, which may guide the extent of upcoming rate cuts.The S&P/NZX 50 Index fell 0.5% or 63.15 points to close at 12,615.51.All eyes are now on the US non-farm payroll report set for release later in the day following the recent pronouncements of the US Federal Reserve Jerome Powell supporting the labor market, Reuters reported.Analysts are expecting new jobs to rise by 165,000 and the unemployment rate falling to 4.2%. A weakened labor market may force the US Fed to cut rates in its next meeting, the report added.On the domestic front, Stats NZ reported that building activity in New Zealand logged its weakest June quarter in four years as residential and non-residential work fell, with the seasonally adjusted volume of building work slipping 0.2% quarter over quarter to NZ$8.2 billion during the three months to June.In corporate news, shares of financial services firm ANZ  and di","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7135":"综合性银行","PEB.AU":"PACIFIC EDGE LTD","BK7511":"ESG概念","NZ20C.NZ":"S&P/NZX 20","BK7058":"航空货运与物流","ANZ.AU":"ANZ GROUP HOLDINGS LTD","FRW.AU":"Freightways Group Ltd","NZ50G.NZ":"S&P/NZX 50","BK7067":"生物科技","T10G.NZ":"S&P/NZX 10"},"translate_title":"新西兰股市在美国劳工数据公布前下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NZ20C.NZ":1,"NZ50G.NZ":1,"T10G.NZ":1,"PEB.AU":0.9,"US6M.BOND":0.9,"US5Y.BOND":0.9,"US3Y.BOND":0.9,"US30Y.BOND":0.9,"US2Y.BOND":0.9,"US12M.BOND":0.9,"US10Y.BOND":0.9,"FRW.AU":0.9,"US7Y.BOND":0.9,"ANZ.AU":0.9,"US912797HE00.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GW17.BOND":0.6},"content_text":"New Zealand shares fell on Friday's close as traders nervously await the results of an upcoming US labor report, which may guide the extent of upcoming rate cuts.The S&P/NZX 50 Index fell 0.5% or 63.15 points to close at 12,615.51.All eyes are now on the US non-farm payroll report set for release later in the day following the recent pronouncements of the US Federal Reserve Jerome Powell supporting the labor market, Reuters reported.Analysts are expecting new jobs to rise by 165,000 and the unemployment rate falling to 4.2%. A weakened labor market may force the US Fed to cut rates in its next meeting, the report added.On the domestic front, Stats NZ reported that building activity in New Zealand logged its weakest June quarter in four years as residential and non-residential work fell, with the seasonally adjusted volume of building work slipping 0.2% quarter over quarter to NZ$8.2 billion during the three months to June.In corporate news, shares of financial services firm ANZ (NZE:ANZ, ASX:ANZ) and diagnostic firm Pacific Edge (NZE:PEB, ASX:PEB) both climbed 2% on market close, offset by a 4% fall in the shares of logistics firm Freightways (NZE:FRW, ASX:FRW).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2465653341"}