NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Business / Companies

World markets steady after Brussels attacks

BusinessDesk
22 Mar, 2016 06:05 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Traders Edward Schreier, left, and Anthony Carannante confer on the floor of the New York Stock Exchange. Photo / AP

Traders Edward Schreier, left, and Anthony Carannante confer on the floor of the New York Stock Exchange. Photo / AP

Gold and US Treasuries rose overnight while Wall Street was steady after earlier declines, after attacks in Brussels killed at least 31 people and prompted increased international security alerts.

US Treasuries rose as investors fled to their perceived safety. Yields on the 10-year note fell 1 basis point to 1.91 percent in early afternoon trading in New York.

"It raises more defensive positioning in risk assets, and puts money into Treasuries," John Briggs, head of strategy for the Americas in Stamford, Connecticut, at RBS Securities, one of the 22 primary dealers that trade with the Federal Reserve, told Bloomberg.

Wall Street was steady to higher. In New York trading at 1.14pm, the Dow Jones Industrial Average inched 0.08 percent higher, while the Nasdaq Composite advanced 0.4 percent. In New York trading at 12.58pm, the Standard & Poor's 500 Index gained 0.2 percent. Earlier the S&P 500 had dropped as much as 0.5 percent.

The Dow moved higher as gains in shares of Pfizer and those of UnitedHealth, last up 1.4 percent and 1.2 percent respectively, outweighed declines in shares of Goldman Sachs and those of American Express, last 1.2 percent and 0.8 percent weaker respectively.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"The market appears to be more resilient than you'd expect after a terrorist attack," Michael Antonelli, an institutional equity sales trader and managing director at Robert W Baird & Co in Milwaukee, told Bloomberg. "We're still in the negative, but I'm shocked we're not down more. When you wake up to this news, it's definitely going to put a damper on market sentiment."

The market may be getting desensitised to this kind of violence.

Scott Brown, chief economist at Raymond James

Airline and other travel stocks on both sides of the Atlantic fell in the wake of the Brussels attacks. Shares of American Airlines fell 1.3 percent, while those of Delta Air Lines dropped 1.6 percent.

Spot gold rallied to a high of US$1,259.60 an ounce in the wake of the attacks, and was 0.9 percent higher at US$1,254.30 an ounce in early afternoon US trading, according to Reuters. US. gold futures for April delivery were up US$10.60 an ounce at US$1,254.80.

Advertisement
Advertise with NZME.

The Chicago Board Options Exchange Volatility Index, or VIX which is known as Wall Street's fear gauge, last traded 0.5 percent higher at 13.86.

"The market may be getting desensitised to this kind of violence," Scott Brown, chief economist at Raymond James in St. Petersburg, Florida, told Reuters.

The Dollar Index, which measures the greenback against a basket of six major currencies, last traded 0.4 percent higher.

Meanwhile, shares of Dean Foods tumbled, trading 10.6 percent lower by midday in New York, on concern about its sales outlook as Wal-Mart Stores, its largest client, plans to build a milk-processing plant.

Discover more

Energy

Saudi-Russia oil deal can't stop biggest bull exodus in 7 months

22 Feb 07:15 PM
Banking and finance

House prices, dairy slump threat to NZ banks

22 Feb 07:30 PM
Companies

Oil volatility takes equities for a ride overnight

24 Feb 07:04 PM
Companies

Wall St rallies as US outlook brightens

01 Mar 06:52 PM

Wal-Mart's "decision to in-source milk processing is clearly an unfavourable development" for Dean, given that the retailer made up 16 percent of 2015 sales, Matthew Grainger, a New York-based analyst for Morgan Stanley, said in a report Monday, Bloomberg reported.

In Europe, the benchmark Stoxx Index ended the day with a 0.2 decline from the previous close. Earlier in the session it dropped as much as 1.6 percent, following the attacks at Brussels's airport and on the metro system. The euro-zone's travel and leisure stocks including Ryanair and Accor fell.

The UK's FTSE 100 eked out a 0.1 percent advance, as did France's CAC 40, while Germany's DAX added 0.4 percent.

Save

    Share this article

Latest from Companies

Premium
Banking and finance
|Updated

'Misguided stunt': ANZ declines $300m legal settlement offer

Premium
AnalysisKate MacNamara

Reserve Bank's employee benefits: Gold standard or pretty standard?

Premium
Airlines

Air India crash: No fuel switch checks ordered for New Zealand jets


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Companies

Premium
Premium
'Misguided stunt': ANZ declines $300m legal settlement offer
Banking and finance
|Updated

'Misguided stunt': ANZ declines $300m legal settlement offer

ASB yet to respond to class action settlement offer.

16 Jul 04:41 AM
Premium
Premium
Reserve Bank's employee benefits: Gold standard or pretty standard?
Kate MacNamara
AnalysisKate MacNamara

Reserve Bank's employee benefits: Gold standard or pretty standard?

16 Jul 03:00 AM
Premium
Premium
Air India crash: No fuel switch checks ordered for New Zealand jets
Airlines

Air India crash: No fuel switch checks ordered for New Zealand jets

15 Jul 11:01 PM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP