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Daily Alert: Global sharemarket weakness continues.

  • Global sharemarkets fell on Friday. The pan-European STOXX 600 index fell by 1.8% to be down 1.4% on the week - the third week of declines.
  • US sharemarkets fell on Friday with the Dow Jones down for the sixth straight day. Shares in Netflix slid by 21.8% after earnings results and guidance disappointed investors.
  • The S&P/NZX 50 index fell 1.2% on Friday, and yields declined, with the 10-year Government bond yield down 6 basis points.

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