MT Newswires -Shutterstock <\/p>\n
New Zealand shares ended marginally lower on Monday after markets digested worries over the independence of the US Federal Reserve.<\/p>\n
The S&P\/NZX 50 Index fell 0.1% or about 13 points to close at 13,683.29.<\/p>\n
US Fed Chair Jerome Powell said the US central bank had received grand jury subpoenas from the Justice Department, raising the threat of criminal indictment in a sharp escalation of the Trump administration’s campaign against the Fed, a Bloomberg report said on Monday.<\/p>\n
“This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions – or whether instead monetary policy will be directed by political pressure or intimidation,” Powell said.<\/p>\n
In domestic news, the end of 2025 saw December New Zealand property stock levels surpass 30,000 for the first time in any December in a decade, capping off a full year of consistently high supply, with more than 30,000 properties on the market every month of 2025, data from realestate.co.nz showed.<\/p>\n
Also, national average weekly rent dropped 2.4% to NZ$626 per week in December 2025, with Central Otago Lakes District being the most expensive place to rent in New Zealand by more than NZ$200, according to a realestate.co.nz report.<\/p>\n
In corporate news, Rakon (NZE:RAK) received a takeover notice from Bourns, indicating the US-based electronics firm’s intention to acquire all of the company’s shares and its outstanding employee share rights for cash consideration of NZ$1.55 each.<\/p>\n
SKY Network Television (NZE:SKT, ASX:SKT) appointed David Mackrell as chief financial officer, effective Monday, succeeding Andrew Hirst.<\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock New Zealand shares ended marginally lower on Monday after markets digested worries over the independence…\n","protected":false},"author":2,"featured_media":229571,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[136738,5548,8942,111,43,139,69,22045],"class_list":{"0":"post-229570","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-zealand","8":"tag-criminal-indictment","9":"tag-jerome-powell","10":"tag-justice-department","11":"tag-new-zealand","12":"tag-news","13":"tag-newzealand","14":"tag-nz","15":"tag-us-federal-reserve"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/229570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=229570"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/229570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/229571"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=229570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=229570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=229570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}