Shared Lunch

SHARESIES · MARKET MOVEMENTS · 24 JUNE 2026 Jacki Neumann, Head of Capital Markets
Note: Filmed Tuesday 23 June
WHAT'S UP — US markets extended their run with the S&P 500 up 0.9% and Nasdaq climbing 2.4%, led by a 7.3% surge in semiconductors and an 18% jump in memory stocks.
↓ WHAT'S DOWN — Energy lagged, falling 6.6% for the week, as a preliminary US–Iran peace deal sent Brent crude down nearly 10% on the week and around 25% over the past month.
! BIGGEST SURPRISES — In Kevin Warsh's first meeting as Fed Chair, forward guidance was dropped and half of Fed members pencilled in a rate hike for 2026, pushing the USD to 12-month highs.
◎ WHAT TO WATCH — Thursday's US Core PCE for May (the Fed's preferred inflation gauge) now carries extra weight with markets pricing in hikes rather than cuts.
◈ BIGGER PICTURE — A peace framework in the Middle East and a hawkish Fed reset are the dominant forces; it all hinges on the durability of the Iran deal and Thursday's inflation number.
Disclaimer:
Sharesies Market Update is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand.
This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product.
Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance.
If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant Australian or NZ website.
See omnystudio.com/listener for privacy information.

Recorded live from the grounds of Fieldays, hear from a panel featuring Gus Hewitt of Halter, Cheyne Gillooly of the NZ Young Farmers Association, and 2024 FMG Young Farmer of the Year George Dodson on the future of farming.
With the average farmer in their mid-60s, meet the new demographic of globally connected, cautious early adopters. The panel breaks down how young farmers are embracing innovation, bypassing the traditional land ownership process, and building fast equity directly through business performance and private equity funds.
With Halter’s solar-powered smart collars transforming herd management, we find out what it means to operate with fewer constraints, more data, and more flexibility. Our panelists explain the new possibilities to boost productivity per hectare even on marginal land, the growing role of solar energy on-farm, and how AI might soon become necessary to process the vast amounts of farm data being generated.
For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Limited (NZ) in New Zealand. Information provided is general only and current at the time it’s provided.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.
See omnystudio.com/listener for privacy information.

Note: Filmed Tuesday 16 June
↑ WHAT'S UP: The S&P 500 +0.65%, Nasdaq +0.70%, ASX 200 +2.1%, and NZX 50 +1.8%, semiconductors surged over 9% and SpaceX raised US$75B in the largest IPO in history.
↓ WHAT'S DOWN: Software fell over 5% and big tech lagged as capital rotated toward the SpaceX IPO, with Microsoft and Apple among the weaker performers for the week.
! SURPRISES: SpaceX shares surged ~40% above their IPO price in the first days of trading, and reports emerged of a US–Iran memorandum of understanding taking shape.
◎ WHAT TO WATCH: Wednesday's Fed rate decision and updated projections; the Bank of England and Swiss National Bank follow suit on Thursday, and US retail sales land this week.
◈ BIGGER PICTURE: A recovering market and landmark IPO lift sentiment, but uncertainty remains with the Fed's pending announcement and an evolving Iran situation.
Disclaimer:
Sharesies Market Update is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand.
This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product.
Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance.
If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant Australian or NZ website.
See omnystudio.com/listener for privacy information.

In this quick bite, political writer and researcher Max Rashbrooke explores the growing pressure on New Zealand's retirement system, the case for means testing, and why changing NZ Super could become one of the country's most politically challenging debates.
This clip is from our previous episode 'Are kids the key to a better KiwiSaver?'
For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch
Shared Lunch is brought to you by Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—can be found on our website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.
See omnystudio.com/listener for privacy information.

As the retirement debate heats up ahead of the general election, we’re talking to Max Rashbrooke, a political writer and researcher, and Matt McPherson, the head of Sharesies KiwiSaver. With the launch of the Sharesies Kids contribution, we explore the power of compounding interest to renew our national savings and revive home ownership hopes—and why the current system could leave nearly half of us facing a retirement below the poverty line.
Hear proposals to improve all of our futures, from making employer contributions mandatory to enrolment at birth, and how putting 100 ordinary New Zealanders in a room could provide a new pathway to answers.
For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch
Shared Lunch is brought to you by Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—can be found on our website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.
See omnystudio.com/listener for privacy information.