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Reader poll

A holiday.
60% (161 votes)
A wedding.
27% (73 votes)
A house.
6% (17 votes)
A car.
4% (12 votes)
Education.
1% (4 votes)
Total voters: 267

In your opinion, what's the last thing someone should borrow money to pay for?

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TWI

What happened Thursday

A review of things you need to know before you go home on Thursday; FMA warning, massive housing value surge, another housing Accord, expanding dairying, sharp falls in swap rates and the NZD

Stressful time for European banks

Euro falls after news up to 11 banks from 6 countries failed comprehensive ECB stress tests; BoE split over rate hikes, Oil price on slippery downward slope again

90 seconds at 9 am: Australia squeezed

Canada attacked; SEC rule not tough enough; price rises modest; Australia in tough position in FTA talks; UST 10yr yields rise, oil and gold fall; NZ$1 = US$0.794, TWI = 77.2

What happened Wednesday

Updated
A review of things you need to know before you go home on Wednesday; more mortgage rate cuts, seeking more migrants, fatter home loans, more rail riders, Cullen fund managers underpaid

Positive news sees markets climb

US existing home sales exceed expectations; ECB starts asset purchase program by buying Italian covered bonds; US & European equities up strongly

90 seconds at 9 am: Gold rises

US housing markets recover; ECB may buy corporate bonds; China growth slows, on purpose; UST 10yr 2.21%; oil lower; mortgage rates fall; NZ$1 = US$0.797, TWI = 77.3

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; record migrant arrivals, higher credit card debt, China growth still strong, swap rates fall

Best before: February 2014

Infometrics is wondering if the economy has passed its use-by date. What challenges will the next few years bring?

NZDUSD at top of range

Domestic data releases helps lift NZD; Eurozone current account data weaker; global equity markets mixed

90 seconds at 9 am: Chinese doubts

China growth prospects scaled back sharply; China's Hong Kong fears; France vs Germany, again; Buffett loses again; UST 10yr 2.20%; NZ swaps rise; NZ$1 = US$0.797, TWI = 77.2