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TWI

What happened Friday

A review of things you need to know before you go home on Friday; immigration pace picks up, job ad growth very localised, oil price dives, credit card use rises, swap rates jump and steepen

Fed will bide their time with rate hikes

Fed states unlikely to hike interest rates before April; NZ annual Q3 GDP lower-than-expected; global equities stronger as oil price continues to slide

90 seconds at 9 am: Wall Street rallies

US stocks up on lower jobless claims; Swiss impose negative rates; Aussie supermarkets reprise tough stance on suppliers; UST 10yr yields jump; oil falls; NZ$1 = 77.5 USc, TWI = 78.4

What happened Thursday

A review of things you need to know before you go home on Thursday; solid Q3 growth, FMA warning, new IRD powers, swap rates rise, NZD a little weaker

Markets absorb FOMC

NZD slightly higher on FOMC decisions, inflation low with gold and oil steady

90 seconds at 9 am: Financial stress widens

Updated
US Fed chooses 'patience'; US inflation falls; the ruble stabilises on official support; UK banks in stress tests; UST 10yr yield 2.08%; oil and gold unchanged; NZ$1 = 77.3 USc, TWI = 78

What happened Wednesday

A review of things you need to know before you go home on Wednesday; BOP surprise, dairy prices stop falling, more mortgages approved, swap rates lurch down again

NZD up with dairy prices

Currency markets all focused on Russia and Europe; stocks higher, oil and gold lower

90 seconds at 9 am: Dairy prices up

Dairy prices rise; US building permit growth slows; US factories expand, contract in China; Russia makes panic rate hike; UST 10yr yield 2.05%; NZ$1 = 77.9 USc, TWI = 78.3

What happened Tuesday

A review of things you need to know before you go home on Tuesday; houses more unaffordable, lower farm sales, more cows, fewer job losses, no surplus yet, Russia in crisis