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What happened Friday

A review of things you need to know before you go home on Friday; BNZ special, record deficit, unhappy staff at ANZ, Heartland loses a top official, high LVR lending jumps, swap rates rise and steepen

NZD falls sharply following CPI data

Benign inflation result means RBNZ in no hurry to hike rates; positive US data boosts USD; equity markets higher overnight

90 seconds at 9 am: WMP prices rise

US jobs picture brightens; factories stronger except in France; UST 10yr 2.28%; gold lower; WMP prices up; NZ$1 = US$0.782, TWI = 76.2

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