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Latest News

Saudi's block OPEC oil production cut

Oil price plunges 6.5%; ECB could ease monetary policy more aggressively to boost inflation and economic growth; NZD trades lower on German inflation numbers

Not opportune time for RBNZ to sell more NZD

Details of NZ deficit constructive and exports better-than-expected; RBNZ sold small amount of NZD but don't jump to conclusions around NZD being at fair value; OPEC agrees to keep oil production target unchanged

While you were sleeping: Oil sinks as OPEC holds

 OPEC holds production targets, gold and other commodity prices drop, surprise German unemployment fall

What happened Thursday

A review of things you need to know before you go home on Thursday; rising sea levels, big trade deficit, RBNZ hands off in October, swap rates keep falling, NZD keeps rising

NZD higher on weaker US data

AUD-USD hits a 4yr low and NZD-AUD jumps to a 4 month high; equities mixed, oil falls

Disappointing US data

NZD makes gains against the AUD as markets bet RBA will cut rates; eyes now on NZ trade balance which might be larger than expected

90 seconds at 9 am: Europe's investment offensive

US data mixed; EU announces NZ$½ tln fiscal 'investment'; usual suspects sued over precious metals price fixing; oil lower; UST 10yr yields down; NZ$1 = 78.8 USc, TWI = 78.5

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Westpac raises credit card rates, mortgage market jumps, Graeme Hart's junk, real national savings, swap rates flatten

Bernard's Top 10

How Europe is turning Japanese; Just restructure the euro-debt; World Bank's dire climate change warning; The Chinese general's tonne of cash; Dilbert

US GDP well above expectations

NZD lower against majors, NZDUSD trading at 78c after falling to 77.6c; US Q3 GDP surprises with strong 3.9% p.a. reading; mixed global equity markets; oil price hammered again

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