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What happened today

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

Immigration boom remains intact

Immigration net annualised gain of 56,000 exceeds previous highs in 2002/03; EUR weaker as ECB commences asset purchase program; AUD surges on Chinese data

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

How to think about fixed vs floating

Now that banks are cutting fixed rates again, Bernard Hickey looks at how to think about whether to fix or float, and how long bank economists think the RBNZ is 'on pause'

Key details Government's plans

Updated
Key lists Governments plans for reforms of social housing, social welfare, RMA, first home buyer rules, labour laws and trade agreements in third term

NZDUSD at top of range

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

Markets regain composure, for now at least

Ongoing global growth concerns created volatility in the early part of last week but by the end nerves were calmed by better than expected US data

Strength across the board

Recent data shows 'NZ economy is on a very sound footing' says BNZ, expects NZD to hold its value better than the AUD

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