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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

NZ GDP rises 1.0% in Sept qtr

GDP rose 1.0% in Sept qtr; slightly stronger than expected; farming and oil exploration grew strongly; GDP up 3.2% from year ago; Previous years revised down

Bernard's Top 10 at 10

How the boomers pulled up the ladder on the young; Of black swans, oil and the rubble of the rouble; America's dis-inflation shock; Clarke and Dawe; Dilbert

Markets absorb FOMC

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

Risk appetite perks up

USD investors pre-positioning for upbeat tone from Fed; market ignored NZ current account deficit growing; decent bounce in oil price improves market sentiment

90 seconds at 9 am: Financial stress widens

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

Wild night for others' currencies

Despite media pounce on lack of NZ surplus, financial markets hardly blinked; NZ looks good to nervous global investors

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

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