HOT TOPICS:   2015 series  |  Oil   | Macro-prudential tools                                   RESOURCES:    Economic calendar   |   Cashback incentives

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

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

Reflecting back and looking ahead

Professor Ang looks ahead to what is in store for China in 2015 and how 2014 and 2015 will impact New Zealand businesses

The Weekly Dairy Report

Positive movements at auction but a long way to go for budgets to break even

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

Farm sales steady but dairy units slide

Lower milk prices hit dairy farm prices but one Waikato property sells for more than $109,000 per hectare setting a new record

The Sheep Deer and Cattle Report

Velvet prices rise but all other products ease on traditional summer market cycles

Treasury forecasts deficit in 2014/15

Treasury forecasts NZ$572 mln OBEGAL deficit for 2014/15; surplus of NZ$575 mln in 2015/16; English says will get to 2014/15 surplus anyway; 'won't slash and burn' to hit target

Lifting the average is the key

Allan Barber wonders if the focus on processor industry reform is the key to better returns; perhaps the real solutions are to be found on-farm

90 seconds at 9 am: Rates flatten

US factories humming; wage push coming in Japan; Russia in tough spot; Bright Foods boss corrupt; swap curve flattens; oil price down again; NZ$1 = 77.7 USc, TWI = 78.3

Fonterra forecast 'credit negative' for NZ banks

Moody's wary of potential impact on banks of reduced Fonterra payout, but doesn't expect return to 2010 level of non-performing loans

NZ$ volatility to continue in 2015

Roger J Kerr offers his forecasts for currency movements in 2015, sees global risk sentiment turning negative, US raising rates in Q3, WMP prices recovering. Your view?

Monday's Top 10

David Chaston on the auditor problem; Chinese corruption; German savings mobility; why banks need less leverage; visualisation porn; poverty progress, Japanese banks; Dilbert & more

90 seconds at 9 am: Abe's big win

US confidence high; Abe wins re-election in landslide; China sees lower growth; bond yields slump; oil prices dive again; gold price stable; NZ$1 = 77.7 USc, TWI = 78.3

Mymilk likely to get up noses of Fonterra shareholders

Allan Barber is incredulous about the MyMilk offer from Fonterra, even more interested to know what Fonterra shareholding suppliers think

90 seconds at 9 am: Central bankers act

US retail sales rise briskly; Russia raises rates again; China pumps in $85 bln; RBA says no rate cuts coming; NZ$1 = 78 USc, TWI = 78.7

RBNZ not planning more Macro-Pru

RBNZ scotches talk it may develop new Macro-Prudential measures to control Auckland house price inflation; says Auckland now just a big supply-side problem

Pre-existing prejudices 'confirmed'

First review of the Sustainable Dairying Water Accord provides fodder for both sides of the rural water quality debate

RBNZ stays tight, NZ$ jumps 1c

RBNZ holds OCR as expected at 3.5%; reduces 90 day interest rate forecast track by 40 bps; warns again that NZ$ is unjustifiably high; NZ$ jumps 1 USc; Wheeler surprised

90 seconds at 9 am: More oil turmoil

American economy stronger; China inflation lower; NZ swap rates fall; oil price drops again; oil demand falling; AU mothballing electricity plants; NZ$1 = 77.1 USc, TWI = 77.5

December log market report

Export log prices rise modestly as Chinese investment in processing rises and excess stocks continue to fall; urbanisation pace not slacking. Local NZ markets in 'good health'

The Weekly Dairy Report

Fonterra drops payout by 60c as budgets get even tighter

Fonterra cuts payout forecast 60c/kg

Fonterra cuts payout forecast for 2014/15 to eight year low of $4.70/kg; National income seen down more than NZ$6 bln; NZ$ drops half a cent to 76.6 USc; Fonterra may top up dividend

Fonterra payout cut by NZ$0.60/kgMS

Fonterra's 2014-15 payout forecast reduced to $4.70/kgMS from $5.30; NZD falls in immediate reaction