HOT TOPICS:   OCR  |  Mortgages   | NZ$                                                                        RESOURCES:    Economic calendar   |   Farms for sale

Silver Fern Farms heaves sigh of relief

Allan Barber looks behind the latest Silver Fern Farms profit result and its change of senior managers, assessing the options for its future

90 seconds at 9 am: US grows strongly

US grows strongly in Q3; lowest jobless claims in 14 yrs; oil output surges to 30 yr high; banks back in firing line; Brazil raises rates, gold sinks; NZ$1 = US$0.785, TWI = 76.5

RBNZ drops talk of future rate hikes

Updated
RBNZ drops comment on further rate hikes in dovish statement; warns again on high NZ$; currency and swaps fall further; economists react; Greens attack RBNZ

90 seconds at 9 am: US Fed ends QE

US Fed ends money printing, still holding US$3.6 tln; China to support six industries; stocks and gold fall; oil and UST 10yr yields rise; NZ$1 = US$0.786, TWI = 76.5

The Weekly Dairy Report

Dry in the south but at risk areas mainly under irrigation

90 seconds at 9 am: Apple Pay a hit

US consumer confidence jumps; factory orders dip; homeownership rate falls again; Apply Pay zooms; Japan retail surges; UST 10yr yield 2.28%; NZ$1 = US$0.79.3, TWI = 76.9

The Sheep Deer and Cattle report

First of the spring lambs are being harvested but numbers are light

Corporate bond issuance opportunities being neglected

Roger J Kerr points out there is a good opportunity for corporates to issue significant new fixed income bonds, but he also sees the inhibitions

Groser fears US/Japan dairy side-deal

Groser concerned US and Japan may do side-deal on dairy that ignores NZ; Key cautious; Spierings confident on payout; sees 'peak cow' in 10 years

Kiwi dollar holds its ground despite lower interest rate outlook

Roger J Kerr says that despite an expected dovish RBNZ Statement this week, 3% economic growth when inflation is 1% means real wealth is being created and that will support the NZD

90 seconds at 9 am: ANZ cocks up

Key US sectors moderate; euro banks mostly pass stress tests; ANZ shares in trading halt; UST 10yr 2.26%; oil price falls; NZ$1 = US$0.79.0, TWI = 76.7

Monday's Top 10

David Chaston on a fiscal wormhole; distorted values; big bribes; dangerous speeds; the huge growth in energy; reversion to the mean; Hunter S. Thompson; Dilbert & more

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

Changes afoot in Japanese rice farming

Allan Barber wonders if the long-standing reluctance of Japan to open up its markets to agricultural imports may be coming to an end as its rice farming 'rots from the inside'

OCR seen on hold until Sept 2015

Updated
CPI up just 0.3% in Sept qtr and 1.0% for the year; well below economists' forecasts; NZ$ drops half a cent to 78.7 USc; OCR seen firmly on hold until September 2015

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

The Weekly Dairy Report

Good feed conditions at present but some nervousness for summer production

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

Dairy inspections find disappointing practices

Updated
Council says some dairy farmers determined not to accept stewardship responsibilities to farm in ways that are compliant with Otago’s most basic and most important waterway protection rules

The Sheep Deer and Cattle Report

No credible alternative offered in red meat restructure states Alliance chief

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'

Re-thinking our plan?

New Zealand needs to tread carefully because many aspects of Australia’s Plan B with China will run into New Zealand’s Plan A. Professor Ang suggests how we can still benefit

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

90 seconds at 9 am: Chinese doubts

China growth prospects scaled back sharply; China's Hong Kong fears; France vs Germany, again; Buffett loses again; UST 10yr 2.20%; NZ swaps rise; NZ$1 = US$0.797, TWI = 77.2

Bond markets over-react to Ebola scare

Roger J Kerr reviews a bond market on edge, spooked by many things including some non-economic ones. But it is economic fundamentals that show the real direction