First home buyers likely accounted for more than a third of property purchases in February but high levels of low equity mortgage lending could foreshadow future problems

ANZ-Roy Morgan survey shows big fall in consumer confidence, rise in inflation expectations

Here are the key changes to know about in the New Zealand equity market; Serko, Hallensteins, a2 Milk and EBOS lead the gainers, as Gentrack, Property for Industry, Freightways and NZX suffer broad declines

OECD sees modest growth but higher inflation; US data mixed; UST auctions bring higher yields; Norway holds but now sees rate rises; global freight rates rise only modestly; UST 10yr at 4.42%; gold falls; oil rises; NZ$1 = 57.7 USc; TWI-5 = 61.6