Roger J Kerr assesses what the relative performances of the NZ and AU economies mean for the NZD/AUD cross-rate. And he notes financial markets start to rethink the Fed’s next move with interest rates

Here are the key changes to know about in the New Zealand equity market; NZX50 starts the week in positive territory with strong gains from Vista Group, Vulcan Steel, Infratil and Ryman despite falls in Tourism Holdings, Air NZ, Napier Port and Oceania

China service sector expands; Japan service sector positive but subdued; Vietnam growth high but not high enough; question over US growth; OPEC meets; UST 10yr at 4.49%; gold and oil stable; NZ$1 = 57.1 USc; TWI-5 = 60.9

Barry Eichengreen compares SpaceX and other coming mega-IPOs to what followed that of Nippon Telegraph and Telephone in 1987