A review of things you need to know before you go home on Thursday; no retail rate changes, FMA finds life insurance agent issues, Coleman goes, jobs demand rises, QLD beats NZL to 5 mln, swaps slip, NZD firms More...
US monetary policy remains on a clear tightening path; UST 10 yr yields 3 bps higher on the announcement; USD was already on a weaker path in overnight trading and has made modest losses since the announcement; FOMC sees the NZD back above the 0.72 mark More...
US Fed hikes, says 3 more in 2018; US home sales rise with prices, US C/A deficit swells; EU aims tax on digital companies; small WTO members worried; UST 10yr at 2.92%; oil and gold up; NZ$1 = 72.1 USc; TWI-5 = 73.3 More...
A review of things you need to know before you go home on Wednesday; no retail rate changes, dairy dip, Fonterra writedown, Spierings out, payout raised, migration down, vacancies up, yields in transition, NZD lower More...
Fonterra's orchestration of the announcement of CEO Theo Spierings departure was symphony-like. Here's hoping its next moves around a new CEO and board refreshment are as convincing More...
Fonterra says its board and CEO Theo Spierings 'have agreed' he will leave later this year; international search under way for replacement and candidates now shortlisted More...
Dairy giant Fonterra lifts milk price forecast to $6.55 from $6.40, but forecasts lower dividend; takes $405 mln write-down on value of its Beingmate shareholding More...
NZD trades this morning just under the 0.72 mark and lower on all the key crosses; USD strengthened; EUR is on the soft side, down to 1.2260, reflecting flows more than fundamentals More...
Dairy prices dip; US struggles to fund its government; China electricity use jumps; China targets 11 mln new jobs; German confidence hit; UN says NZ a happy place; UST 10yr at 2.88%; oil up and gold down; NZ$1 = 71.9 USc; TWI-5 = 73.2 More...
A review of things you need to know before you go home on Tuesday; BNZ raises mortgage rates, drops TD rates, consumer confidence holds, lifestyle blocks out of favour, RBA sees higher rates, swaps slip, NZD unchanged More...
US Federal Reserve and RBNZ to announce monetary policy on Thursday; Fed expected to raise rates but RBNZ expected to hold; NZD direction to be driven by central bank announcements and risk sentiment More...
US equities are much weaker, driven by the tech sector; in currencies GBP leads the way while the AUD has underperformed; NZD drifted lower before being supported by USD weakness; local swap rates up 1-2 bps across the curve More...
A review of things you need to know before you go home on Monday; F&P Finance cancelled, Westpac's low-ball offer, PSI slips, very low bankruptcies, economic forecasts, swaps up, NZD down More...
NZD and AUD ended last week on a soft note, with the NZD down 0.8% and AUD down 1.1%; USD indices were slightly up for the day; UST 10yr yield up to 2.84%; NZ rates fell 4-5bps for government bonds and 1-2bps for swaps More...