Here are the key things you need to know before you leave work today.
NZ SUPER FUND RISES
The April result for the NZ Super Fund was a 1.4% gain, taking its annual rise to 18.1%. The Fund is now worth $25.5 billion.
A RARE PICKET
Tanker drivers says they will be picketing an Auckland BP petrol station tomorrow (in Waterview) to press union claims on Toll Northland.
'INVEST IN OUR BANK INSTEAD'
The Greens have called for the Ruataniwha Dam funds to be diverted to their 'green' investment bank.
ACC LEVY CUTS PROPOSED
ACC is proposing significant cuts to motor vehicle levies, including the ACC petrol levy, next year, as well as further reductions to work and earner levies.
MARCH MILK FLOWS STRONG
End of season milk flows were particularly strong this year according to data released today by DCANZ. In fact they were stronger than similar data released by Fonterra earlier in the month suggesting the smaller dairy companies are gaining supplier share.
SERVICE INDUSTRIES EXPANDING
BusinessNZ's PSI index for April shows that service companies are still expanding at a remarkably fast clip.
WHOLESALE RATES STABLE
Swap rates were unchanged today except for 5, 7 and 10 yr terms which were down 1 bp. The 90 day bank bill rate was up 1 bp, now at 3.41%.
OUR CURRENCY
The NZ dollar has fallen today against the USD to 86.2 USc, and risen against the Aussie at 92.6 AUc. The TWI is at 80.3. The Conference Board leading index in Australia came in with disappointing results and we were dragged down with the AUD.
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