Official Cash Rate Unchanged
Sanford on Steady Course
Comvita Wins Patent Appeal
Energy Mad Earnings Warning
The NZ sharemarket surged 13c points higher today to close at 3295 buoyed by a strong rise by Fletcher Building. ...
DNZ Property Fund Limited today sent a letter to New Zealand resident shareholders who hold 15,000 DNZ shares or less offering to facilitate the sale of their shares on the NZSX on a ...
[PREMIUM] British economists are fearful that Britain is heading for its first double-dip recession in 37 years. ...
Accounting software company Xero produced the surprise of the day with a market announcement on revenue prospects and quickly followed by a sharp rise by the company's share price on NZX ...
The Reserve Bank has implicitly pushed out the expected timing of rate hikes, beyond the June start date that was projected in the December Monetary Policy Statement, says Dominick Stephens, chief economist at Westpac. ...
[PREMIUM] So much has happened of interest in the past week that we have to be disciplined to ensure we don’t overdo this introduction. ...
Chief Economist Dominick Stephens presents economic insights in this bite-sized weekly video. Inflation is falling thanks to the strong exchange rate. The Reserve Bank will be pretty comfortable and may delay OCR hikes, but not ...
[PREMIUM] Kiwi inflation came in well below expectations, falling by -0.3% in Q411, to be only 1.8% higher over the year (market had +0.4% q-o-q and +2.6% y-o-y). HSBC asks whether this means interest rates ...
ANZ New Zealand is calling for a change to the terms and conditions that govern the default KiwiSaver provider schemes to prevent a potential $14 billion retirement savings time bomb, as savers continue to be ...
Fourth Quarter GDP numbers in the United States disappointed the market – though from our perspective 2.8% growth is a far better place than where the US was not so long ago! ...
The Australian sharemarket managed to improve for the second time this week and for the fourth consecutive week, says Steven Daghlian, Commsec Market Analyst ...
The Boeing Company (NYSE: BA) has reported fourth-quarter net income rose to $1.4 billion, or $1.84 per share, on revenue of $19.6 billion. ...
The Australian sharemarket ended higher today for the first time this week, with the All Ordinaries index (XAO) rising by 1 pct or 42.7 pts to 4329.1, says Steven Daghlian, Commsec Market Analyst. ...
The NZ sharemarket rose 12 points today to 3280 on the NZX50 index prompted by a strong lift by Fletcher Building shares. ...
[PREMIUM] Pumpkin Patch reeled in losses by cutting its UK stores adrift last week. Market reaction was positive and one leading brokerage said it was not all doom and gloom for the iconic Kiwi retailer. ...
[PREMIUM] Australian Bureau of Statistics data for November showed seasonally adjusted international resident departures were down 0.6% on October, and trend growth has declined from 8.6% as at the end of October to 8.1%. ...
[PREMIUM] Fortescue Metals Group will report its 4Q10 production results on Tuesday 17 January and analysts are weighing up the prospects. ...
[PREMIUM] Analysts have been looking for what they can retrieve from the Alcoa result. This included an assessment of ASX-listed Alumina. ...
[PREMIUM] Fletcher Building rose on the NZX market today after broker analyst comment on the stock. ...
Overall, the NZ market’s reaction to the US FOMC meeting and subsequent RBNZ meeting was relatively muted, says BNZ market strategist Kymberly Martin ...
There was a gentle further rise in NZ yields yesterday, says Kymberly Martin, markets strategist at BNZ. ...
There was not a lot going on in NZ markets yesterday, says BNZ markets strategist Kymberly Martin. Yields closed a little higher, with the swap curve slightly steeper. ...
The recent easing in inflation pressures will see the Reserve Bank strike a conciliatory tone alongside an onhold decision in this Thursday’s OCR review, says Westpac chief economist Dominick Stephens.. ...
It was an interesting day in NZ markets says Kymberly Martin, markets strategist at BNZ. A low side surprise on NZ CPI saw yields fall across the curve. The DMO auction attracted very strong demand. ...
The RBNZ, in holding its Official Cash Rate (OCR) at 2.50% yesterday, effectively watered down its tightening bias, says BNZ markets strategist Mike Jones. ...
Expect the NZD to remain in a state of situational analysis as market participants continue to digest yesterday’s US FOMC announcement, says David Croy, ANZ interest rate strategist. ...
After spending most of the night in decline, the NZD/USD shot up around ¾ cent this morning as investors bashed the USD following a surprisingly dovish FOMC statement, says Mike Jones markets strategist at BNZ. ...
A continued struggle for the NZD today is expected, says David Croy interest rate strategist at ANZ. ...
Having surged to three month highs above 0.8130 on Tuesday, the NZD/USD has spent the past 24 hours beating a volatile path lower, says Mike Jones, currency strategist at BNZ. ...
What happened to the property markets in December? This commentary is from Brian White, Chairman - Ray White Group, Australasia. ...
The Auckland housing market finished the 2011 year strongly, with the average December selling price climbing to $573,071, up 1 percent or more than $5500 on November’s average price, and the second highest average sales ...
Miami, FL – Sales of existing single-family homes in the Miami Metropolitan Statistical Area (MSA) rose 11% in November, from 679 to 755, compared to November 2010, according to the 25,600-member MIAMI Association of REALTORS ...
The Real Estate Institute’s October report reversed some of the gains in the September quarter as prices eased and Treasury’s measure of seasonally adjusted sales fell. ...
Interest in the Auckland housing market returned with a surge in November, with sales numbers increasing sharply and prices registering their largest one month increase since March.. ...
[PREMIUM] The 2012 outlook for commodities bears some similarities to 2009, in that we are entering the year with a very fragile outlook, says Standard Chartered Bank in London. ...
Fonterra announced today an increased payout forecast range for the 2012 season of $6.90-$7.00 for a fully shared up farmer, up 20 cents on the previous forecast. ...
Brazil´s largest mining company, and one of the world’s largest, Vale SA has agreed to a lower fixed price of iron-ore shipments in for delivery in the current quarter by 20%-25%, due to a fall ...
The ANZ Commodity Price Index dropped 1.0% in November, the sixth consecutive monthly decrease, says Steve Edwards, economist at ANZ. ...
PGG Wrightson Wool Ltd has transferred the assets of the international Wools of New Zealand Limited (WNZ) and Laneve(TM) brands into the Wools of New Zealand Trust (the Trust), a 100% grower owned entity. ...
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VIDEO REPORTS UPDATED THROUGH EACH TRADING DAY: Headliner.co.nz is pleased to bring viewers this service by special arrangement with Commonwealth Securities in Sydney. Viewers can link to an Australian perspective of the financial markets through CommSec's regular updates throughout the trading day.
Perspective from Australia Foundation Investment
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The Gold Trend
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Energy Mad Interview
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We open 2012 with a review of the best and worst performers of 2011 on NZX, look at where 2012 markets might go here and in Aussie and peek at the prospects for commodities. We
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What are Air NZ's prospects for 2012? Is Chorus a single focus business? Where is Telecom headed now? How F&P Healthcare is handling the currency issue? Will we soon see the Son of Salvus?
...The NZX-50 closed up 0.7% at 3239.5 as markets were buoyed by offshore leads, said First NZ Capital. Methven finished 6.7% higher at NZ$1.11 after 1H net profit, although down 25% on year at NZ$3.2
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Ih this issue we comment on the Trade Me share offer, the fiercely rebuffed takeover bid for Comvita and look at the strategic importance of Auckland to SKYCITY. The issue updates on the underlying restraints
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New Zealand Dollar Exchange RateMarket Report 28.1.12
Global equity markets crept higher this week, despite the continued machinations of the Greek debt situation and sabre rattling at Davos by Angela Merkel, says Forsyth Barr.
The NZX50 followed this trend by gaining +0.6% to close at 3,295, albeit on low volumes impacted by holidays in the US, Asia and Australia.
Rakon had a renaissance week, gaining +28.8% to trade back up to levels not seen since November last year. At the bottom end of the field, Cavalier (-7.8%) and Fisher & Paykel Healthcare (-7.8%) fought it out for bottom rung on the ladder, with the latter’s price being impacted by a further rise in the NZD.
The RBNZ was widely anticipated to leave the Offi cial Cash Rate unchanged at 2.5% this week and that is exactly what it did, producing a statement with entirely predictable content; export prices up but the NZD taking the edge off this benefit, a domestic economy still producing modest growth and Canterbury reparation work providing a boost at some stage but timing still uncertain. It still seems that interest rates will be on hold for the bulk, if not all, of 2012, but not as long as the Fed gave indication of this week, with indications that rates will remain “low” in the US until 2014.
