Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

HiFX Morning Update, July 26 2017

The NZDUSD opens at 0.7416 (mid-rate) this morning.

The NZD is modestly lower against all the majors except the Japanese Yen overnight. The JPY was the big mover, weakening 0.9% against the US Dollar testing just shy of 112.00

HIFX is hosting a breakfast this morning in Auckland, with RBNZ Assistant Governor John McDermott speaking about monetary policy, economic trends and how they help implement the bank’s flexible inflation targeting framework.

U.S. Consumer Confidence index rose in July to the second highest level in 16 years as Americans shrugged off all the political drama and took heart in the best labour market in a decade. The index rose to 121.1 this month from 117.3 in June. The increase exceeded the 116.9 forecast of economists.

U.S. House Price Index (HPI) is up 0.4% in May from April seasonally adjusted. The previously reported 0.7% increase in April was revised downward to a 0.6% increase. From May 2016 to May 2017, house prices were up 6.9%.

U.S. Major Metro area home prices, an index which covers home prices in 20 cities across the U.S. was up 5.7% in May year over year, a decline from April’s 5.8%.

The U.S. Fifth District Manufacturers composite index rose from 11 in June, to 14 in July, the result of a slight increase in the measures of new orders and employment.

Thursday’s FOMC monetary policy statement is the key focus for the remainder of the week.

Global equity markets are higher with only Asia the exception: Dow 0.52%, S&P 500 +0.34%, FTSE +0.77%, DAX +0.45%, CAC +0.65%, Nikkei -0.10%, Shanghai -0.21%.

Gold prices are down $4 or 0.3% trading at $1,250 an ounce .WTI Crude Oil prices have surged higher, up 3.3% at $47.86 a barrel.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO:

New Report: Waitākere Kauri - Look After It, Or Lose It

With no cure for kauri dieback disease and treatment options still being trialled, the Auckland region faces a very real threat – take urgent action in the Waitākere Ranges or risk losing kauri from our forests altogether. More>>

ALSO: