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


HiFX Morning Update Feb 14

HiFX Morning Update Feb 14

The NZDUSD opens at 0.7278 (mid-rate) this morning.

Ahead of tonight’s eagerly awaited US inflation report direction for the NZD will be dictated by this afternoons RBNZ inflation expectations report.

The Yen is the best performing of the G10 currencies as equity markets turn negative and investors trim their USD long positions and flock to safe-havens.

Overnight UK inflation remained unchanged at 3% in January, the Office for National Statistics report showed core inflation which excludes energy, food, alcoholic beverages and tobacco, rose to 2.7% from 2.5% in December. Both results were ahead of expectations with economists forecasting inflation to edge down 0.1% to 2.9%, while core inflation had been forecast to rise to 2.6% up from 2.5% in December.

Following strong job and wage growth an increase in US core inflation of 0.2% or better is likely to see the Federal Reserve bring forward its plans for tightening and increase treasury yields, it was this possible outcome that led to last weeks’ equity sell-off.

Global equity markets have turned negative - Dow -0.32%, S&P 500 -0.14%, FTSE -0.13%, DAX -0.70%, CAC -0.60%, Nikkei -0.65, Shanghai +0.98%.

Gold prices are up 0.8% trading at $1,325 an ounce. WTI Crude Oil prices have given back yesterday’s gains down 0.8% trading at $59.04 a barrel.

© Scoop Media

Business Headlines | Sci-Tech Headlines


NZ's Space Programme: Rocket Lab Launches NASA Satellites

On Sunday, December 16, 2018 UTC, Rocket Lab’s Electron launch vehicle successfully lifted off from Rocket Lab Launch Complex 1 on New Zealand’s Māhia Peninsula. More>>


Conservation Plan: Celebrity Kiwi Released Into The Wild

One of the nation's most famous kiwi was among four released onto Taranaki Maunga... Atara, a five-year-old male, hatched while David Attenborough's cameras were rolling. More>>


Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>


Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>