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

 

HiFX morning Update, March 13, 2019

NZDUSD 0.6867 0.7%
NZDEUR 0.6080 0.2%
NZDGBP 0.5248 1.0%
NZDJPY 76.39 0.7%
NZDAUD 0.9695 0.3%
NZDCAD 0.9179 0.3%
GBPNZD 1.9055 -1.0%


The NZDUSD made gains overnight as the USD slipped after tame US inflation data supported the US Fed’s ‘patient’ stance on further interest rate hikes.

US CPI (consumer price index) rose a modest 0.2% in February, while the ‘core’ CPI (which excludes volatile food and energy components) edged up 0.1% - the smallest rise in August 2018. The annual CPI gain was 1.5%, which is the smallest rise in nearly 2 ½ years.

US-China trade talks continue to make headway, although a final agreement, assuming they get one, is still weeks away.

The GBP fell in volatile trading after the UK’s attorney general said, despite ‘binding’ assurance from EU, Britain could still be permanently locked into the Northern Ireland ‘backstop’.

The UK parliament has just voted down Prime Minister May’s Brexit latest withdrawal agreement. They will now have another vote on Wednesday on whether to leave the EU without a deal. If that fails, parliament will vote on Thursday on whether to extend the Brexit deadline – more fun and games!

Yesterday’s Australian Home Loans and Business Confidence data disappointed, which helped nudge the NZDAUD towards the 0.9700 level.

NZ Food Price Index hits the wires at 10:45am today – not likely to be a market-over.

Global equity markets were mostly higher on the day - Dow -0.2%, S&P 500 +0.5%, FTSE +0.3%, DAX -0.2%, CAC +0.1%, Nikkei +1.8%, Shanghai +1.1%.

Gold prices gained 0.6% to USD$1,299 an ounce, while WTI Crude Oil prices rose 0.3% to US$56.74 per barrel.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




REINZ May Data: House Price Rises Continue; Auckland Hits New Record Median Price Again

Median prices for residential property across New Zealand increased by 32.3% from $620,000 in May 2020 to $820,000 in May 2021, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand... More>>

Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>


E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>



Auction: 1.4 Million In Rare Vintage Watches, Gems, Jewels & Diamonds Go Under The Hammer At Webb’s

An auction event showcasing over 1.4 Million dollars in rare jewels, gems, diamonds and vintage watches is due to take place this Sunday by Auckland based auction house Webb’s... More>>

Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>