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

 

XE Morning Update

The NZDUSD opens at 0.6418 (mid-rate) this morning.

Markets are largely subdued as investors looking ahead to Thursday’s ECB policy meeting for direction.

Yesterday afternoon China’s consumer price index and producer price index data releases for August cancelled each other out with CPI rising 2.8% y/y, marginally ahead of the forecast 2.7% increase while PPI dipped by 0.8% y/y following a 0.3% fall in July. The index was forecast to drop 0.9%.

In the face of ongoing uncertainty around Brexit employment data in the UK remains strong. Late yesterday the Office for National Statistics reported in the three months to July the UK employment rate posted another record high with the data showing employment increased by 31k jobs to 76.1%. Unemployment during the quarter remained at 3.8%, while average earnings including bonus increased 4% and earnings excluding bonuses rose by 3.8%. Both results were ahead of expectations.

With little in the way of economic data releases ahead of Thursday night’s ECB policy statement markets are expected to trade tight ranges.

Global equity markets remain mixed, - Dow -0.18%, S&P 500 -0.44%, FTSE +0.44%, DAX +0.35%, CAC +0.08%, Nikkei +0.35%, Shanghai -0.12%.

Gold prices continue to slide down 0.8% trading at $1,490 an ounce. WTI Crude Oil prices are edging lower down 0.5% to $57.39 a barrel.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

ALSO:

Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

ALSO:

Research: Climate Change Throws Tree Seeding Out Of Sync – New Study

Climate change is negatively affecting tree reproduction by throwing seed production systems out of synchronisation, according to a new international study co-authored by a University of Canterbury scientist. Many tree species worldwide produce large ... More>>

ALSO:


Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

ALSO:

Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>

ALSO: