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

 

XE Morning Update - October 25, 2019

The NZD opens at 0.6379

The Kiwi is still range bound in the short term. It went and tested the recent highs, but has since drifted off. We had a lot of manufacturing data out of both Europe and the States, but this came in fairly mixed, with no clear trend either way.

All eyes turn to the UK, or to be more accurate, to the heavens. The latest is Boris is calling for a December 12 election. This will need a 2 thirds majority to get through Parliament, with Labour saying they will back the election once a no-deal is ruled out. If this goes through, an election will be very interesting in terms of who campaigns on what. The sad thing is you can bet money on at least one party campaigning on getting a better deal out of the EU. It does not give much confidence that the expected extension to Jan 31st will indeed be the last (whatever the politicians say).

From a data point of view, if not sport, there is not too much expected over the weekend. It is a New Zealand Public holiday on Monday, though we will still be in, settling most other currencies.

Global equity markets are slightly up, - Dow -0.18%, S&P 500 +0.02%, FTSE +0.93%, DAX +0.58%, CAC +0.55%, Nikkei +0.55%, Shanghai -0.02%

Gold prices are up 1.1% to $1,506 an ounce. WTI Crude Oil prices are up a similar amount, now trading at $56.19 a barrel.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Consumer NZ Testing: Nine Sunscreen Brands Fail Protection Tests

Nine different brands fell short in the latest round of testing by Consumer NZ, which covered 20 products. More>>

ALSO:

Media: NZME 'In Discussions' To Buy Stuff

NZME confirms that it is in discussions with Stuff’s owners Nine and has put a proposal to the Government regarding a possible transaction. However, NZME notes that these discussions are preliminary... More>>

Consultation: Plan Of Action To Protect Seabirds

The draft National Plan of Action plan outlines the Government’s commitment to reducing fishing-related captures of seabirds, with clear goals and objectives, supported by an implementation plan. More>>

ALSO:

Housing Issues: Fairer Rules For Tenants And Landlords

The key changes include: - Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords. - Improve tenant’s security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement... More>>

ALSO: