Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

The NZDUSD Opens At 0.6399 (mid-rate) This Morning.

News That China Are Encouraging Some Of Their Larger Companies To Resume Industrial Production Is Having A Positive Effect On Markets With Risk Appetite Increasing Over The Past 24-hrs.

Although The Number Of Confirmed Cases Continues To Climb, As Of This Morning There Are More 42,500 Confirmed Cases, China Is Reporting The Daily Rate Of Confirmed Cases Has Fallen By 19% Helping Spark The Increase In Risk Appetite.

This Morning Federal Reserve Chairman Jerome Powell Reiterated That There Would Be No Imminent Changes To Monetary Policy Noting That Uncertainties Around Trade Have Diminished Following The Signing Of The Phase One US-China Trade Deal. Powell Described The US Economy As Resilient To Global Headwinds, With Economic Activity Increasing At A Moderate Pace Over The Second Half Of Last Year. The Fed Are Also Closely Monitoring The Coronavirus Outbreak “which Could Lead To Disruptions In China That Spill Over To The Rest Of The Global Economy," Powell Said.

This Afternoon The RBNZ Are Widely Expected To Keep The OCR Unchanged With Investors Interested In Whether The Accompanying Statement Will Focus On Recent Improvements In Our Economic Data Or The Near-term Risks Around The Coronavirus Outbreak.

Global Equity Markets Have Bouncing Back, - Dow +0.10%, S&P 500 +0.38%, FTSE +0.71%, DAX +0.99%, CAC +0.65%, Nikkei Closed%, Shanghai +0.39%

Gold Prices Are Marginally Lower, Down 0.7% Trading At $1,565 An Ounce. WTI Crude Oil Prices Have Retraced Yesterday’s Fall And Are Currently Up 1.8% At $50.44 A Barrel.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.