14+ hour, 56+ min ago  (973+ words) Statistics NZ's April'Selected Price Indexes (SPI) suggest inflation is perhaps not as high as feared yet, economists say, but still well above the Reserve Bank's 1% to 3% target range. Westpac NZ senior economist Satish Ranchhod says prices were a bit better…...

1+ day, 19+ hour ago  (762+ words) As we head into winter, financial markets are signaling that interest rates will be rising further. Inflation's threat from the expected long-term fallout from Donald Trump's Gulf War is driving the upward expectation. Markets have come to accept that the…...

2+ day, 3+ min ago  (1875+ words) Here's our summary of key economic events overnight that affect New Zealand with news commodity markets are signaling more intense stress with copper and sulphur jumping to new all-time highs and aluminium jumping to near its brief pandemic spike. Tightening…...

1+ day, 22+ hour ago  (440+ words) The housing market is looking particularly soft, with sales numbers and prices both falling as it heads into winter. According to the Real Estate Institute of NZ, 6262 residential properties were sold throughout the country in April, -21. 2% compared to March and…...

2+ day, 23+ hour ago  (372+ words) Risk sentiment is weaker, with hope fading for a US-Iran peace deal, higher US CPI inflation, bubbling political risk in the UK and a chunky fall in semiconductor stocks all weighing." US and European equity markets are lower, global rates…...

3+ day, 17+ hour ago  (495+ words) The Government is pushing Kiwibank's parent company, Kiwi Group Capital Limited, to develop alternative growth scenarios for the bank along with the capital required for these, after Kiwibank ditched its proposed $500 million capital raise late last year. In December, Kiwibank…...

4+ day, 23+ hour ago  (525+ words) Summary of key points: - The NZ dollar finally broke out above its previous resistance point at 0. 5920 this last week. The next major level to climb above is 0. 6000, which the NZD/USD exchange rate has not traded above since mid-February, just…...

1+ week, 23+ hour ago  (828+ words) Here's our summary of key economic events overnight that affect New Zealand with news American households are struggling as inflation pressures consume their reserves. In the US there were 181, 000 new initial jobless claims last week, about what seasonal factors would…...

1+ week, 1+ day ago  (299+ words) ADP reported a 109k increase in private US payrolls in April, only slightly below the consensus estimate, although forecast errors versus the official payrolls data have been large. The median estimate for Friday night's official release is a 75k increase in private…...

1+ week, 2+ day ago  (955+ words) Although New Zealand has one of the world's highest levels of residential property insurance coverage, the Reserve Bank (RBNZ) says rising rebuild costs, climate change and'improved modelling of seismic hazards are leading to rising premiums and increasingly impacting insurance affordability…...