MARKET OPEN: Local investors braced for big data day

MARKET OPEN: Local investors braced for big data day
Paul McBeth
A slew of economic figures spanning the Asia Pacific region will occupy investors today, following an upbeat lead from Wall Street. New Zealand’s consumers price index is expected to have shrunk 0.5 percent in the June quarter, slowing the annual pace of inflation to 1.4 percent from the 2.5 percent pace it was running at before the nation was locked down in response to the covid-19 pandemic. The data will be noisy because of the covid impact and ANZ Bank New Zealand economist Liz Kendall and rates strategist Jack Chambers both expect the...

More Economy

Nearly $2b worth of ANZ mortgages overdue
Economy

Nearly $2b worth of ANZ mortgages overdue

That's up from $1.5b the year prior.

Riley Kennedy 08 May 2024
Weak red meat prices drop ANZCO Foods' profit nearly 60%
Economy

Weak red meat prices drop ANZCO Foods' profit nearly 60%

But, unlike other major processors, it still managed to turn a profit.

Riley Kennedy 07 May 2024
ANZ increases cash profit as net interest margins get squeezed
Economy

ANZ increases cash profit as net interest margins get squeezed

ANZ New Zealand has reported a 4% increase in its half-yearly profit despite pressure squeezing its margins.The bank's cash profit increased to $1.15 billion in the six months to March, up from $1.1b in the same period last year, but stable compared to the second half of its...

Riley Kennedy 07 May 2024
Beyond the headlines: Jobs data points to a divided NZ
Economy

Cameron Bagrie: Beyond the headlines: Jobs data points to a divided NZ

Greatest challenge is the pressure jump in joblessness puts on society and economy.

Cameron Bagrie 07 May 2024