MARKET OPEN: Kiwi under pressure, corporate earnings in focus

Mon, 10 Aug 2020

The New Zealand dollar is weaker after a solid US jobs report but attention will now shift to local corporate earnings ahead of the Reserve Bank of New Zealand’s rate decision this week. The kiwi was trading at 65.90 US cents at 8am in Wellington versus 66.65 cents at 5pm Friday. The US added 1.76 million non-farm jobs in July, beating expectations of an increase of 1.48 million jobs, according to a Wall Street Journal survey of economists. “The US dollar rebound resumed as jobs data beat expectations and US-China tensions ratcheted up a...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZX on front foot to start May as Infratil rises 3.5%

The Australian benchmark is pulling away from the NZX 50.

Gregor Thompson 5:57pm

Markets

Shareholder challenges NZX to 'reinvigorate' capital markets

Investors should have more options, he said.

Gregor Thompson 3:05pm

Shareholder challenges NZX to 'reinvigorate' capital markets

Primary Sector

Bega Group to Fonterra: Let us bid

Billionaire Twiggy Forrest is the largest shareholder of the Aussie dairy company.

Riley Kennedy 2:45pm

Sponsored

“Not an invisible footprint”: Why technology supply chains need optimising

Outdated hardware is a supply chain and cost risk.

Datacom

Sponsored

Bayleys Total Property Issue 3 out now

Backed by Bayleys’ national strength and global reach

Bayleys

More Markets