MARKET CLOSE: NZ shares edge lower; power companies under pressure
By Paul McBeth | Fri, 15 Nov 2019
New Zealand shares edged lower as electricity companies remained under pressure as the future of the Tiwai Point smelter remains uncertain and after a weak operating update from Contact Energy. Th...
NZ dollar rises as bets on another OCR cut fade
By Jenny Ruth | Fri, 15 Nov 2019
The New Zealand dollar rebounded amid renewed debate on whether the Reserve Bank will cut interest rates again from current record lows at the same time as the market increased the odds of two more ra...
NZ dollar slips on slew of weak global data, lack of US-China progress
By Gavin Evans | Fri, 15 Nov 2019
The New Zealand dollar softened further overnight, with a string of weak economic data and the lack of progress on China-US trade weighing on sentiment. The kiwi was trading at 63.63 US cents at 8a...
MARKET CLOSE: NZ shares recover as investors re-think RBNZ review
By Paul McBeth | Thu, 14 Nov 2019
New Zealand shares recovered some of yesterday’s sell-off as investors digested the impact of the Reserve Bank's announcement yesterday of an unchanged 1 percent cash rate on high-yield stocks. The...
NZ dollar falls on weak Aussie jobs numbers, poor China data
By Jenny Ruth | Thu, 14 Nov 2019
The New Zealand dollar was weaker, dragged lower by unexpectedly weak jobs numbers in Australia and a raft of soft Chinese data. The kiwi was trading at 63.88 US cents at 5pm in Wellington from 64....
NZ dollar extends gains, aided by US-China trade doubts
By Gavin Evans | Thu, 14 Nov 2019
The New Zealand dollar extended its gains overnight, with weaker prospects for an early US-China trade deal building on gains from the Reserve Bank’s surprise decision yesterday to hold interest rates...
MARKET CLOSE: NZ shares sink after RBNZ keeps OCR at 1%
By Victoria Young | Wed, 13 Nov 2019
New Zealand shares fell after the Reserve Bank surprised investors by keeping the official cash rate at 1 percent, meaning stocks held for reliable dividends didn't become even more attractive from ev...
NZ dollar, swaps jump as RBNZ unexpectedly keeps OCR at 1%
By Paul McBeth | Wed, 13 Nov 2019
The New Zealand dollar and swap rates jumped after the Reserve Bank surprised investors by keeping the official cash rate at 1 percent. The kiwi rose to 63.90 US cents at 5pm in Wellington from 63...
NZ dollar stalled ahead of expected rate-cut decision
By Gavin Evans | Wed, 13 Nov 2019
The New Zealand dollar stalled overnight with no material drivers in international markets ahead of the Reserve Bank's local rate decision later today. The kiwi was trading at 63.37 US cents at 7:5...
MARKET CLOSE: NZ shares gain as Mercury wind farm has investors revisiting smelter fears
By Paul McBeth | Tue, 12 Nov 2019
New Zealand shares edged higher as Mercury NZ's decision to press ahead with the second stage of what will be the country's biggest wind farm had some investors revisiting their fears of the energy-hu...
NZ dollar falls as waning inflation expectations boost odds of OCR cut
By Jenny Ruth | Tue, 12 Nov 2019
The New Zealand dollar fell after a survey showed inflation expectations remain anchored well below the Reserve Bank's target, making it more likely the central bank will cut interest rates again tomo...
NZ dollar gains amid heightened China concerns
By Gavin Evans | Tue, 12 Nov 2019
The New Zealand dollar firmed as doubts about the pace of an interim China-US trade deal and renewed violence in Hong Kong weighed on sentiment.The kiwi was trading at 63.69 US cents at 8am, from 63.4...