![]() We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker. That all means our TWI-5 is at 66.7 and little-changed.Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. Against the euro we are now at 57.7 euro cents and also a tad firmer than this morning's open. Against the AUD we are marginally firmer at 88.3 AUc. The Kiwi dollar has held at its lower level to be just over 56.2 USc now. In early Asian trade, gold is at US$1695/oz and very little-changed from this morning and about where it closed at the end of last week in New York. The S&P500 futures suggest that New York will open marginally lower. Shanghai is back after a week's holiday with a flat opening - meaning it missed all of last weeks rises elsewhere. ![]() Hong Kong has started down a very sharp -2.2%. Tokyo has opened its Monday trade down -0.7% so far. The ASX200 is down -1.6% in early afternoon trade. The NZX50 is down a sharpish -1.3% in late Monday trade. The UST 10 year is now at 3.89% and up another +6 bps from this time Friday. The NZ Government 10 year bond rate is now at 4.35%, and up another +6 bps and still above the earlier RBNZ fix for this bond at 4.33% which was up +12 bps from this time Friday. The China 10 year bond rate is unchanged at 2.76%. The Australian 10 year bond yield is now at 3.86% and up another +6 bps from Saturday. The 90 day bank bill rate is up +4 bps at 3.92% the highest since January 2009. Our chart will record the final positions. The key real action comes near the close. Wholesale swap rates are firmer on global trends yet again with some local push now too. The average retreat per dwelling will be more than the -4.7% six monthly figure they report overall. And don't forget, that is after adding in the new houses that are being built and occupied in 2022. It also revealed that the total value of all residential real estate fell to $1.68 tln, the second consecutive quarterly fall, retreating -$82 bln since December 2021, a -4.7% fall so far in 2022. That reveals that house sales in the June 2022 quarter were the lowest since the September 2010 quarter. #Nz us exchange rates seriesThe RBNZ updated its M10 series for data for the June quarter. The current OCR cost is 3.5% but by mid 2022 that will probably have risen to close to 5%. The fist of them ($1 bln) was drawn in December 2020, so these will need to be repaid by December 2023. Banks can have these funds for three years at the OCR rate. The RBNZ has revealed that banks drew down another $470 mln on Friday last week. The Energy sector fell -1.5%, held up by a +5.7% rise by Vector. ![]() Other property listeds fell -0.3% on average and only GMT and Investore rose, and their good rises (up about +4% each), kept the sector falling away more. But the retirement sector fell -1.7% on average with a number falling more than -4% in the week. Fisher & Paykel Healthcare was up +4.2% and Fletcher Building was the biggest gainer, up +6.8%. The top five listeds all rose while many of the smaller listeds fell. Last week's +0.4% rise in the NZX50 capitalisation revealed a size split. The latest Kiwibank household spending data shows that the volume of cash withdrawals is 70% higher than a year ago. There has been a big jump reported in usage of 'real' money. Even allowing for the effect of school holidays, last week's auction numbers were low by any measure, and certainly for the Spring real estate selling season.Ĭash is back. Nationwide residential auction activity slowed slightly in the first week of October. The Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index (GSCI) shows a +9.2% pa rise in September 2022, which will maintain pressure on retail supermarket prices. MORE COST INCREASES MEANS MORE PRICE INCREASESĬost increases from grocery suppliers to supermarkets have risen further in September as suppliers face sustained increases in input costs. The latest survey of retailers shows a still significant number are unsure if their businesses will survive the next year. Retailers see further 5% price increases in the next three months. For the six and 12 month offers, they are matching ASB's recent rises. CFML raised their rate however.īNZ raised its TD rate offers today for terms to 1 year. Only ANZ has moved so far, post the OCR hike. Here are the key things you need to know before you leave work today (or if you already work from home, before you shutdown your laptop). ![]()
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