by Warren Head | May 26, 2022 | Featured, Free, Latest News
26.5.22 The international freight forwarder and logistics group Mainfreight has notched up another record result and a ‘more than satisfactory’ improvement on the prior year. Revenue in the FY22 year has bounced 47.2% or $1.67 billion to $5.22 billion. Profit before...
by Warren Head | May 26, 2022 | Currency, Economy, Money Market
The RBNZ sprung a hawkish surprise at the MPS yesterday, significantly revising up its forecast OCR track to show a peak of just under 4%, notes BNZ Markets. NZ rates moved sharply higher as a result, with the market moving to broadly align itself with the RBNZ’s new...
by Warren Head | May 25, 2022 | Daily Market Report Australia
25.5.22 Despite a mixed lead from Wall Street overnight, the Australian sharemarket finished 0.4 per cent or 26 pts higher, to 7155.2. Banks were noteworthy winners and were supported by a lift in US treasury yields and a hike in the New Zealand interest rate. Notes...
by Warren Head | May 25, 2022 | NZ Market Daily Report
The tone on NZX reversed today following the decision by the Reserve Banks monetary policy committee to lift the official cash rate 50bps to 2%. Though widely expected by economists as the only direction the OCR could take with inflation on the rise, the market read...
by Warren Head | May 25, 2022 | Economy, Latest News, Money Market
The Monetary Policy Committee today did exactly what the market had expected and increased the Official Cash Rate (OCR) to 2.0%. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support...
