RBNZ Archives - Page 3 of 3 - The Industry Spread

Asian Stocks Higher amid Positive Reports Regarding the Trade Talks

February 13, 2019

Optimism emerges in US-China trade talks and traders throw bids in Asian markets with Tokyo’s main index adding 1.31 percent to 21,144 making to eight weeks high, the Hang Seng in Hong Kong rose 1.16 percent to 28,497 and Shanghai Composite index advanced 1.84 percent to 2,721. The Aussie ASX 200 index shed 0.3 percent to 6,063. US Dollar index trading flat at 96.73.  The crude oil rose 50 cents to $53.60/barrel, and Brent oil gained 53 cents to $62.95/barrel. Gold is adding two dollars to $1312.65.

Nikkei Closes Lower, NZDUSD Plummets to 0.6745

February 7, 2019

Japanese main stock index Nikkei 225 finished 0.59 percent lower at 20,751 on concerns over the Sino-US trade war while South Korea’s Kospi rose 0.3 percent to 2,209.76 and New Zealand’s NZX index finished 0.8 percent higher. Aussie stocks have extended its winning streak to four days, hitting fresh four-month highs with the ASX 200 adding 1.1 per cent to 6,026 thanks to gains across all sectors. NZDUSD took a hit on the chin after a weaker-than-expected New Zealand labor market data raised the odds of an RBNZ rate cut.

FMA and RBNZ Report on Bank Conduct and Culture

November 9, 2018

The Financial Markets Authority and Reserve Bank of New Zealand have completed their joint review into the bank conduct and culture of 11 New Zealand banks. The review is the first of its kind in New Zealand