No changes to report today. Update: Westpac has lowered one fixed rate and raised four others. More here<\/a>.\u00a0All rates are here<\/a>. And note, you can compare mortgage offers with our new calculator that takes into account other costs and cashback incentives, here<\/a>.<\/p>\n
TERM DEPOSIT\/SAVINGS RATE CHANGES DISAPPOINTMENT LOOMS FEWER RULES, MORE ‘FREEDOM’ FOR PROPERTY OWNERS CARBON ACCOUNTING DO OUR NEW QUIZ NZX50 WEAKENS OWNING UP DRAWS BIG FINE CONFIDENCE SLIPS BUT STILL POSITIVE RBA HOLDS SWAP RATES FIRMER STILL EQUITIES ALL WEAKER OIL WEAKENS CARBON PRICE HOLDS LOW GOLD STILL ON HOLD NZD LITTLE-CHANGED BITCOIN SOFTISH Select chart tabs<\/p>\n US$ Select chart tabs<\/p>\n 1 year % \n This soil moisture chart is animated here<\/a>.<\/p>\n
None here today either. Update: Westpac has raised some longer TD rates. All updated term deposit rates less than 1 year are here<\/a>, for 1-5 years, they are here<\/a>.<\/p>\n
Latest Reserve Bank figures show<\/a> a third of owner-occupier mortgage money uplifted from new mortgages in October was on floating rates as home owners seemingly bet on further fixed rate cuts that might not come. And this<\/a>.<\/p>\n
The Government has announced<\/a> major ‘reforms’ to the RMA claiming they will save $13.3 bln, with up to 46% of consent & permit applications becoming unnecessary. RMA Reform Minister Chris Bishop says the new system will strengthen property rights and restore ‘freedom’ for property owners.<\/p>\n
It’s old data (2023) but interesting all the same. A StatsNZ release<\/a> of greenhouse gas emissions on a consumption basis shows total consumption-based emissions were 58,301 kilotonnes, up +1.6% from 2022. Household consumption was the largest contributor, accounting for 70% (40,764 kilotonnes) of total emissions. The carbon footprint of households increased the most, by +5.8%. It shows the production economy generated 78,779 kilotonnes and we imported another 29,210 tonnes. But the local economy only consumed 58,301 kT with the remaining 49,688 kT exported.<\/p>\n
The latest quiz is now out. You can do it here<\/a>.<\/p>\n
As at 3pm, the overall NZX50 index<\/a> was down -0.5% so far on Tuesday. That puts it down -0.7% over the past five working days. It is up +2.7% year-to-date. From a year ago it is now up +4.8%. Market heavyweight F&P Healthcare is down -1.1% so far today. The gainers are led by SkyTV, Gentrack, Kathmandu and Tourism Holdings; the decliners are led by Infratil, Vista Group, Mercury and Stride Property Group.<\/p>\n
General insurer Tower has been ordered to pay a $7 mln penalty<\/a> for misleading representations that resulted in more than $11 mln in overcharges to its customers. Tower self-reported the breaches in 2021 after an internal investigation. The FMA prosecuted anyway.<\/p>\n
In Australia, the NAB Business Confidence Index<\/a> slipped in November from October, but stayed just positive, although the weakest reading since April. The survey showed business conditions softened after declines in sales and profitability.<\/p>\n
The Reserve Bank of Australia held its cash rate at 3.60% as expected. There’s more detail\u00a0here<\/a>.<\/p>\n
Wholesale swap rates<\/a> are have likely turned up further today and again, across the board. Keep an eye on our chart<\/a> below which will record the final positions closer to 5pm. The 90 day bank bill rate was up +1 bp at 2.48% on Monday. Today, the Australian 10 year bond yield is unchanged at 4.73%. The China 10 year bond rate is up +1 bp at 1.86%. The NZ Government 10 year bond rate is up +4 bps from yesterday at 4.60%. The RBNZ data is now ‘prior day’ with Monday’s rate up +8 bps at 4.53%. The UST 10yr yield is up +3 bps at 4.17%.<\/p>\n
The local equity market is down -0.6% in Tuesday trade so far. The ASX200 is down -0.2% in afternoon trade. Tokyo is down -0.2% in its opening trade. Hong Kong is down -0.4% and Shanghai is is little-changed but soft. Singapore is up +0.2% at its open. Wall Street ended its Monday trade with the S&P500 down -0.3%..<\/p>\n
The oil price in the US is down -US$1.50 at just over US$58.50\/bbl and the international Brent price is now at just under US$62.50\/bbl.<\/p>\n
Secondary market transactions are hard to find today, so still at $40\/NZU. See our daily chart tracker<\/a> of the NZU price for carbon, courtesy of emsTradepoint<\/a>.<\/p>\n
In early Asian trade, gold is down -US$4\/oz from yesterday, now at US$4194\/oz.<\/p>\n
The Kiwi dollar is down -10 bps from this time yesterday, now just under 57.8 USc. Against the Aussie we are up +10 bps at 87.2 AUc. Against the euro we are -10 bps softer at 49.6 euro cents. This all means the TWI-5 is at just over 61.9 and up less than +10 bps.<\/p>\n
The bitcoin price is now at US$90,055 and down -1.0% from this time yesterday. Volatility has been modest at just over +\/- 1.3%.<\/p>\n
\n AU$
\n TWI-5
\n \u00a5en
\n \u00a5uan
\n \u20acuro
\n GBP
\n Bitcoin<\/p>\n
\n 2 years %
\n 3 years %
\n 4 years %
\n 5 years %
\n 7 years %
\n 10 years %<\/p>\n
\n ![](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/11\/1764419962_447_soil-moisture-2025-11-03.gif\" "\\"click")
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