NBS has raised some fixed rates today. Kiwibank has still yet to move up in this cycle. All current mortgage rates are here<\/a>. And note, you can compare mortgage offers with our unique calculator that takes into account other costs and cashback incentives, here<\/a>.<\/p>\n
TERM DEPOSIT\/SAVINGS RATE CHANGES TO SELL YOU NEED TO MEET THE [CURRENT] MARKET ARRESTED AT BORDER ON RETURN NZX50 DOWN STILL TOUGH FOR KEY HORT MARKETER HEARTLAND MAINTAINS DATE FOR TSB SHAREHOLDER VOTE, FOR NOW MONETISING SOE DEBT SAFETY A HARD SELL CHINA’S EXPORTS RISE MORE THAN EXPECTED SWAP RATES HOLD FIRM EQUITIES MIXED OIL PRICES RISE CARBON PRICE STABLE GOLD DIPS NZD LOWER BITCOIN DIPS Select chart tabs<\/p>\n US$ Select chart tabs<\/p>\n 1 year % \n This soil moisture chart is animated here<\/a>.<\/p>\n
BNZ increased some term deposit rates today. And so did Rabobank, Heartland, and AMP. All updated term deposit rates less than 1 year are here<\/a>, for 1-5 years, they are here<\/a>.<\/p>\n
Realestate.co.nz says<\/a> vendors need to price their properties to meet the current market rather than hold out for 2021 prices. That is because the housing market’s mid-winter stock levels are now at a 12-year high.<\/p>\n
A defendant who is alleged by the Serious Fraud Office to have been involved in an investment fraud scheme was arrested after returning to New Zealand<\/a>. Serene Peters faces one charge of obtaining by deception related to a $1.8 mln investment fraud. She has been overseas since September 2023 and was arrested at the border on her return to Auckland. She is one of five defendants that have been charged by the SFO in relation to this case. Two of Mrs Peters\u2019 sons, Christopher Peters and Francis Peters, and associate Gur Raj Bhachu have previously pleaded guilty to their part in the wider scheme, which involved fraudulently obtaining credit and properties. Mrs Peters\u2019 son Gerard Peters has also been charged.<\/p>\n
As at 3pm, the overall NZX50 index was down -0.8% today<\/a>, but up +1.1% for the past 5 trading sessions. It is up +3.0% from six months ago. From a year ago it is now up +7.5%. Market heavyweight F&P Healthcare is down -1.4% so far today. Synlait Milk, Tourism Holdings, Napier Port, Mercury and Scales lead the gainers. Oceania, Auckland Airport, Spark and SkyTV led the decliners.<\/p>\n
T&G Global released its half year profit result, claiming sales momentum<\/a> (+3%). But at the same time it still reported<\/a> a loss of just less than -$1 mln for the period, even if it is down by -73%.<\/p>\n
Heartland Group Holdings says there’s currently no change to the timeline for its proposed acquisition of TSB, with the Heartland special shareholder meeting still scheduled for September 30, where its shareholders will vote on the proposed transaction<\/a>. This comes with an interlocutory application filed by the Taranaki Community Accountability Society Incorporated against the trustees of TSB’s shareholder the Toi Foundation in the High Court. The Interlocutory Application challenges Toi Foundation\u2019s community consultation and decision making process, and seeks to restrain the trustees of the Toi Foundation from voting on the proposed transaction on an interim basis until the resolution of the court proceedings, Heartland says. Meanwhile, the “Toi Foundation is confident that its community submissions process is being conducted in a fair and appropriate way, including taking steps that exceed the requirements of Toi Foundation\u2019s Trust Deed, and that it is acting, and has acted, in a prudent, responsible and lawful manner.”<\/p>\n
The Crown is selling the debt contracts<\/a> it holds in Chorus so it can fund more infrastructure, and claim this delivers net proceeds of about $700 mln.<\/p>\n
Beef exports, especially to the US, are coming up against price competition from Brazilian and Argentine beef, even if those alternates are heavy in antibiotics. US buyers are using the price difference against our exporters. The price premium our product gets is being narrowed in a market that seems to care less about the presence of widespread antibiotic use. This may cap farm-gate pricing here.<\/p>\n
China\u2019s exports surged<\/a> almost 24% to US$398 bln in July in a better than expected result. The gains were driven by strong demand for AI-related technology products and a rush by manufacturers to ship goods to the US ahead of potential new tariffs. Outbound shipments to the US rose +17%, the EU by +16%, and and to ASEAN nations by +38%.<\/p>\n
Wholesale swap rates<\/a> may be marginally firmer again today. Keep an eye on our chart<\/a> below which will record the final positions closer to 5pm. The 90 day bank bill rate was down -1 bp at 2.93% on Thursday. Today, the Australian 10 year bond yield is up +6 bps from yesterday at 4.99%. The China 10 year bond rate is holding just over at 1.70%. The Japanese 10 year bond is still at 2.78% today. The NZ Government 10 year bond rate is now at 4.73% and up +2 bps from yesterday. (The RBNZ data is now ‘prior day’ with the Thursday rate up +2 bps at 4.68%.) The UST 10yr yield is up +7 bps, now at 4.68%.<\/p>\n
The local equity market is now down -0.6%. Meanwhile, the ASX200 is down just -0.1%. Tokyo has opened down -1.0%. Hong Kong is little-changed but Shanghai is up +0.5% at its open today. Singapore is up +0.7% at its open. South Korea is has resumed its retreat, although not a hard one today, so far at least. Wall Street ended its Thursday trade with the S&P500 down another -0.2% and the Nasdaq was down marginally.<\/p>\n
American oil prices have risen +US$2.50 from yesterday with the WTI benchmark is now just on US$78\/bbl, while the international Brent price is just over US$83.50\/bbl and up +US$4.<\/p>\n
There have been a few good trades again today and the price has held at $55\/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$15\/oz from this time yesterday, now at US$4260\/oz. Silver is now just over US$62\/oz and little-changed.<\/p>\n
The Kiwi dollar is down -30 bps against the USD from yesterday, now at just over 58.6 USc. Against the Aussie we are little-changed at 83.5 AUc. Against the euro we are down -10 bps at 50.9 euro cents. This all means the TWI-5 is now just over 62.3 and down -20 bps.<\/p>\n
The bitcoin price is now at US$64,276 and down -0.3% from this time yesterday. Volatility has been low at just on +\/- 0.6%.<\/p>\n
\n AU$
\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
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