No changes to report today. All 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 GOING SHORT IN HOPES OF LOWER RATES PRIORITISING MARGINS TO PROTECT PROFITS MORE NEW STUFF NZX50 RETREATS NOT LONG NOW SWAP RATES SOFT EQUITIES TRY A COMEBACK, PARTIALLY SUCCESSFUL OIL HOLDS LOWER CARBON PRICE STALLS GOLD FIRMER AGAIN NZD FALTERS BITCOIN DROPS YET AGAIN Select chart tabs<\/p>\n US$ Select chart tabs<\/p>\n 1 year % \n This soil moisture chart is animated here<\/a>.<\/p>\n
There are no changes to report today here either. All updated term deposit rates less than 1 year are here<\/a>, for 1-5 years, they are here<\/a>.<\/p>\n
The latest Reserve Bank figures show<\/a> short term fixed and floating mortgages found renewed favour in September ahead of the Reserve Bank’s Official Cash Rate decision on October 8, 2025.<\/p>\n
When retail sales are soft, the temptation is to chase for topline sales, usually with discounting to overcome consumer reluctance to spend. But Briscoes has gone the other way, targeting improved margins. The Briscoes ‘bargains’ haven’t been as good while they do this. “With inventory in excellent shape at half-year, we made a strategic decision to shift focus from driving top-line sales to stabilising gross profit margin percentage,” the company said<\/a> when it posted its Q3 results, where topline sales were down -1.8% in the period. “Looking ahead, we remain cautious about the retail environment. While we\u2019re encouraged by recent monetary policy shifts, in the absence of a clear uplift in consumer sentiment, our full-year net profit after tax guidance (to 25 January 2026) remains at around $60 million.”<\/p>\n
Interest.co.nz has teamed up with Quashed to help you track insurance premium changes for car insurance. Here’s our new tool<\/a> to help you wrestle with car insurance renewals. And check us out on Monday, when we will be launching another (different) new feature.<\/p>\n
As at 3pm, the overall NZX50 index<\/a> is now up +0.6% so far on Friday in a firming trend. That puts it +0.7% higher over the past five working days. It is up just a bit less than +4.4% year-to-date. From a year ago it is now up +8.5%. Market heavyweight F&P Healthcare has risen another +0.7% so far today. Scales, Skellerup, EBOS, and Summerset gain as Vulcan Steel, Vital Healthcare, Briscoe and Hallensteins are the key decliners.<\/p>\n
There are just 33 working days until the Christmas break. Just saying …<\/p>\n
Wholesale swap rates<\/a> are probably softer today across the board on global forces. 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 -3 bps on Thursday to 2.48%. Today, the Australian 10 year bond yield is down -3 bps at 4.34%. The China 10 year bond rate is up +1 bp at 1.75%. The NZ Government 10 year bond rate is down -4 bps at 4.12%. The RBNZ data is now all delayed with Thursday’s rate is up +4 bps to 4.13%. The UST 10yr yield is down -6 bps at 4.09%.<\/p>\n
The local equity market is now up +0.6% in Friday trade so far in an unusual result compared to the other equity markets we follow. The ASX200 is down -0.2% in afternoon trade. Tokyo has resumed its decline, down -2.0% at its open. Hong Kong is down -0.7% at its open. Shanghai is down -0.3%. Singapore is up +0.3% at its open. Wall Street fell in Thursday trade and the S&P500 ended down -1.1% and resuming the falls of earlier in the week.<\/p>\n
The oil price in the US is little-changed at just over US$59.50\/bbl and the international Brent price is still just on US$63.50\/bbl.<\/p>\n
There have been virtually no trades today so the prices are holding at $50\/NZU, its lowest since May. (Having noted that, we did see one tiny trade at under $44\/NZU, likely an outlier.) The next official carbon auction is on December 3, 2025 and likely heading for another failure. See our daily chart tracker<\/a> of the NZU price for carbon, courtesy of emsTradepoint<\/a>.<\/p>\n
In early Asian trade, gold is up +US$26 from yesterday, now at US$4001\/oz.<\/p>\n
The Kiwi dollar is down -35 bps from yesterday at this time at just on 56.3 USc. Against the Aussie we are down -10 bps at 86.9 AUc. Against the euro we are down -40 bps at 48.8 euro cents. This all means the TWI-5 is down -40 bps at just over 60.9.<\/p>\n
The bitcoin price is now at US$101,269 and down -2.2% from this time yesterday. Volatility has been modest at just over +\/- 1.7%.<\/p>\n
\n AU$
\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\/uk\/wp-content\/uploads\/2025\/11\/soil-moisture-2025-11-03.gif\" "\\"click")
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