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NZ Morning Focus

HIGHLIGHTS - Hard commodity prices remained under pressure, especially oil/energy. - European equity markets had a better session, but falls in commodity prices weighed on US companies with energy earnings exposure again. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - Final US Q3 GDP a touch better than expected, with consumer spending leading the way, offset to some degree by weak trade conditions. - Very illiquid market conditions, with end of year holidays close by. OUTLOOK

ANZ Morning Focus

HIGHLIGHTS - A subdued session in Europe, with markets moving into holiday mode. - However, US markets were busy, with stocks sliding on technical factors, oil price falls and ongoing global growth concerns. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - Oil prices fell to new post-2008 lows at one point, weighing on equity markets ahead of this week’s FOMC decision. - Dovish comments from the BoE’s Shafik weigh on GBP. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - Oil prices were under pressure following OPEC’s inability to agree on a cap for production. This effectively abandons its long time strategy of limiting output to control prices.

NZ Morning Focus

HIGHLIGHTS - Mild improvements in euro area activity and labour market data fail to derail expectations of a multi-faceted ECB policy easing later this week. - Small improvement in dairy prices (GDT-TWI +3.6%, WMP +5.3%).

NZ Morning Focus

HIGHLIGHTS - An exceptionally quiet night on the markets, with the US out for the Thanksgiving Day holiday. Tonight is likely to be the same with many in the market on leave for an extended weekend.

NZ Morning Focus

HIGHLIGHTS - US data was mixed. - German business confidence and consumer spending remains surprisingly resilient. - RBA Governor Stevens presents a ‘glass half empty’ outlook for the Australian economy over the longer-term.

NZ Morning Focus

HIGHLIGHTS - A tentative stabilisation in US manufacturing activity emerged from the November Philly Fed survey. - UK retail sales partly unwound September’s Rugby World Cup boost. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - A subdued trading session. - Strong language from Fed hawks ahead of FOMC minutes (8am NZT).

NZ Morning Focus

HIGHLIGHTS  Markets were fairly calm, with only a limited response to Friday night’s tragic terrorist events in Paris.  Disappointing NY Fed survey with manufacturing continuing to struggle due to USD strength. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - US retail sales growth (although undershooting market expectations) flagged sufficient growth in private consumption to support the commencement of a gradual tightening cycle by the Fed in December.

Mark Powell to become Massey's CEO-in-Residence

Head of the Massey Business School Professor Ted Zorn congratulates Mark Powell on his new role. Head of the Massey Business School Professor Ted Zorn congratulates Mark Powell on his new role. Head of the Massey Business School Professor Ted Zorn congratulates Mark Powell on his new role.

NZ Morning Focus

HIGHLIGHTS - A raft of Fed speeches kept markets on their toes, but ultimately the comments did little to sway expectations of a December commencement to a Fed rate rise. Evans notably lived up to his dovish bias.

NZ Morning Focus

HIGHLIGHTS - Markets traded in fairly tight ranges with no major data releases and ahead of the Veterans Day holiday in the US on Wednesday.

NZ Morning Focus

HIGHLIGHTS - Dairy auction result overnight was particularly weak with the overall index back 7.4%. The result pulls the farm-gate milk price back below current estimates and means tight cash flow is here to stay for 2015/16.

NZ Morning Focus

HIGHLIGHTS - ECB President Draghi signals additional easing in December. - Commodity and risk currencies typically outperformed, with the prospect of additional liquidity from the ECB supporting risk appetite. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - US core CPI data was stronger-than-expected in September, but manufacturing data remained sluggish. - ECB Governing Council member Nowotny: the ECB was "clearly missing" its inflation target and that "additional instruments" are required.

NZ Morning Focus

HIGHLIGHTS - The US September ISM fell to 50.2 vs 51.1 in August, as weak overseas demand weighs on activity. - The euro area PMI mirrored the flash estimate of 52.0, easing only modestly from August’s 52.3.

NZ Morning Focus

HIGHLIGHTS - German HICP inflation fell 0.2% y/y in September, raising downside risks to the preliminary euro area HICP data due tonight. - US consumer confidence rose in August showing that they remain upbeat despite heightened financial market volatility. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - The dollar remained firm with the euro increasingly overshadowed by the unfolding Volkswagen scandal. - The Ukraine announced a partial write down of sovereign debt and temporary suspension of debt repayments from Sept 23. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - The US Federal Reserve left policy on hold, citing low inflation and developments abroad. However, it has signalled that it expects to begin raising rates at some stage this year (in either October or December).

NZ Morning Focus

HIGHLIGHTS - Global dairy price continue to rise with the GDT-TWI +16.5% and wholemilk powder up 20.6%. In-market prices are now consistent with a milk price forecast of $4.25-$4.50/kg MS.

NZ Morning Focus

HIGHLIGHTS - Markets finished the week in a reserved fashion. - RBNZ Governor Wheeler gave an interview with the NZ Herald over the weekend commenting on the economy and monetary policy. OUTLOOK UPCOMING TODAY: BNZ-Business PSI Index for August at 10:30am.

NZ Morning Focus

HIGHLIGHTS - The PBoC’s reported aggressive intervention tactics in CNH were aimed at combating ongoing speculative pressures in the FX market and containing financial market volatility.

NZ Morning Focus

HIGHLIGHTS - A very quiet start to the week with the US on their Labor Day holiday. - China’s FX reserves recorded the largest monthly decline on record. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - Markets struck a calmer tone, with comments from PBoC policymakers helping to dampen volatility. - Minutes from the ECB's July 16th meeting were dovish. - US Retail sales were marginally stronger than expected on the back of solid upward revisions.

NZ Morning Focus

HIGHLIGHTS - A further depreciation in the CNY and concerns over China's growth prospects rattled markets, prompting additional weakness in US and European equity markets. - The USD came under broad-based pressure, boosting G10 currencies.

NZ Morning Focus

HIGHLIGHTS - The PBoC embarked on a major reform of the RMB, undertaking a one-off devaluation and changing the way the fix is set.

Boyle swims into record books, Snyders into final

Lauren Boyle celebrates her success. Pic: Ian Macnicol. Lauren Boyle celebrates her success. Pic: Ian Macnicol. Lauren Boyle celebrates her success. Pic: Ian Macnicol. Lauren Boyle swam herself into New Zealand swimming history at the FINA World Championships in Kazan, Russia today.

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