The Brexit-induced panic on financial makers will probably
lead to buying opportunities, although maybe not just yet,
Craigs Investment Partners broker Chris Timms says.
The Government accounts
are in surplus by more than $2.3 billion for the 11 months
ended May and no-one cared.
The Reserve Bank of Australia kept its cash rate at 1.75% at
its meeting yesterday, in line with market expectations.
The Government plan for digital technology to be formally
included in the New Zealand Curriculum has not found favour
with all associated with the IT industry.
Business confidence lifted strongly in the three months ended
June in response to an earlier interest-rate cut by the
The Reserve Bank of Australia is unlikely to cut its official
cash rate today as it will not want to add to the uncertain
environment as Australians await the results of Saturday's
The New Zealand dollar is forecast to keep rising against
both the United States and Australian currencies and remain
relatively high against the British pound until at least
March next year.
A sharp movement in the British pound appears to be one of
the few certainties as a result of the referendum this week
on whether the United Kingdom should leave Europe.
As the vote on whether Britain will leave the European
Union looms this week, the polls are now running neck and
neck. Business editor Dene Mackenzie previews what some of
the effects for New Zealand will be, if an exit
New Zealand's economic expansion is all about an increasing
number of people coming to the country, and that is reflected
in the latest gross domestic product (GDP) figures released
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