New Zealand investors face a quiet week for data this week.
The main focus will continue to be on the strength of the New
Zealand dollar against main trading partners.
The listed property sector had a stellar 2014, up 25.4% and
outperforming the NZX50 which was up 19.2%, Forsyth Barr
broker Andrew Rooney says.
Kiwibank has opened what is expected to be a bidding contest
for mortgage business with a cut to its two-year fixed
Dunedin North MP David Clark faces a testing year ahead has
the new Labour caucus members have 12 months to prove
themselves to leader Andrew Little.
Fonterra's New Zealand collection is 4% higher for the season
to date but the dairy co-operative issued a warning about the
effect dry conditions were having on the east coast of the
The ASB Commodity Price Index started the year with a fall in
all denominations, mainly due to the dipping sheep/beef
Construction activity is likely to soar this year after the
number of building consents issued reached their highest
level for seven years in November.
In an intriguing move, New Zealand Oil and Gas (NZOG) has
acquired 20% of Australian-listed oil and gas explorer Cue
Energy, buying its stake from Todd Energy.
New Zealand is in the midst of a period of modest deflation.
But it is not born of weak domestic demand.
Forsyth Barr acted swiftly yesterday in downgrading The Warehouse Group's
prospects for the current financial year after the unexpected
profit downgrade announced earlier.
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