There would be no surprise if listed New Zealand retailers
started issuing profit downgrades following the release
yesterday of flat electronic card transactions data, Craigs
Investment Partners broker Greg Easton said.
A more favourable exchange rate and strong demand,
particularly for beef, meant an improvement for meat export
returns in the three months to December, Beef and Lamb New
Zealand figures show.
New Zealand's agritechnology exports are worth about $1.2
billion annually and have the potential to grow to about $1.8
billion, research out yesterday shows.
A comparison of between New Zealand's agritechnology exports
and its key competitors shows New Zealand is underperforming
in size but is showing good growth.
Speculation the New Zealand and Australian currencies may
reach parity is causing volatility in the Australian currency
as the country faces a slew of confidence-affecting issues.
Investors need to make a psychological switch in the way they
think of receiving returns on their investments, as interest
rates look likely to stay low for at least the next five
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.
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