Are people still moving to NZ?
What you need to know on Monday morning, June 22.
- NZX50 down 47.122 points (0.9 per cent) to 5145.032
- NZ dollar at US86.96 cents, A92.64c, 88.75yen, 51.12p, €63.94c
- Brent crude oil at US$114.68 a barrel (down US38c)
- Spot gold at US$1314.80 an ounce
What's on today
- Statistics New Zealand's international travel and migration figures for May will show whether the tourism sector kept up its momentum from April when overseas visitor arrivals were up nearly 10 per cent from the previous year.
Migration has been cited as a key contributor to the seemingly unstoppable housing boom in Auckland. The Statistics figures will show if foreigners are still flocking to live here.
Stocks to watch
- Air New Zealand: Today's Statistics New Zealand figures on international travel and migration will give investors an idea how our national airline might have performed in May. Another month like April, when international visitor arrivals were up nearly 10 per cent from the previous year and overseas trips by New Zealanders were also up, should give Air New Zealand a boost.
Top international news
- Iraq will be foremost in investors' minds in the coming week as oil price risk has returned to markets, complicating the task for central banks whose policies are beginning to diverge for the first time since the global financial crisis.
Oil prices neared nine-month highs late last week, touching US$115 a barrel, and the rapid advance of militants in Iraq, the second-largest OPEC producer, is destabilising oil markets.
That has implications for inflation in the United States and Europe, as well as Asia's export-oriented economies that are large net importers of oil.
- Investors will be watching a range of data, from German and Japanese consumer prices to first-quarter US GDP, to see how the Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japan respond.
Something else for your morning
- Stamp collecting is a fairly common hobby but few people can rival the A$3.5 million (NZ$3.8m) collection that is the subject of a court dispute in Australia involving New Zealand businessman Sir Ron Brierley, who is known in the rarefied world of stamp collecting as "Lionheart".