Are higher rates hurting business?

Last updated 08:24 30/06/2014

Relevant offers


Marlborough wine exporters welcome TPP Savvy customers force companies to cut prices at highest level since 1999 TPPA 'bigger opportunity than China free trade deal' says Business NZ No increased medicine costs under TPPA ANZ had 3% of workers breach code of conduct in 2014 NZ dollar supported but not by TPP Stark Property breathes new life into Knox St building Wool merger could lead to 'hundreds' of job losses, Godfrey Hirst warns Kiwi Regional Airlines gears up for big test End in sight for multinational tax rorts?

What you need to know on Monday morning, June 30.

- NZX50 up 14.092 points (0.27 per cent) to 5144.246

- NZ dollar at US87.75 cents, A93.17c, 80.1yen, 51.5p, 64.3€c

- Brent crude oil at US$113.18 a barrel (down US3c)

- Spot gold at US$1315.40 an ounce

What's on today

- Statistics New Zealand's building consents data for May will show if the trend for new building consents remains at a seven-year high.

- The ANZ Business outlook for June will show if interest rate rises are hurting business confidence.

- The Reserve Bank's credit aggregates show how much New Zealanders are borrowing and give a picture of how healthy our banking system is.

Stocks to watch

- Fletcher Building: New Zealand's biggest listed company should get a boost from the ASB "Cantometer" hitting a record high in June on the back of a 31 per cent increase in residential construction activity in the Canterbury region. Non-residential construction was also up 16 per cent, a good sign for a company that has a big role in the rebuild. Today's Statistics New Zealand building consent data could offer further comfort for Fletcher Building investors.

Top international news

- Wall Street may kick off the second half of the year with an uptick in volatility, thanks to the June jobs report and plenty of other market-moving data in a short trading week.

- US financial markets will close on Friday for Independence Day, so Thursday will bring a blitz of numbers: the non-farm payroll figures for June, the May trade deficit and the June index on the services sector from the Institute for Supply Management.

- On Wednesday, US Federal Reserve Chair Janet Yellen is due to speak on financial stability at an International Monetary Fund conference in Washington.

- The elevated volatility would shake some traders out of a stupor. They have been limited in their betting by this market, which has been resilient but boring: The S&P 500.SPX has not had a weekly swing of more than 2 per cent since mid April.

Something else for your morning

When is cattle class not cattle class? When it's "premium" cattle class, of course. Since the premium economy category was introduced by airlines a few years ago, travellers have debated whether the extra money is worth the moderately improved experience compared to the traditional economy class service. A survey of Stuff readers found opinion was divided, so we have crunched the numbers to help you decide.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content