Page 7 - Craig Ebert News Today

Soaring food prices expected to keep annual inflation at 7.2% in the March consumer price index data release this Thursday

The manufacturing sector in New Zealand slipped into contraction territory in March, the latest survey from BusinessNZ revealed on Friday with a seasonally adjusted Performance of Manufacturing Index score of 48.

New Zealand's BusinessNZ Performance of Manufacturing Index fell from 51.7 in February to 48.1 in March, slipping back into negative territory after briefly reaching positive levels in January and February. The decline in the index signals challenges for the manufacturing sector.

As disinflation process in the US picks up steam, Dollar continues its relentless descent, fueling the belief that Fed's tightening cycle is close to its curtain call. This evolving sentiment has not only lifted US stocks overnight but also spilled over into Asian session, painting a positive picture for the markets. Despite its recent woes, the greenback is not this week's weakest performer; that dubious honor goes to Yen, bogged down by unwavering dovish stance of the new BoJ Governo...

Production has slumped to its lowest level since the last nationwide Covid-19 lockdown.

Dollar is attempting to rebound in early trading sessions, as market sentiment is shaken by disappointing US retail sales data. Furthermore, a top Fed official has cautioned that interest rates could remain high for a more extended period than previously anticipated by the market. Nevertheless, the greenback continues to be one of the week's worst performers, alongside the Japanese yen. On the other end of the spectrum, Swiss Franc remains the top performer, now followed by Canadian Dollar ...

(RTTNews) - The manufacturing sector in New Zealand slipped into contraction territory in March, the latest survey from BusinessNZ revealed on Fri...

Mortgage rates were unmoved by the RBNZ’s big hike as traders bet any increase now will be matched with a cut later

The Reserve Bank of NZ will likely lift the official cash rate 25 basis points on Wednesday and give little else away

Voluntary carbon markets are still navigating through a thicket of reputational issues.