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Kia ora. Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news deeper turmoil in the Middle East has overshadowed the US Fed meeting. But first up, in an 11-1 vote, the US Federal Reserve decided to hold its policy rate unchanged at 3.25% at todays meeting. Only Trump's insert, Stephen Miran, voted against the consensus. The immediate response from financial markets wasn't large, probably because this is the expected result. While their dot plot signals a rate cut this year, markets do not have that priced in. In fact the futures market is looking for rises. Elsewhere in the US, mortgage applications sank last week by almost -11% as rising mortgage rates killed off demand. Almost off of this pullback was for refi demand American producer prices surged +0.7% in February from January to be +3.4% higher than year-ago levels. That is the biggest rise in more than a year. If you just isolate producer prices to 'goods' only, the jump was noticeably more, up +1.1% just in one month. That makes the January factory order data look rather weak. They were up just +0.1% from a month earlier, up +3.5% from a year ago. So almost all of this is accounted for by inflation, and the recent order level growth is far less than recent inflation. Financial markets noticed and sagged. US crude stocks rose and by more than expected last week, but this had little impact on the rising oil price. But US domestic petrol inventories dived last week in a major way. Making this notable was it was the fifth consecutive weekly drop. The Bank of Canada left its overnight target rate steady at 2.25% in its March meeting, as expected. Staying in Canada, they reported that their 41.5 mln population declined by more than -100,000 in 2025 mainly due to an exodus of foreign workers.. Meanwhile the Japanese Reuters Tankan Index rose to 18 points in March from 13 points in February and its highest (non-pandemic) level since 2019. In South Korea we should note that a 66,000 member union has voted to strike at a major Samsung electronics facility in May. If it happens, it will be yet another supply chain disruption for a key global electronics supplier. This is a company union, and only the second time in its history it has voted to strike, so there must be deep dissatisfaction involved. In Malaysia, they became the first country to confirm that their special trade pact with the US is now 'void' following the US Supreme Court's tariff ruling. It will likely trigger a cascade of other countries declaring the same. In China, new official data out shows that cement production surged in February, back to 2023 levels, and perhaps a solid indication that construction activity is picking up, after a long two-year low period. In Australia, the six-month annualised growth rate in the Westpac–Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, held at +0.08% in February, unchanged from January but down from more firmly positive reads seen late last year. Of course, this metric covers periods before the US-Iran war. Meanwhile, Far North Queensland is being warned to brace for Tropical Cyclone Narelle, forecast to make landfall as a category four or five system on Friday morning, with destructive wind gusts of up to 250 kph !! Generally, we should probably note that the USD's steady devaluation against the Chinese yuan seems to have ended, with the rate holding steady for the past few weeks. The UST 10yr yield is now just on 4.22%, up +2 bps from yesterday at this time, little-changed after the Fed decision. The price of gold will start today down -US$121 from yesterday at US$4880/oz. Silver is down -US$2.50 at US$77/oz. American oil prices are up almost +US$3, at just under US$98/bbl, while the international Brent price is up +US$6, now just over US$108/bbl. The Straits of Hormuz remain no-go areas for most with the situation still extremely unstable. The ships transiting are those approved by Iran, which holds all the cards at present. The Israeli attack on Iranian gas fields has delivered a large spike in natural gas prices. The Kiwi dollar has dipped today, down -20 bps against the USD from yesterday, now just on 58.4 USc. Against the Aussie we are unchanged at 82.5 AUc. We are little-changed against the yen. Against the euro we are down -10 bps at 50.7 euro cents. That all means our TWI-5 starts today down -20 bps at just over 62. The bitcoin price starts today at US$71,293 and down -3.9% from this time yesterday. Volatility over the past 24 hours has been moderate at just on +/- 2.8%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.
Vilniaus arkivyskupas metropolitas Gintaras Grušas: "Kristaus mirtis ir prisikėlimas yra tas įvykis, kuris suteikia žmogui amžinojo gyvenimo viltį."Pagrindinis Velykų akcentas Ispanijoje-miestuose vykstančios iškilmingos procesijos.Australai per Velykas išperka 70 procentų per metus šalyje suvartojamo šokolado.Rusija dronais ir raketomis atakavo Ukrainos energetikos infrastruktūrą šalies pietuose ir vakaruose.Ved. Madona Lučkaitė
Jamie & Leigh spoke with Jess and Bill, who are singing for Disabled Wintersport Australia, with a very personal connection, and some amazing events coming up.See omnystudio.com/listener for privacy information.
This is the final episode of ‘What on Earth...' for now. Over the summer break we did a strategic review and we've decided to take a break for now- we've covered the key issues many times and a short break will give provide an opportunity for the issues to develop before we re-analyse. The good news is the monthly ‘What on Earth….' will be replaced by a new monthly podcast addressing the broad issues of Industry Development and Industry Policy. Stay tuned. In this last episode, Paul is unavailable so James and Tennant look at the year ahead in the transition to the post carbon Australia. • Tennant gives a detailed review of the UN Climate Conference in Dubai, what he learnt by attending and what it means for Australai. • The two discuss the Federal Government plans for a Climate Related Final Disclosure reporting process. • The proposal for Fuel Efficiency Standard for Australia and National Emission Targets. • And much more. It's a fascinating episode and well worth the listen. Thank you for your ongoing support of our program. It's been a pleasure to bring you our opinions and analysis. Let's talk again, soon.
Australian cricketer Glenn Maxwell joins Adam White and Adam Cooney on Sportsday with a discussion about how Australai is fairing in the World Cup in India Learn more about your ad choices. Visit megaphone.fm/adchoices
Set your reminders as we bring you a live episode after day 2 of the Border-Gavaskar Trophy between India and Australia. Day one was an easy win for the Indians, as they skittled Australai for under 200. Jadeja was unstoppable and Rohit capped the day with a 50 for the home side. Can Australia fight back, or is this already 1-0? Use the code CRICKETPOD at manscaped.com for 20% off! Our Twitter and Instagram: @thecricketpod Our Patreon: https://www.patreon.com/thecricketpod Our channel membership: https://www.youtube.com/channel/UC1nj... Our website: www.thecricketpod.com Intro 0:00 Summary 03:30 Selections 4:59 Australia v India Batting 11:20 What next 25:44 Learn more about your ad choices. Visit megaphone.fm/adchoices
https://www.nikkiwouters.com Hi, I'm Nikki Since I was a kid chasing fairies and a teenager obsessed with fantasy (who else had a Legolas poster on their wall??) I've been exploring what magic means for me. When I finally pieced it all together I quit my teaching job of 10 years, moved back to the city and set about living my version of a magical and aligned life. Now, I coach you to figure this out - with way more ease than I did - and take Practical Magical steps to create the life and business YOU desire.
This week on Beer is a Conversation Matt Kirkegaard has a long over due chat with brewer Michael Capaldo. In a career spanning more than a decade Michael has gone from working as a packaging assistant with Little Creatures to a production brewing role with Gage Roads while completing a Graduate Diploma of Brewing through Edith Cowan University. He then took the reins as head brewer for Sydney Brewery and Lovedale Brewery where he led the team to winning trophies at the Australian International Beer Awards and Royal Sydney Show within it’s very first year of operation in 2014. In 2017 Michael moved from the production side of the industry to take up a sales role at Hop Products Australia working to provide on-the-ground support to brewers across News South Wales and Queensland. Enjoy the Conversation.
Madridas įpareigojo Kataloniją iki kitos savaitės paaiškinti, ar regionas iš tiesų ketina siekti nepriklausomybės.Jemene dėl skurdo vis daugiau šeimų nusprendžia parduoti savo nepilnamečius vaikus – mergaites priverstinėms vedyboms, berniukus – į priešakines fronto linijas.Australai, iki šiol buvę itin atviri migrantams, vis dažniau ima nerimauti, kad dėl nesbaigiančios migracijos didieji šalies miestai perpildyti.
Madridas įpareigojo Kataloniją iki kitos savaitės paaiškinti, ar regionas iš tiesų ketina siekti nepriklausomybės.Jemene dėl skurdo vis daugiau šeimų nusprendžia parduoti savo nepilnamečius vaikus – mergaites priverstinėms vedyboms, berniukus – į priešakines fronto linijas.Australai, iki šiol buvę itin atviri migrantams, vis dažniau ima nerimauti, kad dėl nesbaigiančios migracijos didieji šalies miestai perpildyti.
Like this? Come and see me play Friday Nights at Hoo Haa Bar and Saturday nights at onesixone.