US New Home Sales Rise 2.3 Percent to 454,000 for April, Beating Expectations
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Bill English, Finance Minister of New Zealand, talks about Wellington's plans to raise cash to bring its economy back into surplus. He also discusses why he is unconvinced on Abenomics and denies recent claims that New Zealand is getting involved in global currency wars.
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SYDNEY, May 8- Major currencies got off to a sleepy start in Asia on Wednesday following an uninspired session overnight, but the New Zealand dollar stood out after the central bank complained it was overvalued, prompting markets to briefly sell the kiwi.
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SYDNEY, May 8- Australian shares are set to open firmer on Wednesday after a cut in local interest rates and a rise on Wall Street on upbeat German economic data, while investors will watch for trade data from China.
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SYDNEY/ WELLINGTON, May 8- The Australian dollar struggled near a two-month low against the U.S. dollar on Wednesday as investors speculated that more interest rate cuts were in the cards after the Reserve Bank of Australia cut its official rate to a record low on Tuesday.
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WELLINGTON, May 8- A surging New Zealand housing market is raising the risks to the country's financial system, prompting a move to tighten lending rules for major banks, while an overvalued currency is hindering the rebalancing of the economy, the central bank said on Wednesday.
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Gold 1444.25 Silver 23.750 Gold 1468.89 Light Crude 95.47----------------------------------------------------------------. Overnight market action with latest New York figures. Add Sydney stock market trend.
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WELLINGTON, May 8- Following are some of the lead stories from New Zealand metropolitan newspapers on Wednesday. Aaron Gilmore texts to lawyer revealed: The National Party has been shown text messages from Aaron Gilmore that appear to contradict assurances he gave Prime Minister John Key.
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Overnight market action with latest New York figures. NEW YORK- U.S. stocks advanced on Tuesday, with the S&P 500 extending its three-day rally to yet another intraday high, led by gains in the materials and energy sectors. The Nasdaq Composite Index was up 3.84 points, or 0.11 percent, at 3,396.81.
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WELLINGTON, May 8- This diary is updated daily and new items or amendments. NOTE:* Statistics NZ data 10:45 a.m.* NZ daylight saving has ended-- NZ is GMT +12 Daylight saving will resume on September 29, 2013* Inclusion of an event in the diary does not mean that Reuters will report on that item.
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LONDON, May 7- The Australian, Canadian and New Zealand dollars may be set for a decline, dragged down by a slowdown in China and a sharp fall in commodity prices. The Australian and New Zealand dollars are up 70 percent against the U.S. dollar since late 2008, driven up by near-zero rates in many developed countries.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows, while New Zealand's benchmark index hit a record closing high.
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SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows.
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*Market still pricing in room for at least one more easing* Bond yields drop to six-month trough, futures jump By Gyles Beckford and Wayne Cole.
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WELLINGTON/ SYDNEY, May 7- The Australian dollar kept near two-month lows against its U.S. counterpart on Tuesday as the market remained deeply divided on the chance of an interest rate cut in Australia, while the kiwi dollar consolidated. *The Aussie lower at $1.0238, from $1.0253 early, having tested a triple bottom around $1.0222 overnight.
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SYDNEY, May 7- Australian shares fell 0.5 percent in later morning trade on Tuesday, dragged down by financials as investors adopted a cautious stance ahead of the outcome of the central bank's rate-setting meeting later in the day. Top lender the Commonwealth Bank of Australia.
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SYDNEY, May 7- Australian shares slipped 0.1 percent on Tuesday as investors remained cautious ahead of a central bank rate meeting later in the day and as financials dragged on the market, but strength in metals prices helped limit losses.
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SYDNEY, May 7- Australian shares are set to open firmer on Tuesday after Wall Street closed at another record high and metals prices gained, although investors may be cautious ahead of a central bank rate setting meeting.
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WELLINGTON/ SYDNEY, May 7- The Australian dollars was under pressure on Tuesday as the market remained deeply divided on the chance of a cut in interest rates from the Reserve Bank of Australia later in the session. *The New Zealand dollar at $0.8510 from Monday's late local level of $0.8545. It traded $0.8486 to $0.8550 overnight.
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Gold 1469.25 Silver 24.250 Gold 1470.20 Light Crude 95.83----------------------------------------------------------------. Overnight market action with latest New York figures. NEW YORK- The S&P 500 edged up on Monday to yet another record closing high, pushing further above 1,600 and extending Friday's rally as financial shares led the way after Bank of America's settlement with MBIA.
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WELLINGTON, May 7- Following are some of the lead stories from New Zealand metropolitan newspapers on Tuesday. Aaron Gilmore to face Parliament today: Shamed National MP Aaron Gilmore has been told to front up in public and to his colleagues today to explain his boozy behaviour last Saturday, but he is unlikely to be kicked out of the party.
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Gold 1469.25 Silver 24.250 Gold 1470.20 Light Crude 95.69----------------------------------------------------------------. NEW YORK- U.S. stocks inched higher on Monday, lifted by financials and Apple shares, as Wall Street extended a rally that pushed the Dow and S&P 500 to record highs last week. The Nasdaq Composite Index was up 14.40 points, or 0.43 percent, at 3,393.03.