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Highlights
- NZ reported 45 new Delta virus cases in the community in the past 24 hours.
- National Party reveals its plans to open up travel.
- ASB and ANZ banks are confronting a multi-million-dollar class action.
A lot of events, company announcements, economic and political changes affect New Zealand every day.
Here is a look at top things that are affecting the NZ market on Wednesday.
Image source: © 2021 Kalkine Media New Zealand Ltd, Data source- EODHD/Others
- New COVID-19 cases in the community
NZ reported 45 new cases of COVID-19 in the community in the past 24 hours. All the new community cases were found in Auckland with 33 of them are known households or close contacts of the existing cases.
- National Party proposes a plan to resume travel
National Party has proposed a reopening plan that would allow many travelers to skip isolation once NZ vaccinates over 85% people of 12 years and above, and many other measures are launched. The party also laid out plans on how fully vaccinated individuals will not need to isolate if certain conditions are met, while those who are not vaccinated will be banned from coming to NZ.
RELATED READ: What lies ahead for NZ travel and tourism sector in 2021?
- NZ’s ranking falls of the best places to be at during COVID-19 pandemic
New Zealand falls from number 1 to number 38 on the global ranking for the best places to be in the world during the COVID-19 pandemic, as per Bloomberg’s Covid Resilience Ranking.
- ANZ and ASB face a lawsuit
ANZ and ASB got a legal notice on Wednesday as they are being accused of charging millions in interest and fees from people who have taken personal loans or mortgages.
- NZX 50 slides 0.4% amid a rise in Treasury yields
The S&P/NZX50 Index slid 0.4% at 13,119.79 on Wednesday majorly due to an increase in Treasury yields, which in turn, impacted equities.
DO READ: Selling in Utility Stocks Mainly Impacted NZ Market
- Kiwibank suffers another internet outage
Kiwibank suffered another internet outage on Tuesday, which impacted its customers. The outage comes 3 weeks after the bank suffered distributed denial of service (DDoS) attack affecting its online services.
- NZ’s regional GHG emissions rise in 2019
Regional GHG emissions in New Zealand rose 2.1% in 2019 due to increased coal usage, as per a Stats NZ data released on Wednesday. Auckland, Waikato, and Canterbury were the top 3 emitting regions in 2019.
ALSO READ: Discussing World News Day theme of the year: climate change
- NZD/USD stood at 0.6951 amid looming tapering by Fed
As expectations of a hawkish policy by the RBNZ gathers strength after a rise in expectations from the Fed of tapering, NZD/USD slid to a month-low of 0.6935.