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Economy
Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?
May 05, 2021 09:50 PM PDT| By Team Kalkine MediaSummary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a close watch and are in touch with the Australian Health counterparts. Currently, no changes are bei.....
RBNZ pitches for DTIs as its next option to support NZ’s financial stability
May 05, 2021 08:10 PM PDT| By SonalSummary In its biannual Financial Stability Report, RBNZ stated that it is prepared to take further action if needed to cool down the housing prices. House prices have risen 18.4% in April. RBNZ keeping DTIs as its next option but would need R.....
Salary Freeze For Frontliners May Lead To Troubles in The Near Future
May 05, 2021 07:54 PM PDT| By Team Kalkine MediaSummary Medical staff bearing the brunt of government cuts. Nation may face a shortage of doctors and nurses in the near future. Salary freezes might make the frontliners look for better options. With New Zealand being one of the few coun.....
New Zealand Remains Upbeat As Unemployment Rate Decreases
May 04, 2021 09:49 PM PDT| By Team Kalkine MediaSummary New Zealand’s economy showed early signs of revival amid the coronavirus pandemic as compared to other countries. The country's unemployment rate declined from 4.9% (in December 2020 quarter) to 4.7% (in March 2021 quarter). More.....
New Zealand Sets Different Pay Parameters For public sector workers
May 04, 2021 09:08 PM PDT| By SonalThe New Zealand Government announced Wednesday that public sector workers earning over $100,000 would not get any pay increase while those earning more than $60,000 could expect a rise in pay in only exceptional circumstances. Public Service Co...
NZ Financial system in healthy state, but vulnerabilities persist: RBNZ
May 04, 2021 07:17 PM PDT| By SonalSummary RBNZ stated that financial vulnerabilities were still intact and more action was needed there. Border restrictions, supply-chain disturbances, and social distancing have decreased activity in affected sectors. New capital rules for ban.....
In Pre-Budget Speech, NZ FM Calls For Reutilising Funds For Economy’s Recovery
May 03, 2021 09:18 PM PDT| By Team Kalkine MediaTuesday morning, New Zealand was greeted by Hon Grant Robertson, Minister of Finance, when he delivered his annual pre-budget speech to the audience at the Wellington Chamber of Commerce. Robertson stated that all the funds allocated for meeting C.....
New Zealand’s home transfers rose 34% in March 2021 quarter
May 03, 2021 09:00 PM PDT| By SonalSummary Home transfers in New Zealand rose by 34% on pcp in the March quarter of 2021. The high number of home transfers in March quarter comes after a strong December 2020 quarter. 192 home transfers were made to buyers who did not have New Z.....
MYOB Business Monitor: NZ SMEs still wary about economic recovery in 2021
May 02, 2021 07:00 PM PDT| By SonalThe annual MYOB small and medium enterprise survey shows that SME sector of New Zealand remains wary about the possibility of further economic recovery in 2021. The survey showed that nearly half (41%) of SMEs believed New Zealand’s economy wo...
Crucial events that can sway global markets this week
May 02, 2021 06:06 PM PDT| By Furquan MoharkanThe rally in the global equity markets has flattened in last few months. Mixed macro numbers numbers and India’s burgeoning COVID-19 numbers are holding the rally. Last week as well, the global equity markets were flat, primarily because of t.....
Will NZ Government Succeed In Putting The Brakes On Rising House Prices?
April 29, 2021 07:09 PM PDT| By Team Kalkine MediaSummary Kiwi land witnessing a colossal rise in its house prices for over a year. Low interest rates, government assistance were some of the main reasons for this huge rise. First-time home buyers facing the heat as affordable housing has now .....
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US GDP Grows By 6.4% In First Quarter As Economy Reopens
April 29, 2021 02:36 PM PDT| By Team Kalkine MediaSummary This strong impetus in the economy reflects the increased consumer spending, a key factor of GDP growth. A raft of government measures from rapid vaccination to financial aid to US households has helped rekindle demand, which pushed the.....
Indian, Thai and HK stocks lead the APAC rally
April 28, 2021 10:33 PM PDT| By Furquan MoharkanSummary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has reclaimed the historic 50,000-mark The shares in India, Thailand and Hong Kong were the top .....
Why New Zealand registered trade surplus of $33 million for March 2021
April 28, 2021 08:03 PM PDT| By Team Kalkine MediaLatest numbers from Stats NZ have shown that NZ’s trade balance was a surplus of $33 million for March. Trade balance shows the difference between a country’s exports and imports in a particular period of time. When a country's exp...
Will supply-demand imbalance continue as asking prices for NZ homes cross $8K mark?
April 28, 2021 06:29 PM PDT| By Team Kalkine MediaSummary NZ’s most used real estate website has revealed that average asking price of a home in NZ had reached $805,000. Housing demand rose 26%, while supply fell 9% in NZ in the month. House prices may be stable or can fall over this ye.....
From Free Education To Tax Cuts: An Insight Into Biden’s New Family Plan
April 28, 2021 02:36 PM PDT| By Team Kalkine MediaSummary The American Family Plans consist of US$1 trillion in investments and US$800 billion in tax cuts. Biden’s plan will provide more money to the middle class families for better education and child care. The administration proposes .....
Mixed bag for APAC markets on Australia, Japan macros
April 27, 2021 10:06 PM PDT| By Furquan MoharkanSummary Asian markets witness mixed bag on Japan, Australia economic data Australian markets are the second-best performers in APAC today The MSCI APAC is down 33 bps The Asia Pacific (APAC) stocks were a mixed bag on Wednesday as investo.....
RBNZ To Advise Government on Debt-to-Interest Ratios By May End
April 27, 2021 08:11 PM PDT| By RomaSummary The RBNZ is set to make announcements on DTI restrictions and interest-only loans in late May. The government was expected to make an announcement in this regard in its May 5 Report. The government urged the RBNZ to keep in mind housin.....
NZ Dollar Gains As Fed Is expected to Keep its Dovish Stance
April 27, 2021 12:47 AM PDT| By ManikaSummary Despite some economic recovery, Federal Reserve is set to keep its monetary policy stance unchanged Fed feels that although there is a good economic backdrop, the inflation and maximum employment targets are still way off. The NZ dolla.....
Where The Future Lies For NZ House Prices
April 25, 2021 11:36 PM PDT| By Team Kalkine MediaSummary House prices in NZ have soared 24% in March 2021. RBNZ expect property prices to slow down after housing initiatives taken by the government. Kiwibank and Westpac expects house prices to fall going ahead. House prices are expected.....
