Government drops funding for Accommodation Survey - Hospitality NZ

Hospitality New Zealand is concerned for the future of NZ tourism, following news that MBIE will stop funding for the Commercial Accommodation Monitor - the primary source of crucial data and insights for New Zealand’s number one export earning industry

Pow Powell - CMC Markets

US Federal Reserve chair Jerome Powell soothed investor trade fears with comments overnight that the Fed stands ready to take "appropriate action" should "trade negotiations and other matters" slow economic expansion. Shares jumped, bonds eased off highs and industrial commodities rose.

Stock crumble continues - CMC Markets

European stocks slumped last night as relations between Italy and the EU hit a debt friction point. US stocks hit three-month lows ahead of GDP and inflation data due tonight. Fears that the numbers will confirm a slowing US economy rattled investors and drove bond prices up.

FMA charges filed against man who convinced public to ‘invest’ with him

The Financial Markets Authority has charged a man with offences under the Crimes Act and the FMA Act at the Manukau District Court.

He has been charged with:

- 16 charges of obtaining by deception under Section 240 of the Crimes Act 1961

Cryptos star as Europe bounces, Vocus in focus - CMC Markets

The absence of UK and US participants led to a subdued overnight trading session. European shares bounced as more moderates than expected gained seats and Greece called a general election. Traditional currency markets were steady, allowing recovering digital currencies to take the spotlight.

Fonterra provides strategy, milk price and earnings updates

Fonterra Co-operative Group Limited today gave an update on its strategy review and shared timeframes for turning around the Co-op’s performance.

Markets favour growth despite trade tensions - CMC Markets

A ramping of trade rhetoric appeared to have little impact on investor sentiment in overnight trading. Despite an escalation beyond tariffs, and strong words from China, shares rallied, and bond prices and the Japanese yen fell.

Firm China rattles markets - CMC Markets

A strong Chinese response to last week’s US moves weighed on tech stocks in overnight trading. Bonds yield edged higher and the US dollar held recent gains as investors headed for safety.

Election results drive regional markets - CMC Markets

By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking

New Zealand Tourism Strategy in the nick of time - Tourism Export Council

The New Zealand Tourism Strategy has been released just in the nick of time according to tourism exporters.