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New Zealand’s net international liability position was $177.9 billion (55.5 percent of GDP) at 30 September 2020, $2.4 billion narrower than at 30 June 2020, Stats NZ said today.
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
From Cyprus and Luxembourg to Tanzania and Mauritius, Kiwis spent money in 61 countries on Black Friday and Cyber Monday.
Markets maintained their vaccine inspired pro-growth stance in overnight trading. Crude, copper and iron all rose, and the Nasdaq hit new record highs despite late wobbles. The US dollar continued its slide and higher beta currencies rose.
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
Lower export prices for dairy, meat, and logs in the September 2020 quarter led to the biggest drop in terms of trade since June 2009, Stats NZ said today.
By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking
European shares edged lower in overnight trading as the global re-opening rally stalled. US markets were closed for the Thanksgiving holiday. Crude oil fell, and gold and bonds received investor support. Bitcoin took centre stage, trading a $2700 range as it pulled back from all-time highs.
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
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