Corporate results, Japan boost mood on Wall St
Stocks on Wall Street were up as investors' confidence was underpinned by better-than-expected US earnings and international support for Europe's debt.
Stocks on Wall Street were up as investors' confidence was underpinned by better-than-expected US earnings and international support for Europe's debt.
The New Zealand dollar faces pressure in its first full week of trading in 2011 as support for the greenback is bolstered by upbeat US data and renewed fears about European debt.
Commodities slid, taking stocks on Wall St. lower overnight, amid concern that rising food and raw materials prices would cut into corporate profits.
Gold investors have high hopes about price rises continuing in 2011.
If the good news is that the Reserve Bank expects rates to be lower for longer, the bad news is why it thinks that.
The New Zealand dollar will try to break above 80 US cents this week after the Federal Reserve said it will start printing US$600 billion.
World share markets have risen after the Federal Reserve's $600b plan to stimulate the US economy was well received.
New research says New Zealand is underperforming when it comes to high-value, processed food exports.
Dairy prices have slipped at Fonterra's overnight online auction, with the globalDairyTrade index down 2.5 per cent.