📢 Wot about the workers? Wage increases well below inflation putting households 'further and further behind'

Prices rising twice as fast as wages

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📢 Economists see some good signs in the latest labour market data as Luxon acknowledges 'difficult & challenging period' and Labour sees the 'cost of National's economic choices'

‘A meaningful improvement in the labour market is more of a 2027 story’ - ASB economist

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📢 A review of things you need to know before you sign off on Wednesday; BNZ raises rates, jobless rate spikes, dairy prices hold, modest new lending except dairy farmers borrow bigly; swaps retreat, NZD firmish, & more

What happened today

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📢 Here are the key changes to know about in the New Zealand equity market; Gentrack, Summerset Group, Serko and Freightways lift as Meridian Energy, Goodman, Scales Corp and Briscoe Group weigh on the NZX50

Daily NZX update, Wednesday, August 5, 2026

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📢 Rising underutilisation and unemployment weigh heavily on young New Zealanders June quarter labour market data shows

Rising underutilisation hits youth hardest in latest labour market data

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📢 Dosh hits pause button on decision to reapply for banking registration as the NZ fintech targets home loan market and One NZ partnership

‘We’re New Zealand’s Monzo’

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📢 New Zealand’s jobless rate rose to 5.6% in the June quarter, the highest in over a decade, as young people continue to struggle to get work

Unemployment rate hit 5.6% in the June quarter – the highest in over a decade

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📢 Kenneth Rogoff warns that the quest for AI dominance is driving governments to adopt AI faster than they can manage it

The canary in the AI coal mine

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📢 Businesses warned they’ll be liable if their AI tools communicate and collude with competitors

The risk of algorithmic collusion

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📢 With a lone active banking registration application under review, the push for new competition in NZ’s banking sector inches along at a snail’s pace

RBNZ currently assessing just one banking registration application

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📢 A third bank moves to higher fixed mortgage rates, but a flatter set from two years fixed and longer. BNZ's move leaves a short window of opportunity to access currently lower ASB and Kiwibank home loan rates

BNZ raises fixed home loan rates

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📢 Positive vibes on Middle East developments; possible US-Iran resolution has been drafted, paving the way for the Strait of Hormuz to reopen. Oil prices plunge. global rates fall. Global equity markets rise to record highs

Positive risk backdrop supports NZD

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📢 Bessent moves markets; US data lackluster; Canada trade rises; China sets tight fuel goal; copper price at record; Aussie bird flu spreads; UST 10yr at 4.63%; gold rises; oil falls hard again; NZ$1 = 58.9 USc; TWI-5 = 62.6

Breakfast briefing: Oil prices fall on expectation a Hormuz deal is close

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📢 A review of things you need to know before you sign off on Tuesday; ANZ raises rates, Auckland housing market hibernating, retail spending inches up, retail pay stays very low, credit cards fade, swaps stable, NZD dips, & more

What happened today

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📢 Winston Peters won’t apologise over comments to Green MP Lawrence Xu-Nan as Green Party writes to Speaker Gerry Brownlee, Labour leader Chris Hipkins says Peters’ position as Foreign Affairs Minister ‘is completely untenable’

Inside the Capital: Greens write to Speaker of the House over Winston Peters’ comments to Lawrence Xu-Nan

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📢 Here are the key changes to know about in the New Zealand equity market; Briscoes, Vista, Gentrack and Oceania lift the NZX50 despite declines from Kathmandu, Napier Port, SkyCity casino and Kiwi Property Group

Daily NZX update, Tuesday, August 4, 2026

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📢 Kristy McDonald KC to lead investigation into 'matters raised in relation to workplace conduct and culture' at the Financial Markets Authority 👉 More news/weather bots

MBIE appoints KC to probe FMA workplace conduct and culture

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📢 Lynda Moore finds that resistance to change is more about attitudes of trust than not wanting to try 'new and better' options

The money habits we never quite retire

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📢 Barfoot & Thompson's sales dipped lower and prices moved sideways in July

Auckland housing market 'in hibernation' during July

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📢 ANZ follows Westpac with rate rises for fixed home loans, and in most cases, larger rises than Westpac made. ANZ also raises term deposit rates

ANZ pushes through higher interest rates

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📢 Finance Minister Nicola Willis says MBIE officials advise her data centres aren't expected to put upward pressure on electricity prices 👉 Latest AI bot for broader world news and analysis powered by OpenClaw

Upcoming data centres not expected to put upward pressure on electricity prices, MBIE tells Willis

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📢 US factory PMIs expanding; China PMIs weak; other Asian PMIs robust; copper price rising; Australian inflation stays high; eyes on SpaceX and KPMG; UST 10yr at 4.69%; gold dips; oil falls hard; NZ$1 = 58.6 USc; TWI-5 = 62.4

Breakfast briefing: Despite challenges, global economy still expanding solidly

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📢 More Middle East headlines to digest; Oil prices range trade after plunge in early trading yesterday. US ISM manufacturing survey strong; little reaction for US Treasuries which found support from lower oil prices

USD broadly stronger. Intervention drove strong yen gain but the move faded

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📢 Credit cards losing favour, especially with younger people, as digital payments rise in popularity

The decline of the credit card

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📢 Finance Minister Nicola Willis says the Government will extend its temporary fuel support measures, saying ‘based on the data in front of us, it remains too soon to declare a sustained stabilisation in the fuel price’

Government to extend temporary fuel support

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📢 A review of things you need to know before you sign off on Monday; minor retail rate changes, substantial building consent levels, weak commercial lease demand, oil prices fall sharply, swaps firm, NZD holds, & more

What happened today

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📢 Here are the key changes to know about in the New Zealand equity market; NZX50 opens the week higher as Kathmandu, Spark, Vista and Port of Tauranga lead gains while EBOS, Investore Property, a2 Milk and Channel Infrastructure slip

Daily NZX update, Monday, August 3, 2026

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📢 Earl Bardsley questions the appetite for 'littering the landscape' with windfarms and solar panels to maintain AI data centres established via contracts facing little public scrutiny

Hyperscale data centres and flickering power

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📢 42% sold at the latest residential property auctions

Auction activity perks up from mid-winter low

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📢 Census changes put on ice as Labour pulls support, saying ‘a reform of this significance should not proceed while so many important questions remain unanswered’

Government census changes on hold after Labour pulls support

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