New Zealand Balance of Trade (Feb) -257B vs. Exp. -0.74B (Prev. -0.519B)
Newsquawk Staff ·
New Zealand Balance of Trade (Feb) -257B vs. Exp. -0.74B (Prev. -0.519B)
What it means
The wider-than-expected trade deficit in New Zealand for February could signal a deterioration in external demand or an increase in imports, posing potential risks to the currency's strength. With the deficit significantly larger than anticipated, this may influence expectations regarding monetary policy, as the central bank could factor in trade performance when considering interest rate decisions. Traders should watch for possible volatility in NZD as market participants digest this data.
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- Phillips 66 (PSX) Q3 2026 (USD): Adj. EPS 14.08 (exp. 11.73)
- [MARKET ANALYSIS] Antipodeans diverge as AUD saw strong CPI and NZD slumped on a surprise RBNZ hold, DXY awaits the Fed
Related headlines
- Ukrainian President Zelensky says Ukraine will not attack Russian ships carrying diesel for the US7 hours ago
- RBNZ Governor Breman says highly likely we'll see OCR increases at coming meetings, also notes good conditions for inflation slowing in 202711 hours ago
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause12 hours ago
- RBNZ Governor Breman says agreed tighter policy will likely be required, conditional on the economy, adds committee discussed decline in NZD, which if sustained could add to imported inflation12 hours ago
- China (Sep) outstanding individual mortgage loans -4.1% Y/Y; outstanding property loans -5.2% Y/Y5 hours ago
- BoC hikes rates by 25bps as expected to 2.5%; says there could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully59 min ago
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)59 min ago
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.1 hour ago
- UK Chancellor Healey announces new measure on housing; will provide additionally GBP 1.5bln for social and affordable housing programme1 hour ago
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects1 hour ago
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios1 hour ago
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats1 hour ago
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports1 hour ago
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports2 hours ago
- UK Chancellor Healey says budget will be based on fiscal discipline2 hours ago