Westpac says New Zealand GDP is set to contract in Q2 due to rising fuel prices
Every headline is on the live feed 20 minutes before this site.
[MARKET ANALYSIS] Oil prices are pressured and metals gained amid ceasefire hopes
Iran suspects US President Trump's peace talk push is a trick, while Iranian officials told countries attempting to mediate peace talks that they have been tricked twice by Trump and don't want to be fooled again, according to a source cited by Axios
Westpac says New Zealand GDP is set to contract in Q2 due to rising fuel prices
Kuwait's army says air defences responding to hostile missile and drone attacks
PBoC injects CNY 78.5bln via 7-day reverse repos with the rate at 1.40%
On the Newsquawk feed at , 20 minutes before this page.
Context
Westpac's forecast of a contraction in New Zealand's GDP for Q2 suggests significant headwinds driven by rising fuel prices. This may indicate broader inflationary pressures and could impact economic policy discussions, particularly regarding interest rates. Traders should watch for market reactions in NZD and related equities as this reflects potential economic slowdown.
Related headlines
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call15 hours ago
- [MARKET ANALYSIS] DXY gets some reprieve from recent selling as all eyes turn to Warsh following hot inflation metrics1 day ago
- US Market Wrap: Stocks recover from recent weakness as AI concerns ease1 day ago
- US FX WRAP: Dollar hit by lower US yields; AUD hit on poor jobs report1 day ago
- [MARKET ANALYSIS] DXY pressured on lower yields & AI concerns; AUD underperforms post-jobs data1 day ago
- UK GDP 3-Month Avg (Aug) 0.7% vs. Exp. 0.5% (Prev. 0.5%)2 days ago
- UK GDP (Aug YY) 2.1% vs. Exp. 1.7% (Prev. 1.8%)2 days ago
- UK GDP (Aug MM) 0.1% vs. Exp. -0.1% (Prev. 0.4%)2 days ago
- Germany's Finance Minister says he is not against China, China is an important partner, but is not playing by the rules and we should not be naive1 day ago
- IMF's chief Georgieva says northern countries need to rebuild their fuel reserves as winter is coming, adds no growth can reverse rising debt fast enough without fiscal effort and that central banks should be laser-focused on price stability1 day ago
- Japan is to sidestep 3.5% defence spending target despite US pressure, according to Asahi1 day ago
- Japan's Finance Minister Katayama says can't comment whether we would need extra budget or not, adds even if needed, the extra budget would be limited to urgent policy priorities1 day ago
- Japanese Economy Minister Kiuchi says proactive fiscal policy does not mean lax fiscal discipline 1 day ago
- IMF official says Middle East forecast assumes oil prices are to remain higher and sees return to normal trade and shipping in the first quarter 2027, while IMF official says all risks are tilting to the downside2 days ago
- Week in Focus 19-23rd October 2026: Highlights include UK, Japan and Canada inflation, China Activity Data and Global Flash PMIs 10 hours ago
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 10 hours ago
- US EQUITY OPEN: Stocks mixed at the open as AI stock rout continues16 hours ago
- Newsquawk European Market Wrap - 16th October 202616 hours ago
- Newsquawk Daily Economic Releases - 19th October 202616 hours ago
- Newsquawk Weekly Economic Calendar - 19th-23rd October 202616 hours ago
The feed had this first.
Use the Platform