Traffic through NZ airports to double: Airbus

Airbus forecasts the volume of traffic through New Zealand’s top three airports will almost double to 45 million passengers a year within the next 20 years and Auckland will become an “aviation mega-city.”Strong economies, tourism…

LinkedIn joins Twitter in post-earnings tumble

NEW YORK (AP) ” Dumping social media stocks that show any sign of weakness is trending on Wall Street.Shares of LinkedIn Corp. plunged 21 percent in after-hours trading Thursday after the professional networking service gave a disappointing…

The Opening Bell: Where currencies start on Friday, May 1, 2015

Tweet By Dan Bell The NZDUSD opens at 0.7625 this morning. The RBNZ elected to hold the OCR at 3.5% yesterday which was the sixth straight month with no change. They said “it would be appropriate to lower the OCR if demand weakens, and wage and price-setting outcomes settle at levels lower than is consistent with the inflation target”. This …

New Zealand 2-10 curve suddenly at its steepest since December 2014 and it may get steeper still

Tweet By Kymberly Martin Curve steepening was the main theme in NZ rates markets yesterday. Overnight, US 10-year yields pushed up from 2.02% to 2.07%. Yesterday’s NZ curve steepening resulted from opposing forces at either end of the curve. Long-end yields were on the ascent from the open, following the previous night’s offshore moves. By contrast, short-end yields quickly fell …

NZD recovering from post RBNZ losses; AUD leaking lower, many analysts expecting RBA rate cut next week, US jobless data at lowest point since 2000

Tweet By Raiko Shareef The USD attempted to regain some composure overnight, keying off a softer JPY and AUD. But the relentless upward pressure in EUR has stifled a broad-based USD recovery. NZD has taken back nearly half of its post-RBNZ losses. The AUD leaked lower through the session, giving up about half of its early-week gains. It remains sensitive …