The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* US holiday tonight and Wellington Anniversary Day today in NZ
* Markets ended week on a positive note
– Stronger US data releases
– US equities stocks hit new highs
– Oil prices relatively unchanged
* Uncertainty remains on Brexit. Probability of BoE rate cut increases.
* NZ dollar takes direction from offshore