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While you were sleeping, Record dance continues

Wall Street climbed to new records, and Germany’s DAX too, amid expectations that global central bank support will continue to help underpin corporate profits. Australia’s central bank became the latest to lend a hand as it unexpectedly cut its key interest rate to 2.75 percent, from 3 percent, and said it was ready to do more. Investors are betting that …

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New Zealand dollar falls ahead of central bank report on financial stability

The New Zealand dollar fell ahead of a report by the central bank today which may flag concern about the country’s buoyant housing market and the impact of a high currency on exporters. The kiwi fell to 84.59 U.S. cents from 84.94 cents at 5pm in Wellington yesterday, while the trade-weighted index dropped to 78.26 from 78.58. Traders will be …

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