AGP Executive Report
Last update: 7 hours agoMarkets: The NZX 50 rose 1.4% to a record 14,167.41, led by Infratil and Meridian, as falling oil prices buoyed global shares. The kiwi dollar also gained after Reserve Bank chief economist Paul Conway said inflation remains too high and he was comfortable surprising markets. Rocket Lab: The Kiwi-founded company posted record quarterly revenue of US$268 million and a US$3.57 billion backlog, up 52% in a quarter. Strong Neutron demand is lifting prices, but wider loss forecasts sent shares lower after hours. Business outlook: Retail spending remains subdued ahead of Christmas, while business leaders say election uncertainty is weighing on confidence as coalition talks loom. ANZ New Zealand’s annual profit has also fallen from last year’s record. Dairy regulation: Fonterra wants the Dairy Industry Restructuring Act modernised, while arguing its milk-price regime should remain. Digital finance: The FMA is consulting on when NZ-dollar stablecoins should be exempt from classification as financial products; submissions close on December 18.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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