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New Zealand’s services sector expanded for a third consecutive month in August, with the BNZ–BusinessNZ Performance of Services Index rising from 50.6 to 51.2. The reading was also above June’s 50.9, matched the level recorded Read more…
Market participants remain acutely aware of the risks facing the world, particularly due to energy costs, with the price of Brent oil having risen from around USD88 to USD108 over the past month. At the Read more…
Tensions between the U.S. and Iran increased last week, raising concerns about energy supplies from the Middle East. Projectiles reportedly hit Saudi Arabia’s East-West oil pipeline system, helping push WTI crude oil above $100. Higher Read more…