The 'Saudi Arabia' of milk shakes off dairy gloom

The New Zealand dollar and stocks are rising as a delay in a US rate hike lures investors to embrace risk.

Summary: In New Zealand, stocks and the currency have been climbing. Although milk prices are down compared to a year ago, they have jumped since August as Chinese demand holds up. Tourist arrivals are at record levels and home prices have jumped.

Key take-out: New Zealand’s overall market doesn’t look cheap but now may be a good time to look for bargains ahead of a possible rate cut.

Key beneficiaries: General investors. Category: International investing.

Got milk?

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles