International

Our International research for New Zealand covers the reporting and forecasting of New Zealand economic data as well as research and commentary on important New Zealand political and corporate events.

Our UK research covers developments in the US and Europe the previous day and in Australia and New Zealand overnight.

International Economist (UK)
CBA NZ Economist (NZ)
Economist (NZ)

Nicola Chadwick
Chris Tennent-Brown
Jane Turner

(44) 20 7710 3918
(649) 374 8819
(640) 374 8185

nicola.chadwick@cba.com.au
chris.tennent-brown@asbbank.co.nz
jane.turner@asb.co.nz

2 December 2008 - AEST 8.30am - The US economy is officially in recession - European sharemarkets fell on Monday as traders took profits on the solid gains recorded for shares and commodities last week - With an hour of trade to go the Dow Jones was lower by 395pts or 4.5pct while the S&P was lower by 5.3pct and the Nasdaq was lower by 85pts or 5.6pct - USD made modest gains against Euro and commodity currencies but slumped against the Japanese yen - Crude oil prices fell sharply on Monday - Base metal priceswere generally lower - And the price of gold fell after traders booked profits on last weeks solid gains.

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