NEW ZEALAND:

Market news

8 December 2010

NEW ZEALAND:

The RBNZ will announce its monetary policy decision (21:00 GMT), with the OCR expected to remain unchanged at 3.0%. Westpac strategists look for the RBNZ to signal that the tightening cycle will resume during the first half of 2011.

Dow -1.36 at 11357.72, Nasdaq +7.11 at 2605.59, S&P +1.82 at 1225.60

ECB's Wellink said crisis has had a deep impact, this will continue, unemployment to remain high for years in a row.

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