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Speaker 1: Shane Sally Harbor Resset Managements with US. Hello Shane, Hey, Heather, Right,

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Speaker 1: how are the investment markets reacting to the weekends around

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Speaker 1: related actions?

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Speaker 2: Yeah, it's been a bit of a rocky, rocky start

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Speaker 2: that we assumingly seen a risk off tone today reflecting

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Speaker 2: this diverging messaging from Iran as well in the US

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Speaker 2: over the weekend. Up just breaking it down, we see

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Speaker 2: the oil process mornings like one hundred and forty dollars

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Speaker 2: fifty's for print for barrel. Think she falling back to

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Speaker 2: beout one hundred and thirty now, which is where Friday's

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Speaker 2: close was, So then move there. Locally, big moves have

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Speaker 2: been in the New Zealand tenure government bond years. We've

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Speaker 2: seen them increase zero point one that's almost a four

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Speaker 2: point nine percent, which is a one year high. A

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Speaker 2: little bit about this global risk and a little bit

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Speaker 2: about the credit rating agency changes last week from Fitch

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Speaker 2: perhaps and his own sheer market down zero point seven

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Speaker 2: seven zero point seven percent today, driven by cyclical companies

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Speaker 2: such as Mainfare or when he brought future building, but

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Speaker 2: we're actually else with our head. We've seen the Japanese

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Speaker 2: market down more than three percent. Today and US features.

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Speaker 2: It's suggesting the US market will be down about zero

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Speaker 2: point three percent.

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Speaker 1: How did the market react to the profit results from

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Speaker 1: from Fontira ands?

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Speaker 2: They yeah, pretty good actually, Froontira's result was with strong

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Speaker 2: food services and the ingredients performing really well. We actually

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Speaker 2: saw a management team of Frontier upgrade earnings forecast for

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Speaker 2: the full year between fifty to sixty five cents. They

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Speaker 2: boosted dividends. They've given us a special given and of

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Speaker 2: sixteen cents confirmed that that two dollars payout this year

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Speaker 2: is going to come to on April fourteenth. That'll be

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Speaker 2: a well welcomed boost for parts. Using on economy. They

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Speaker 2: did warn about the Middle East conflict having impact on

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Speaker 2: supply chains and just being weary of inventary and costs.

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Speaker 2: But the Fontiership rose up two point four percent to

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Speaker 2: eight dollars forty three to day sin May a pre

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Speaker 2: guided week result for the first half. Cash outflows and

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Speaker 2: rising debt. They have a bit of a debt releaf

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Speaker 2: coming through with this Abbot asset sale and they're making

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Speaker 2: progress on their deal where they two to improve change

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Speaker 2: manufacturing and usc so as similarly, share prices actually a

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Speaker 2: nice bounce up three percent to fifty cents per year.

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Speaker 1: Okay, Now, Anna Breman is speaking at the Business New

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Speaker 1: Zealand Forum tomorrow. What are the markets pricing in for

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Speaker 1: the ocr.

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Speaker 2: Yeah, look, it's a it's an important speech by government Bremen.

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Speaker 2: Obviously the focus has changed in terms of the potential

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Speaker 2: impacts the evolved in the Middle East situation. That's what

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Speaker 2: the new speech is for. The RBY has been really

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Speaker 2: careful to say this is not premting managed to closer

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Speaker 2: committee meeting in April. But you know, the markets are

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Speaker 2: now pricing and the Rezero banking news on official overnight

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Speaker 2: cash rate to be increased by one point three percent

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Speaker 2: to three point five five percent by March twenty seven,

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Speaker 2: so within twelve miles the markets expecting official cash rates

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Speaker 2: to be above three and a half percent. Now, when

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Speaker 2: we look at it, your economy has surplus comparities. The

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Speaker 2: unemployment rate it's above average, so maybe the RBUS can

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Speaker 2: take a more measured approach, but markets are certainly putting

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Speaker 2: a bit of an in prese in Heather very interesting.

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Speaker 1: Hey, thanks very much. Shane has always Shane Sally Harbor

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