Earlier from New Zealand:

NZ PM Key will not stand for re-election in 2017

Treasury report for November, in brief:

  • Robust labour market and retail sales data point to solid third quarter GDP growth
  • An earthquake on 14 November caused some localised disruption to activity in central New Zealand but nation-wide impacts appear limited
  • Global financial market volatility increased in November, reflecting the unexpected change in the outlook for US economic policy in light of the presidential election