FUTURES P.C.P.s busy
The Prime commerccial paper (P.C.P.) contract was busy yesterday as call rates rose and investors anticipated tighter liquidity as the tax draw-off drew near, said Mr Geoff McDonnell, the manager of Mair Futures. The United States dollar contract was quiet yesterday after the New Zealand dollar had lost about US2.5c in the last two weeks.
The foreign exchange market appeared particularly settled at the moment, and there might not be any major movement up or down for some time yet, he said. Wool futures prices firmed 1c to be 4c to 5c above their lows of last week. SUS CONTRACTS
Mth Open H/L Last Vol Sep 1.9045 9050/8985 9030 21 Oct 1.9340 9340/9340 9340 1 Nov 1.9650 9650/9650 9650 1 Contracts traded: 21.
COMMERCIAL BILLS Mth Open H/L Last Vol Sep 7370 370/330 330 49 Oct 7545 545/517 517 70 Nov 7657 657/630 630 22 Dec 7750 760/745 745 11 Contracts traded: 152.
WOOL FUTURES Mth Open H/L Last Vol Oct 503 503/502 503 8 Dec 506 507/506 507 4 Jan 507 508/506 508 12 Mar 517 517/517 517 1 Contracts traded: 25.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850830.2.68.3
Bibliographic details
Press, 30 August 1985, Page 8
Word Count
186FUTURES P.C.P.s busy Press, 30 August 1985, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.