13,700.12S&P/NZX 50 · Tue 6 Oct close · +0.01% on the day

DailyDrop.

—NZD/USD · Tue 6 Oct close not confirmed
NZX 5013,700.12▲0.01%10/6NZD/USD—S&P 5007,773.95▲0.66%10/5WTI$89.43▼1.84%10/5Gold$4,156.80▼0.13%10/5
Politics · PollsPress ✓ 3 outlets · poll figures attributed to RNZ-Reid Research

National falls to 25.9% in RNZ-Reid Research poll, its weakest since 2020, with Opportunity holding the balance

Labour leads on 30.8% but has fallen for a third poll in a row. The Greens are on 14.8% and Opportunity on 5.5%, enough to decide who governs.

A poll for RNZ by Reid Research put National on 25.9%, down 3.2 points since August and its lowest result since the 2020 election, according to interest.co.nz, the Otago Daily Times and a Reuters report. Labour was on 30.8%, down 1.4 points for a third consecutive fall. The Greens were on 14.8% and Opportunity on 5.5%, up 0.2 points and above the 5% party-vote threshold for a second poll running. Reid Research surveyed 1000 eligible voters online between 24 September and 1 October, with a margin of error of up to 3.1 points.

Interest.co.nz translated the figures into 37 seats for Labour, 18 for the Greens and 6 for Opportunity, a combined 61 in a 120-seat Parliament, enough to govern. The Otago Daily Times reported that neither the current coalition nor a Labour-Greens-Te Pāti Māori combination would have a majority without Opportunity, whose projected MPs it counted at seven. It noted that Luxon has previously ruled out working with the party. The late-September 1News-Verian poll had National and Labour level on 28%, with the Greens at a record 16%, so the polls do not agree on who leads.

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By the numbers
25.9%National in the RNZ-Reid Research poll, down 3.2 points
30.8%Labour, down 1.4 points
5.5%Opportunity, above the 5% threshold
Politics · DebatePress ✓ 2 outlets · studio panel and Vote Compass are not scientific polls

Hipkins edges Luxon in the first leaders' debate as cost of living, trust and racism dominate

Chris Hipkins and Christopher Luxon met in the first TVNZ leaders' debate on Tuesday 6 October, a month before the election, according to 1News and The Spinoff. The 90-minute debate was moderated by Jack Tame. The leaders clashed over the cost of living, trust and racism. Hipkins accused Luxon of "saying things that aren't true", while Luxon repeatedly said Labour's promises were unfunded.

A studio panel of undecided voters favoured Hipkins, 49% to 24%, which 1News said was not a scientific result, and Luxon said it was "literally 100 people in a studio". Commentators generally gave Hipkins a narrow win while saying neither leader won over many voters.

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Word of the day
Vote CompassPolitics

An online tool in which people say how they would vote and who they thought won; not a random sample.


Economy · BusinessPress ✓ 3 outlets · survey figures per NZIER via Westpac

Business confidence rebounds to a net 40% in NZIER survey, though demand stays soft

General business sentiment rose to a net 40% positive in the September quarter, up from a net 14% in June, according to the NZIER Quarterly Survey of Business Opinion as summarised by Westpac and reported by Bloomberg. That returns it to around the level before the Middle East conflict. Hiring intentions were a net 23% positive, although actual employment over the past quarter fell.

Trading activity was slightly negative at net −1, and expectations for the next three months were a net +15. Westpac noted that the survey ran from 9 to 28 September and that about 40% of replies came on the first day, with later responses more cautious as oil-driven fuel price rises fed through. Bloomberg's headline said firms were upbeat despite soft demand.

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Nation · PolicePress ✓ 2 outlets · details per New Zealand Police

Woman, 33, charged with attempted murder over the Glendene stabbing

Police charged a 33-year-old woman with attempted murder after the stabbing at Kirby Street, Glendene, which happened about 11.40pm on Sunday, according to New Zealand Police and 1News. She was due to appear in the Waitākere District Court by bedside hearing. A charge is not a finding of guilt.

Police said one person had surgery and remained critical, another was serious but stable, and a third had moderate injuries and was recovering at home. They said a child was among those hurt, and that everyone involved was known to each other, so they were not looking for anyone else. Police thanked neighbours who gave aid before emergency services arrived. Support is available by calling or texting 1737.

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Markets · New ZealandPress ✓ 2 outlets · US closes per market data

NZX 50 ekes out a 1.1-point gain to 13,700 as Gentrack rallies and Serko slides

The S&P/NZX 50 index rose 1.1 points to 13,700.12 on Tuesday 6 October, according to the National Business Review, with 27 shares up, 19 down and 4 unchanged. Interest.co.nz's 3pm snapshot had shown a 0.2% gain, a five-day rise of 0.3% and 55 gainers against 36 decliners, so the market faded into the close. DailyDrop could not confirm an official NZ dollar closing rate, so the right-hand ear box shows a dash.

In the US, the latest completed session was Monday 5 October: the S&P 500 rose 0.66% to 7,773.95, West Texas Intermediate fell 1.84% to US$89.43 and gold slipped 0.13% to US$4,156.8, according to market data.

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By the numbers
13,700.12NZX 50 close Tuesday (NBR)
+6%Gentrack, to $3.88
−4%Serko, to $1.21
In brief
  • RNZ-Reid poll: National 25.9%, Labour 30.8%, Greens 14.8%, Opportunity 5.5%interest.co.nz, ODT
  • First TVNZ leaders' debate: studio panel favours Hipkins 49% to 24%1News
  • NZIER survey: business sentiment net 40% positive, up from 14%Westpac IQ, NZIER
  • Woman, 33, charged with attempted murder over Glendene stabbingNZ Police, 1News
  • Luxon declines second TVNZ debate; 5 November slot becomes People's Debate1News
  • Gentrack +6% after Yarra Capital 5.1% stake; NZX 50 closes at 13,700.12NBR
  • Vote Compass: 44% of respondents say Hipkins won the debate, 25% Luxon1News
  • S&P 500 7,773.95 (+0.66%), WTI US$89.43 (−1.84%), gold US$4,156.8 (−0.13%) at Monday's US closemarket data
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Unverified — what we cannot confirm

"Labour and the Greens have already won." Headlines such as "Labour, Greens firm as likely NZ election winner" (Canberra Times) overstate it. The ODT reports neither bloc has a majority without Opportunity, and the 1News-Verian poll has National and Labour level.
"The studio panel proves Hipkins won the debate." The panel of about 100 undecided voters is not a scientific poll, as 1News itself said, and Luxon dismissed it.
Glossary · dotted words — economic, legal, political and science terms explained in context. The list grows every day.
INSIDENational falls to 25.9% in RNZ-Reid Research poll, its weakest since 2020, with Opportunity holding the balancePolitics · PollsHipkins edges Luxon in the first leaders' debate as cost of living, trust and racism dominatePolitics · DebateBusiness confidence rebounds to a net 40% in NZIER survey, though demand stays softEconomy · BusinessWoman, 33, charged with attempted murder over the Glendene stabbingNation · PoliceNZX 50 ekes out a 1.1-point gain to 13,700 as Gentrack rallies and Serko slidesMarkets · New Zealand