Earnings Season Kicks Off as Tensions Ease between US and Iran

Vista Group International kicks off New Zealand's earnings season today, reporting its first-half results after signing up a string of customers to its cloud product.

The company's CEO Stuart Dickinson will present the results, which are expected to show a 6% dip in first-half earnings due to customer sign-ups to the company's cloud service keeping it on track to meet guidance.

In related news, US President Donald Trump has delayed his threatened strike on Iran, allowing Middle Eastern nations to work on an agreement to reopen the Strait of Hormuz and Organisation of Petroleum Exporting Countries (OPEC) to boost their collective production target by another 188,000 barrels a day next month.

The kiwi dollar fell against a stronger yen after Japan and the US coordinated intervention in currency markets to support the yen for the first time in 15 years.