BNZ
BNZ report sees 7% house price growth this year but warns of downside risks too
25th Mar 25, 10:41am
16
BNZ report sees 7% house price growth this year but warns of downside risks too
Risk appetite higher as market embraces view that 'Liberation Day' will see narrower scope of tariffs than previously thought. US services PMI stronger than expected, allaying recession fears. US Treasury yields up towards top of recent trading range
25th Mar 25, 7:48am
Risk appetite higher as market embraces view that 'Liberation Day' will see narrower scope of tariffs than previously thought. US services PMI stronger than expected, allaying recession fears. US Treasury yields up towards top of recent trading range
US equities slightly higher, US Treasuries in a tight trading range, USD slightly stronger. Nine more sleeps until "Liberation Day", when Trump's reciprocal tariffs take effect; speculation that they will be narrower than previously threatened
24th Mar 25, 7:22am
US equities slightly higher, US Treasuries in a tight trading range, USD slightly stronger. Nine more sleeps until "Liberation Day", when Trump's reciprocal tariffs take effect; speculation that they will be narrower than previously threatened
US Treasuries well supported in the wake of yesterday's Fed policy update; 10-year rate extends fall to 4.17% overnight before reversing. BoE leaves rates unchanged
21st Mar 25, 7:53am
US Treasuries well supported in the wake of yesterday's Fed policy update; 10-year rate extends fall to 4.17% overnight before reversing. BoE leaves rates unchanged
ASB trims some home loan rates but these aren't significant or competitive. They also cut most key term deposit rates. The net effect is a margin gain
20th Mar 25, 8:50am
5
ASB trims some home loan rates but these aren't significant or competitive. They also cut most key term deposit rates. The net effect is a margin gain
The US Fed left rates on hold as expected. Policy makers continue to signal 50bp of cuts for this year. Plan slower balance sheet runoff. BofJ left rates on a cautious hold. NZ consumer confidence slumps
20th Mar 25, 7:55am
The US Fed left rates on hold as expected. Policy makers continue to signal 50bp of cuts for this year. Plan slower balance sheet runoff. BofJ left rates on a cautious hold. NZ consumer confidence slumps
Trump and Putin talk but make little progress. Germany's lower house approves massive fiscal plan to boost defence and infrastructure spending. US equities weaker, US Treasuries continue to consolidate
19th Mar 25, 8:13am
Trump and Putin talk but make little progress. Germany's lower house approves massive fiscal plan to boost defence and infrastructure spending. US equities weaker, US Treasuries continue to consolidate
Labour's Arena Williams says the Government needs to commit to increasing banking competition, not reducing financial regulations
18th Mar 25, 8:30am
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Labour's Arena Williams says the Government needs to commit to increasing banking competition, not reducing financial regulations
Weak US retail sales weighed by cars, but stronger control group sales that feed into GDP came as a relief. US equities in positive territory. Stronger than expected China data, while government outlines plan to boost domestic consumption
18th Mar 25, 7:49am
Weak US retail sales weighed by cars, but stronger control group sales that feed into GDP came as a relief. US equities in positive territory. Stronger than expected China data, while government outlines plan to boost domestic consumption
Strong rebound for US equities. But US consumers' long term inflation expectations reached the highest level since 1993 while sentiment slumped. Euro gains after after a deal for massive German fiscal expansion
17th Mar 25, 7:29am
Strong rebound for US equities. But US consumers' long term inflation expectations reached the highest level since 1993 while sentiment slumped. Euro gains after after a deal for massive German fiscal expansion
Fintechs, or financial technology companies, are touted as a threat to banks and a way to boost banking competition. But should the big banks be quaking in their boots?
15th Mar 25, 9:34am
3
Fintechs, or financial technology companies, are touted as a threat to banks and a way to boost banking competition. But should the big banks be quaking in their boots?
More tariff headlines with Trump proposing 200% retaliatory tariffs on the EU after its retaliatory tariffs on the US. Risk appetite weaker, with US equities showing chunky falls again and US Treasuries well supported
14th Mar 25, 7:46am
1
More tariff headlines with Trump proposing 200% retaliatory tariffs on the EU after its retaliatory tariffs on the US. Risk appetite weaker, with US equities showing chunky falls again and US Treasuries well supported
US 25% tariffs on steel and aluminium take effect prompting retaliatory actions from the EU. US CPI weaker than expected though tariffs create uncertainty looking forward. Bank of Canada cuts rates by 25bp to 2.75% as expected
13th Mar 25, 7:42am
US 25% tariffs on steel and aluminium take effect prompting retaliatory actions from the EU. US CPI weaker than expected though tariffs create uncertainty looking forward. Bank of Canada cuts rates by 25bp to 2.75% as expected
US-Canada trade war escalates; US to impose higher tariffs on steel, aluminium and cars from Canada. US equities tumble further; US Treasuries yields push higher
12th Mar 25, 7:53am
1
US-Canada trade war escalates; US to impose higher tariffs on steel, aluminium and cars from Canada. US equities tumble further; US Treasuries yields push higher
KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning
12th Mar 25, 7:41am
KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning
[updated]
Antonia Watson says ANZ NZ doesn't try to hold back interest rate cuts from borrowers via slow post-OCR cut rate changes
11th Mar 25, 4:52pm
2
Antonia Watson says ANZ NZ doesn't try to hold back interest rate cuts from borrowers via slow post-OCR cut rate changes
Market anxiety rises after Trump dodges question on recession. US equities tumble, led by the mega cap stocks; Nasdaq index down over 4%. Weaker risk sentiment supports US Treasuries and JPY
11th Mar 25, 7:41am
Market anxiety rises after Trump dodges question on recession. US equities tumble, led by the mega cap stocks; Nasdaq index down over 4%. Weaker risk sentiment supports US Treasuries and JPY
ANZ’s Antonia Watson and BNZ’s Dan Huggins reappear at banking competition inquiry, face scrutiny over capital requirements
10th Mar 25, 3:41pm
ANZ’s Antonia Watson and BNZ’s Dan Huggins reappear at banking competition inquiry, face scrutiny over capital requirements
Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case
10th Mar 25, 1:57pm
6
Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case
US labour market data in line with consensus expectations. The S&P rebounded from earlier losses to close higher. Fed chair Powell reiterated the central bank doesn’t need to hurry to cut rates
10th Mar 25, 7:37am
US labour market data in line with consensus expectations. The S&P rebounded from earlier losses to close higher. Fed chair Powell reiterated the central bank doesn’t need to hurry to cut rates
Choppy markets on uncertainty over US import tariffs. US equities fall 2%. ECB cuts 25bps as expected. German rates continue to push higher in the wake of the move to ease the debt brake and ramp up defence and infrastructure spending
7th Mar 25, 7:50am
Choppy markets on uncertainty over US import tariffs. US equities fall 2%. ECB cuts 25bps as expected. German rates continue to push higher in the wake of the move to ease the debt brake and ramp up defence and infrastructure spending
Lower home loan rate offer changes are in a quiet phase and the background funding environment isn't opening many opportunities for banks to go much lower, meaning the next circuit breaker is hard to see
6th Mar 25, 11:29am
16
Lower home loan rate offer changes are in a quiet phase and the background funding environment isn't opening many opportunities for banks to go much lower, meaning the next circuit breaker is hard to see
Large moves across European markets after Germany revealed plans to allow for more defense and infrastructure spending. US services ISM beats consensus expectations breaking the run of weak US activity data
6th Mar 25, 7:45am
Large moves across European markets after Germany revealed plans to allow for more defense and infrastructure spending. US services ISM beats consensus expectations breaking the run of weak US activity data
Tariffs go into effect. Equity markets tumble further. Market sees Fed more focused on unemployment mandate than inflation and prices in more Fed easing; US Treasuries curve steepens
5th Mar 25, 7:52am
1
Tariffs go into effect. Equity markets tumble further. Market sees Fed more focused on unemployment mandate than inflation and prices in more Fed easing; US Treasuries curve steepens
Market watching the clock, with fresh wave of US import tariffs tariffs due 4 March, US time. US ISM manufacturing survey disappoints. European equities stronger and rates higher on more defence spending in the region; European currencies outperform
4th Mar 25, 7:47am
Market watching the clock, with fresh wave of US import tariffs tariffs due 4 March, US time. US ISM manufacturing survey disappoints. European equities stronger and rates higher on more defence spending in the region; European currencies outperform