BNZ
Modest recovery in US equities after their slump following the Fed's hawkish rate cut. US 10-year rate rises to its highest level since the end of May; curve steepens
20th Dec 24, 7:59am
1
Modest recovery in US equities after their slump following the Fed's hawkish rate cut. US 10-year rate rises to its highest level since the end of May; curve steepens
Global asset markets in a holding pattern ahead of the US Federal Reserve’s interest rate decision this morning. US dollar generally firm against G10 currencies
19th Dec 24, 7:24am
Global asset markets in a holding pattern ahead of the US Federal Reserve’s interest rate decision this morning. US dollar generally firm against G10 currencies
MinterEllisonRuddWatts' Sarah Salmond & Alex Church explain what the recent BNZ v Gloriavale judgment means
19th Dec 24, 5:00am
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MinterEllisonRuddWatts' Sarah Salmond & Alex Church explain what the recent BNZ v Gloriavale judgment means
SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete
18th Dec 24, 3:11pm
1
SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete
Kiwibank says it could slash big bank profits by $1.5 billion a year if it is allowed to raise growth capital and compete at scale
18th Dec 24, 12:41pm
10
Kiwibank says it could slash big bank profits by $1.5 billion a year if it is allowed to raise growth capital and compete at scale
Commodity and Asia-pacific currencies underperform; NZD, AUD, CAD, Asia Dollar index fall to year, or multi-year, lows. US retail sales data conveying robust consumer spending
18th Dec 24, 7:47am
Commodity and Asia-pacific currencies underperform; NZD, AUD, CAD, Asia Dollar index fall to year, or multi-year, lows. US retail sales data conveying robust consumer spending
PMI data show rising momentum across the services sector in Europe, with the US continuing to outperform. US Treasury yields near session highs after the data; 10-year rate at 4.41%; US equities stronger
17th Dec 24, 7:55am
PMI data show rising momentum across the services sector in Europe, with the US continuing to outperform. US Treasury yields near session highs after the data; 10-year rate at 4.41%; US equities stronger
Activity in NZ's services sector has improved, but still remains at contractionary levels, while manufacturing has moved further into contraction
16th Dec 24, 10:49am
14
Activity in NZ's services sector has improved, but still remains at contractionary levels, while manufacturing has moved further into contraction
The selloff in US treasuries continued. US dollar stable overall. Soft tone for Asian equities after Chinese policy makers failed to offer details on fiscal stimulus. Chinese 10-year bonds reach a record low
16th Dec 24, 7:24am
The selloff in US treasuries continued. US dollar stable overall. Soft tone for Asian equities after Chinese policy makers failed to offer details on fiscal stimulus. Chinese 10-year bonds reach a record low
David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters
15th Dec 24, 6:30am
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David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters
US PPI data higher than expected but friendly undertones. ECB cuts policy rate by 25bps, but not as dovish as expected. Stronger Australian employment report hoses down rate cut expectations
13th Dec 24, 7:53am
US PPI data higher than expected but friendly undertones. ECB cuts policy rate by 25bps, but not as dovish as expected. Stronger Australian employment report hoses down rate cut expectations
The relentless trimming of bank term deposit rate cards has most of them on the cusp of falling below 5% for all terms
12th Dec 24, 10:06am
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The relentless trimming of bank term deposit rate cards has most of them on the cusp of falling below 5% for all terms
US CPI data matched expectations clearing the way for a 25bp rate cut by the Fed next week. Canada cut rates by -50 bps. NZD hit on talk about China yuan policy
12th Dec 24, 7:41am
US CPI data matched expectations clearing the way for a 25bp rate cut by the Fed next week. Canada cut rates by -50 bps. NZD hit on talk about China yuan policy
Federated Farmers asks the Commerce Commission to investigate bank 'cartel-like' climate goals, BNZ tells petrol station owners it won't offer any new loans to the sector
11th Dec 24, 11:58am
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Federated Farmers asks the Commerce Commission to investigate bank 'cartel-like' climate goals, BNZ tells petrol station owners it won't offer any new loans to the sector
RBA makes a dovish pivot after recent softer data; market brings forward path of easier policy, driving down Australian rates and the AUD
11th Dec 24, 8:04am
RBA makes a dovish pivot after recent softer data; market brings forward path of easier policy, driving down Australian rates and the AUD
[updated]
Fintechs could be stymied by costly and differing access to open banking application programming interfaces
10th Dec 24, 12:43pm
9
Fintechs could be stymied by costly and differing access to open banking application programming interfaces
China's Politburo shifts from a "prudent" to a "moderately loose" monetary policy stance. The announcement triggered a turnaround in sentiment, with a stronger yuan seeing the NZD and AUD bounce-back
10th Dec 24, 7:48am
China's Politburo shifts from a "prudent" to a "moderately loose" monetary policy stance. The announcement triggered a turnaround in sentiment, with a stronger yuan seeing the NZD and AUD bounce-back
Interest.co.nz goes on a search for Commerce Commission Chairman John Small's 'recalcitrant' bank
10th Dec 24, 5:00am
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Interest.co.nz goes on a search for Commerce Commission Chairman John Small's 'recalcitrant' bank
US non-farm payrolls matched consensus but a rise in the jobless rate raised expectations for a 25bp Fed rate cut later this month. Treasury yields declined led by the front end while US equities edged higher
9th Dec 24, 7:34am
US non-farm payrolls matched consensus but a rise in the jobless rate raised expectations for a 25bp Fed rate cut later this month. Treasury yields declined led by the front end while US equities edged higher
Markets in holding pattern ahead of the US employment report. Bitcoin blasts up through USD100,000. No adverse reaction to French political crisis. OPEC+ pushes back plans to lift production
6th Dec 24, 7:49am
Markets in holding pattern ahead of the US employment report. Bitcoin blasts up through USD100,000. No adverse reaction to French political crisis. OPEC+ pushes back plans to lift production
US services ISM fell sharply contributing to lower treasury yields and a softer dollar. The Korean won recovered after martial law order lifted. Weaker than expected Australian GDP weighed on the AUD
5th Dec 24, 7:42am
US services ISM fell sharply contributing to lower treasury yields and a softer dollar. The Korean won recovered after martial law order lifted. Weaker than expected Australian GDP weighed on the AUD
[updated]
With swap rates probably falling about as far as they will go, but more OCR cuts coming, saver preferences for short term deposits will likely mean they are facing sharply lower offer rates
4th Dec 24, 12:12pm
11
With swap rates probably falling about as far as they will go, but more OCR cuts coming, saver preferences for short term deposits will likely mean they are facing sharply lower offer rates
Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful
4th Dec 24, 10:32am
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Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful
Political crisis in Korea, but little spillover. Chinese yuan falls to a fresh low for the year. Fed speakers suggest December meeting live, but dependent on jobs report
4th Dec 24, 7:49am
Political crisis in Korea, but little spillover. Chinese yuan falls to a fresh low for the year. Fed speakers suggest December meeting live, but dependent on jobs report
US economic data continues to positively surprise, with gains in PMI indicators. French political crisis helps the USD, but JPY is the strongest of the majors
3rd Dec 24, 7:39am
US economic data continues to positively surprise, with gains in PMI indicators. French political crisis helps the USD, but JPY is the strongest of the majors