Bonds
The uptrend in the US dollar has extended supported by a sharp move higher in US treasury yields. Chinese stocks and the yuan remained under pressure amid concerns over the size of its fiscal stimulus
13th Nov 24, 7:45am
The uptrend in the US dollar has extended supported by a sharp move higher in US treasury yields. Chinese stocks and the yuan remained under pressure amid concerns over the size of its fiscal stimulus
A review of things you need to know before you sign off on Tuesday; truckometer and concrete data lackluster, retail sees a small lift, 20,000 new work visas in October, fines & jail time, realtors warned, swaps stable, NZD lifts, & more
12th Nov 24, 3:59pm
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A review of things you need to know before you sign off on Tuesday; truckometer and concrete data lackluster, retail sees a small lift, 20,000 new work visas in October, fines & jail time, realtors warned, swaps stable, NZD lifts, & more
US equities remained well supported. The Russell 2000 index of small-cap firms hit the highest level since 2021. The US dollar extended its uptrend. UST futures pricing implies modestly higher yields
12th Nov 24, 7:39am
US equities remained well supported. The Russell 2000 index of small-cap firms hit the highest level since 2021. The US dollar extended its uptrend. UST futures pricing implies modestly higher yields
A review of things you need to know before you sign off on Monday; Kiwibank launches a short TD special, Fonterra delivers good news, grocery price pressures ease, BNZ eyes huge funding, swaps & NZD stable, & more
11th Nov 24, 3:59pm
31
A review of things you need to know before you sign off on Monday; Kiwibank launches a short TD special, Fonterra delivers good news, grocery price pressures ease, BNZ eyes huge funding, swaps & NZD stable, & more
US equity markets at new record highs as markets pared Fed rate cut expectations. The USD is broadly stronger. The NZD and AUD underperform as China’s policy package avoids stimulating consumer spending
11th Nov 24, 7:21am
US equity markets at new record highs as markets pared Fed rate cut expectations. The USD is broadly stronger. The NZD and AUD underperform as China’s policy package avoids stimulating consumer spending
A review of things you need to know before you sign off on Friday; DCS levies to be solely risk-based; building permit falls bottom out, businesses don't see inflation returning, NZX50 rises on global trends, swaps stable, NZD rises, & more
8th Nov 24, 4:00pm
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A review of things you need to know before you sign off on Friday; DCS levies to be solely risk-based; building permit falls bottom out, businesses don't see inflation returning, NZX50 rises on global trends, swaps stable, NZD rises, & more
Ahead of the Fed there has been some reversal of the Trump trade in currency and bond markets, while US equities have continued to power ahead. Another cut by the Fed is certain, key will be the tone of the press conference
8th Nov 24, 7:53am
Ahead of the Fed there has been some reversal of the Trump trade in currency and bond markets, while US equities have continued to power ahead. Another cut by the Fed is certain, key will be the tone of the press conference
A review of things you need to know before you sign off on Thursday; Crown accounts show some wavering, crowding stats released, NZGB yields rise, swaps shifting, NZD soft, & more
7th Nov 24, 3:58pm
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A review of things you need to know before you sign off on Thursday; Crown accounts show some wavering, crowding stats released, NZGB yields rise, swaps shifting, NZD soft, & more
In the wake of a decisive victory for Trump and the Republican party at the US elections, market movements have been significant. USD rises, UST rates jump
7th Nov 24, 7:46am
In the wake of a decisive victory for Trump and the Republican party at the US elections, market movements have been significant. USD rises, UST rates jump
A review of things you need to know before you sign off on Wednesday; no retail rate changes, rents stable, jobless rate rises, pay trimmed, dairy prices rise, Govt subsidises meat marketing campaign, swaps stable, NZD soft, & more
6th Nov 24, 3:59pm
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A review of things you need to know before you sign off on Wednesday; no retail rate changes, rents stable, jobless rate rises, pay trimmed, dairy prices rise, Govt subsidises meat marketing campaign, swaps stable, NZD soft, & more
Despite the uncertain US election outcome, market pricing consistent with “risk-on”, with stronger US equities, higher rates and a broadly weaker USD. RBA gives a reality check that inflation still too high to warrant easing
6th Nov 24, 7:42am
Despite the uncertain US election outcome, market pricing consistent with “risk-on”, with stronger US equities, higher rates and a broadly weaker USD. RBA gives a reality check that inflation still too high to warrant easing
A review of things you need to know before you sign off on Tuesday; TSB goes low, household living costs still above CPI, retail card activity limps, mortgage borrowers bet on more rate cuts, swaps stable, NZD little-changed, & more
5th Nov 24, 3:59pm
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A review of things you need to know before you sign off on Tuesday; TSB goes low, household living costs still above CPI, retail card activity limps, mortgage borrowers bet on more rate cuts, swaps stable, NZD little-changed, & more
Trump trade reverses. The USD is broadly lower and US rates are lower across the curve led by the long end. Oil prices are up nearly 3% on OPEC+’s delay to increase supply and hawkish Iran talk
5th Nov 24, 7:45am
Trump trade reverses. The USD is broadly lower and US rates are lower across the curve led by the long end. Oil prices are up nearly 3% on OPEC+’s delay to increase supply and hawkish Iran talk
A review of things you need to know before you sign off on Monday; few retail rate changes, B&T's listings surge, auctions go regional, Westpac profit rises, livestock prices firm, car sales hang in, swaps flat, NZD firmish, & more
4th Nov 24, 3:59pm
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A review of things you need to know before you sign off on Monday; few retail rate changes, B&T's listings surge, auctions go regional, Westpac profit rises, livestock prices firm, car sales hang in, swaps flat, NZD firmish, & more
Weaker US labour market data whipsaws global rates and currency markets with recent weather events a contributing factor. The US dollar and treasury yields fell sharply - before reversing higher
4th Nov 24, 7:22am
Weaker US labour market data whipsaws global rates and currency markets with recent weather events a contributing factor. The US dollar and treasury yields fell sharply - before reversing higher
[updated]
A review of things you need to know before you sign off on Friday; housing market flooded by sellers, values ease, many more auctions, building permits weak, IRD on the warpath, swaps low & stable, NZD eases, & more
1st Nov 24, 3:59pm
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A review of things you need to know before you sign off on Friday; housing market flooded by sellers, values ease, many more auctions, building permits weak, IRD on the warpath, swaps low & stable, NZD eases, & more
US equities end month on a weak note, on weaker forward guidance. The reaction to the UK Budget continues to reverberate, with higher UK rates, weaker GBP. The BoJ left the door open for a possible December rate hike
1st Nov 24, 7:50am
1
US equities end month on a weak note, on weaker forward guidance. The reaction to the UK Budget continues to reverberate, with higher UK rates, weaker GBP. The BoJ left the door open for a possible December rate hike
[updated]
A review of things you need to know before you sign off on Thursday; more rate cuts for savers, surprise rise in business sentiment, more people work at big businesses, more milk, swaps & NZD stable, & more
31st Oct 24, 3:59pm
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A review of things you need to know before you sign off on Thursday; more rate cuts for savers, surprise rise in business sentiment, more people work at big businesses, more milk, swaps & NZD stable, & more
The US economy expanded underpinned by strong consumer spending. UK gilts were volatile as UK chancellor delivered her debut budget and the market digested plans to ramp up borrowing
31st Oct 24, 7:51am
The US economy expanded underpinned by strong consumer spending. UK gilts were volatile as UK chancellor delivered her debut budget and the market digested plans to ramp up borrowing
A review of things you need to know before you sign off on Wednesday; some more floating rate cuts, Woolworths misfires, Fonterra in favour, hydro lakes back to normal, swaps asleep, NZD holds, & more
30th Oct 24, 4:00pm
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A review of things you need to know before you sign off on Wednesday; some more floating rate cuts, Woolworths misfires, Fonterra in favour, hydro lakes back to normal, swaps asleep, NZD holds, & more
Global asset markets little changed. US job openings, a proxy for labour demand, fell to the lowest level since February 2021. Oil prices stabilise as geopolitical risk premium eased
30th Oct 24, 7:35am
Global asset markets little changed. US job openings, a proxy for labour demand, fell to the lowest level since February 2021. Oil prices stabilise as geopolitical risk premium eased
A review of things you need to know before you sign off on Tuesday; Kiwibank cuts a key rate, jobs market stable, NZ Post eyes reduced service, Fonterra to tap bond market, swaps little-changed, NZD stays low, & more
29th Oct 24, 3:59pm
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A review of things you need to know before you sign off on Tuesday; Kiwibank cuts a key rate, jobs market stable, NZ Post eyes reduced service, Fonterra to tap bond market, swaps little-changed, NZD stays low, & more
Oil prices slide 5% as geopolitical risk premium fades. JPY weaker following Japan’s Lower House election. The Trump trade extends, with higher US Treasury yields, higher US equities and a broadly stronger USD
29th Oct 24, 7:21am
Oil prices slide 5% as geopolitical risk premium fades. JPY weaker following Japan’s Lower House election. The Trump trade extends, with higher US Treasury yields, higher US equities and a broadly stronger USD
A review of things you need to know before you sign off on Friday; consumer sentiment stops improving, FHBs active, JobSeeker numbers fall, early KiwiSaver withdrawals stay very low, swaps dip, NZD holds, & more
25th Oct 24, 3:59pm
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A review of things you need to know before you sign off on Friday; consumer sentiment stops improving, FHBs active, JobSeeker numbers fall, early KiwiSaver withdrawals stay very low, swaps dip, NZD holds, & more
Market movements modest, with US equities currently showing a small gain, while global rates are lower after their recent rise. Global PMI data were in line with expectations, with small changes in October
25th Oct 24, 7:57am
1
Market movements modest, with US equities currently showing a small gain, while global rates are lower after their recent rise. Global PMI data were in line with expectations, with small changes in October