NZ$
A review of things you need to know before you sign off on Thursday; Westpac nudges home loan rates, consumer & business sentiment low, progress on inflation, home loan borrowers switch more, swaps firm, NZD soft, & more
27th Jun 24, 3:59pm
30
A review of things you need to know before you sign off on Thursday; Westpac nudges home loan rates, consumer & business sentiment low, progress on inflation, home loan borrowers switch more, swaps firm, NZD soft, & more
USD/JPY marched up through 160 to a fresh 38-year high, raising the chance of yen intervention. The PBoC continues to allow a softer yuan, while the AUD outperformed after a strong monthly CPI that caught the market off guard
27th Jun 24, 7:45am
USD/JPY marched up through 160 to a fresh 38-year high, raising the chance of yen intervention. The PBoC continues to allow a softer yuan, while the AUD outperformed after a strong monthly CPI that caught the market off guard
[updated]
A review of things you need to know before you sign off on Wednesday; retail rate-change drought extends, power consumers do it tough, Parliament eyes banking inquiry, Aussie CPI surprises, swaps up, NZD stable, & more
26th Jun 24, 3:59pm
59
A review of things you need to know before you sign off on Wednesday; retail rate-change drought extends, power consumers do it tough, Parliament eyes banking inquiry, Aussie CPI surprises, swaps up, NZD stable, & more
Market movements well contained. US equities up modestly, US Treasuries yields up slightly and the USD index is slightly stronger. Canadian inflation positively surprised, but this had more impact on rates than the CAD
26th Jun 24, 7:43am
Market movements well contained. US equities up modestly, US Treasuries yields up slightly and the USD index is slightly stronger. Canadian inflation positively surprised, but this had more impact on rates than the CAD
A review of things you need to know before you sign off on Tuesday; job market confidence drops hard, surge in older migrants getting residency, job ads fall, power price concerns rise, swaps & NZD unchanged
25th Jun 24, 3:59pm
64
A review of things you need to know before you sign off on Tuesday; job market confidence drops hard, surge in older migrants getting residency, job ads fall, power price concerns rise, swaps & NZD unchanged
The S&P500 is down slightly, US Treasury yields show little net change and the USD is broadly weaker. Oil prices continue to push higher
25th Jun 24, 7:33am
The S&P500 is down slightly, US Treasury yields show little net change and the USD is broadly weaker. Oil prices continue to push higher
A review of things you need to know before you sign off on Monday; no retail rate changes, home loan (un)affordability stable, record-high exports, eyes on grocery prices, swaps and NZD on hold, & more
24th Jun 24, 3:59pm
97
A review of things you need to know before you sign off on Monday; no retail rate changes, home loan (un)affordability stable, record-high exports, eyes on grocery prices, swaps and NZD on hold, & more
Roger J Kerr says the RBNZ has refused to orchestrate a higher NZ dollar currency value to force tradable inflation down to offset the non-tradeable inflation it has no control over
24th Jun 24, 8:48am
30
Roger J Kerr says the RBNZ has refused to orchestrate a higher NZ dollar currency value to force tradable inflation down to offset the non-tradeable inflation it has no control over
Softer than expected PMI data across Europe contributed to a fall in German bund yields. In contrast, US PMI data was relatively robust with the composite index remaining near two-year highs. The US dollar was broadly stronger
24th Jun 24, 7:25am
Softer than expected PMI data across Europe contributed to a fall in German bund yields. In contrast, US PMI data was relatively robust with the composite index remaining near two-year highs. The US dollar was broadly stronger
A review of things you need to know before you sign off on Friday; Foodstuff merger decision delayed again, directors banned, personal loans securitised, thoughts on our foreign loans, swaps firm, NZD unchanged, & more
21st Jun 24, 3:59pm
41
A review of things you need to know before you sign off on Friday; Foodstuff merger decision delayed again, directors banned, personal loans securitised, thoughts on our foreign loans, swaps firm, NZD unchanged, & more
There has been plenty of news to digest but market movements have been well-contained. The BoE opened the door for a first rate cut this cycle in August while the Swiss National Bank cut rates again
21st Jun 24, 7:38am
1
There has been plenty of news to digest but market movements have been well-contained. The BoE opened the door for a first rate cut this cycle in August while the Swiss National Bank cut rates again
[updated]
A review of things you need to know before you sign off on Thursday; no retail rate changes, no growth, slowing house building, modest NZGB demand, all about RCS, swaps firm, NZD unchanged, & more
20th Jun 24, 3:59pm
86
A review of things you need to know before you sign off on Thursday; no retail rate changes, no growth, slowing house building, modest NZGB demand, all about RCS, swaps firm, NZD unchanged, & more
Markets confined to narrow ranges with the mid-week US public holiday impacting activity. Japan considering issuing bonds with shorter maturities as the Bank of Japan reduces its JGB purchases
20th Jun 24, 7:48am
Markets confined to narrow ranges with the mid-week US public holiday impacting activity. Japan considering issuing bonds with shorter maturities as the Bank of Japan reduces its JGB purchases
A review of things you need to know before you sign off on Wednesday; a key TD rate change, dairy prices slip, carbon auction shunned, current account deficit fell, farmers happy yes/no, swaps unchanged, NZD slips
19th Jun 24, 4:00pm
63
A review of things you need to know before you sign off on Wednesday; a key TD rate change, dairy prices slip, carbon auction shunned, current account deficit fell, farmers happy yes/no, swaps unchanged, NZD slips
[updated]
Annual current account deficit falls $200 million with goods exports up $1 billion and service exports shrinking $900 million in March quarter
19th Jun 24, 11:45am
8
Annual current account deficit falls $200 million with goods exports up $1 billion and service exports shrinking $900 million in March quarter
[updated]
RBNZ chief economist Paul Conway says the country is in a 'slow-to-no-to-negative' growth environment, but the outlook is slightly more positive for the future and the outlook is also for continued declines in inflation
19th Jun 24, 9:49am
130
RBNZ chief economist Paul Conway says the country is in a 'slow-to-no-to-negative' growth environment, but the outlook is slightly more positive for the future and the outlook is also for continued declines in inflation
A weaker than expected US retail sales report supported US Treasuries, dragging the 10-year rate down to as low as 4.20% and pushed down the USD, reversing earlier strength. The AUD has outperformed after a more hawkish than expected RBA update
19th Jun 24, 7:48am
A weaker than expected US retail sales report supported US Treasuries, dragging the 10-year rate down to as low as 4.20% and pushed down the USD, reversing earlier strength. The AUD has outperformed after a more hawkish than expected RBA update
[updated]
A review of things you need to know before you sign off on Tuesday; consumer sentiment dives, Mercury planning 30yr bond, tractor sales very low, eyes on RBA, swaps firm, NZD soft, & more
18th Jun 24, 3:59pm
89
A review of things you need to know before you sign off on Tuesday; consumer sentiment dives, Mercury planning 30yr bond, tractor sales very low, eyes on RBA, swaps firm, NZD soft, & more
US equities have continued their record-breaking run while, after last week’s strong rally, US Treasury yields are modestly higher. European markets have settled after last week’s selloff, with French assets recovering
18th Jun 24, 7:33am
US equities have continued their record-breaking run while, after last week’s strong rally, US Treasury yields are modestly higher. European markets have settled after last week’s selloff, with French assets recovering
A review of things you need to know before you sign off on Monday; Kiwibank ends TD special rate, REINZ data shows buyers in command, service sector in dire shape, Laybuy in receivership, swaps and NZD stable, & more
17th Jun 24, 3:59pm
77
A review of things you need to know before you sign off on Monday; Kiwibank ends TD special rate, REINZ data shows buyers in command, service sector in dire shape, Laybuy in receivership, swaps and NZD stable, & more
Roger J Kerr says Fed members with their individual quarterly 'dot-plot' interest rate forecasts have been as unpredictable, fickle, changeable and inconsistent as the interest rate and FX markets, in wildly adjusting their outlook
17th Jun 24, 8:49am
3
Roger J Kerr says Fed members with their individual quarterly 'dot-plot' interest rate forecasts have been as unpredictable, fickle, changeable and inconsistent as the interest rate and FX markets, in wildly adjusting their outlook
A risk off tone dominated global markets into the end of last week as concern about the political crisis in France deepened. US consumer confidence weaker than expected. Global bond yields moved lower
17th Jun 24, 7:25am
A risk off tone dominated global markets into the end of last week as concern about the political crisis in France deepened. US consumer confidence weaker than expected. Global bond yields moved lower
A review of things you need to know before you sign off on Friday; one retail rate change, QV sees values teetering, inflation pressure less, PMI grim, eyes on Laybuy, swaps hold, NZD holds, & more
14th Jun 24, 3:59pm
77
A review of things you need to know before you sign off on Friday; one retail rate change, QV sees values teetering, inflation pressure less, PMI grim, eyes on Laybuy, swaps hold, NZD holds, & more
Much softer than expected US PPI data and a further increase in jobless claims supported US Treasuries, taking yields down 7-8bps across the curve. Concerns around France remain the focus. Some flight-to-safety evident
14th Jun 24, 7:52am
Much softer than expected US PPI data and a further increase in jobless claims supported US Treasuries, taking yields down 7-8bps across the curve. Concerns around France remain the focus. Some flight-to-safety evident
A review of things you need to know before you sign off on Thursday; rate-change drought extends, retail sales fall, Retirement Commission wants KiwiSaver shakeup, work visas in decline, swaps ease, NZD holds
13th Jun 24, 3:59pm
87
A review of things you need to know before you sign off on Thursday; rate-change drought extends, retail sales fall, Retirement Commission wants KiwiSaver shakeup, work visas in decline, swaps ease, NZD holds