NZ$
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
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
Roger J Kerr looks at what betting markets are indicating and what traders are thinking. Self-interested bias with OPM? Meanwhile, Japanese political turmoil confuses the interest rate and Yen currency outlook
28th Oct 24, 9:10am
8
Roger J Kerr looks at what betting markets are indicating and what traders are thinking. Self-interested bias with OPM? Meanwhile, Japanese political turmoil confuses the interest rate and Yen currency outlook
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
A review of things you need to know before you sign off on Thursday; Heartland cuts TD rates, fewer new homes in Auckland, Orr eyes smaller cuts, high mortgage interest burden, swaps stable, NZD soft, & more
24th Oct 24, 3:59pm
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A review of things you need to know before you sign off on Thursday; Heartland cuts TD rates, fewer new homes in Auckland, Orr eyes smaller cuts, high mortgage interest burden, swaps stable, NZD soft, & more
Softer tone for global equities continues. The US dollar index reached the highest level since July. Gold prices pulled back from a record high
24th Oct 24, 7:49am
Softer tone for global equities continues. The US dollar index reached the highest level since July. Gold prices pulled back from a record high
A review of things you need to know before you sign off on Wednesday; Kiwibank cuts TD rates, real estate agent commissions rise, Govt moves on some key issues, Public Trust reports, swaps soft, NZD stable, & more
23rd Oct 24, 3:59pm
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A review of things you need to know before you sign off on Wednesday; Kiwibank cuts TD rates, real estate agent commissions rise, Govt moves on some key issues, Public Trust reports, swaps soft, NZD stable, & more
There was no respite for global bond markets with yields moving higher in an extension of the large moves from the previous day. Asset markets are little changed in the absence of first-tier economic data
23rd Oct 24, 7:39am
There was no respite for global bond markets with yields moving higher in an extension of the large moves from the previous day. Asset markets are little changed in the absence of first-tier economic data
A review of things you need to know before you sign off on Tuesday; home loans affordable for many FHBs, big trade deficit, emissions fall except for power generation, gigantic NZGB demand, swaps stable, NZD soft, & more
22nd Oct 24, 3:59pm
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A review of things you need to know before you sign off on Tuesday; home loans affordable for many FHBs, big trade deficit, emissions fall except for power generation, gigantic NZGB demand, swaps stable, NZD soft, & more
Global rates are broadly higher without a satisfactory explanation. US Treasury yields are up 7-9bps across the curve with some even larger moves in many European countries. Higher rates have driven weaker equity markets
22nd Oct 24, 7:26am
Global rates are broadly higher without a satisfactory explanation. US Treasury yields are up 7-9bps across the curve with some even larger moves in many European countries. Higher rates have driven weaker equity markets
A review of things you need to know before you sign off on Monday; various retail rate changes, early signs of home demand growth, credit card billing activity weak, China cuts rates, swaps stable, NZD stable, & more
21st Oct 24, 3:59pm
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A review of things you need to know before you sign off on Monday; various retail rate changes, early signs of home demand growth, credit card billing activity weak, China cuts rates, swaps stable, NZD stable, & more
BNZ economists look back at some of the reasons why the Reserve Bank made big OCR cuts in the past, finding such reasons don't currently exist
21st Oct 24, 2:22pm
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BNZ economists look back at some of the reasons why the Reserve Bank made big OCR cuts in the past, finding such reasons don't currently exist
Roger J Kerr looks at the scenarios and potential outcome of the US election
China activity data showed a lift in momentum. Japan CPI inflation now above target for a full 2½ years. US equities extending their record-breaking run
21st Oct 24, 7:20am
China activity data showed a lift in momentum. Japan CPI inflation now above target for a full 2½ years. US equities extending their record-breaking run
[updated]
A review of things you need to know before you sign off on Friday; some savings account rate changes, many work visas being issued, 'credit conditions' expected to improve, jobless benefit levels fall, swaps & NZD stable, & more
18th Oct 24, 3:59pm
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A review of things you need to know before you sign off on Friday; some savings account rate changes, many work visas being issued, 'credit conditions' expected to improve, jobless benefit levels fall, swaps & NZD stable, & more
Stronger than expected US retail sales data saw the market pare the scope for easier Fed policy and drove higher US Treasury yields. The AUD was supported after a strong labour market report
18th Oct 24, 7:41am
Stronger than expected US retail sales data saw the market pare the scope for easier Fed policy and drove higher US Treasury yields. The AUD was supported after a strong labour market report
[updated]
A review of things you need to know before you sign off on Thursday; many key retail rate changes, houses that don't sell, NZGBs popular, Kiwibank raises expensive PPS funding, swaps fall, NZD stable, & more
17th Oct 24, 3:59pm
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A review of things you need to know before you sign off on Thursday; many key retail rate changes, houses that don't sell, NZGBs popular, Kiwibank raises expensive PPS funding, swaps fall, NZD stable, & more
US equities modestly higher after yesterday's dip. Soft NZ and UK CPI data drive the market to bring forward projected rate cuts for the RBNZ and BoE. Broad USD strength as the Trump trade continues
17th Oct 24, 7:43am
US equities modestly higher after yesterday's dip. Soft NZ and UK CPI data drive the market to bring forward projected rate cuts for the RBNZ and BoE. Broad USD strength as the Trump trade continues
A review of things you need to know before you sign off on Wednesday; TD rate cuts extend, market to constrain mortgage rate cuts, CPI back in target band, dairy prices hold, Tower into the NZX50, swaps lower, NZD soft, & more
16th Oct 24, 4:00pm
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A review of things you need to know before you sign off on Wednesday; TD rate cuts extend, market to constrain mortgage rate cuts, CPI back in target band, dairy prices hold, Tower into the NZX50, swaps lower, NZD soft, & more