NZ$
A review of things you need to know before you sign off on Friday; bitcoin approaches US$100K, NZX sparkles, Landcorp sees better results, NZOnAir releases $11.5 mln, swaps softish, NZD lower, & more
22nd Nov 24, 4:00pm
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A review of things you need to know before you sign off on Friday; bitcoin approaches US$100K, NZX sparkles, Landcorp sees better results, NZOnAir releases $11.5 mln, swaps softish, NZD lower, & more
US Treasuries continue to consolidate. There were mixed US second-tier data releases overnight. Ukraine-Russia war escalation continues. Market reaction was muted, although European currencies continue to struggle
22nd Nov 24, 7:49am
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US Treasuries continue to consolidate. There were mixed US second-tier data releases overnight. Ukraine-Russia war escalation continues. Market reaction was muted, although European currencies continue to struggle
A review of things you need to know before you sign off on Thursday; BNZ goes low, home loan affordability for FHBs, Treasury has gloomy outlook, NZGB demand strong, swap curve steepens, NZD eases, & more
21st Nov 24, 3:59pm
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A review of things you need to know before you sign off on Thursday; BNZ goes low, home loan affordability for FHBs, Treasury has gloomy outlook, NZGB demand strong, swap curve steepens, NZD eases, & more
US equities weaker, awaiting Nvidia's results. UST benchmark yields ignore rising Ukraine tensions
21st Nov 24, 7:40am
US equities weaker, awaiting Nvidia's results. UST benchmark yields ignore rising Ukraine tensions
[updated]
A review of things you need to know before you sign off on Wednesday; population growth slows, dairy prices rise, payout forecasts rise, debt stress eases slightly, swaps softish again, NZD firms, & more
20th Nov 24, 4:00pm
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A review of things you need to know before you sign off on Wednesday; population growth slows, dairy prices rise, payout forecasts rise, debt stress eases slightly, swaps softish again, NZD firms, & more
Risk-off & volatility were generated by geopolitical factors, but they quickly settled. US equities firmed, UST yields softened. Commodity currencies rose
20th Nov 24, 7:43am
Risk-off & volatility were generated by geopolitical factors, but they quickly settled. US equities firmed, UST yields softened. Commodity currencies rose
A review of things you need to know before you sign off on Tuesday; fewer job ads, odd inflation survey result, eyes on dairy prices, Foodstuffs to appeal, swaps & NZD little-changed, & more
19th Nov 24, 4:00pm
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A review of things you need to know before you sign off on Tuesday; fewer job ads, odd inflation survey result, eyes on dairy prices, Foodstuffs to appeal, swaps & NZD little-changed, & more
The USD is broadly weaker for a change, falling against most majors. The NZD hit a fresh 2024 low below 58.4 USc before recovering. US equities in modest recovery after last week’s retreats
19th Nov 24, 7:21am
The USD is broadly weaker for a change, falling against most majors. The NZD hit a fresh 2024 low below 58.4 USc before recovering. US equities in modest recovery after last week’s retreats
A review of things you need to know before you sign off on Monday; services struggling still, eyes on housing market turn, producer costs under up pressure, scam coordination coming, swaps & NZD stable, & more
18th Nov 24, 3:59pm
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A review of things you need to know before you sign off on Monday; services struggling still, eyes on housing market turn, producer costs under up pressure, scam coordination coming, swaps & NZD stable, & more
US stock indices ended last week under pressure. Comments from Powell that that there is no need to hurry to cut rates saw the odds of a 25bp rate cut in December fall. The yen rose on Japanese attention
18th Nov 24, 11:17am
US stock indices ended last week under pressure. Comments from Powell that that there is no need to hurry to cut rates saw the odds of a 25bp rate cut in December fall. The yen rose on Japanese attention
Roger J Kerr says speculators are sitting on large profits and he wonders when they will cash up
18th Nov 24, 8:14am
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Roger J Kerr says speculators are sitting on large profits and he wonders when they will cash up
[updated]
A review of things you need to know before you sign off on Friday; no retail rate changes, PMI orders suggest a turn, IRD active chasing offshore non-payers, company liquidations jump, swaps stable, NZD soft, & more
15th Nov 24, 4:00pm
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A review of things you need to know before you sign off on Friday; no retail rate changes, PMI orders suggest a turn, IRD active chasing offshore non-payers, company liquidations jump, swaps stable, NZD soft, & more
Trump trade reach exhaustion. US equities down modestly, and US Treasury yields fall, all despite stronger than expected US economic data
15th Nov 24, 7:41am
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Trump trade reach exhaustion. US equities down modestly, and US Treasury yields fall, all despite stronger than expected US economic data
A review of things you need to know before you sign off on Thursday; REINZ data mixed, inflation pressures ease, Kookmin to quit NZ, Rennie gets top Treasury job, Bank of China here 10 years, swaps stable, NZD weaker, & more
14th Nov 24, 4:00pm
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A review of things you need to know before you sign off on Thursday; REINZ data mixed, inflation pressures ease, Kookmin to quit NZ, Rennie gets top Treasury job, Bank of China here 10 years, swaps stable, NZD weaker, & more
US CPI data matched expectations contributing to a relief rally in short dated US treasuries. The chance of a 25bp rate cut at the December FOMC has increased to close to 80% according to market pricing
14th Nov 24, 7:43am
US CPI data matched expectations contributing to a relief rally in short dated US treasuries. The chance of a 25bp rate cut at the December FOMC has increased to close to 80% according to market pricing
A review of things you need to know before you sign off on Wednesday; BNZ ends 5% 1yr TD rate, migration rate slows, visitor arrivals stay lackluster, key dairy prices jump, swaps hold but long bonds rise, NZD soft, & more
13th Nov 24, 4:00pm
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A review of things you need to know before you sign off on Wednesday; BNZ ends 5% 1yr TD rate, migration rate slows, visitor arrivals stay lackluster, key dairy prices jump, swaps hold but long bonds rise, NZD soft, & more
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
Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year
12th Nov 24, 10:05am
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Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year
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
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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
Influential RBNZ survey has perhaps surprisingly shown a small rise in the expectations of future inflation though most picks are still somewhere around the desired 2% level
11th Nov 24, 3:29pm
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Influential RBNZ survey has perhaps surprisingly shown a small rise in the expectations of future inflation though most picks are still somewhere around the desired 2% level
Roger J Kerr examines some of the questions posed in the aftermath of the US election
11th Nov 24, 8:22am
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Roger J Kerr examines some of the questions posed in the aftermath of the US election
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