NZ$
A review of things you need to know before you sign off on Thursday; floating rate rises start to come through, factory PMIs surge except in Wellington, truckometer lags, wool prices dip, swaps rise, NZD firms, & more
9th Jul 26, 3:59pm
15
A review of things you need to know before you sign off on Thursday; floating rate rises start to come through, factory PMIs surge except in Wellington, truckometer lags, wool prices dip, swaps rise, NZD firms, & more
Governor Anna Breman says it’s likely RBNZ will need to withdraw some more monetary stimulus, uncertainty over neutral interest rate following first OCR hike since May 2023
9th Jul 26, 8:18am
1
Governor Anna Breman says it’s likely RBNZ will need to withdraw some more monetary stimulus, uncertainty over neutral interest rate following first OCR hike since May 2023
Oil prices surged after Trump said ceasefire with Iran was over. Weaker risk sentiment weighed on global equities. Bond yields rose as markets priced additional ECB tightening. Currencies subdued despite volatility in other markets
9th Jul 26, 7:50am
Oil prices surged after Trump said ceasefire with Iran was over. Weaker risk sentiment weighed on global equities. Bond yields rose as markets priced additional ECB tightening. Currencies subdued despite volatility in other markets
A review of things you need to know before you sign off on Wednesday; OCR hiked but no bank has responded yet, house values decline, dairy prices retreat, Morrisons global ambitions get a boost, swaps rise, NZD soft, NZD holds, & more
8th Jul 26, 3:59pm
15
A review of things you need to know before you sign off on Wednesday; OCR hiked but no bank has responded yet, house values decline, dairy prices retreat, Morrisons global ambitions get a boost, swaps rise, NZD soft, NZD holds, & more
[updated]
RBNZ raises Official Cash Rate 25 basis points to 2.50% with external and internal Monetary Policy Committee members reaching consensus
8th Jul 26, 2:24pm
32
RBNZ raises Official Cash Rate 25 basis points to 2.50% with external and internal Monetary Policy Committee members reaching consensus
Continued volatility in technology stocks contributed to a softer tone across global equities. Attacks on shipping in the Persian Gulf underpinned a rise in oil prices. Global bond yields moved higher
8th Jul 26, 7:46am
Continued volatility in technology stocks contributed to a softer tone across global equities. Attacks on shipping in the Persian Gulf underpinned a rise in oil prices. Global bond yields moved higher
A review of things you need to know before you sign off on Tuesday; Heartland trims some TD rates, retail tracking sideways, moving overseas & renting out, eyes on dairy auction, swaps stable, NZX stable, NZD holds, & more
7th Jul 26, 3:59pm
6
A review of things you need to know before you sign off on Tuesday; Heartland trims some TD rates, retail tracking sideways, moving overseas & renting out, eyes on dairy auction, swaps stable, NZX stable, NZD holds, & more
US equities rose as investors returned from their long weekend. Services activity expanded at a slightly slower pace in June, according to the ISM survey. FX and rates markets were subdued
7th Jul 26, 7:58am
US equities rose as investors returned from their long weekend. Services activity expanded at a slightly slower pace in June, according to the ISM survey. FX and rates markets were subdued
[updated]
A review of things you need to know before you sign off on Monday; Auckland housebuilding to rise, commodity price falls insulated by weak NZD, expected El Niño impacts, swaps stable, NZX up, NZD dips, & more
6th Jul 26, 3:59pm
19
A review of things you need to know before you sign off on Monday; Auckland housebuilding to rise, commodity price falls insulated by weak NZD, expected El Niño impacts, swaps stable, NZX up, NZD dips, & more
Roger J Kerr assesses what the relative performances of the NZ and AU economies mean for the NZD/AUD cross-rate. And he notes financial markets start to rethink the Fed’s next move with interest rates
6th Jul 26, 8:00am
2
Roger J Kerr assesses what the relative performances of the NZ and AU economies mean for the NZD/AUD cross-rate. And he notes financial markets start to rethink the Fed’s next move with interest rates
Market participants remain alert to the risk of intervention to support the yen, which has increased the cost of protection. European stocks advanced, with the Euro Stoxx reaching an all-time high. FX and rates markets saw only modest moves
6th Jul 26, 7:30am
Market participants remain alert to the risk of intervention to support the yen, which has increased the cost of protection. European stocks advanced, with the Euro Stoxx reaching an all-time high. FX and rates markets saw only modest moves
A review of things you need to know before you sign off on Friday; consumer sentiment less negative, commercial lease pressure eases, Modi coming, bond spreads ease, swaps hold, NZD firms, NZD firm, & more
3rd Jul 26, 3:59pm
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A review of things you need to know before you sign off on Friday; consumer sentiment less negative, commercial lease pressure eases, Modi coming, bond spreads ease, swaps hold, NZD firms, NZD firm, & more
Weaker-than-expected US payrolls growth supported a rally in front-end rates. The US dollar weakened, with the yen outperforming after authorities signaled a new intervention strategy. Equities declined, led by technology stocks
3rd Jul 26, 7:57am
Weaker-than-expected US payrolls growth supported a rally in front-end rates. The US dollar weakened, with the yen outperforming after authorities signaled a new intervention strategy. Equities declined, led by technology stocks
A review of things you need to know before you sign off on Thursday; Auckland house sales volume up, prices down, ditto nationally, Crown accounts give dour signals, worker share slips, swaps hold, NZD firmish, & more
2nd Jul 26, 3:59pm
7
A review of things you need to know before you sign off on Thursday; Auckland house sales volume up, prices down, ditto nationally, Crown accounts give dour signals, worker share slips, swaps hold, NZD firmish, & more
Global asset markets saw only modest moves. Fed Chair Warsh said inflation risks had eased since the last FOMC meeting. Softer-than-expected euro area CPI weakened the case for further ECB hikes
2nd Jul 26, 7:59am
Global asset markets saw only modest moves. Fed Chair Warsh said inflation risks had eased since the last FOMC meeting. Softer-than-expected euro area CPI weakened the case for further ECB hikes