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Markets show only modest movements amidst a US government shutdown. US equities flat; US Treasuries trade narrow ranges; USD slightly stronger; oil prices lower for a fourth consecutive day
3rd Oct 25, 7:50am
Markets show only modest movements amidst a US government shutdown. US equities flat; US Treasuries trade narrow ranges; USD slightly stronger; oil prices lower for a fourth consecutive day
US government shutdown takes effect. Risk sentiment resilient. US equities recover from an initial dip and solid gains for European indices. ADP payrolls weaker than expected contributing to a rally for US treasuries
2nd Oct 25, 7:47am
US government shutdown takes effect. Risk sentiment resilient. US equities recover from an initial dip and solid gains for European indices. ADP payrolls weaker than expected contributing to a rally for US treasuries
US equities little changed as hopes for a last-minute deal to avoid a government shutdown fade. Oil extends recent decline. Limited movement across bond and currency markets. RBA leaves rates on hold and adopts more hawkish tone
1st Oct 25, 7:53am
US equities little changed as hopes for a last-minute deal to avoid a government shutdown fade. Oil extends recent decline. Limited movement across bond and currency markets. RBA leaves rates on hold and adopts more hawkish tone
Prediction markets put the risk of US shutdown at 70% which could delay key economic reports. The uncertainty supports US treasuries and gold reached a fresh record high. Oil falls on OPEC+ plans to increase supply
30th Sep 25, 7:51am
Prediction markets put the risk of US shutdown at 70% which could delay key economic reports. The uncertainty supports US treasuries and gold reached a fresh record high. Oil falls on OPEC+ plans to increase supply
Roger J Kerr offers up some advice on the foibles and quirks of the New Zealand economy for the incoming RBNZ Governor Anna Breman
29th Sep 25, 8:59am
Roger J Kerr offers up some advice on the foibles and quirks of the New Zealand economy for the incoming RBNZ Governor Anna Breman
S&P500 closes higher breaking a three day losing streak. US real spending beats expectations continuing the run of firm data. Core PCE deflator in line with consensus estimate
29th Sep 25, 7:34am
S&P500 closes higher breaking a three day losing streak. US real spending beats expectations continuing the run of firm data. Core PCE deflator in line with consensus estimate
Stronger than expected US economic data drove higher US rates, as markets pared scope for easier monetary policy. US equities are weaker for the third successive day. Broad gains in the USD
26th Sep 25, 8:00am
Stronger than expected US economic data drove higher US rates, as markets pared scope for easier monetary policy. US equities are weaker for the third successive day. Broad gains in the USD
Markets in cautious tone with modest falls in US equities and modestly higher US Treasury yields. The USD is broadly stronger and the NZD has underperformed. A hotter than expected Australian CPI pushed out RBA rate cut expectations
25th Sep 25, 7:57am
Markets in cautious tone with modest falls in US equities and modestly higher US Treasury yields. The USD is broadly stronger and the NZD has underperformed. A hotter than expected Australian CPI pushed out RBA rate cut expectations
Fed Chair Powell’s speech didn't provide fresh information on the policy outlook. US advance PMIs showed economic activity is holding up well. PMI readings mixed for Europeans
24th Sep 25, 7:52am
Fed Chair Powell’s speech didn't provide fresh information on the policy outlook. US advance PMIs showed economic activity is holding up well. PMI readings mixed for Europeans
US equities and gold have powered up to fresh record highs in the wake of the Fed restarting the easing cycle last week. US Treasuries have traded with a cautious tone, with rates nudging higher
23rd Sep 25, 7:30am
US equities and gold have powered up to fresh record highs in the wake of the Fed restarting the easing cycle last week. US Treasuries have traded with a cautious tone, with rates nudging higher
Roger J Kerr says the Reserve Bank would be wise to be very circumspect in respect to the -0.90% GDP outcome for the June quarter
22nd Sep 25, 8:43am
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Roger J Kerr says the Reserve Bank would be wise to be very circumspect in respect to the -0.90% GDP outcome for the June quarter
Risk sensitive asset remain well supported. S&P closes at fresh record high and high-grade credit spreads tightest since 1998. Bank of Japan on hold but 2 members dissent in favour of a hike
22nd Sep 25, 7:18am
Risk sensitive asset remain well supported. S&P closes at fresh record high and high-grade credit spreads tightest since 1998. Bank of Japan on hold but 2 members dissent in favour of a hike
US equities rise in aftermath of the Fed's rate cut. US Treasury yields higher. BoE holds policy, as expected. NZ rates fall to fresh cycle lows on chance the RBNZ rate cutting cycle extends further than previously expected
19th Sep 25, 7:52am
US equities rise in aftermath of the Fed's rate cut. US Treasury yields higher. BoE holds policy, as expected. NZ rates fall to fresh cycle lows on chance the RBNZ rate cutting cycle extends further than previously expected
US Federal Reserve cuts rates by 25bp as expected citing growing weakness in the labour market. The median FOMC member expects a further 50bp of easing this year. Markets whipsaw but modest moves overall
18th Sep 25, 7:50am
US Federal Reserve cuts rates by 25bp as expected citing growing weakness in the labour market. The median FOMC member expects a further 50bp of easing this year. Markets whipsaw but modest moves overall
Markets ignore stronger US data, focused on prospects for a protracted Fed easing cycle, seeing Treasury yields edge lower while the USD shows a broadly based fall. EUR rises to a four-year high
17th Sep 25, 7:43am
Markets ignore stronger US data, focused on prospects for a protracted Fed easing cycle, seeing Treasury yields edge lower while the USD shows a broadly based fall. EUR rises to a four-year high