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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
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
Oil prices fell after reports that Israel wouldn’t target Iran’s crude infrastructure. Lower oil prices have contributed to a pullback in global bond yields. Currency markets generally subdued
16th Oct 24, 7:46am
Oil prices fell after reports that Israel wouldn’t target Iran’s crude infrastructure. Lower oil prices have contributed to a pullback in global bond yields. Currency markets generally subdued
US equities continue their record-breaking run. Market reaction to the underwhelming weekend policy announcement by China well contained. Signs of a return to the Trump trade, with the USD broadly stronger
15th Oct 24, 7:58am
US equities continue their record-breaking run. Market reaction to the underwhelming weekend policy announcement by China well contained. Signs of a return to the Trump trade, with the USD broadly stronger
Roger J Kerr says the the reality is that the New Zealand economy still has a major problem with sticky/high non-tradable inflation from the public sector and non-competitive sectors of the economy
14th Oct 24, 8:59am
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Roger J Kerr says the the reality is that the New Zealand economy still has a major problem with sticky/high non-tradable inflation from the public sector and non-competitive sectors of the economy
The S&P500 closed at another record high. US PPI data as expected. China's Finance Minister outlined plans to issue more debt to support the economy. Bond yields are modestly higher
14th Oct 24, 7:34am
The S&P500 closed at another record high. US PPI data as expected. China's Finance Minister outlined plans to issue more debt to support the economy. Bond yields are modestly higher
US CPI data was higher than consensus estimates but had limited lasting market impact. Currency markets subdued overall. Chinese equities remain volatile
11th Oct 24, 7:45am
US CPI data was higher than consensus estimates but had limited lasting market impact. Currency markets subdued overall. Chinese equities remain volatile
US equity markets supported ahead of key inflation data with the S&P500 at a fresh record high. Chinese stocks fell 7% on uncertainty about stimulus measures. US Treasury yields moved higher supporting the US dollar
10th Oct 24, 7:55am
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US equity markets supported ahead of key inflation data with the S&P500 at a fresh record high. Chinese stocks fell 7% on uncertainty about stimulus measures. US Treasury yields moved higher supporting the US dollar
Stocks in Hong Kong fell sharply after a key briefing from Chinese officials underwhelmed investors. Oil prices retraced from recent highs. Global bond and currency markets little changed overall
9th Oct 24, 7:43am
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Stocks in Hong Kong fell sharply after a key briefing from Chinese officials underwhelmed investors. Oil prices retraced from recent highs. Global bond and currency markets little changed overall
10-year US treasuries have traded back above 4%, the highest level since August, as investors continue to recalibrate the outlook for monetary policy. Brent crude prices advanced above US$80
8th Oct 24, 7:44am
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10-year US treasuries have traded back above 4%, the highest level since August, as investors continue to recalibrate the outlook for monetary policy. Brent crude prices advanced above US$80
Roger J Kerr says the latest US jobs data leaves unanswered questions
7th Oct 24, 8:49am
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Roger J Kerr says the latest US jobs data leaves unanswered questions
Stronger than expected US labour market data contributed to large moves across financial markets as investors recalibrated expectations for easing by the Federal Reserve. US treasury yields spiked higher led by the front end
7th Oct 24, 7:25am
Stronger than expected US labour market data contributed to large moves across financial markets as investors recalibrated expectations for easing by the Federal Reserve. US treasury yields spiked higher led by the front end
The combination of higher oil prices and a strong US ISM services survey has driven US Treasury yields higher. The USD is broadly stronger and GBP is the weakest of the majors
4th Oct 24, 7:42am
The combination of higher oil prices and a strong US ISM services survey has driven US Treasury yields higher. The USD is broadly stronger and GBP is the weakest of the majors
Following yesterday’s volatile session, after Iran’s missile attack on Israel, markets are calmer as they await the next move. The yen is much weaker after dovish comments by Japan’s new PM and the BoJ Governor
3rd Oct 24, 7:41am
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Following yesterday’s volatile session, after Iran’s missile attack on Israel, markets are calmer as they await the next move. The yen is much weaker after dovish comments by Japan’s new PM and the BoJ Governor
Geopolitical factors have outweighed economic data releases in their market impact overnight. Safe haven currencies have outperformed. The NZD is down nearly 1½% from this time yesterday
2nd Oct 24, 7:50am
Geopolitical factors have outweighed economic data releases in their market impact overnight. Safe haven currencies have outperformed. The NZD is down nearly 1½% from this time yesterday
China’s equity market continued to surge in the aftermath of last week’s policy stimulus announcement. The China trade has helped drive the NZD and AUD up to fresh highs for the year
1st Oct 24, 7:39am
China’s equity market continued to surge in the aftermath of last week’s policy stimulus announcement. The China trade has helped drive the NZD and AUD up to fresh highs for the year
Roger J Kerr outlines why the New Zealand dollar has been rising
30th Sep 24, 8:00am
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Roger J Kerr outlines why the New Zealand dollar has been rising
Weaker CPI figures bring higher odds of a ECB cut. US PCE inflation metrics were also market-friendly. The yen strengthened after an LDP candidate sympathetic to the BoJ policy to become the next PM
30th Sep 24, 7:29am
Weaker CPI figures bring higher odds of a ECB cut. US PCE inflation metrics were also market-friendly. The yen strengthened after an LDP candidate sympathetic to the BoJ policy to become the next PM
China's growth stimulus has supported risk appetite and Asia-Pacific currencies. The NZD is up 1%. Equities have increased to fresh record highs. Stronger US economic data drove higher US Treasury yields. Oil prices fell
27th Sep 24, 7:56am
China's growth stimulus has supported risk appetite and Asia-Pacific currencies. The NZD is up 1%. Equities have increased to fresh record highs. Stronger US economic data drove higher US Treasury yields. Oil prices fell
Global equity markets ease. The US dollar up off the recent lows. Oil prices looked past higher Middle East and declined on signs that supply disruptions in Libya are easing
26th Sep 24, 7:53am
Global equity markets ease. The US dollar up off the recent lows. Oil prices looked past higher Middle East and declined on signs that supply disruptions in Libya are easing
Risk appetites rising supported by a smorgasbord of Chinese easing measures to support their economy, while RBA update seen as dovish and weaker US consumer confidence also market moving events
25th Sep 24, 7:47am
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Risk appetites rising supported by a smorgasbord of Chinese easing measures to support their economy, while RBA update seen as dovish and weaker US consumer confidence also market moving events
Weaker euro area PMI data drove down rates in the region and dragged down the euro. UK PMI data weren’t as soft, while the US services PMI remained robust and inflation indicators were stronger
24th Sep 24, 7:49am
Weaker euro area PMI data drove down rates in the region and dragged down the euro. UK PMI data weren’t as soft, while the US services PMI remained robust and inflation indicators were stronger
Roger J Kerr says what is important for the future NZ dollar direction is whether the US dollar continues to depreciate and how much the Australian dollar and Japanese Yen - which the NZD follows - benefit from that
23rd Sep 24, 8:28am
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Roger J Kerr says what is important for the future NZ dollar direction is whether the US dollar continues to depreciate and how much the Australian dollar and Japanese Yen - which the NZD follows - benefit from that
Global equities couldn’t extend the previous Fed-inspired rally into the end of last week with major indices closing lower. Gold hit a fresh record high. Fed speaker remarks brought lower UST yields
23rd Sep 24, 7:22am
Global equities couldn’t extend the previous Fed-inspired rally into the end of last week with major indices closing lower. Gold hit a fresh record high. Fed speaker remarks brought lower UST yields
In the afterglow of the Fed’s jumbo rate cut, US equities lift to fresh record highs. The US Treasuries curve has steepened. The USD is broadly weaker on higher risk appetite
20th Sep 24, 7:51am
In the afterglow of the Fed’s jumbo rate cut, US equities lift to fresh record highs. The US Treasuries curve has steepened. The USD is broadly weaker on higher risk appetite