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Doug Steel
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US CPI close to expectations but softer undertones sees US yields lower and steeper. Market pricing in more than 75bps of Fed cuts by year end; contemplating July start. US dollar marginally weaker, JPY stronger. BoE expected to hike 25 bps tonight
11th May 23, 8:08am
US CPI close to expectations but softer undertones sees US yields lower and steeper. Market pricing in more than 75bps of Fed cuts by year end; contemplating July start. US dollar marginally weaker, JPY stronger. BoE expected to hike 25 bps tonight
US regional banking worries return, US labour market cooling. Oil prices slump circa 5% on global growth concerns, softer data. Eyes on NZ FSR, Q1 labour market today, ahead of Fed tomorrow morning
3rd May 23, 8:08am
US regional banking worries return, US labour market cooling. Oil prices slump circa 5% on global growth concerns, softer data. Eyes on NZ FSR, Q1 labour market today, ahead of Fed tomorrow morning
Fresh record NZ annual trade deficit expected, Aussie CPI in focus, NZ$ at US61.40c
26th Apr 23, 7:39am
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Fresh record NZ annual trade deficit expected, Aussie CPI in focus, NZ$ at US61.40c
Risk sentiment improves on much calmer markets and some positive indicators. Global rates movements contained
30th Mar 23, 8:05am
Risk sentiment improves on much calmer markets and some positive indicators. Global rates movements contained
Risk recovers a touch; US equities higher after yesterday's late dip. BoE hikes 25bps; SNB hikes 50bps. US rates settle lower post Fed; US10s around 3.44%
24th Mar 23, 8:11am
Risk recovers a touch; US equities higher after yesterday's late dip. BoE hikes 25bps; SNB hikes 50bps. US rates settle lower post Fed; US10s around 3.44%
Market sentiment improves as Credit Suisse gets support from Swiss central bank. ECB follows through with 50bp hike. Equity markets rise as financials recovery some lost ground
17th Mar 23, 7:51am
Market sentiment improves as Credit Suisse gets support from Swiss central bank. ECB follows through with 50bp hike. Equity markets rise as financials recovery some lost ground
Global rates lift on German inflation, US ISM; US 10-year hits 4%. US dollar lower. AUD held back by weaker GDP, CPI
2nd Mar 23, 7:59am
Global rates lift on German inflation, US ISM; US 10-year hits 4%. US dollar lower. AUD held back by weaker GDP, CPI
US equities a bit lower, yields down a touch, USD marginally higher. Oil prices lift
24th Feb 23, 7:52am
US equities a bit lower, yields down a touch, USD marginally higher. Oil prices lift
US data generally stronger than expected, including blockbuster retail sales report. Global yields higher, lead by the longer end
16th Feb 23, 8:09am
US data generally stronger than expected, including blockbuster retail sales report. Global yields higher, lead by the longer end
US equities lower as more central bank speakers talk higher rates. But US rates oscillate; US 10-year bond rates down a touch on the day
9th Feb 23, 7:54am
US equities lower as more central bank speakers talk higher rates. But US rates oscillate; US 10-year bond rates down a touch on the day
US wage inflation slows, lifting risk appetite. US equities lift, USD lower after earlier gains. NZD in mild dip overnight
1st Feb 23, 8:02am
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US wage inflation slows, lifting risk appetite. US equities lift, USD lower after earlier gains. NZD in mild dip overnight
US equites lower, led by tech sector. Bank of Canada hikes +25 bps, signals a pause. Australia on holiday today
26th Jan 23, 8:08am
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US equites lower, led by tech sector. Bank of Canada hikes +25 bps, signals a pause. Australia on holiday today
Canada hikes +50 bps and signals near end of tightening cycle. European data better than expected, supporting EUR. US dollar broadly weaker
8th Dec 22, 7:53am
Canada hikes +50 bps and signals near end of tightening cycle. European data better than expected, supporting EUR. US dollar broadly weaker
Global yields decline, led by Europe, post ECB forum. German annual inflation eases, Spain hits 10%. US dollar firmer; EUR, commodity currencies underperform
30th Jun 22, 7:55am
Global yields decline, led by Europe, post ECB forum. German annual inflation eases, Spain hits 10%. US dollar firmer; EUR, commodity currencies underperform
Fed hikes 75bps, at least 150bps more hikes projected in 2022. But not as hawkish as it might have been. ECB emergency meeting promises new instrument
16th Jun 22, 8:02am
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Fed hikes 75bps, at least 150bps more hikes projected in 2022. But not as hawkish as it might have been. ECB emergency meeting promises new instrument
OECD cuts global growth forecasts. Higher oil prices add to inflation worries. Equities retreat. USD/JPY blasts through 134. Global rates higher; US 10s above 3%
9th Jun 22, 7:56am
OECD cuts global growth forecasts. Higher oil prices add to inflation worries. Equities retreat. USD/JPY blasts through 134. Global rates higher; US 10s above 3%
Risk off dominates ahead of FOMC this morning. Equities, yields lower; USD higher. NZD dips back below 0.72
28th Jan 21, 7:55am
Risk off dominates ahead of FOMC this morning. Equities, yields lower; USD higher. NZD dips back below 0.72
Markets subdued ahead of FOMC. IMF revised global growth forecast higher. NZD, AUD push higher
27th Jan 21, 7:47am
Markets subdued ahead of FOMC. IMF revised global growth forecast higher. NZD, AUD push higher
Mild risk off tone on COVID, US stimulus timing. US equities and bond yields generally lower. NZD still hovering around 0.72
26th Jan 21, 7:56am
Mild risk off tone on COVID, US stimulus timing. US equities and bond yields generally lower. NZD still hovering around 0.72
US equities higher on data, travel advisory. BoE unchanged as expected. AUD, NZD push higher
7th Aug 20, 7:52am
US equities higher on data, travel advisory. BoE unchanged as expected. AUD, NZD push higher
Risk appetite takes a step back. US equities, bond yields fall. Chinese equity rally continues. Currencies contained; NZD eases back from 0.66
10th Jul 20, 8:02am
Risk appetite takes a step back. US equities, bond yields fall. Chinese equity rally continues. Currencies contained; NZD eases back from 0.66
Equities nudge higher. GBP, EUR gain on UK stimulus package. NZD, AUD testing range highs
9th Jul 20, 7:54am
Equities nudge higher. GBP, EUR gain on UK stimulus package. NZD, AUD testing range highs
Risk appetite fades. Equities, yields lower. AUD marginally lower on Melbourne lockdown. NZD falls then recovers
8th Jul 20, 7:46am
Risk appetite fades. Equities, yields lower. AUD marginally lower on Melbourne lockdown. NZD falls then recovers
Fed delivers emergency 50bp cut. US bond yields plunge; USD slips further. Equities pop then drop
4th Mar 20, 8:00am
Fed delivers emergency 50bp cut. US bond yields plunge; USD slips further. Equities pop then drop
Risk aversion rises on virus concerns. EUR lower following ECB meeting. NZD hugs 0.66 ahead of today’s CPI
24th Jan 20, 7:54am
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Risk aversion rises on virus concerns. EUR lower following ECB meeting. NZD hugs 0.66 ahead of today’s CPI