BNZ
Three up, two down in terms of whether the five major rural lenders are growing or shrinking agriculture lending
1st Jun 24, 9:41am
4
Three up, two down in terms of whether the five major rural lenders are growing or shrinking agriculture lending
Loyalty scheme Flybuys & parent company Loyalty NZ to close citing a changed landscape for loyalty programmes
31st May 24, 9:55am
5
Loyalty scheme Flybuys & parent company Loyalty NZ to close citing a changed landscape for loyalty programmes
US Treasury yields reversed course after their rise this week, encouraged by weaker data releases overnight. The 10-year rate is down 7bps to 4.54% with a slightly flatter curve
31st May 24, 7:43am
US Treasury yields reversed course after their rise this week, encouraged by weaker data releases overnight. The 10-year rate is down 7bps to 4.54% with a slightly flatter curve
Nicola Willis delivered on most of her promises but faces extremely tight budgets for years to come
31st May 24, 6:36am
168
Nicola Willis delivered on most of her promises but faces extremely tight budgets for years to come
A continued move higher in global bond yields and tepid demand for US treasury supply weighed on investor risk appetite. Global equities fell with European indices close to 1% weaker
30th May 24, 7:50am
A continued move higher in global bond yields and tepid demand for US treasury supply weighed on investor risk appetite. Global equities fell with European indices close to 1% weaker
New Zealand's biggest bank produces eye watering quarterly profit
A surprise jump in US consumer confidence and weak demand for US Treasuries at the 2 and 5-year auctions drove up US rates, the 10-year rate rising over 7bps. The USD rose
29th May 24, 7:43am
A surprise jump in US consumer confidence and weak demand for US Treasuries at the 2 and 5-year auctions drove up US rates, the 10-year rate rising over 7bps. The USD rose
Big four banks' combined interim dividends rise 40%, suggesting comfort with need to meet increased regulatory capital requirements
28th May 24, 9:31am
Big four banks' combined interim dividends rise 40%, suggesting comfort with need to meet increased regulatory capital requirements
US & UK holidays tone down markets. Some dovish comments from key ECB members pushed down European yields; US equity futures are slightly higher, and US 10-year Treasury futures are little changed
28th May 24, 7:39am
US & UK holidays tone down markets. Some dovish comments from key ECB members pushed down European yields; US equity futures are slightly higher, and US 10-year Treasury futures are little changed
With open banking threatening to finally gather some pace in New Zealand, Worldline with Online EFTPOS has been one of the early movers
27th May 24, 12:33pm
3
With open banking threatening to finally gather some pace in New Zealand, Worldline with Online EFTPOS has been one of the early movers
Moderation in US consumers’ inflation expectations underpins investor risk appetite. US Treasuries ended little-changed while the US dollar was weaker. Global equity markets were mixed in the absence of first tier economic data or fresh catalysts
27th May 24, 7:33am
Moderation in US consumers’ inflation expectations underpins investor risk appetite. US Treasuries ended little-changed while the US dollar was weaker. Global equity markets were mixed in the absence of first tier economic data or fresh catalysts
[updated]
Two banks reverse the down-trend and offer higher nine and 12 month term deposit rates. But Westpac cuts back
27th May 24, 6:03am
15
Two banks reverse the down-trend and offer higher nine and 12 month term deposit rates. But Westpac cuts back
Much stronger than expected US PMI data drove US rates and the USD higher and US equities lower. This saw the NZD lose earlier gains, but the spillover from the hawkish RBNZ policy update continued, with domestic rates higher
24th May 24, 7:51am
Much stronger than expected US PMI data drove US rates and the USD higher and US equities lower. This saw the NZD lose earlier gains, but the spillover from the hawkish RBNZ policy update continued, with domestic rates higher
BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
23rd May 24, 11:16am
83
BNZ economists now expect house prices to rise just 2% in 2024, down from an earlier forecast of 5% and say even the latest lower forecast has 'downside risk'
FOMC minutes for the May meeting were mildly hawkish. An upward surprise to UK CPI data contributed to sharp unwinding of BOE rate cut expectations. BNZ pushes back NZ rate cut expectation to February 2025
23rd May 24, 7:41am
FOMC minutes for the May meeting were mildly hawkish. An upward surprise to UK CPI data contributed to sharp unwinding of BOE rate cut expectations. BNZ pushes back NZ rate cut expectation to February 2025
More hawkish commentary from Fed speakers hasn’t perturbed the rates market, with US Treasury yields easing. Lower Canadian CPI inflation increases chance of BoC rate cut next month
22nd May 24, 7:45am
More hawkish commentary from Fed speakers hasn’t perturbed the rates market, with US Treasury yields easing. Lower Canadian CPI inflation increases chance of BoC rate cut next month
US Treasury yields up slightly, US equities up modestly and modest currency movements. More action in other markets, including record highs for copper and gold; NZ ETS carbon price slumps
21st May 24, 7:48am
US Treasury yields up slightly, US equities up modestly and modest currency movements. More action in other markets, including record highs for copper and gold; NZ ETS carbon price slumps
China announced measures to stabilise the property market boosting domestic stocks. They eased property lending requirements allowing more flexibility for minimum mortgage rates. UST yields moved higher, fully reversing the post-CPI decline
20th May 24, 7:21am
China announced measures to stabilise the property market boosting domestic stocks. They eased property lending requirements allowing more flexibility for minimum mortgage rates. UST yields moved higher, fully reversing the post-CPI decline
US Treasuries see yields steadily higher, reversing the fall seen following the US CPI release the previous night. This hasn’t perturbed equity markets, with the Dow Jones index breaking 40,000 for the first time
17th May 24, 7:52am
US Treasuries see yields steadily higher, reversing the fall seen following the US CPI release the previous night. This hasn’t perturbed equity markets, with the Dow Jones index breaking 40,000 for the first time
David Chaston looks at the rise and rise of mortgage broking in New Zealand, which is now a dominant force in controlling home loan origination activity
17th May 24, 5:00am
35
David Chaston looks at the rise and rise of mortgage broking in New Zealand, which is now a dominant force in controlling home loan origination activity
While most borrowers are focused on 6 and 12 month fixed mortgage rates, there is suddenly more competition among banks at the three year fixed rate level. It might make sense to consider that option
16th May 24, 9:22am
11
While most borrowers are focused on 6 and 12 month fixed mortgage rates, there is suddenly more competition among banks at the three year fixed rate level. It might make sense to consider that option
The widely anticipated US CPI data matched consensus expectations, a relief for investors after three consecutive upside surprises. The market brought forward expectations for Fed rate cuts triggering a strong rally across global asset markets
16th May 24, 8:10am
The widely anticipated US CPI data matched consensus expectations, a relief for investors after three consecutive upside surprises. The market brought forward expectations for Fed rate cuts triggering a strong rally across global asset markets
Creditors of NZ financial service provider Vivier asked to dip into their pockets to help liquidator pursue money in Britain
15th May 24, 10:11am
1
Creditors of NZ financial service provider Vivier asked to dip into their pockets to help liquidator pursue money in Britain
Markets remain in a holding pattern ahead of key US CPI release. Much higher than expected US PPI in April, but only a short-lived market reaction, given downward revisions. Biden announces range of tariffs on Chinese imports
15th May 24, 8:11am
Markets remain in a holding pattern ahead of key US CPI release. Much higher than expected US PPI in April, but only a short-lived market reaction, given downward revisions. Biden announces range of tariffs on Chinese imports
Mortgage brokers probably earned about $400m in the March year, up 17% year-on-year, as they gain a significantly larger share of home loan transactions
15th May 24, 6:30am
24
Mortgage brokers probably earned about $400m in the March year, up 17% year-on-year, as they gain a significantly larger share of home loan transactions