Jason Wong
US Thanksgiving holiday brings quiet markets. NZ rates higher yesterday in the aftermath of Wednesday's RBNZ MPS, some much stronger NZ data and angst over a possible wave of mortgage fixing
28th Nov 25, 7:53am
US Thanksgiving holiday brings quiet markets. NZ rates higher yesterday in the aftermath of Wednesday's RBNZ MPS, some much stronger NZ data and angst over a possible wave of mortgage fixing
US data released were soft and there was a report that Trump is most likely to select the most dovish candidate, Hassett, as the next Fed chair. The USD is broadly weaker and the 10-year rate has slipped below 4%
26th Nov 25, 7:39am
US data released were soft and there was a report that Trump is most likely to select the most dovish candidate, Hassett, as the next Fed chair. The USD is broadly weaker and the 10-year rate has slipped below 4%
US equities on track for anther solid gain, backing up Friday's rally, with big tech leading the charge. Another Fed voter supports a December rate cut taking chance to 70%
25th Nov 25, 7:47am
US equities on track for anther solid gain, backing up Friday's rally, with big tech leading the charge. Another Fed voter supports a December rate cut taking chance to 70%
Big shift in risk sentiment overnight; positive Nvidia morphs into a decent loss. US non-farm payrolls for September rise but unemployment rate rises to four-year high. Oil prices push lower
21st Nov 25, 7:58am
Big shift in risk sentiment overnight; positive Nvidia morphs into a decent loss. US non-farm payrolls for September rise but unemployment rate rises to four-year high. Oil prices push lower
USD broadly stronger; NZD whacked, trading at seven month low and erasing all its gain through 2025; JPY down to 10-month low. US equities flat ahead of Nvidia's earnings after the close. Oil weaker
20th Nov 25, 7:55am
USD broadly stronger; NZD whacked, trading at seven month low and erasing all its gain through 2025; JPY down to 10-month low. US equities flat ahead of Nvidia's earnings after the close. Oil weaker
US government shutdown finally ends; US equities show a decent fall, dragged down by the tech sector. Market pares Fed easing expectations. December cut no longer seen as likely. US Treasury yields push higher
14th Nov 25, 7:50am
US government shutdown finally ends; US equities show a decent fall, dragged down by the tech sector. Market pares Fed easing expectations. December cut no longer seen as likely. US Treasury yields push higher
US Treasuries reversed the previous day’s selloff, with the market supported by some soft US labour market reports. Whipsaw action in US equities continues. The risk-off mood has seen the NZD and AUD underperform
7th Nov 25, 7:54am
US Treasuries reversed the previous day’s selloff, with the market supported by some soft US labour market reports. Whipsaw action in US equities continues. The risk-off mood has seen the NZD and AUD underperform
A decent selloff in US Treasuries overnight following stronger than expected US economic data and the US Treasury’s quarterly refunding announcement. Currency markets show little response to higher US rates
6th Nov 25, 7:44am
A decent selloff in US Treasuries overnight following stronger than expected US economic data and the US Treasury’s quarterly refunding announcement. Currency markets show little response to higher US rates
A risk-off tone has pervaded markets, driving down global equities and supporting bond markets; US S&P500 down -1%. Global rates push lower. JPY and USD stronger on safe haven flows
5th Nov 25, 7:55am
A risk-off tone has pervaded markets, driving down global equities and supporting bond markets; US S&P500 down -1%. Global rates push lower. JPY and USD stronger on safe haven flows
Gold prices slump -6% following parabolic move higher; ditto silver prices. Global equity markets continue to push higher. Global rates are lower
22nd Oct 25, 7:52am
Gold prices slump -6% following parabolic move higher; ditto silver prices. Global equity markets continue to push higher. Global rates are lower
US and European equities show decent gains; Japan's Nikkei up 3.4% as political fog clears. NZD outperforms with no reaction in the rates market to NZ Q3 CPI data showing annual CPI rising to 3%
21st Oct 25, 7:50am
US and European equities show decent gains; Japan's Nikkei up 3.4% as political fog clears. NZD outperforms with no reaction in the rates market to NZ Q3 CPI data showing annual CPI rising to 3%
A positive turnaround in US risk sentiment with less angst on US regional banks and Trump ,ore positive about US-China trade relations. NZ yields fall to fresh lows; focus today on expected strong NZ Q3 CPI data
20th Oct 25, 7:29am
A positive turnaround in US risk sentiment with less angst on US regional banks and Trump ,ore positive about US-China trade relations. NZ yields fall to fresh lows; focus today on expected strong NZ Q3 CPI data
US equites are modestly weaker and US Treasury yields are lower, with risk sentiment weakening during the middle of the NY trading session; some focus on issues facing a couple of US regional banks
17th Oct 25, 7:49am
US equites are modestly weaker and US Treasury yields are lower, with risk sentiment weakening during the middle of the NY trading session; some focus on issues facing a couple of US regional banks
The UST 10-year rate took another peak below 4% but yields are now modestly higher. Currency movements have been modest and the NZD is down a touch probing fresh lows against EUR and GBP
16th Oct 25, 7:55am
The UST 10-year rate took another peak below 4% but yields are now modestly higher. Currency movements have been modest and the NZD is down a touch probing fresh lows against EUR and GBP
US-China trade tensions have pervaded the headlines and been a focus for the market; a rollercoaster ride for markets with a big swing in the USD and US equities, reflecting gyrations in risk sentiment
15th Oct 25, 7:49am
US-China trade tensions have pervaded the headlines and been a focus for the market; a rollercoaster ride for markets with a big swing in the USD and US equities, reflecting gyrations in risk sentiment