NZ$
Market expectations of Official Cash Rate settings leaning towards cuts after the increase in unemployment this week
2nd Nov 23, 2:11pm
19
Market expectations of Official Cash Rate settings leaning towards cuts after the increase in unemployment this week
US Fed leaves rates on hold for a second consecutive meeting. US Treasury's quarterly refunding announcement notes intention to slow pace of longer term debt issuance which drives much lower Treasury yields, led by the long end
2nd Nov 23, 8:25am
US Fed leaves rates on hold for a second consecutive meeting. US Treasury's quarterly refunding announcement notes intention to slow pace of longer term debt issuance which drives much lower Treasury yields, led by the long end
A review of things you need to know before you sign off on Wednesday; jobless rate rises, pay rates up, FSR warns on more non-performing loans, new cars sell well, swaps lower, NZD lower, & more
1st Nov 23, 3:59pm
52
A review of things you need to know before you sign off on Wednesday; jobless rate rises, pay rates up, FSR warns on more non-performing loans, new cars sell well, swaps lower, NZD lower, & more
BoJ loosens grip on yield curve control policy. Despite that, the yen shows a notable decline. US employment cost index slightly higher than expected. Euro area data shows economic contraction in Q3 and weaker inflation
1st Nov 23, 7:48am
BoJ loosens grip on yield curve control policy. Despite that, the yen shows a notable decline. US employment cost index slightly higher than expected. Euro area data shows economic contraction in Q3 and weaker inflation
A review of things you need to know before you sign off on Tuesday; more retail rate changes, businesses like election result, building consents dive, lending activity tepid, swaps up, NZD stable, & more
31st Oct 23, 3:59pm
21
A review of things you need to know before you sign off on Tuesday; more retail rate changes, businesses like election result, building consents dive, lending activity tepid, swaps up, NZD stable, & more
Risk appetite starts week on a positive note. Oil prices down 3%. Eyes on bank of Japan. US Treasury markets jittery
31st Oct 23, 7:46am
Risk appetite starts week on a positive note. Oil prices down 3%. Eyes on bank of Japan. US Treasury markets jittery
[updated]
A review of things you need to know before you sign off on Monday; more retail rate changes, strongish labour market detail, Supie in administration, swaps and NZD on hold, & more
30th Oct 23, 3:59pm
58
A review of things you need to know before you sign off on Monday; more retail rate changes, strongish labour market detail, Supie in administration, swaps and NZD on hold, & more
Roger J Kerr says an RBA interest rate hike next week would certainly propel the AUD/USD exchange rate higher, and the NZD/USD rate will follow
30th Oct 23, 8:14am
6
Roger J Kerr says an RBA interest rate hike next week would certainly propel the AUD/USD exchange rate higher, and the NZD/USD rate will follow
Global equities ended the week on a soft note with geopolitical risks and an underwhelming corporate earnings season undermining market sentiment. US core PCE deflator rose 3.7% annual rate in September
30th Oct 23, 7:32am
Global equities ended the week on a soft note with geopolitical risks and an underwhelming corporate earnings season undermining market sentiment. US core PCE deflator rose 3.7% annual rate in September
A review of things you need to know before you sign off on Friday; some more TD rate rises, consumer sentiment rises marginally, SkyCity faces reckoning, Li Keqiang dies, swaps on hold, NZD firms, & more
27th Oct 23, 3:59pm
33
A review of things you need to know before you sign off on Friday; some more TD rate rises, consumer sentiment rises marginally, SkyCity faces reckoning, Li Keqiang dies, swaps on hold, NZD firms, & more
Investor risk sentiment remains fragile with global equities extending recent losses amid disappointing earnings from large US tech companies. The ECB held rates steady at 4% as expected. US GDP expanded at a healthy 4.9% annual rate in Q3
27th Oct 23, 7:48am
Investor risk sentiment remains fragile with global equities extending recent losses amid disappointing earnings from large US tech companies. The ECB held rates steady at 4% as expected. US GDP expanded at a healthy 4.9% annual rate in Q3
A review of things you need to know before you sign off on Thursday; unsecured credit demand higher, household living costs jump, mortgage interest eats more of household budgets, swaps stable, NZD firms, & more
26th Oct 23, 4:00pm
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A review of things you need to know before you sign off on Thursday; unsecured credit demand higher, household living costs jump, mortgage interest eats more of household budgets, swaps stable, NZD firms, & more
Statistics NZ says food and housing continue to be key drivers of increased costs for households
26th Oct 23, 11:13am
53
Statistics NZ says food and housing continue to be key drivers of increased costs for households
US equities lost ground as treasury yields moved sharply higher impacting risk sentiment. The Bank of Canada left rates steady at 5% as expected. Markets look ahead to the ECB meeting this evening and US Q3 GDP data
26th Oct 23, 7:49am
1
US equities lost ground as treasury yields moved sharply higher impacting risk sentiment. The Bank of Canada left rates steady at 5% as expected. Markets look ahead to the ECB meeting this evening and US Q3 GDP data
A review of things you need to know before you sign off on Wednesday; big banks move rates up, strong immigration doesn't bring strong growth, Aussie inflation in surprise rise, swaps hold, NZD holds, & more
25th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Wednesday; big banks move rates up, strong immigration doesn't bring strong growth, Aussie inflation in surprise rise, swaps hold, NZD holds, & more
Softer European PMIs, stronger US PMIs support stronger USD. NZD/AUD grinds down further. US 10-year rate sustains the fall to below 5%
25th Oct 23, 7:49am
Softer European PMIs, stronger US PMIs support stronger USD. NZD/AUD grinds down further. US 10-year rate sustains the fall to below 5%
[updated]
A review of things you need to know before you sign off on Tuesday; 6.7% for a one year TD, vendors lower their sights, restoring interest deductibility to raise real estate demand, swaps unchanged, NZD holds, & more
24th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Tuesday; 6.7% for a one year TD, vendors lower their sights, restoring interest deductibility to raise real estate demand, swaps unchanged, NZD holds, & more
Wild price action in the bond market; US 10-year rate trades as high as 5.02% before sharply plunging to 4.83%. US equities weak until sharp fall in rates drives strong recovery off the low
24th Oct 23, 7:48am
4
Wild price action in the bond market; US 10-year rate trades as high as 5.02% before sharply plunging to 4.83%. US equities weak until sharp fall in rates drives strong recovery off the low
Roger J Kerr sees the US playing a very high-stakes 'game' that cannot last, raising the risks of an American recession. The USD is over-valued and until it comes down, American interest rates will stay high
23rd Oct 23, 7:00am
11
Roger J Kerr sees the US playing a very high-stakes 'game' that cannot last, raising the risks of an American recession. The USD is over-valued and until it comes down, American interest rates will stay high
A review of things you need to know before you sign off on Friday; credit conditions tighter for some, exports to China fall, NZGB bond tender very popular, swaps hold high, NZD falls, & more
20th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Friday; credit conditions tighter for some, exports to China fall, NZGB bond tender very popular, swaps hold high, NZD falls, & more
Whippy markets during Powell speech as US 10-year trades a fresh high for the cycle. NZ long-term rates follow global moves and close at fresh highs
20th Oct 23, 8:09am
Whippy markets during Powell speech as US 10-year trades a fresh high for the cycle. NZ long-term rates follow global moves and close at fresh highs
A review of things you need to know before you sign off on Thursday; tough for FHBs but they borrow anyway, fraudsters jailed, NZGB tender 880 delayed, long swaps jump, NZD lower, & more
19th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Thursday; tough for FHBs but they borrow anyway, fraudsters jailed, NZGB tender 880 delayed, long swaps jump, NZD lower, & more
Global bonds markets under pressure with US treasuries making fresh multi-year highs ahead of a widely anticipated speech by Fed Chair Powell. Oil prices higher. The Chinese economy expanded 4.9% in Q3, faster than expected
19th Oct 23, 7:54am
1
Global bonds markets under pressure with US treasuries making fresh multi-year highs ahead of a widely anticipated speech by Fed Chair Powell. Oil prices higher. The Chinese economy expanded 4.9% in Q3, faster than expected
[updated]
A review of things you need to know before you sign off on Wednesday; higher retail rates, higher dairy prices & payout, more price indexes more frequently, swaps jump, oil up, NZD down, & more
18th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Wednesday; higher retail rates, higher dairy prices & payout, more price indexes more frequently, swaps jump, oil up, NZD down, & more
Much stronger than expected US retail sales data and recovery in industrial production play to economic resilience narrative. US Treasury yields higher across the curve
18th Oct 23, 8:04am
Much stronger than expected US retail sales data and recovery in industrial production play to economic resilience narrative. US Treasury yields higher across the curve