NZ$
Treasury yields fell led by the front end. The US dollar index extended its recent decline reaching new lows for the year. US payroll growth in the year to March was revised down. FOMC minutes pointed to a September rate cut
22nd Aug 24, 7:47am
Treasury yields fell led by the front end. The US dollar index extended its recent decline reaching new lows for the year. US payroll growth in the year to March was revised down. FOMC minutes pointed to a September rate cut
A review of things you need to know before you sign off on Wednesday; more me-too rate cuts but SBS Bank goes lower, dairy prices rise, credit card data tame, listeds make news, swaps stable, NZD firm, & more
21st Aug 24, 3:59pm
72
A review of things you need to know before you sign off on Wednesday; more me-too rate cuts but SBS Bank goes lower, dairy prices rise, credit card data tame, listeds make news, swaps stable, NZD firm, & more
US Treasury yields are down 5-6bps, supported by benign Canadian CPI data. The USD is again broadly weaker, taking the DXY index down to fresh lows for the year; the yen is the strongest of the majors
21st Aug 24, 7:46am
5
US Treasury yields are down 5-6bps, supported by benign Canadian CPI data. The USD is again broadly weaker, taking the DXY index down to fresh lows for the year; the yen is the strongest of the majors
A review of things you need to know before you sign off on Tuesday; BNZ cuts home loan rates, REINZ data shows sellers meeting market lower, ComCom releases banking investigation, job ads rise, swaps hold, NZD firms, & more
20th Aug 24, 3:59pm
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A review of things you need to know before you sign off on Tuesday; BNZ cuts home loan rates, REINZ data shows sellers meeting market lower, ComCom releases banking investigation, job ads rise, swaps hold, NZD firms, & more
Fed speakers give the green light to a rate cut next month. Global equity markets rise. Eyes turn to Jackson Hole speakers
20th Aug 24, 7:35am
Fed speakers give the green light to a rate cut next month. Global equity markets rise. Eyes turn to Jackson Hole speakers
A review of things you need to know before you sign off on Monday; ANZ cuts hard, auction activity weak, PSI 'awful', population growth slows, swaps firmish, NZD stable, & more
19th Aug 24, 3:59pm
42
A review of things you need to know before you sign off on Monday; ANZ cuts hard, auction activity weak, PSI 'awful', population growth slows, swaps firmish, NZD stable, & more
BNZ head of research Stephen Toplis says it will take till 2029 for per capita GDP to return to previous levels
19th Aug 24, 2:36pm
75
BNZ head of research Stephen Toplis says it will take till 2029 for per capita GDP to return to previous levels
Roger J Kerr says the RBNZ claim of victory over inflation may be premature
Global asset markets subdued, but S&P500 rose for a seventh straight day, up +4% for the week. Gold rises to frest all-time high
19th Aug 24, 7:18am
Global asset markets subdued, but S&P500 rose for a seventh straight day, up +4% for the week. Gold rises to frest all-time high
David Hargreaves says it might be in everyone's best interests if the Reserve Bank finds a less blunt way of communicating its thoughts on the future levels of the Official Cash Rate
18th Aug 24, 6:30am
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David Hargreaves says it might be in everyone's best interests if the Reserve Bank finds a less blunt way of communicating its thoughts on the future levels of the Official Cash Rate
A review of things you need to know before you sign off on Friday; more retail rate cuts, PMI 'dreadful', PPI rises but farm expenses fall, swaps still moving, NZD stable, & more
16th Aug 24, 3:59pm
92
A review of things you need to know before you sign off on Friday; more retail rate cuts, PMI 'dreadful', PPI rises but farm expenses fall, swaps still moving, NZD stable, & more
Stronger than expected US retail sales and jobless claims data helped dispel concerns about the US economic slowdown and sent equities and bond yields higher
16th Aug 24, 7:43am
6
Stronger than expected US retail sales and jobless claims data helped dispel concerns about the US economic slowdown and sent equities and bond yields higher
A review of things you need to know before you sign off on Thursday; stragglers cut, retail sales hold, food prices rise again, inflation expectations sticky, NZGBs popular, swaps down, NZD little-changed, & more
15th Aug 24, 3:59pm
87
A review of things you need to know before you sign off on Thursday; stragglers cut, retail sales hold, food prices rise again, inflation expectations sticky, NZGBs popular, swaps down, NZD little-changed, & more
Key US inflation data was in line with consensus estimates and had limited lasting market impact. NZD/USD was stable in offshore trade, following its 1% fall yesterday
15th Aug 24, 7:49am
Key US inflation data was in line with consensus estimates and had limited lasting market impact. NZD/USD was stable in offshore trade, following its 1% fall yesterday
Reserve Bank’s early rate cut ends three years of tightening, signalling a major policy shift amid worsening economic conditions
15th Aug 24, 7:41am
38
Reserve Bank’s early rate cut ends three years of tightening, signalling a major policy shift amid worsening economic conditions
A review of things you need to know before you sign off on Wednesday; RBNZ cuts, some banks follow quickly, RBNZ data shows recession, ASB profit falls, swaps slip, NZD retreats, & more
14th Aug 24, 3:59pm
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A review of things you need to know before you sign off on Wednesday; RBNZ cuts, some banks follow quickly, RBNZ data shows recession, ASB profit falls, swaps slip, NZD retreats, & more
Reserve Bank starts long awaited interest rate cuts, and is forecasting further cuts before the end of the year. It also now sees annual inflation falling to just 2.3% by the end of this quarter
14th Aug 24, 2:11pm
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Reserve Bank starts long awaited interest rate cuts, and is forecasting further cuts before the end of the year. It also now sees annual inflation falling to just 2.3% by the end of this quarter
A benign US PPI got the market’s attention and helped drive lower US rates, a lower USD and higher US equities. Against broad-based weakness in the USD, the NZD has outperformed
14th Aug 24, 7:45am
19
A benign US PPI got the market’s attention and helped drive lower US rates, a lower USD and higher US equities. Against broad-based weakness in the USD, the NZD has outperformed
A review of things you need to know before you sign off on Tuesday; a new low 1yr mortgage rate, house values retreat, more immigrants, more visitors, swaps stable, NZD firm, & more
13th Aug 24, 4:00pm
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A review of things you need to know before you sign off on Tuesday; a new low 1yr mortgage rate, house values retreat, more immigrants, more visitors, swaps stable, NZD firm, & more
A quiet start to a busy week, with US equities flat, US Treasury yields slightly lower and modest changes in major currencies. The economic calendar picks up, with Australian wages data, UK labour market data and US PPI ahead
13th Aug 24, 7:46am
A quiet start to a busy week, with US equities flat, US Treasury yields slightly lower and modest changes in major currencies. The economic calendar picks up, with Australian wages data, UK labour market data and US PPI ahead
[updated]
A review of things you need to know before you sign off on Monday; no retail rate changes, new building work slows fast, Govt warned its water 'reform' carries big financial risks, grocery inflation slows, swaps stable, NZD stable, & more
12th Aug 24, 3:59pm
71
A review of things you need to know before you sign off on Monday; no retail rate changes, new building work slows fast, Govt warned its water 'reform' carries big financial risks, grocery inflation slows, swaps stable, NZD stable, & more
HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
12th Aug 24, 2:20pm
33
HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
Roger J Kerr believes the likely outcome of this week's Official Cash Rate review is that Reserve Bank Governor Adrian Orr 'will keep the markets guessing for a while longer'
12th Aug 24, 8:33am
42
Roger J Kerr believes the likely outcome of this week's Official Cash Rate review is that Reserve Bank Governor Adrian Orr 'will keep the markets guessing for a while longer'
Big week ahead, with RBNZ MPS and key global data, including the US CPI. US equity markets recovered on Friday with a modest gain while the US Treasuries curve flattened
12th Aug 24, 7:18am
Big week ahead, with RBNZ MPS and key global data, including the US CPI. US equity markets recovered on Friday with a modest gain while the US Treasuries curve flattened
David Hargreaves previews the forthcoming OCR review in which all attention revolves around whether the Reserve Bank will stick to its own script - or acquiesce to the urgings of financial markets for cuts, not so much now, as YESTERDAY, please
11th Aug 24, 6:30am
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David Hargreaves previews the forthcoming OCR review in which all attention revolves around whether the Reserve Bank will stick to its own script - or acquiesce to the urgings of financial markets for cuts, not so much now, as YESTERDAY, please