OCR
A whiff of negative risk sentiment ahead of the July 9 end-of-pause day regarding reciprocal tariffs. US equity futures fall. Commodity currencies edge lower
7th Jul 25, 7:31am
A whiff of negative risk sentiment ahead of the July 9 end-of-pause day regarding reciprocal tariffs. US equity futures fall. Commodity currencies edge lower
The Reserve Bank will likely end a sequence of six consecutive cuts to the Official Cash Rate in the coming week - but we've probably not seen the end of the rate reductions yet
6th Jul 25, 6:01am
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The Reserve Bank will likely end a sequence of six consecutive cuts to the Official Cash Rate in the coming week - but we've probably not seen the end of the rate reductions yet
US nonfarm payrolls up in June, unemployment rate fall. Stronger headline figures send US rates higher across the curve. US equities close at another fresh record high. US Budget bill passes after the early market close
4th Jul 25, 7:52am
US nonfarm payrolls up in June, unemployment rate fall. Stronger headline figures send US rates higher across the curve. US equities close at another fresh record high. US Budget bill passes after the early market close
US announces trade deal with Vietnam. S&P500 underpinned and trades to fresh record high. ADP private payrolls significantly undershoot expectations
3rd Jul 25, 7:39am
US announces trade deal with Vietnam. S&P500 underpinned and trades to fresh record high. ADP private payrolls significantly undershoot expectations
Front end treasury yields higher after stronger than expected US job openings. Trump’s US$3.3 tln tax and spending bill has passed the Senate. Currency markets stable
2nd Jul 25, 8:00am
Front end treasury yields higher after stronger than expected US job openings. Trump’s US$3.3 tln tax and spending bill has passed the Senate. Currency markets stable
S&P500 hits a fresh record intra-day high and has registered near 10% gains in the quarter outstripping other indices. US Treasury Secretary wants to avoid longer end treasury supply. US Treasury yields decline and the curve flattens
1st Jul 25, 7:52am
S&P500 hits a fresh record intra-day high and has registered near 10% gains in the quarter outstripping other indices. US Treasury Secretary wants to avoid longer end treasury supply. US Treasury yields decline and the curve flattens
After recovering from a dip on tariff concerns, the S&P500 closed at a record high. US core PCE deflator benign but above expectations. Real consumption soft. OPEC+ is considering a further increase in supply
30th Jun 25, 7:43am
After recovering from a dip on tariff concerns, the S&P500 closed at a record high. US core PCE deflator benign but above expectations. Real consumption soft. OPEC+ is considering a further increase in supply
US rates lower, with the possible appointment of a "low-rates" guy to the US Fed just another reason to sell the USD. USD indices fall to fresh multi-year lows. But equity markets probe record highs
27th Jun 25, 7:46am
US rates lower, with the possible appointment of a "low-rates" guy to the US Fed just another reason to sell the USD. USD indices fall to fresh multi-year lows. But equity markets probe record highs
ASB economists say the Reserve Bank is closer to the end of its 'easing cycle' than they had previously judged
26th Jun 25, 3:04pm
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ASB economists say the Reserve Bank is closer to the end of its 'easing cycle' than they had previously judged
Calm market conditions overnight. EUR and GBP push up to fresh 2025 highs; NZD solidifies recovery above 60 USc. A full 25bps rate cut now priced for the US Fed by September
26th Jun 25, 7:43am
Calm market conditions overnight. EUR and GBP push up to fresh 2025 highs; NZD solidifies recovery above 60 USc. A full 25bps rate cut now priced for the US Fed by September
Middle East ceasefire supports risk sensitive assets. Oil prices plunge. Fed Chair Powell reiterates FOMC messaging. US treasuries rally on weak confidence data and lower oil prices
25th Jun 25, 7:51am
Middle East ceasefire supports risk sensitive assets. Oil prices plunge. Fed Chair Powell reiterates FOMC messaging. US treasuries rally on weak confidence data and lower oil prices
Iran orchestrates a missile strike on a US base in Qatar; but well-telegraphed and seen more as symbolic than an escalation in the conflict. Market relieved that oil infrastructure not targeted. Risk assets recover strongly
24th Jun 25, 7:42am
Iran orchestrates a missile strike on a US base in Qatar; but well-telegraphed and seen more as symbolic than an escalation in the conflict. Market relieved that oil infrastructure not targeted. Risk assets recover strongly
Westpac's chief economist Kelly Eckhold says the Reserve Bank will be keeping a close eye on which of the 'competing growth and inflation drivers' will dominate over the rest of the year
23rd Jun 25, 12:07pm
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Westpac's chief economist Kelly Eckhold says the Reserve Bank will be keeping a close eye on which of the 'competing growth and inflation drivers' will dominate over the rest of the year
ASB's latest rate reductions are uninspiring for customers, embedding levels all their main rivals were already at, and reinforcing that rate competition is now more perfunctory than real at present
23rd Jun 25, 8:17am
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ASB's latest rate reductions are uninspiring for customers, embedding levels all their main rivals were already at, and reinforcing that rate competition is now more perfunctory than real at present
Further escalation in Middle East conflict to weigh on investor risk appetite and underpin oil prices. Fed Governor Waller said the central bank could cut rates as soon as July highlighting the split amongst the FOMC
23rd Jun 25, 7:24am
Further escalation in Middle East conflict to weigh on investor risk appetite and underpin oil prices. Fed Governor Waller said the central bank could cut rates as soon as July highlighting the split amongst the FOMC