OCR
Stronger than expected US economic data, including retail sales, support US equities and the USD. Little net impact on the bond market
18th Jul 25, 7:52am
Stronger than expected US economic data, including retail sales, support US equities and the USD. Little net impact on the bond market
US PPI data undershoots, supporting Treasury market but notable steepening in yield curve. Markets volatile after report Trump discussed firing Fed Chair Powell, but then he walked it back
17th Jul 25, 7:49am
US PPI data undershoots, supporting Treasury market but notable steepening in yield curve. Markets volatile after report Trump discussed firing Fed Chair Powell, but then he walked it back
US CPI data showing the expected signs of increased tariffs feeding into higher inflation. Market pares scope for Fed easing this year; US Treasury rates higher across the curve
16th Jul 25, 7:46am
US CPI data showing the expected signs of increased tariffs feeding into higher inflation. Market pares scope for Fed easing this year; US Treasury rates higher across the curve
Muted market reaction to Trump’s weekend threat to raise tariffs on the EU and Mexico to 30%. US equities up modestly; US Treasury yields barely higher; USD broadly stronger
15th Jul 25, 7:48am
Muted market reaction to Trump’s weekend threat to raise tariffs on the EU and Mexico to 30%. US equities up modestly; US Treasury yields barely higher; USD broadly stronger
Trump issues more tariff threats, raising Canada to 35% and suggesting a 15 or 20% tariff rate to apply to remaining countries. Risk sentiment to remain dampened by Trump's weekend threat to lift EU and Mexico tariffs to 30%
14th Jul 25, 7:39am
Trump issues more tariff threats, raising Canada to 35% and suggesting a 15 or 20% tariff rate to apply to remaining countries. Risk sentiment to remain dampened by Trump's weekend threat to lift EU and Mexico tariffs to 30%
Global equity markets probing fresh record highs. US Treasury yields slightly higher. High risk sentiment supports commodity currencies
11th Jul 25, 7:43am
Global equity markets probing fresh record highs. US Treasury yields slightly higher. High risk sentiment supports commodity currencies
More tariff letters but for US trading partners well down the pecking order; more to come. Optimism around a US-EU trade deal in coming days. Global equities higher. US Treasuries well supported
10th Jul 25, 7:46am
1
More tariff letters but for US trading partners well down the pecking order; more to come. Optimism around a US-EU trade deal in coming days. Global equities higher. US Treasuries well supported
US equities trading flat, complacent about threat of higher tariffs; US Treasury yields higher and curve steeper. Net currency movements have been modest, with the AUD a clear outperformer after the RBA shock
9th Jul 25, 7:52am
US equities trading flat, complacent about threat of higher tariffs; US Treasury yields higher and curve steeper. Net currency movements have been modest, with the AUD a clear outperformer after the RBA shock
The country's largest bank says overall spending is probably flat in the past year after inflation, but it is starting to recover, slowly
8th Jul 25, 1:48pm
1
The country's largest bank says overall spending is probably flat in the past year after inflation, but it is starting to recover, slowly
Trump starts notifying countries of new import tariff rates, effective 1-August. These currently range between 25-40%, notably Japan and South Korea at 25%. More letters coming today and coming days. Markets not happy
8th Jul 25, 7:46am
Trump starts notifying countries of new import tariff rates, effective 1-August. These currently range between 25-40%, notably Japan and South Korea at 25%. More letters coming today and coming days. Markets not happy
A majority of the NZIER's 'Shadow Board' of experts recommend keeping the Official Cash Rate unchanged this week - but there's a variety of opinions on what should come next
7th Jul 25, 10:47am
A majority of the NZIER's 'Shadow Board' of experts recommend keeping the Official Cash Rate unchanged this week - but there's a variety of opinions on what should come next
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
9
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