Currencies
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
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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
Risk sentiment leans positive on Israel-Hamas de-escalation hopes. US retail sales hotter than expected; US yields rip higher, 10-yr nears 5%. Aussie outperforms following surprisingly hawkish RBA meeting minutes
18th Oct 23, 8:28am
Risk sentiment leans positive on Israel-Hamas de-escalation hopes. US retail sales hotter than expected; US yields rip higher, 10-yr nears 5%. Aussie outperforms following surprisingly hawkish RBA meeting minutes
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
Risk sentiment leans positive on Israel-Hamas de-escalation hopes. Pricing geological risk is notoriously hard, expect volatile and wild swings. NZD opens higher
17th Oct 23, 8:26am
Risk sentiment leans positive on Israel-Hamas de-escalation hopes. Pricing geological risk is notoriously hard, expect volatile and wild swings. NZD opens higher
New week kicks off with higher risk appetite. USD broadly weaker, US equities higher, US Treasury yields higher with 10-year rate up 10bps. Eyes on NZ CPI, expecting high inflation rate
17th Oct 23, 7:46am
New week kicks off with higher risk appetite. USD broadly weaker, US equities higher, US Treasury yields higher with 10-year rate up 10bps. Eyes on NZ CPI, expecting high inflation rate
Risk aversion dominates amidst rising concerns of Israel-Hamas escalation. Resounding National election victory wont impact NZD direction
16th Oct 23, 9:03am
Risk aversion dominates amidst rising concerns of Israel-Hamas escalation. Resounding National election victory wont impact NZD direction
Roger J Kerr says policy initiatives from the new Government should attract inwards capital and portfolio investors
16th Oct 23, 8:37am
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Roger J Kerr says policy initiatives from the new Government should attract inwards capital and portfolio investors
Rising investor risk aversion hangs over global markets. Global equities fell and flows into safe haven assets picked up. Both oil and gold surged. US consumer sentiment fell to the lowest level since May
16th Oct 23, 7:23am
Rising investor risk aversion hangs over global markets. Global equities fell and flows into safe haven assets picked up. Both oil and gold surged. US consumer sentiment fell to the lowest level since May
US CPI delivers headline beat, annualised inflation remains at 3.7%. Bond yields and the dollar rip higher despite unlikely November hike. ECB minutes reveal the eurozone central bank may not be done hiking
13th Oct 23, 8:06am
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US CPI delivers headline beat, annualised inflation remains at 3.7%. Bond yields and the dollar rip higher despite unlikely November hike. ECB minutes reveal the eurozone central bank may not be done hiking
Annual US core inflation falls to two-year low of 4.1%, but strong underbelly for September plays to higher for longer rates theme. US Treasury yields up strongly, with further kick higher for the long end after a poor 30-year auction
13th Oct 23, 7:57am
Annual US core inflation falls to two-year low of 4.1%, but strong underbelly for September plays to higher for longer rates theme. US Treasury yields up strongly, with further kick higher for the long end after a poor 30-year auction
US Fed in 'wait and see' mode with PPI slightly higher than expected and eyes on US CPI. China considers raising 2023 budget deficit to allow for more stimulus
12th Oct 23, 7:52am
US Fed in 'wait and see' mode with PPI slightly higher than expected and eyes on US CPI. China considers raising 2023 budget deficit to allow for more stimulus
Dovish Fed speak: some Fed officials believe year-end hike not required. Global equities benefit from treasury yield pullback, US 10yr through 4.65%
11th Oct 23, 7:57am
Dovish Fed speak: some Fed officials believe year-end hike not required. Global equities benefit from treasury yield pullback, US 10yr through 4.65%
Markets taking a sanguine view on Israel-Hamas conflict. Market more focused on the possible end of Fed tightening cycle after recent Fed speeches. Chance of additional Fed hike down to 30%; US Treasuries sustain yesterday's rally
11th Oct 23, 7:52am
Markets taking a sanguine view on Israel-Hamas conflict. Market more focused on the possible end of Fed tightening cycle after recent Fed speeches. Chance of additional Fed hike down to 30%; US Treasuries sustain yesterday's rally
Market focused on implications of renewed geopolitical risk. Muted reaction so far. Fed speakers say they are mindful of the recent tightening in financial conditions
10th Oct 23, 7:40am
Market focused on implications of renewed geopolitical risk. Muted reaction so far. Fed speakers say they are mindful of the recent tightening in financial conditions
Roger J Kerr says part of the explanation for the recent NZ dollar stability in the face of a stronger US dollar and weaker global equity markets, is the expectation of a change of Government
9th Oct 23, 8:21am
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Roger J Kerr says part of the explanation for the recent NZ dollar stability in the face of a stronger US dollar and weaker global equity markets, is the expectation of a change of Government
US nonfarm payrolls easily beat expectations resulting in significant moves across asset markets. They rose double the consensus estimate, with sizable upward revisions to previous months. US treasuries sold off aggressively following the data
9th Oct 23, 7:35am
US nonfarm payrolls easily beat expectations resulting in significant moves across asset markets. They rose double the consensus estimate, with sizable upward revisions to previous months. US treasuries sold off aggressively following the data
Despite hot nonfarm payrolls, US treasury yields and dollar head south. Softer-than-expected jobless rate & avg. hourly earnings trumps jobs growth. Hamas unleashes devastating attack on Israel, risk-off to start the week
9th Oct 23, 7:29am
Despite hot nonfarm payrolls, US treasury yields and dollar head south. Softer-than-expected jobless rate & avg. hourly earnings trumps jobs growth. Hamas unleashes devastating attack on Israel, risk-off to start the week
Markets stable ahead of US labour data. Oil down -14% from September highs. US initial jobless claims steady. Global bond markets take pause from the aggressive recent sell-off
6th Oct 23, 7:31am
Markets stable ahead of US labour data. Oil down -14% from September highs. US initial jobless claims steady. Global bond markets take pause from the aggressive recent sell-off
Bond market rout paused following soft ADP & in-line ISM Services PMI. RBNZ delivers widely expected on-hold decision, dovish leaning statement
5th Oct 23, 8:02am
Bond market rout paused following soft ADP & in-line ISM Services PMI. RBNZ delivers widely expected on-hold decision, dovish leaning statement
Global bond yields pulled back from multi-year highs. The ADP estimate of US private non-farm payrolls lower than consensus estimates. Oil prices fell to the lowest level since early September
5th Oct 23, 7:50am
Global bond yields pulled back from multi-year highs. The ADP estimate of US private non-farm payrolls lower than consensus estimates. Oil prices fell to the lowest level since early September
Stronger than expected US JOLTS report sends US 10-year rate up to fresh highs and pushes USD DXY index up to fresh YTD high; yen jittery
4th Oct 23, 7:54am
Stronger than expected US JOLTS report sends US 10-year rate up to fresh highs and pushes USD DXY index up to fresh YTD high; yen jittery
Surprise weekend resolution to avoid US government shutdown and stronger than expected US ISM manufacturing survey add to upside pressure on rates. Fresh highs in yields and steeper curves; US 10-year rate cracks 4.7% before market finds support
3rd Oct 23, 7:48am
Surprise weekend resolution to avoid US government shutdown and stronger than expected US ISM manufacturing survey add to upside pressure on rates. Fresh highs in yields and steeper curves; US 10-year rate cracks 4.7% before market finds support
Roger J Kerr says there has been a rapid shift in sentiment and direction of the Kiwi dollar over the last two weeks
2nd Oct 23, 8:35am
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Roger J Kerr says there has been a rapid shift in sentiment and direction of the Kiwi dollar over the last two weeks
Global markets were generally subdued into month-end after large losses for bonds and equities during September. Further signs of easing price pressures in the US and Eurozone
2nd Oct 23, 7:43am
Global markets were generally subdued into month-end after large losses for bonds and equities during September. Further signs of easing price pressures in the US and Eurozone
US bond yields lag UK and EU yields, rampant USD rally halted ... for now. US equity market selling paused amid month & quarter end rebalancing
29th Sep 23, 8:36am
US bond yields lag UK and EU yields, rampant USD rally halted ... for now. US equity market selling paused amid month & quarter end rebalancing
