BNZ
Stronger than expected US GDP data supported the soft-landing narrative, and US equities have consolidated after yesterday's tumble. Currency markets have remained erratic
26th Jul 24, 7:54am
Stronger than expected US GDP data supported the soft-landing narrative, and US equities have consolidated after yesterday's tumble. Currency markets have remained erratic
US stocks tumble, led by the mega cap and IT stocks. However, it doesn’t seem like a classic risk-off event, with the UST 10yr rate up and the curve steepened significantly. The Bank of Canada cuts again, by 25bps. The yen continues to outperform
25th Jul 24, 7:43am
2
US stocks tumble, led by the mega cap and IT stocks. However, it doesn’t seem like a classic risk-off event, with the UST 10yr rate up and the curve steepened significantly. The Bank of Canada cuts again, by 25bps. The yen continues to outperform
[updated]
Union says BNZ putting profit above its people with jobs to be moved from NZ to Accenture in India
24th Jul 24, 3:33pm
23
Union says BNZ putting profit above its people with jobs to be moved from NZ to Accenture in India
Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading
24th Jul 24, 2:38pm
48
Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading
US equities are flat and US Treasury yields are slightly lower. Of note is that lower commodity prices continue to drag down the NZD and AUD, while the yen remains flavour of the week
24th Jul 24, 7:43am
US equities are flat and US Treasury yields are slightly lower. Of note is that lower commodity prices continue to drag down the NZD and AUD, while the yen remains flavour of the week
[updated]
Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?
24th Jul 24, 5:00am
29
Banks typically charge low equity fees for borrowers with deposits below 20%. Are these reapplied if equity rises above 20% and then drops back below 20%?
Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more
23rd Jul 24, 10:57am
53
Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more
US equities have rebounded, recovering from last week’s hiccup, driven by the tech sector. Market reaction to Biden’s withdrawal from the Presidential race has been muted, with only small changes in the USD and Treasury yields
23rd Jul 24, 7:40am
US equities have rebounded, recovering from last week’s hiccup, driven by the tech sector. Market reaction to Biden’s withdrawal from the Presidential race has been muted, with only small changes in the USD and Treasury yields
Major banks complete shift of home loan rates lower. ASB pointedly grabs the lowest 6 month and 5 year rate offers of any bank. But a broader perspective suggests even lower rates are possible
22nd Jul 24, 8:36am
100
Major banks complete shift of home loan rates lower. ASB pointedly grabs the lowest 6 month and 5 year rate offers of any bank. But a broader perspective suggests even lower rates are possible
Financial markets ended last week on a soft note, with weaker global equity markets, higher global rates and lower commodity prices. Volumes were light as trading activity was restricted by the global IT outage
22nd Jul 24, 7:33am
Financial markets ended last week on a soft note, with weaker global equity markets, higher global rates and lower commodity prices. Volumes were light as trading activity was restricted by the global IT outage
[updated]
BNZ the latest bank to cut fixed mortgage rates, offering the lowest 18 month fixed rate of any main bank and equal low for other popular terms. Heartland Bank, Kiwibank cut too
19th Jul 24, 9:45am
87
BNZ the latest bank to cut fixed mortgage rates, offering the lowest 18 month fixed rate of any main bank and equal low for other popular terms. Heartland Bank, Kiwibank cut too
Global equity markets declined for the second consecutive session. Equities are beginning to price in more political risk. The US dollar gained against G10 currencies
19th Jul 24, 7:46am
Global equity markets declined for the second consecutive session. Equities are beginning to price in more political risk. The US dollar gained against G10 currencies
[updated]
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
18th Jul 24, 9:21am
34
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
Key Fed officials suggest greater confidence in the disinflationary trend. Technology stocks led declines in global equities amid concerns about tighter restrictions from the US government on exports to China
18th Jul 24, 7:33am
Key Fed officials suggest greater confidence in the disinflationary trend. Technology stocks led declines in global equities amid concerns about tighter restrictions from the US government on exports to China
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
18th Jul 24, 5:00am
30
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
[updated]
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
17th Jul 24, 5:59pm
86
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
The US Treasury yield curve flattened and currency markets are little changed. Gold hit a record high of US$2465 an ounce. US equities advanced following unexpectedly strong retail sales data
17th Jul 24, 7:51am
The US Treasury yield curve flattened and currency markets are little changed. Gold hit a record high of US$2465 an ounce. US equities advanced following unexpectedly strong retail sales data
Powell looks to rate cuts, but without saying when. The US treasury curve has continued to steepen. 30-year yields are above 2-year yields for the first time since November. China’s Q2 GDP data was weaker than expected
16th Jul 24, 8:07am
Powell looks to rate cuts, but without saying when. The US treasury curve has continued to steepen. 30-year yields are above 2-year yields for the first time since November. China’s Q2 GDP data was weaker than expected
Activity in the service sector has dropped sharply again in June to once again be at the lowest level in 17 years apart from during lockdowns
15th Jul 24, 11:43am
77
Activity in the service sector has dropped sharply again in June to once again be at the lowest level in 17 years apart from during lockdowns
Markets looked past strong US PPI data. UST 10-yr yields dipped below 4.2% a level which has contained the downside in recent months. The yield curve continued to steepen. The US dollar remained under pressure particularly against the yen
15th Jul 24, 7:31am
Markets looked past strong US PPI data. UST 10-yr yields dipped below 4.2% a level which has contained the downside in recent months. The yield curve continued to steepen. The US dollar remained under pressure particularly against the yen
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
12th Jul 24, 10:11am
29
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
Another benign US CPI result drove a sharp rally in US Treasury yields. USD weakness wasn’t sustained however, except for a plunge in USD/JPY with official intervention suspected
12th Jul 24, 7:53am
Another benign US CPI result drove a sharp rally in US Treasury yields. USD weakness wasn’t sustained however, except for a plunge in USD/JPY with official intervention suspected
Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
11th Jul 24, 12:11pm
100
Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
Global equity markets made solid gains with the S&P trading above 5,600. Markets were largely subdued lacking catalysts. Investors are looking ahead to key US CPI data this evening
11th Jul 24, 7:43am
Global equity markets made solid gains with the S&P trading above 5,600. Markets were largely subdued lacking catalysts. Investors are looking ahead to key US CPI data this evening
Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting
10th Jul 24, 6:37pm
58
Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting