BNZ

New Zealand firms still hopeful about an improvement in the economy despite demand remaining weak - latest NZIER Quarterly Survey of Business Opinion

New Zealand firms still hopeful about an improvement in the economy despite demand remaining weak - latest NZIER Quarterly Survey of Business Opinion

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

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

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

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

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

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

ANZ and BNZ economists both downgrade their 2025 house price forecasts, expect stronger increases next year

ANZ and BNZ economists both downgrade their 2025 house price forecasts, expect stronger increases next year

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

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

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

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

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

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

Term deposit rates are slowly spiraling down as household bank accounts get flusher faster than loan demand. The DCS isn't helping either

Term deposit rates are slowly spiraling down as household bank accounts get flusher faster than loan demand. The DCS isn't helping either

Kiwibank poses risk to the returns from the big four Aussie banks' NZ subsidiaries, analysts say

Kiwibank poses risk to the returns from the big four Aussie banks' NZ subsidiaries, analysts say

US Federal Reserve leaves rates on hold as expected. FOMC median forecast still shows 50bp of rate cuts this year. Limited market reaction. Treasury yields remain modestly lower and currency markets stable

US Federal Reserve leaves rates on hold as expected. FOMC median forecast still shows 50bp of rate cuts this year. Limited market reaction. Treasury yields remain modestly lower and currency markets stable

The deficit between what we earn overseas and what we spend remains at levels generally seen as too high but has reduced by more than economists were forecasting

The deficit between what we earn overseas and what we spend remains at levels generally seen as too high but has reduced by more than economists were forecasting

Mortgage rates are still inching lower, even as wholesale rates are inching higher. Savers face lower TD rate offers just as deposit takers face new fees for the Depositor Compensation Scheme. It's not a great time to be a saver

Mortgage rates are still inching lower, even as wholesale rates are inching higher. Savers face lower TD rate offers just as deposit takers face new fees for the Depositor Compensation Scheme. It's not a great time to be a saver