ECB

20th Jun 19, 8:11am
Fed members who thought that rate cuts were appropriate this year pleasantly surprised the market, seeing the USD weaken and Treasury yields fall; GBP has been the best performer; NZD is fairly flat on the other crosses
Fed members who thought that rate cuts were appropriate this year pleasantly surprised the market, seeing the USD weaken and Treasury yields fall; GBP has been the best performer; NZD is fairly flat on the other crosses
20th Jun 19, 8:11am
19th Jun 19, 8:07am
Net result is a rally in bond and equity markets, stronger risk currencies like the NZD and weaker European currencies; US Treasury yields have pushed lower, although more so at the long end of the curve
Net result is a rally in bond and equity markets, stronger risk currencies like the NZD and weaker European currencies; US Treasury yields have pushed lower, although more so at the long end of the curve
19th Jun 19, 8:07am
18th Jun 19, 8:13am
Modest movements in equities, bonds and currency markets; NZD is hovering near the 0.65 mark, while the AUD has slipped overnight to 0.6850; US 10-year Treasury rate has traded a 2.075-2.115% range
Modest movements in equities, bonds and currency markets; NZD is hovering near the 0.65 mark, while the AUD has slipped overnight to 0.6850; US 10-year Treasury rate has traded a 2.075-2.115% range
18th Jun 19, 8:13am
17th Jun 19, 8:09am
NZD underperformed and rounded out a bad week; USD was boosted by strong retail sales data; moderate expectations for Fed rate cuts saw curve flattening, alongside a record low in long-term inflation expectations
NZD underperformed and rounded out a bad week; USD was boosted by strong retail sales data; moderate expectations for Fed rate cuts saw curve flattening, alongside a record low in long-term inflation expectations
17th Jun 19, 8:09am
14th Jun 19, 8:05am
Equity markets nudged up and bond yields slipped lower; big mover has been oil; AUD has underperformed after yesterday’s labour market report revealed a higher than expected unemployment rate, while the NZD is little changed
Equity markets nudged up and bond yields slipped lower; big mover has been oil; AUD has underperformed after yesterday’s labour market report revealed a higher than expected unemployment rate, while the NZD is little changed
14th Jun 19, 8:05am
13th Jun 19, 8:27am
Boosted market expectations of Fed rate cuts led to falls in US rates and a steepening of the yield curve; there was only a short-lived positive impact on equities; USD has also strengthened
Boosted market expectations of Fed rate cuts led to falls in US rates and a steepening of the yield curve; there was only a short-lived positive impact on equities; USD has also strengthened
13th Jun 19, 8:27am
12th Jun 19, 8:33am
US equities initially made gains after news that China would incentivise more infrastructure investment, but the move has since reversed; NZD has underperformed and is sitting just under 0.66; US bonds have largely mirrored those moves in equities
US equities initially made gains after news that China would incentivise more infrastructure investment, but the move has since reversed; NZD has underperformed and is sitting just under 0.66; US bonds have largely mirrored those moves in equities
12th Jun 19, 8:33am
11th Jun 19, 8:01am
Equities, bond yields and the USD are all higher; NZD has underperformed; hasn’t been much fresh news on the US-China trade front; GBP fell 0.4% after much weaker than expected GDP
Equities, bond yields and the USD are all higher; NZD has underperformed; hasn’t been much fresh news on the US-China trade front; GBP fell 0.4% after much weaker than expected GDP
11th Jun 19, 8:01am
10th Jun 19, 8:19am
Prospects that the US economy was heading for recession may trigger the Fed to reverse its previous rate hikes; US equities rose, rates fell and the USD remained under pressure; NZD was one of the better performers
Prospects that the US economy was heading for recession may trigger the Fed to reverse its previous rate hikes; US equities rose, rates fell and the USD remained under pressure; NZD was one of the better performers
10th Jun 19, 8:19am
7th Jun 19, 7:57am
US equities rise for their third consecutive day; USD is on the soft side, with EUR leading the way after the ECB didn’t meet the uber-dovish expectations of the market; bond yields have only shown small movements
US equities rise for their third consecutive day; USD is on the soft side, with EUR leading the way after the ECB didn’t meet the uber-dovish expectations of the market; bond yields have only shown small movements
7th Jun 19, 7:57am
6th Jun 19, 9:01am
US equities continue to recover after last month’s swoon while US Treasury yields are little changed; USD is recovering some of the losses seen over recent days but the NZD has managed to hold its ground
US equities continue to recover after last month’s swoon while US Treasury yields are little changed; USD is recovering some of the losses seen over recent days but the NZD has managed to hold its ground
6th Jun 19, 9:01am
5th Jun 19, 8:35am
US equities have recovered strongly and US rates have jumped higher, reversing some recent price action while the USD dollar remains under pressure; NZD is up to around the 0.6620 mark
US equities have recovered strongly and US rates have jumped higher, reversing some recent price action while the USD dollar remains under pressure; NZD is up to around the 0.6620 mark
5th Jun 19, 8:35am
4th Jun 19, 8:26am
Bottom line is that downward pressure remains on global equity markets, global rates and the USD; heavily-shorted EUR is outperforming, up 0.7% to 1.1250; global growth concerns remain forefront
Bottom line is that downward pressure remains on global equity markets, global rates and the USD; heavily-shorted EUR is outperforming, up 0.7% to 1.1250; global growth concerns remain forefront
4th Jun 19, 8:26am
31st May 19, 8:15am
US Treasury yields have drifted lower, aided by a dovish speech by Fed Vice Chair Clarida; New Zealand government bond yields moved higher yesterday; the broader theme still remains one of USD strength
US Treasury yields have drifted lower, aided by a dovish speech by Fed Vice Chair Clarida; New Zealand government bond yields moved higher yesterday; the broader theme still remains one of USD strength
31st May 19, 8:15am
30th May 19, 8:33am
Equity markets and bond yields lower, as investors remain concerned about a prolonged US-China trade war; 10 year Australian government bond fell below the RBA’s cash rate and NZ rates made record lows across the curve as markets anticipated more central
Equity markets and bond yields lower, as investors remain concerned about a prolonged US-China trade war; 10 year Australian government bond fell below the RBA’s cash rate and NZ rates made record lows across the curve as markets anticipated more central
30th May 19, 8:33am
29th May 19, 7:57am
Global rates continued to fall overnight, with the 10 year US Treasury yield hitting its lowest level since late-2017; US equities were flat-to-slightly lower; USD is generally stronger for a second night running
Global rates continued to fall overnight, with the 10 year US Treasury yield hitting its lowest level since late-2017; US equities were flat-to-slightly lower; USD is generally stronger for a second night running
29th May 19, 7:57am
28th May 19, 8:09am
Equity markets are flat-to-higher, while core European government bond yields have slipped lower after reports that the European Commission was considering fining Italy for breaching its debt rules; NZD is slightly lower to start the week
Equity markets are flat-to-higher, while core European government bond yields have slipped lower after reports that the European Commission was considering fining Italy for breaching its debt rules; NZD is slightly lower to start the week
28th May 19, 8:09am
27th May 19, 8:18am
Equity and bond markets stabilised on Friday night; USD fell for a second session running with investors starting to contemplate Fed rate cuts this year; NZD has continued to recover from its year-to-date lows reached earlier in the week
Equity and bond markets stabilised on Friday night; USD fell for a second session running with investors starting to contemplate Fed rate cuts this year; NZD has continued to recover from its year-to-date lows reached earlier in the week
27th May 19, 8:18am
24th May 19, 7:58am
Global rates and equities moved sharply lower overnight; disappointing US data sparked a turnaround in the USD, which has weakened across the board; NZD has bounced back above 0.65; NZ rates continued fall yesterday
Global rates and equities moved sharply lower overnight; disappointing US data sparked a turnaround in the USD, which has weakened across the board; NZD has bounced back above 0.65; NZ rates continued fall yesterday
24th May 19, 7:58am
23rd May 19, 8:14am
Equities and global rates have moved lower overnight after reports the US would extend restrictions to more Chinese technology firms; Fed reiterated its pledge to be patient; NZD has continued to grind lower amid building OCR rate cut expectations
Equities and global rates have moved lower overnight after reports the US would extend restrictions to more Chinese technology firms; Fed reiterated its pledge to be patient; NZD has continued to grind lower amid building OCR rate cut expectations
23rd May 19, 8:14am

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