Doug Steel

22nd Mar 19, 8:10am
US equity markets have lifted, while bond yields have consolidated yesterday’s drop after testing even lower levels; US dollar has recovered with major indices back to where they were pre-Fed; NZD pushed above 0.6900
US equity markets have lifted, while bond yields have consolidated yesterday’s drop after testing even lower levels; US dollar has recovered with major indices back to where they were pre-Fed; NZD pushed above 0.6900
22nd Mar 19, 8:10am
20th Mar 19, 3:50pm
Rising global dairy prices are increasing Fonterra's chances of being able to pay a farmgate milk price at the top end of its current forecast range
Rising global dairy prices are increasing Fonterra's chances of being able to pay a farmgate milk price at the top end of its current forecast range
20th Mar 19, 3:50pm
28th Jan 19, 7:51am
Markets optimistic on positive signs in US-China trade discussions, further policy tweaks by China, more positive Brexit smoke signals, and Trump signing bill to reopen the US government
Markets optimistic on positive signs in US-China trade discussions, further policy tweaks by China, more positive Brexit smoke signals, and Trump signing bill to reopen the US government
28th Jan 19, 7:51am
3rd Dec 18, 3:01pm
BNZ economists are the latest to lower their milk price forecast for the current season - to $6, which is below Fonterra's forecast range of $6.25 to $6.50
BNZ economists are the latest to lower their milk price forecast for the current season - to $6, which is below Fonterra's forecast range of $6.25 to $6.50
3rd Dec 18, 3:01pm
21st Nov 18, 7:43am
US dollar has pushed higher across the board, arresting its slide over the past week; plunge in oil prices continues; NZD opens this morning close to its overnight lows around 0.6810; US interest rates traded a narrow range
US dollar has pushed higher across the board, arresting its slide over the past week; plunge in oil prices continues; NZD opens this morning close to its overnight lows around 0.6810; US interest rates traded a narrow range
21st Nov 18, 7:43am
15th Nov 18, 7:54am
Equity markets oscillated around flat before pressing lower, likewise US yields; oil prices have recovered a small amount of recent heavy losses; NZD is at the top of the G10 leader board
Equity markets oscillated around flat before pressing lower, likewise US yields; oil prices have recovered a small amount of recent heavy losses; NZD is at the top of the G10 leader board
15th Nov 18, 7:54am
17th Oct 18, 2:10pm
ASB economists now see a milk price for this season of $6.25 per kilogram of milk solids, down from a previous forecast of $6.50; see farmer net earnings as about $240 million lower
ASB economists now see a milk price for this season of $6.25 per kilogram of milk solids, down from a previous forecast of $6.50; see farmer net earnings as about $240 million lower
17th Oct 18, 2:10pm
3rd Oct 18, 4:40pm
Economists say milk production levels this season will be crucial, with the strong start already putting pressure on prices
Economists say milk production levels this season will be crucial, with the strong start already putting pressure on prices
3rd Oct 18, 4:40pm
27th Sep 18, 4:16pm
BNZ senior economist Doug Steel sees Fonterra's $6.75 milk price forecast as difficult to achieve without an improvement in international product prices
BNZ senior economist Doug Steel sees Fonterra's $6.75 milk price forecast as difficult to achieve without an improvement in international product prices
27th Sep 18, 4:16pm
16th Jul 18, 11:52am
The June PSI data is "more worrying from a growth perspective" and may bring into question the basis to an upside option for the RBNZ and its policy interest rate
The June PSI data is "more worrying from a growth perspective" and may bring into question the basis to an upside option for the RBNZ and its policy interest rate
16th Jul 18, 11:52am
12th Jul 18, 8:10am
President Trump continued with plans to impose tariffs on an additional $200b of Chinese goods; equity markets, US bond yields, and commodity prices generally fell; AUD and NZD continued to press lower overnight
President Trump continued with plans to impose tariffs on an additional $200b of Chinese goods; equity markets, US bond yields, and commodity prices generally fell; AUD and NZD continued to press lower overnight
12th Jul 18, 8:10am
[Updated]
4th Jul 18, 1:15pm
The sharpest fall in global dairy prices for over a year raises questions about whether the current level of forecast milk price for farmers this season will be achievable
[Updated]
The sharpest fall in global dairy prices for over a year raises questions about whether the current level of forecast milk price for farmers this season will be achievable
4th Jul 18, 1:15pm
16th May 18, 3:35pm
ASB economists expect Fonterra next week to give a 'healthy' milk price forecast of $6.50 or better for the new season
ASB economists expect Fonterra next week to give a 'healthy' milk price forecast of $6.50 or better for the new season
16th May 18, 3:35pm
20th Feb 18, 8:29am
NZ rates outperform US equivalents. Markets price next RBNZ hike in May 2019. Eyes on FOMC minutes seeking signals on how inflation signs are being read
NZ rates outperform US equivalents. Markets price next RBNZ hike in May 2019. Eyes on FOMC minutes seeking signals on how inflation signs are being read
20th Feb 18, 8:29am
22nd Nov 17, 8:09am
Markets starting to accept the US Fed will be raising rates, ahead of Fed minutes release. Local rates follow. Local migration data unlikely to move markets
Markets starting to accept the US Fed will be raising rates, ahead of Fed minutes release. Local rates follow. Local migration data unlikely to move markets
22nd Nov 17, 8:09am
21st Nov 17, 7:49am
Equity markets rise in improving outlook. Local liquidity factors weigh on our rates with loan demand soft. Eyes on RBA speech
Equity markets rise in improving outlook. Local liquidity factors weigh on our rates with loan demand soft. Eyes on RBA speech
21st Nov 17, 7:49am
15th Nov 17, 8:10am
Yellen expresses frustration over 'lots of speeches'. UST 10yr pulls back from 2.40% level, curve flatter. Eyes on US CPI and AU wage data. Local rates little changed
Yellen expresses frustration over 'lots of speeches'. UST 10yr pulls back from 2.40% level, curve flatter. Eyes on US CPI and AU wage data. Local rates little changed
15th Nov 17, 8:10am
[Updated]
18th Oct 17, 8:25am
Further weakness in the latest global dairy auction has prompted economists to drop their forecast milk price from $6.75 to as low as $6.30
[Updated]
Further weakness in the latest global dairy auction has prompted economists to drop their forecast milk price from $6.75 to as low as $6.30
18th Oct 17, 8:25am
13th Oct 17, 8:23am
Oil price fall supports rise in bond prices, despite US PPI inflation. NZ yields fall across the curve in sympathy. Eyes on US, China and AU data
Oil price fall supports rise in bond prices, despite US PPI inflation. NZ yields fall across the curve in sympathy. Eyes on US, China and AU data
13th Oct 17, 8:23am
13th Oct 17, 8:13am
GBP has had a wild ride overnight on the ebb and flow of Brexit talk headlines; NZD and AUD have performing strongly; US dollar index currently sits flat on the day, halting a four day decline
GBP has had a wild ride overnight on the ebb and flow of Brexit talk headlines; NZD and AUD have performing strongly; US dollar index currently sits flat on the day, halting a four day decline
13th Oct 17, 8:13am

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