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Doug Steel

GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
17th Mar 24, 6:01am
59
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
New Zealanders are spending like its 2017 as high interest rates sap retail sales volumes
23rd Feb 24, 5:57pm
46
New Zealanders are spending like its 2017 as high interest rates sap retail sales volumes
Overall inflation direction encouraging but bank economists cautious about stubborn non-tradeable inflation
14th Dec 23, 7:40am
57
Overall inflation direction encouraging but bank economists cautious about stubborn non-tradeable inflation
[updated]
Economists are reviewing their inflation and interest rate forecasts after new Stats NZ pricing information suggests the rate of inflation in the current quarter may be slower than expected
15th Nov 23, 8:24am
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Economists are reviewing their inflation and interest rate forecasts after new Stats NZ pricing information suggests the rate of inflation in the current quarter may be slower than expected
BNZ-Business NZ Performance of Manufacturing index falls for seventh consecutive month
13th Oct 23, 12:23pm
8
BNZ-Business NZ Performance of Manufacturing index falls for seventh consecutive month
New Zealand's economy grew 0.9% in the June quarter and avoided recession altogether
21st Sep 23, 10:52am
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New Zealand's economy grew 0.9% in the June quarter and avoided recession altogether
Job ads are continuing to decline in the BNZ/SEEK Employment Report - suggesting that the anticipated sharp cooling in the labour market is beginning
15th Aug 23, 11:57am
52
Job ads are continuing to decline in the BNZ/SEEK Employment Report - suggesting that the anticipated sharp cooling in the labour market is beginning
BNZ economists say economic activity will take 'a noticeable hit' from the expected lower milk price this year
8th Aug 23, 10:47am
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BNZ economists say economic activity will take 'a noticeable hit' from the expected lower milk price this year
Auckland food manufacturer says some costs are coming down, but staffing is a battle
10th Jun 23, 9:10am
8
Auckland food manufacturer says some costs are coming down, but staffing is a battle
US CPI close to expectations but softer undertones sees US yields lower and steeper. Market pricing in more than 75bps of Fed cuts by year end; contemplating July start. US dollar marginally weaker, JPY stronger. BoE expected to hike 25 bps tonight
11th May 23, 8:08am
US CPI close to expectations but softer undertones sees US yields lower and steeper. Market pricing in more than 75bps of Fed cuts by year end; contemplating July start. US dollar marginally weaker, JPY stronger. BoE expected to hike 25 bps tonight
US regional banking worries return, US labour market cooling. Oil prices slump circa 5% on global growth concerns, softer data. Eyes on NZ FSR, Q1 labour market today, ahead of Fed tomorrow morning
3rd May 23, 8:08am
US regional banking worries return, US labour market cooling. Oil prices slump circa 5% on global growth concerns, softer data. Eyes on NZ FSR, Q1 labour market today, ahead of Fed tomorrow morning
Risk sentiment improves on much calmer markets and some positive indicators. Global rates movements contained
30th Mar 23, 8:05am
Risk sentiment improves on much calmer markets and some positive indicators. Global rates movements contained
Risk recovers a touch; US equities higher after yesterday's late dip. BoE hikes 25bps; SNB hikes 50bps. US rates settle lower post Fed; US10s around 3.44%
24th Mar 23, 8:11am
Risk recovers a touch; US equities higher after yesterday's late dip. BoE hikes 25bps; SNB hikes 50bps. US rates settle lower post Fed; US10s around 3.44%
Market sentiment improves as Credit Suisse gets support from Swiss central bank. ECB follows through with 50bp hike. Equity markets rise as financials recovery some lost ground
17th Mar 23, 7:51am
Market sentiment improves as Credit Suisse gets support from Swiss central bank. ECB follows through with 50bp hike. Equity markets rise as financials recovery some lost ground
Global rates lift on German inflation, US ISM; US 10-year hits 4%. US dollar lower. AUD held back by weaker GDP, CPI
2nd Mar 23, 7:59am
Global rates lift on German inflation, US ISM; US 10-year hits 4%. US dollar lower. AUD held back by weaker GDP, CPI
US equities a bit lower, yields down a touch, USD marginally higher. Oil prices lift
24th Feb 23, 7:52am
US equities a bit lower, yields down a touch, USD marginally higher. Oil prices lift
US data generally stronger than expected, including blockbuster retail sales report. Global yields higher, lead by the longer end
16th Feb 23, 8:09am
US data generally stronger than expected, including blockbuster retail sales report. Global yields higher, lead by the longer end
US equities lower as more central bank speakers talk higher rates. But US rates oscillate; US 10-year bond rates down a touch on the day
9th Feb 23, 7:54am
US equities lower as more central bank speakers talk higher rates. But US rates oscillate; US 10-year bond rates down a touch on the day
US wage inflation slows, lifting risk appetite. US equities lift, USD lower after earlier gains. NZD in mild dip overnight
1st Feb 23, 8:02am
1
US wage inflation slows, lifting risk appetite. US equities lift, USD lower after earlier gains. NZD in mild dip overnight
US equites lower, led by tech sector. Bank of Canada hikes +25 bps, signals a pause. Australia on holiday today
26th Jan 23, 8:08am
1
US equites lower, led by tech sector. Bank of Canada hikes +25 bps, signals a pause. Australia on holiday today
Two major bank economists have lowered their milk price forecasts as dairy prices hover near two-year lows
24th Jan 23, 2:03pm
17
Two major bank economists have lowered their milk price forecasts as dairy prices hover near two-year lows
Canada hikes +50 bps and signals near end of tightening cycle. European data better than expected, supporting EUR. US dollar broadly weaker
8th Dec 22, 7:53am
Canada hikes +50 bps and signals near end of tightening cycle. European data better than expected, supporting EUR. US dollar broadly weaker
Global yields decline, led by Europe, post ECB forum. German annual inflation eases, Spain hits 10%. US dollar firmer; EUR, commodity currencies underperform
30th Jun 22, 7:55am
Global yields decline, led by Europe, post ECB forum. German annual inflation eases, Spain hits 10%. US dollar firmer; EUR, commodity currencies underperform
Fed hikes 75bps, at least 150bps more hikes projected in 2022. But not as hawkish as it might have been. ECB emergency meeting promises new instrument
16th Jun 22, 8:02am
4
Fed hikes 75bps, at least 150bps more hikes projected in 2022. But not as hawkish as it might have been. ECB emergency meeting promises new instrument
OECD cuts global growth forecasts. Higher oil prices add to inflation worries. Equities retreat. USD/JPY blasts through 134. Global rates higher; US 10s above 3%
9th Jun 22, 7:56am
OECD cuts global growth forecasts. Higher oil prices add to inflation worries. Equities retreat. USD/JPY blasts through 134. Global rates higher; US 10s above 3%