sign uplog in
Want to go ad-free? Find out how, here.

Doug Steel

10th Jun 21, 11:27am
BNZ economists now expect a 0.8% rise in GDP for the March quarter against the Reserve Bank's expectation of a -0.6% fall. They currently forecast inflation of 3% 'but evidence is gathering to move this higher'
BNZ economists now expect a 0.8% rise in GDP for the March quarter against the Reserve Bank's expectation of a -0.6% fall. They currently forecast inflation of 3% 'but evidence is gathering to move this higher'
10th Jun 21, 11:27am
28th Jan 21, 7:55am
Risk off dominates ahead of FOMC this morning. Equities, yields lower; USD higher. NZD dips back below 0.72
Risk off dominates ahead of FOMC this morning. Equities, yields lower; USD higher. NZD dips back below 0.72
28th Jan 21, 7:55am
27th Jan 21, 7:47am
Markets subdued ahead of FOMC. IMF revised global growth forecast higher. NZD, AUD push higher
Markets subdued ahead of FOMC. IMF revised global growth forecast higher. NZD, AUD push higher
27th Jan 21, 7:47am
26th Jan 21, 7:56am
Mild risk off tone on COVID, US stimulus timing. US equities and bond yields generally lower. NZD still hovering around 0.72
Mild risk off tone on COVID, US stimulus timing. US equities and bond yields generally lower. NZD still hovering around 0.72
26th Jan 21, 7:56am
[Updated]
16th Dec 20, 11:14am
NZ's current account deficit for the year to September was just 0.8% of GDP, the lowest in about 19 years
[Updated]
NZ's current account deficit for the year to September was just 0.8% of GDP, the lowest in about 19 years
16th Dec 20, 11:14am
7th Aug 20, 7:52am
US equities higher on data, travel advisory. BoE unchanged as expected. AUD, NZD push higher
US equities higher on data, travel advisory. BoE unchanged as expected. AUD, NZD push higher
7th Aug 20, 7:52am
17th Apr 20, 8:58am
Economists see inflation possibly dropping below the minimum target of 1% this year, but say it's going to be difficult to even accurately measure it after the disruption of the lockdown
Economists see inflation possibly dropping below the minimum target of 1% this year, but say it's going to be difficult to even accurately measure it after the disruption of the lockdown
17th Apr 20, 8:58am
4th Mar 20, 8:00am
Fed delivers emergency 50bp cut. US bond yields plunge; USD slips further. Equities pop then drop
Fed delivers emergency 50bp cut. US bond yields plunge; USD slips further. Equities pop then drop
4th Mar 20, 8:00am
20th Nov 19, 2:02pm
Further gains in global dairy prices are prompting economists to push up their milk price forecasts higher and higher - with a $7.50 per kilogram of milk solids price now looking eminently achievable
Further gains in global dairy prices are prompting economists to push up their milk price forecasts higher and higher - with a $7.50 per kilogram of milk solids price now looking eminently achievable
20th Nov 19, 2:02pm
4th Nov 19, 1:42pm
ASB economists don't believe the recent mood shift in financial markets and say the economic evidence points to a need for the Reserve Bank to make further interest rate cuts
ASB economists don't believe the recent mood shift in financial markets and say the economic evidence points to a need for the Reserve Bank to make further interest rate cuts
4th Nov 19, 1:42pm
16th Oct 19, 8:00am
Prospect of a Brexit deal lifts sentiment. GBP surges; NZD/GBP drops under 0.50. Equities, global bond yields higher
Prospect of a Brexit deal lifts sentiment. GBP surges; NZD/GBP drops under 0.50. Equities, global bond yields higher
16th Oct 19, 8:00am
10th Sep 19, 8:17am
Global bond markets meaningfully extended last week’s sell-off, safe haven currencies slightly underperformed, while commodity prices edged higher. Not so for equity markets which marked time
Global bond markets meaningfully extended last week’s sell-off, safe haven currencies slightly underperformed, while commodity prices edged higher. Not so for equity markets which marked time
10th Sep 19, 8:17am
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

Pages