1st Dec 20, 7:43am
Month-end flows a factor in overnight moves. US equities weaker after a huge month. USD stronger after a poor month. NZD lower after printing a fresh 2½-year high
Month-end flows a factor in overnight moves. US equities weaker after a huge month. USD stronger after a poor month. NZD lower after printing a fresh 2½-year high
27th Nov 20, 7:37am
AstraZeneca to re-run trial after flaws in recent trial. S&P500 futures and Treasury futures little perturbed with US on holiday. NZD hovers around 0.70. Bitcoin plunges
AstraZeneca to re-run trial after flaws in recent trial. S&P500 futures and Treasury futures little perturbed with US on holiday. NZD hovers around 0.70. Bitcoin plunges
26th Nov 20, 7:56am
NZD prints new highs, back above 0.70, up 6% for the month to date. Steeper domestic curve as market re-positions for policy outlook. Cautious trading overnight ahead of US holiday
NZD prints new highs, back above 0.70, up 6% for the month to date. Steeper domestic curve as market re-positions for policy outlook. Cautious trading overnight ahead of US holiday
24th Nov 20, 7:36am
Surprisingly strong US Markit PMI data drives USD higher; NZD falls from fresh 2-year high. GBP outperforms on hope for a trade deal this week
Surprisingly strong US Markit PMI data drives USD higher; NZD falls from fresh 2-year high. GBP outperforms on hope for a trade deal this week
20th Nov 20, 7:50am
New restrictions outweigh positive vaccine news. Global equities and rates push lower. AUD underperforms, sending NZD/AUD to 0.95
New restrictions outweigh positive vaccine news. Global equities and rates push lower. AUD underperforms, sending NZD/AUD to 0.95
19th Nov 20, 7:46am
More positive vaccine news supports risk assets. Global equities and rates nudge higher. NZD prints a fresh 20-month high of 0.6940
More positive vaccine news supports risk assets. Global equities and rates nudge higher. NZD prints a fresh 20-month high of 0.6940
18th Nov 20, 7:46am
A more cautious market, following yesterday's record highs for US equities. Global rates nudge lower. NZD back below 0.69 after touching fresh 20-month high
A more cautious market, following yesterday's record highs for US equities. Global rates nudge lower. NZD back below 0.69 after touching fresh 20-month high
13th Nov 20, 7:41am
Markets take on a more cautious tone overnight. Soft US CPI; US Treasuries rally. Commodity currencies on the soft side
Markets take on a more cautious tone overnight. Soft US CPI; US Treasuries rally. Commodity currencies on the soft side
12th Nov 20, 7:50am
NZ rates and NZD surge post RBNZ MPS. No follow-through overnight, as USD recovers. NZD pushes higher on the crosses
NZ rates and NZD surge post RBNZ MPS. No follow-through overnight, as USD recovers. NZD pushes higher on the crosses
10th Nov 20, 7:51am
Risk appetite surges on positive vaccine news and US election result. US equities surge to record high. Global yields much higher. Vaccine news must surely weigh on RBNZ policy outlook update tomorrow
Risk appetite surges on positive vaccine news and US election result. US equities surge to record high. Global yields much higher. Vaccine news must surely weigh on RBNZ policy outlook update tomorrow
6th Nov 20, 7:53am
Biden on the verge of victory, while Republicans look to hold Senate. Gridlock view supports further strong gains in equities. US Treasuries reverse course, showing modest lift in yields
Biden on the verge of victory, while Republicans look to hold Senate. Gridlock view supports further strong gains in equities. US Treasuries reverse course, showing modest lift in yields
5th Nov 20, 7:58am
US equities surge despite, or because of, close election result. Biden likely to win, but Senate too close to call. US Treasuries cheer prospect of less out-of-control spending/debt. NZD volatile but flat at 0.67; mild USD weakness
US equities surge despite, or because of, close election result. Biden likely to win, but Senate too close to call. US Treasuries cheer prospect of less out-of-control spending/debt. NZD volatile but flat at 0.67; mild USD weakness
4th Nov 20, 7:59am
Strong risk rally on US election day. Market optimistically assumes a clear-cut, uncontested, result. US equities up 2%, UST10s yield at 4-month high; USD weaker NZD up through 0.67, but underperforms AUD despite RBA easing
Strong risk rally on US election day. Market optimistically assumes a clear-cut, uncontested, result. US equities up 2%, UST10s yield at 4-month high; USD weaker NZD up through 0.67, but underperforms AUD despite RBA easing
3rd Nov 20, 7:35am
Equities recover some of last week's hefty losses, ahead of US election. US 10-year rate also reverses course, down 3bps despite strong ISM report. Commodity currencies outperform
Equities recover some of last week's hefty losses, ahead of US election. US 10-year rate also reverses course, down 3bps despite strong ISM report. Commodity currencies outperform
29th Oct 20, 7:47am
Concern about surge in COVID19 cases across the US and Europe. Global equities down around 3% ahead of new country-wide restrictions for France and Germany
Concern about surge in COVID19 cases across the US and Europe. Global equities down around 3% ahead of new country-wide restrictions for France and Germany
28th Oct 20, 7:41am
Cautious risk backdrop sees equity markets flat to down and global rates push lower. NZD/AUD sees fresh multi-month high
Cautious risk backdrop sees equity markets flat to down and global rates push lower. NZD/AUD sees fresh multi-month high
23rd Oct 20, 7:53am
Positive talk on US fiscal stimulus supports US equities and drives US 10-year rate to fresh multi-month high. NZD outperforms for no obvious reason
Positive talk on US fiscal stimulus supports US equities and drives US 10-year rate to fresh multi-month high. NZD outperforms for no obvious reason
22nd Oct 20, 7:49am
GBP outperforms as UK-EU trade talks to resume. NZD and AUD up strongly, recovering recent losses. USD weak and UST yields higher on US fiscal talk
GBP outperforms as UK-EU trade talks to resume. NZD and AUD up strongly, recovering recent losses. USD weak and UST yields higher on US fiscal talk
21st Oct 20, 7:46am
US equities bounce back on little fresh news. NZD and AUD up slightly overnight after yesterday's losses after RBNZ and RBA maintain dovish overtones
US equities bounce back on little fresh news. NZD and AUD up slightly overnight after yesterday's losses after RBNZ and RBA maintain dovish overtones
16th Oct 20, 7:50am
New restrictions in London and France to contain spread of COVID19. US jobless claims rise. Equities fall and safe haven currencies outperform. Dovish RBA adds to weaker AUD profile
New restrictions in London and France to contain spread of COVID19. US jobless claims rise. Equities fall and safe haven currencies outperform. Dovish RBA adds to weaker AUD profile
15th Oct 20, 7:47am
Cautious tone overhangs US equity market. GBP recovers, with UK-EU trade talks likely to continue for longer. NZD unperturbed by dovish RBNZ commentary. If anything, market losing the faith in extent of possible OCR fall next year
Cautious tone overhangs US equity market. GBP recovers, with UK-EU trade talks likely to continue for longer. NZD unperturbed by dovish RBNZ commentary. If anything, market losing the faith in extent of possible OCR fall next year
14th Oct 20, 7:43am
Equity markets take on a more cautious tone as US earnings season begins. AUD slips further after yesterday's swoon after focus on China coal import ban. EUR and GBP soft with little progress on trade talks. US rates lower; US CPI shows very weak rents
Equity markets take on a more cautious tone as US earnings season begins. AUD slips further after yesterday's swoon after focus on China coal import ban. EUR and GBP soft with little progress on trade talks. US rates lower; US CPI shows very weak rents
13th Oct 20, 7:34am
US equities ramp up further. Weaker CNY post-PBoC policy change drags down NZD and AUD. Further upside pressure in NZGB yields
US equities ramp up further. Weaker CNY post-PBoC policy change drags down NZD and AUD. Further upside pressure in NZGB yields
2nd Oct 20, 7:53am
Mixed news on the US economy and stalemate on US fiscal negotiations. But US equities up regardless to begin Q4 on a positive note. GBP whippy on Brexit-related news. NZD leads the pack overnight; CNY well supported
Mixed news on the US economy and stalemate on US fiscal negotiations. But US equities up regardless to begin Q4 on a positive note. GBP whippy on Brexit-related news. NZD leads the pack overnight; CNY well supported
1st Oct 20, 8:02am
Stronger US data and fiscal stimulus hopes support risk assets. Commodity currencies outperform. US and NZ rates higher
Stronger US data and fiscal stimulus hopes support risk assets. Commodity currencies outperform. US and NZ rates higher
