Nick Smyth
US to increase tariffs on around $200b worth of Chinese imports to 25%; after initially falling, US and Chinese equities and US Treasury yields ended higher on the day on Friday; currency movements, including the NZD, have been contained
13th May 19, 8:07am
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US to increase tariffs on around $200b worth of Chinese imports to 25%; after initially falling, US and Chinese equities and US Treasury yields ended higher on the day on Friday; currency movements, including the NZD, have been contained
USD has strengthened across the board, taking the NZD down to its recent lows in the process; implied volatility across a number of asset classes is at historically low levels
12th Apr 19, 7:46am
USD has strengthened across the board, taking the NZD down to its recent lows in the process; implied volatility across a number of asset classes is at historically low levels
Global rates lower overnight, although they have recovered marginally over the past hour after the release of the FOMC minutes; equity markets are unchanged to slightly higher while the USD is weaker; AUD has outperformed
11th Apr 19, 8:08am
Global rates lower overnight, although they have recovered marginally over the past hour after the release of the FOMC minutes; equity markets are unchanged to slightly higher while the USD is weaker; AUD has outperformed
Equities and bond yields have fallen and the JPY outperforming overnight; NZD is unchanged from this time yesterday, at 0.6740; EU is likely to reject Theresa May’s request for a short extension
10th Apr 19, 7:59am
Equities and bond yields have fallen and the JPY outperforming overnight; NZD is unchanged from this time yesterday, at 0.6740; EU is likely to reject Theresa May’s request for a short extension
US equities markets are little changed while bond yields have nudged higher, the latter supported by a further rise in oil prices; USD has weakened across the board, although the NZD has underperformed and is up only modestly
9th Apr 19, 8:11am
US equities markets are little changed while bond yields have nudged higher, the latter supported by a further rise in oil prices; USD has weakened across the board, although the NZD has underperformed and is up only modestly
S&P500 ended the week within touching distance of its all-time highs, while bond yields fell modestly; currency moves were contained, although the NZD was the worst performer on Friday
8th Apr 19, 8:34am
S&P500 ended the week within touching distance of its all-time highs, while bond yields fell modestly; currency moves were contained, although the NZD was the worst performer on Friday
US equities and bond yields are slightly higher overnight; most currencies are little changed, with the exception of the GBP, which has remained under pressure; NZD is hovering just below 0.68
29th Mar 19, 8:06am
US equities and bond yields are slightly higher overnight; most currencies are little changed, with the exception of the GBP, which has remained under pressure; NZD is hovering just below 0.68
US equities and bond yields have moved modestly higher; currency market moves have been reasonably subdued, although the GBP has strengthened slightly; NZD has consolidated
27th Mar 19, 7:53am
US equities and bond yields have moved modestly higher; currency market moves have been reasonably subdued, although the GBP has strengthened slightly; NZD has consolidated
Much weaker German PMI survey increased concerns about the global economy; US equities were down sharply; US bond yields moved significantly lower; NZD was a bystander to the volatility in markets elsewhere
25th Mar 19, 7:58am
Much weaker German PMI survey increased concerns about the global economy; US equities were down sharply; US bond yields moved significantly lower; NZD was a bystander to the volatility in markets elsewhere
A dovish FOMC statement indicated the Fed does not intend to raise rates this year; NZD has broken through 0.69 after the FOMC meeting; NZ’s 10 year swap rate closed at a fresh, record low of 2.3275% yesterday
21st Mar 19, 8:09am
A dovish FOMC statement indicated the Fed does not intend to raise rates this year; NZD has broken through 0.69 after the FOMC meeting; NZ’s 10 year swap rate closed at a fresh, record low of 2.3275% yesterday
US equities up again and testing the highs of the year, although bonds have been largely unmoved; GBP remains very volatile; NZ rates had another sizable decline yesterday; NZD is down 0.2% over the past 24 hours to 0.6845
14th Mar 19, 8:16am
US equities up again and testing the highs of the year, although bonds have been largely unmoved; GBP remains very volatile; NZ rates had another sizable decline yesterday; NZD is down 0.2% over the past 24 hours to 0.6845
A slightly weaker than expected US core CPI release overnight has triggered a fall in the USD and US rates; GBP remains volatile; NZD was again the top performing currency and NZD/AUD is now testing 0.97
13th Mar 19, 8:08am
A slightly weaker than expected US core CPI release overnight has triggered a fall in the USD and US rates; GBP remains volatile; NZD was again the top performing currency and NZD/AUD is now testing 0.97
Global equities markets up strongly; US rates have been largely unmoved; GBP has recovered ahead of Theresa May’s Brexit vote tonight; NZD is up 0.35% to 0.6830 USD
12th Mar 19, 8:08am
Global equities markets up strongly; US rates have been largely unmoved; GBP has recovered ahead of Theresa May’s Brexit vote tonight; NZD is up 0.35% to 0.6830 USD
US equities and bond yields close to unchanged on the day; USD was broadly lower on the day, although the bulk of those losses had occurred pre-payrolls; NZD was the top-performing currency on Friday
11th Mar 19, 8:16am
US equities and bond yields close to unchanged on the day; USD was broadly lower on the day, although the bulk of those losses had occurred pre-payrolls; NZD was the top-performing currency on Friday
US equity markets have fallen back sharply overnight while global rates have declined; USD is modestly higher, although the NZD and AUD have outperformed; NZ rates increased, and the curve steepened yesterday
5th Mar 19, 8:21am
US equity markets have fallen back sharply overnight while global rates have declined; USD is modestly higher, although the NZD and AUD have outperformed; NZ rates increased, and the curve steepened yesterday
Equity markets have softened modestly while US and global rates have, in contrast, moved higher; GBP continues to outperform as the probability of a no-deal Brexit scenario recedes while the NZD and AUD have fallen; NZ rates were lower across the curve
28th Feb 19, 8:04am
Equity markets have softened modestly while US and global rates have, in contrast, moved higher; GBP continues to outperform as the probability of a no-deal Brexit scenario recedes while the NZD and AUD have fallen; NZ rates were lower across the curve
GBP moved sharply higher after Theresa May said she would give parliament the option of extending Article 50; USD has weakened around 0.2%, largely due to the surge in the GBP; US 10 year Treasury yield is 2bps lower on the day, to 2.64%
27th Feb 19, 7:36am
GBP moved sharply higher after Theresa May said she would give parliament the option of extending Article 50; USD has weakened around 0.2%, largely due to the surge in the GBP; US 10 year Treasury yield is 2bps lower on the day, to 2.64%
Equity markets have moved higher once again; CNY reached its highest level since July; NZD and AUD are the top performing currencies overnight; global rates have moved higher
26th Feb 19, 8:26am
Equity markets have moved higher once again; CNY reached its highest level since July; NZD and AUD are the top performing currencies overnight; global rates have moved higher
Equity markets ended the week higher, while bond yields fell; USD was weaker across the board, with commodity currencies the top performers; NZD more-than-fully reversed its earlier losses
25th Feb 19, 8:17am
Equity markets ended the week higher, while bond yields fell; USD was weaker across the board, with commodity currencies the top performers; NZD more-than-fully reversed its earlier losses
Global rates fell overnight after a much weaker than expected US retail sales; NZD has outperformed amidst further short-covering in the wake of Wednesday’s RBNZ MPS while NZ swap rates rose again yesterday; S&P500 is close to flat on the day
15th Feb 19, 8:34am
Global rates fell overnight after a much weaker than expected US retail sales; NZD has outperformed amidst further short-covering in the wake of Wednesday’s RBNZ MPS while NZ swap rates rose again yesterday; S&P500 is close to flat on the day
Global equity markets have moved higher again, although US indices are now only slightly up on the day; NZD is the top performing currency over the past 24 hours; NZ rates were higher across the curve yesterday
14th Feb 19, 7:53am
Global equity markets have moved higher again, although US indices are now only slightly up on the day; NZD is the top performing currency over the past 24 hours; NZ rates were higher across the curve yesterday
Hopes grow for an extension to the trade war ceasefire between the US and China; global equities and bond yields have moved higher; USD has fallen back from its year-to-date highs overnight
13th Feb 19, 7:48am
Hopes grow for an extension to the trade war ceasefire between the US and China; global equities and bond yields have moved higher; USD has fallen back from its year-to-date highs overnight
Equity markets moved higher across Asia and Europe overnight; USD has again strengthened overnight; NZD is down slightly on the day against the USD; NZ rates bounced modestly yesterday on profit-taking ahead of the RBNZ meeting
12th Feb 19, 8:17am
Equity markets moved higher across Asia and Europe overnight; USD has again strengthened overnight; NZD is down slightly on the day against the USD; NZ rates bounced modestly yesterday on profit-taking ahead of the RBNZ meeting
Equity markets fell across Asia and Europe, although a late bounce in US equities left them marginally higher on the day; NZD was little changed on the day, but NZ rates experienced another sizable fall
11th Feb 19, 8:24am
Equity markets fell across Asia and Europe, although a late bounce in US equities left them marginally higher on the day; NZD was little changed on the day, but NZ rates experienced another sizable fall
US equities have extended gains made in the aftermath of the dovish FOMC meeting yesterday morning, helped by better corporate earnings results; US Treasury yields have continued to move lower; NZD has increased to its highest level since early December
1st Feb 19, 7:49am
US equities have extended gains made in the aftermath of the dovish FOMC meeting yesterday morning, helped by better corporate earnings results; US Treasury yields have continued to move lower; NZD has increased to its highest level since early December