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

Nick Smyth

Equities increase further on vaccine optimism, global rates tick higher. NZD flat on Friday, but up more than 1% last week. Brexit in focus this week as talks reach crunch time
16th Nov 20, 7:40am
Equities increase further on vaccine optimism, global rates tick higher. NZD flat on Friday, but up more than 1% last week. Brexit in focus this week as talks reach crunch time
Rotation continues in equity markets - tech stocks underperform, small-cap stocks increase further. Global rates push higher again. Big moves higher in NZ rates yesterday as market pares back OCR rate cut pricing
11th Nov 20, 7:46am
1
Rotation continues in equity markets - tech stocks underperform, small-cap stocks increase further. Global rates push higher again. Big moves higher in NZ rates yesterday as market pares back OCR rate cut pricing
USD remains under pressure, with BBDXY hitting fresh 2½-year low. NZD touches 0.68 for the first time since April 2019. US Treasury yields higher after stronger payrolls report; NZ rates higher on Friday as well. RBNZ MPS in focus this week
9th Nov 20, 7:41am
USD remains under pressure, with BBDXY hitting fresh 2½-year low. NZD touches 0.68 for the first time since April 2019. US Treasury yields higher after stronger payrolls report; NZ rates higher on Friday as well. RBNZ MPS in focus this week
Equity markets suffer a tech-led fall on Friday night. Global rates higher and steeper as conviction in a "blue wave" grows. UK announces nationwide lockdown from Thursday. US election to take centre stage this week
2nd Nov 20, 7:32am
Equity markets suffer a tech-led fall on Friday night. Global rates higher and steeper as conviction in a "blue wave" grows. UK announces nationwide lockdown from Thursday. US election to take centre stage this week
US equities recover strongly after yesterday's big sell-off. US Treasury yields move sharply higher. ECB signals more easing to come in December, leading to falls in EUR and European rates
30th Oct 20, 7:48am
US equities recover strongly after yesterday's big sell-off. US Treasury yields move sharply higher. ECB signals more easing to come in December, leading to falls in EUR and European rates
Big falls in equity markets (S&P500 -2.5%) on COVID-19 concerns, deadlocked fiscal stimulus talks. US 10-year yield falls back below 0.8%. Currency moves modest in comparison - NZD slightly lower to start the week
27th Oct 20, 7:47am
Big falls in equity markets (S&P500 -2.5%) on COVID-19 concerns, deadlocked fiscal stimulus talks. US 10-year yield falls back below 0.8%. Currency moves modest in comparison - NZD slightly lower to start the week
Equity markets lower, bond yields little changed overnight. USD weakens, CNY reaches a multi-year high. NZD/AUD makes a 2½ month high as markets price-in RBA QE
20th Oct 20, 7:42am
Equity markets lower, bond yields little changed overnight. USD weakens, CNY reaches a multi-year high. NZD/AUD makes a 2½ month high as markets price-in RBA QE
Little change in US equities, rates or currencies on Friday. Market brushes off Boris Johnson's call for the UK to prepare for no-deal Brexit. Labour wins majority in NZ election - little sustained market reaction anticipated. RBNZ tapers bond buying for
19th Oct 20, 7:19am
1
Little change in US equities, rates or currencies on Friday. Market brushes off Boris Johnson's call for the UK to prepare for no-deal Brexit. Labour wins majority in NZ election - little sustained market reaction anticipated. RBNZ tapers bond buying for
Equities rise again, capping off strong week, as market warms up to Biden win. USD falls to a near 2½-year low. NZD rebounds strongly on Friday. PBOC changes rules on FX forwards, making it less expensive to short CNY
12th Oct 20, 7:41am
1
Equities rise again, capping off strong week, as market warms up to Biden win. USD falls to a near 2½-year low. NZD rebounds strongly on Friday. PBOC changes rules on FX forwards, making it less expensive to short CNY
Equity markets push higher again. Global rates fall modestly. NZD/AUD hits 4-week low on dovish RBNZ comments
9th Oct 20, 7:48am
Equity markets push higher again. Global rates fall modestly. NZD/AUD hits 4-week low on dovish RBNZ comments
Equity markets, bond yields bounce back overnight. USD weakens in a risk-on move. NZD surprisingly weak over the past 24 hours, NZD/AUD cross falls to a 3-week low. Little reaction so far to the Fed minutes
8th Oct 20, 7:50am
Equity markets, bond yields bounce back overnight. USD weakens in a risk-on move. NZD surprisingly weak over the past 24 hours, NZD/AUD cross falls to a 3-week low. Little reaction so far to the Fed minutes
US equity markets, bond yields consolidate after their big gains on Monday. RBA signals likely easing in November - AUD and Aussie bond yields fall. NZD drifts lower within a still-tight trading range
7th Oct 20, 8:02am
US equity markets, bond yields consolidate after their big gains on Monday. RBA signals likely easing in November - AUD and Aussie bond yields fall. NZD drifts lower within a still-tight trading range
Equities and bond yields rebound strongly on signs Trump's condition is improving, fiscal stimulus hopes. USD weakens on rising fiscal stimulus chances. NZD little moved despite improved risk appetite
6th Oct 20, 7:48am
Equities and bond yields rebound strongly on signs Trump's condition is improving, fiscal stimulus hopes. USD weakens on rising fiscal stimulus chances. NZD little moved despite improved risk appetite
Trump's positive COVID-19 test result initially rattles equity markets before S&P500 pares losses on fiscal stimulus hopes. Nonfarm payrolls a bit weaker but completely overlooked by markets. NZ govt to review COVID-19 alert level for Auckland today
5th Oct 20, 7:41am
Trump's positive COVID-19 test result initially rattles equity markets before S&P500 pares losses on fiscal stimulus hopes. Nonfarm payrolls a bit weaker but completely overlooked by markets. NZ govt to review COVID-19 alert level for Auckland today
Equities bounce back overnight. USD strengthens to a 6-week high. RBA's Debelle says more easing possible, AUD underperforms. RBNZ Monetary Policy Review today - should be uneventful
23rd Sep 20, 8:00am
Equities bounce back overnight. USD strengthens to a 6-week high. RBA's Debelle says more easing possible, AUD underperforms. RBNZ Monetary Policy Review today - should be uneventful
S&P500, NASDAQ fall again, on little news. Not much movement in bonds and currencies. NZD outperforms slightly on positive comments from FM Robertson. RBNZ MPS on Wednesday - no major changes expected
21st Sep 20, 7:38am
S&P500, NASDAQ fall again, on little news. Not much movement in bonds and currencies. NZD outperforms slightly on positive comments from FM Robertson. RBNZ MPS on Wednesday - no major changes expected
Equity markets tumble again but with little spillover into bonds and currencies. BoE flags the possibility of negative interest rates
18th Sep 20, 7:41am
1
Equity markets tumble again but with little spillover into bonds and currencies. BoE flags the possibility of negative interest rates
Tech stocks fall again, S&P500 flat on Friday. Little movement in currencies or US rates. Plenty on this week - NZ GDP, PREFU, FOMC and BoE meetings, RBA minutes, US retail sales
14th Sep 20, 7:35am
Tech stocks fall again, S&P500 flat on Friday. Little movement in currencies or US rates. Plenty on this week - NZ GDP, PREFU, FOMC and BoE meetings, RBA minutes, US retail sales
Equity markets fall sharply again. Brexit concerns mount, GBP plunges. President Lagarde suggests ECB won't overreact to the exchange rate - EUR outperforms
11th Sep 20, 7:44am
1
Equity markets fall sharply again. Brexit concerns mount, GBP plunges. President Lagarde suggests ECB won't overreact to the exchange rate - EUR outperforms
US equities recover after further big falls on Friday. US rates increase sharply, curve steepens, after payrolls. Limited moves in currencies
7th Sep 20, 7:34am
US equities recover after further big falls on Friday. US rates increase sharply, curve steepens, after payrolls. Limited moves in currencies
Risk appetite remains firm, with US equities heading higher again. US rates fall and curve flattens. USD recovers from a two-year low as ECB's chief economist says the EUR "does matter". NZD outperforms despite the market increasing OCR rate cut pricing
2nd Sep 20, 8:02am
Risk appetite remains firm, with US equities heading higher again. US rates fall and curve flattens. USD recovers from a two-year low as ECB's chief economist says the EUR "does matter". NZD outperforms despite the market increasing OCR rate cut pricing
Powell's Jackson Hole speech continues to be felt. USD falls sharply, US curve continues to steepen, US equities rise. Hawkesby says RBNZ also happy with an inflation overshoot
31st Aug 20, 7:40am
Powell's Jackson Hole speech continues to be felt. USD falls sharply, US curve continues to steepen, US equities rise. Hawkesby says RBNZ also happy with an inflation overshoot
Powell outlines shift to average inflation targeting, running labour market 'hot'. Market gives an initial thumbs up: equities higher, curve steeper, inflation expectations slightly higher
28th Aug 20, 7:53am
1
Powell outlines shift to average inflation targeting, running labour market 'hot'. Market gives an initial thumbs up: equities higher, curve steeper, inflation expectations slightly higher
US equity markets nudge higher again, led by big tech. Global rates drift lower - Powell's Jackson Hole address the main event this week. RBNZ increases bond buying for this week - 10yr swap rate falls to almost 0.5%
24th Aug 20, 7:38am
US equity markets nudge higher again, led by big tech. Global rates drift lower - Powell's Jackson Hole address the main event this week. RBNZ increases bond buying for this week - 10yr swap rate falls to almost 0.5%
US equities recover from post-FOMC minutes sell-off. Global rates fall again, NZ rates hit new lows. NZD falls toward 0.65, underperforms significantly
21st Aug 20, 7:45am
1
US equities recover from post-FOMC minutes sell-off. Global rates fall again, NZ rates hit new lows. NZD falls toward 0.65, underperforms significantly