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Global rates jump higher - US 10-year rate above 1.40% for first time since July. Equity markets rebound further. USD falls amidst improving risk appetite
24th Sep 21, 7:52am
Global rates jump higher - US 10-year rate above 1.40% for first time since July. Equity markets rebound further. USD falls amidst improving risk appetite
Risk appetite improves after Evergrande negotiates a coupon payment. Fed adopts a more hawkish stance, but market well prepared for that. FOMC members bring forward rate hike expectations
23rd Sep 21, 7:48am
Risk appetite improves after Evergrande negotiates a coupon payment. Fed adopts a more hawkish stance, but market well prepared for that. FOMC members bring forward rate hike expectations
Equity markets settle after yesterday's chunky selloff. Still awaiting news on Evergrande restructuring. NZ rates lower and NZD on soft side post-RBNZ speech
22nd Sep 21, 7:44am
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Equity markets settle after yesterday's chunky selloff. Still awaiting news on Evergrande restructuring. NZ rates lower and NZD on soft side post-RBNZ speech
Market concerns about pending collapse of China's Evergrande dominate pricing. Global equity markets show chunky falls; global rates rally
21st Sep 21, 7:37am
Market concerns about pending collapse of China's Evergrande dominate pricing. Global equity markets show chunky falls; global rates rally
Roger J Kerr says the foreign exchange markets seem to be taking the view that the historical GDP growth numbers are questionable and the risks ahead for the NZ economy outweigh any positive past performance
20th Sep 21, 8:15am
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Roger J Kerr says the foreign exchange markets seem to be taking the view that the historical GDP growth numbers are questionable and the risks ahead for the NZ economy outweigh any positive past performance
S&P500 lower, USD stronger on Friday as risk appetite remains cautious ahead of Fed meeting this week. NZ 2-year swap rate hits 1.50%, its highest level since mid-2019
20th Sep 21, 8:03am
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S&P500 lower, USD stronger on Friday as risk appetite remains cautious ahead of Fed meeting this week. NZ 2-year swap rate hits 1.50%, its highest level since mid-2019
Stronger than expected US retail sales report supports higher US rates and USD backdrop. This strength sidelines massive NZ Q2 GDP report. NZD/AUD settles around 0.97
17th Sep 21, 8:16am
Stronger than expected US retail sales report supports higher US rates and USD backdrop. This strength sidelines massive NZ Q2 GDP report. NZD/AUD settles around 0.97
US equities stronger against the grain of other markets. UK and Canadian inflation surprises alongside higher energy prices drive global rates higher. Negative newsflow out of China keeps on coming
16th Sep 21, 7:48am
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US equities stronger against the grain of other markets. UK and Canadian inflation surprises alongside higher energy prices drive global rates higher. Negative newsflow out of China keeps on coming
US CPI slightly lower than expected. Equity markets down again, safe havens outperform in the FX market. RBA pushes back against rate hike pricing
15th Sep 21, 7:44am
US CPI slightly lower than expected. Equity markets down again, safe havens outperform in the FX market. RBA pushes back against rate hike pricing
Commodity prices push higher. NZD flat around 0.71; Business confidence resilient during current lockdown
14th Sep 21, 7:44am
Commodity prices push higher. NZD flat around 0.71; Business confidence resilient during current lockdown
Roger J Kerr tackles the nitty gritty on our current handling of the Covid pandemic, the direction of the economy and what it all means for the future value of the NZ dollar
13th Sep 21, 8:19am
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Roger J Kerr tackles the nitty gritty on our current handling of the Covid pandemic, the direction of the economy and what it all means for the future value of the NZ dollar
Reports Biden considering a new investigation of Chinese state subsides will set the equity market tone this week. Global rates rebound, helped by higher commodity prices
13th Sep 21, 7:25am
Reports Biden considering a new investigation of Chinese state subsides will set the equity market tone this week. Global rates rebound, helped by higher commodity prices
ECB confirms reduced QE bond buying pace in Q4, a "recalibration", not a "tapering". Equity markets flat-to-slightly lower. Market pricing a small chance of a 50bp OCR hike at the RBNZ's October meeting
10th Sep 21, 7:48am
ECB confirms reduced QE bond buying pace in Q4, a "recalibration", not a "tapering". Equity markets flat-to-slightly lower. Market pricing a small chance of a 50bp OCR hike at the RBNZ's October meeting
Cautious tone continues, equities push lower. US 10-year rate reverses course. Small moves in currencies
9th Sep 21, 8:01am
Cautious tone continues, equities push lower. US 10-year rate reverses course. Small moves in currencies
Mild risk off sees lower equity markets and stronger USD overnight. Global rates push higher in a week with increased supply. RBA does a dovish taper
8th Sep 21, 7:52am
Mild risk off sees lower equity markets and stronger USD overnight. Global rates push higher in a week with increased supply. RBA does a dovish taper
Global equity markets remain on record-breaking run. NZ swap rates up to highest levels in more than two years, supported by conviction in RBNZ rate hike cycle
7th Sep 21, 7:47am
Global equity markets remain on record-breaking run. NZ swap rates up to highest levels in more than two years, supported by conviction in RBNZ rate hike cycle
Roger J Kerr says our currency seems to have 'zoomed' up too far and too fast, so, a fall seems likely in coming days
6th Sep 21, 8:30am
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Roger J Kerr says our currency seems to have 'zoomed' up too far and too fast, so, a fall seems likely in coming days
Big downside miss on US payrolls but wage growth stronger than expected. No tapering signal until at least November. US curve steepens, USD falls, equities little changed
6th Sep 21, 8:20am
Big downside miss on US payrolls but wage growth stronger than expected. No tapering signal until at least November. US curve steepens, USD falls, equities little changed
USD falls to a one-month low, now down 1% since Powell's Jackson Hole speech. NZ 10-year bond spread to Australia reaches fresh 5½ year high
3rd Sep 21, 7:47am
USD falls to a one-month low, now down 1% since Powell's Jackson Hole speech. NZ 10-year bond spread to Australia reaches fresh 5½ year high
US labour market indicators on the soft side ahead of Friday's key non-farm payrolls report. US rates and USD lower on that. NZ and AU long bond rate rates jump higher yesterday
2nd Sep 21, 7:46am
US labour market indicators on the soft side ahead of Friday's key non-farm payrolls report. US rates and USD lower on that. NZ and AU long bond rate rates jump higher yesterday
Plethora of global data releases show weaker activity and higher inflation. Global rates push higher on higher euro area inflation and nerves ahead of ECB next week
1st Sep 21, 7:52am
Plethora of global data releases show weaker activity and higher inflation. Global rates push higher on higher euro area inflation and nerves ahead of ECB next week
Some post-Powell speech follow-through, with US equities higher and US rates lower. Currency markets muted. Full economic calendar in the day ahead
31st Aug 21, 7:47am
Some post-Powell speech follow-through, with US equities higher and US rates lower. Currency markets muted. Full economic calendar in the day ahead
Roger J Kerr suggests John Key and Bill English would have done a better job of managing the current Covid crisis
30th Aug 21, 9:25am
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Roger J Kerr suggests John Key and Bill English would have done a better job of managing the current Covid crisis
Powell's Jackson Hole speech confirms tapering soon. Equities higher, bond yields and USD lower. Eyes now on US non-farm payrolls
30th Aug 21, 7:50am
Powell's Jackson Hole speech confirms tapering soon. Equities higher, bond yields and USD lower. Eyes now on US non-farm payrolls
Suicide bombings outside Kabul airport see risk appetite turn more cautious. Equity markets fall, albeit off the intraday lows. USD stronger with commodity currencies underperforming
27th Aug 21, 7:45am
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Suicide bombings outside Kabul airport see risk appetite turn more cautious. Equity markets fall, albeit off the intraday lows. USD stronger with commodity currencies underperforming