4th Apr 20, 8:43am
Awful US jobs data understates the real situation; the US service sector contracts; Fed ponders opacity; Japan and China offer virus aid; iron ore prices fall; UST 10yr yield at 0.60%; oil and gold rise; NZ$1 = 58.5 USc; TWI-5 = 65.5
Awful US jobs data understates the real situation; the US service sector contracts; Fed ponders opacity; Japan and China offer virus aid; iron ore prices fall; UST 10yr yield at 0.60%; oil and gold rise; NZ$1 = 58.5 USc; TWI-5 = 65.5
3rd Apr 20, 3:59pm
A review of things you need to know before you go home on Friday; more rate cuts, more regulatory relief, tough on the farm and in the car yards, NZD stable, & more
A review of things you need to know before you go home on Friday; more rate cuts, more regulatory relief, tough on the farm and in the car yards, NZD stable, & more
3rd Apr 20, 7:50am
Oil rockets more than 20% higher after Trump says OPEC+ to cut production by 10m-15m barrels per day boosting energy stocks and inflation expectations. US jobless claims hit 6.65 million. Further signs of life in offshore credit markets
Oil rockets more than 20% higher after Trump says OPEC+ to cut production by 10m-15m barrels per day boosting energy stocks and inflation expectations. US jobless claims hit 6.65 million. Further signs of life in offshore credit markets
3rd Apr 20, 7:21am
Another enormous rise in US jobless claims; banks brace for foreclosure surge; carmakers pull back; iron ore prices about to tank; Aussie business sentiment dives; UST 10yr yield at 0.62%; oil and gold jump; NZ$1 = 59 USc; TWI-5 = 65.8
Another enormous rise in US jobless claims; banks brace for foreclosure surge; carmakers pull back; iron ore prices about to tank; Aussie business sentiment dives; UST 10yr yield at 0.62%; oil and gold jump; NZ$1 = 59 USc; TWI-5 = 65.8
[Updated]
2nd Apr 20, 3:59pm
A review of things you need to know before you go home on Thursday; FEI in receivership, big Govt bond tenders, Barfoots strong pre lockdown, RBNZ stops bank dividends, swaps low, NZD soft, & more
[Updated]
A review of things you need to know before you go home on Thursday; FEI in receivership, big Govt bond tenders, Barfoots strong pre lockdown, RBNZ stops bank dividends, swaps low, NZD soft, & more
2nd Apr 20, 7:54am
A bad start to Q2 for risk assets. NZ bond market underperforms as issuance program ramps up. NZD goes sub-0.59 overnight
A bad start to Q2 for risk assets. NZ bond market underperforms as issuance program ramps up. NZD goes sub-0.59 overnight
2nd Apr 20, 7:20am
Global manufacturing dives, except in China and Taiwan; equity markets fall; virus toll mounts; oil inventories jump; UST 10yr yield at 0.64%; oil holds and gold down; NZ$1 = 59.3 USc; TWI-5 = 65.8
Global manufacturing dives, except in China and Taiwan; equity markets fall; virus toll mounts; oil inventories jump; UST 10yr yield at 0.64%; oil holds and gold down; NZ$1 = 59.3 USc; TWI-5 = 65.8
[Updated]
1st Apr 20, 3:59pm
A review of things you need to know before you go home on Wednesday; more savings account rate cuts, housing market turns grim, thousands apply for mortgage relief, vastly more for wage subsidies, swaps data updated, NZD soft, & more
[Updated]
A review of things you need to know before you go home on Wednesday; more savings account rate cuts, housing market turns grim, thousands apply for mortgage relief, vastly more for wage subsidies, swaps data updated, NZD soft, & more
1st Apr 20, 7:50am
Market moves reasonably modest overnight (for a change). Trump proposes $2 trillion infrastructure package, Japan outlines big fiscal stimulus too
Market moves reasonably modest overnight (for a change). Trump proposes $2 trillion infrastructure package, Japan outlines big fiscal stimulus too
1st Apr 20, 7:22am
Fed scrambles to stabilise the greenback; US confidence falls; PMIs weaken; Chinese PMIs bounce back; Australian confidence at record low; UST 10yr yield at 0.67%; oil holds and gold down; NZ$1 = 59.3 USc; TWI-5 = 65.8
Fed scrambles to stabilise the greenback; US confidence falls; PMIs weaken; Chinese PMIs bounce back; Australian confidence at record low; UST 10yr yield at 0.67%; oil holds and gold down; NZ$1 = 59.3 USc; TWI-5 = 65.8
31st Mar 20, 3:59pm
A review of things you need to know before you go home on Tuesday; many retail rate changes (cuts), retail spending dives, business confidence follows, power use down, swaps stablise, NZD firm, & much much more
A review of things you need to know before you go home on Tuesday; many retail rate changes (cuts), retail spending dives, business confidence follows, power use down, swaps stablise, NZD firm, & much much more
31st Mar 20, 7:49am
Equities markets start the week on a positive note, even in the face of some dire economic data. New policies to support growth continue to be announced
Equities markets start the week on a positive note, even in the face of some dire economic data. New policies to support growth continue to be announced
31st Mar 20, 7:22am
US Congress talks more huge stimulus; regional data dire; China restart faces huge challenges; Aussies launch huge stimulus too; UST 10yr yield at 0.67%; oil and gold down; NZ$1 = 60.4 USc; TWI-5 = 66.5
US Congress talks more huge stimulus; regional data dire; China restart faces huge challenges; Aussies launch huge stimulus too; UST 10yr yield at 0.67%; oil and gold down; NZ$1 = 60.4 USc; TWI-5 = 66.5
30th Mar 20, 3:59pm
A review of things you need to know before you go home on Monday; rate changes keep coming, RBNZ adds to support, insurers promise support, fear stalks fixed interest markets, NZD firm, & more
A review of things you need to know before you go home on Monday; rate changes keep coming, RBNZ adds to support, insurers promise support, fear stalks fixed interest markets, NZD firm, & more
30th Mar 20, 8:18am
Roger J Kerr says If the New Zealand economy can 'dodge a bullet', with relatively less negative economic impact than other economies, it is difficult to see the NZ dollar going down in value
Roger J Kerr says If the New Zealand economy can 'dodge a bullet', with relatively less negative economic impact than other economies, it is difficult to see the NZ dollar going down in value
30th Mar 20, 7:55am
Equities, bond yields lower despite US $2 trillion fiscal stimulus package. Bank of Canada cuts -50bps, announces first QE program. USD weakens again
Equities, bond yields lower despite US $2 trillion fiscal stimulus package. Bank of Canada cuts -50bps, announces first QE program. USD weakens again
30th Mar 20, 7:21am
Reality bites very hard; US virus caseload jumps again; consumer confidence dives; many countries take drastic action; China profits shrink; a dash for cash; UST 10yr yield at 0.68%; oil and gold down; NZ$1 = 60.4 USc; TWI-5 = 66.6
Reality bites very hard; US virus caseload jumps again; consumer confidence dives; many countries take drastic action; China profits shrink; a dash for cash; UST 10yr yield at 0.68%; oil and gold down; NZ$1 = 60.4 USc; TWI-5 = 66.6
28th Mar 20, 8:13am
Covid-19 explodes in the US; consumer confidence dives; the Fed shows what 'unlimited' means; Canada and India cut & stimulate; Australia struggles; UST 10yr yield at 0.73%; oil down and gold up; NZ$1 = 60.1 USc; TWI-5 = 66.6
Covid-19 explodes in the US; consumer confidence dives; the Fed shows what 'unlimited' means; Canada and India cut & stimulate; Australia struggles; UST 10yr yield at 0.73%; oil down and gold up; NZ$1 = 60.1 USc; TWI-5 = 66.6
27th Mar 20, 3:59pm
A review of things you need to know before you go home on Friday; many rate cuts and payment deferrals, petrol price drops, landlords want a public bailout, swaps slip, NZD firm, & much more
A review of things you need to know before you go home on Friday; many rate cuts and payment deferrals, petrol price drops, landlords want a public bailout, swaps slip, NZD firm, & much more
27th Mar 20, 7:56am
Global equities up for the third day running as central banks and governments show policy support. USD under pressure as risk sentiment improves. NZD, AUD and GBP all more than 2% higher overnight
Global equities up for the third day running as central banks and governments show policy support. USD under pressure as risk sentiment improves. NZD, AUD and GBP all more than 2% higher overnight
