NZ$
A review of things you need to know before you sign off on Friday; some minor rate changes, cost of living still high, consumer sentiment in surprising gain, EV insurance tough for all, swaps slip, NZD low, & more
26th Jul 24, 3:59pm
71
A review of things you need to know before you sign off on Friday; some minor rate changes, cost of living still high, consumer sentiment in surprising gain, EV insurance tough for all, swaps slip, NZD low, & more
Stronger than expected US GDP data supported the soft-landing narrative, and US equities have consolidated after yesterday's tumble. Currency markets have remained erratic
26th Jul 24, 7:54am
Stronger than expected US GDP data supported the soft-landing narrative, and US equities have consolidated after yesterday's tumble. Currency markets have remained erratic
[updated]
A review of things you need to know before you sign off on Thursday; some more rate cuts, the real economy swoons, overseas house buyers scarce, hacks and manipulations, swaps still weak, NZ stable, & more
25th Jul 24, 3:59pm
79
A review of things you need to know before you sign off on Thursday; some more rate cuts, the real economy swoons, overseas house buyers scarce, hacks and manipulations, swaps still weak, NZ stable, & more
US stocks tumble, led by the mega cap and IT stocks. However, it doesn’t seem like a classic risk-off event, with the UST 10yr rate up and the curve steepened significantly. The Bank of Canada cuts again, by 25bps. The yen continues to outperform
25th Jul 24, 7:43am
2
US stocks tumble, led by the mega cap and IT stocks. However, it doesn’t seem like a classic risk-off event, with the UST 10yr rate up and the curve steepened significantly. The Bank of Canada cuts again, by 25bps. The yen continues to outperform
A review of things you need to know before you sign off on Wednesday; Westpac cuts retail rates again, residence visas stay elevated, retail sector in survival mode, mortgages get household priority, swaps stable, NZD down, & more
24th Jul 24, 3:59pm
77
A review of things you need to know before you sign off on Wednesday; Westpac cuts retail rates again, residence visas stay elevated, retail sector in survival mode, mortgages get household priority, swaps stable, NZD down, & more
US equities are flat and US Treasury yields are slightly lower. Of note is that lower commodity prices continue to drag down the NZD and AUD, while the yen remains flavour of the week
24th Jul 24, 7:43am
US equities are flat and US Treasury yields are slightly lower. Of note is that lower commodity prices continue to drag down the NZD and AUD, while the yen remains flavour of the week
[updated]
A review of things you need to know before you sign off on Tuesday; no retail rate changes, ComCom eyes card fee savings, electricity prices spike, emissions fall, swaps hold, NZD falls, & more
23rd Jul 24, 3:59pm
140
A review of things you need to know before you sign off on Tuesday; no retail rate changes, ComCom eyes card fee savings, electricity prices spike, emissions fall, swaps hold, NZD falls, & more
US equities have rebounded, recovering from last week’s hiccup, driven by the tech sector. Market reaction to Biden’s withdrawal from the Presidential race has been muted, with only small changes in the USD and Treasury yields
23rd Jul 24, 7:40am
US equities have rebounded, recovering from last week’s hiccup, driven by the tech sector. Market reaction to Biden’s withdrawal from the Presidential race has been muted, with only small changes in the USD and Treasury yields
A review of things you need to know before you sign off on Monday; ASB makes home loan and TD changes, Auckland dwelling completions hold for now, trade in surplus, swaps rise, NZD holds, & more
22nd Jul 24, 3:59pm
49
A review of things you need to know before you sign off on Monday; ASB makes home loan and TD changes, Auckland dwelling completions hold for now, trade in surplus, swaps rise, NZD holds, & more
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
22nd Jul 24, 2:50pm
28
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
Roger J Kerr says “the Donald” has delivered an unmistakable signal that, should he win the Presidency, weakening the value of the US dollar would be a priority policy
22nd Jul 24, 8:55am
4
Roger J Kerr says “the Donald” has delivered an unmistakable signal that, should he win the Presidency, weakening the value of the US dollar would be a priority policy
Financial markets ended last week on a soft note, with weaker global equity markets, higher global rates and lower commodity prices. Volumes were light as trading activity was restricted by the global IT outage
22nd Jul 24, 7:33am
Financial markets ended last week on a soft note, with weaker global equity markets, higher global rates and lower commodity prices. Volumes were light as trading activity was restricted by the global IT outage
A review of things you need to know before you sign off on Friday; more retail rate cuts, credit cards used less, CTRL censured, hard-sell development selldown, swaps lower, NZD stable, & more
19th Jul 24, 3:59pm
71
A review of things you need to know before you sign off on Friday; more retail rate cuts, credit cards used less, CTRL censured, hard-sell development selldown, swaps lower, NZD stable, & more
Global equity markets declined for the second consecutive session. Equities are beginning to price in more political risk. The US dollar gained against G10 currencies
19th Jul 24, 7:46am
Global equity markets declined for the second consecutive session. Equities are beginning to price in more political risk. The US dollar gained against G10 currencies
A review of things you need to know before you sign off on Thursday; ANZ drops home loan rates, BNZ & ANZ drop TD rates, our jobless claims rise, NZGB tender very well supported, swaps stable, NZD unchanged, & more
18th Jul 24, 3:59pm
27
A review of things you need to know before you sign off on Thursday; ANZ drops home loan rates, BNZ & ANZ drop TD rates, our jobless claims rise, NZGB tender very well supported, swaps stable, NZD unchanged, & more
Key Fed officials suggest greater confidence in the disinflationary trend. Technology stocks led declines in global equities amid concerns about tighter restrictions from the US government on exports to China
18th Jul 24, 7:33am
Key Fed officials suggest greater confidence in the disinflationary trend. Technology stocks led declines in global equities amid concerns about tighter restrictions from the US government on exports to China
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
18th Jul 24, 5:00am
30
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
A review of things you need to know before you sign off on Wednesday; CPI inflation eases more than expected, rents top out, dairy prices surprise, Synlait surprises again, swaps uncertain, NZD firms, & more
17th Jul 24, 3:59pm
34
A review of things you need to know before you sign off on Wednesday; CPI inflation eases more than expected, rents top out, dairy prices surprise, Synlait surprises again, swaps uncertain, NZD firms, & more
David Hargreaves says still 'sticky' domestic inflation may convince the Reserve Bank to sit tight on the Official Cash Rate at least for now
17th Jul 24, 11:22am
63
David Hargreaves says still 'sticky' domestic inflation may convince the Reserve Bank to sit tight on the Official Cash Rate at least for now
The US Treasury yield curve flattened and currency markets are little changed. Gold hit a record high of US$2465 an ounce. US equities advanced following unexpectedly strong retail sales data
17th Jul 24, 7:51am
The US Treasury yield curve flattened and currency markets are little changed. Gold hit a record high of US$2465 an ounce. US equities advanced following unexpectedly strong retail sales data
A review of things you need to know before you sign off on Tuesday; quiet on the retail rate front, realtor commissions sink with market, eyes on dairy prices and CPI, insurance premium cost risk rises, swaps ease, NZD falls, & more
16th Jul 24, 3:59pm
111
A review of things you need to know before you sign off on Tuesday; quiet on the retail rate front, realtor commissions sink with market, eyes on dairy prices and CPI, insurance premium cost risk rises, swaps ease, NZD falls, & more
Powell looks to rate cuts, but without saying when. The US treasury curve has continued to steepen. 30-year yields are above 2-year yields for the first time since November. China’s Q2 GDP data was weaker than expected
16th Jul 24, 8:07am
Powell looks to rate cuts, but without saying when. The US treasury curve has continued to steepen. 30-year yields are above 2-year yields for the first time since November. China’s Q2 GDP data was weaker than expected
A review of things you need to know before you sign off on Monday; another Notice Saver launches, PSI terrible, REINZ June data not much better, tractor sale dire, swaps stable, NZD eases, & more
15th Jul 24, 3:59pm
163
A review of things you need to know before you sign off on Monday; another Notice Saver launches, PSI terrible, REINZ June data not much better, tractor sale dire, swaps stable, NZD eases, & more
Roger J Kerr says the monetary policy path ahead is looking considerably more certain in the US than it is here
15th Jul 24, 7:39am
3
Roger J Kerr says the monetary policy path ahead is looking considerably more certain in the US than it is here
Markets looked past strong US PPI data. UST 10-yr yields dipped below 4.2% a level which has contained the downside in recent months. The yield curve continued to steepen. The US dollar remained under pressure particularly against the yen
15th Jul 24, 7:31am
Markets looked past strong US PPI data. UST 10-yr yields dipped below 4.2% a level which has contained the downside in recent months. The yield curve continued to steepen. The US dollar remained under pressure particularly against the yen