[Updated]
23rd Apr 21, 3:59pm
A review of things you need to know before you go home on Friday; mortgage rate changes, higher credit card use, lower balances, credit conditions easier, swaps stable, NZD soft, bitcoin slumps, & more
[Updated]
A review of things you need to know before you go home on Friday; mortgage rate changes, higher credit card use, lower balances, credit conditions easier, swaps stable, NZD soft, bitcoin slumps, & more
23rd Apr 21, 7:56am
Equities fall after reports that Biden will hike capital gains tax. Little change in global rates. ECB President Lagarde pushes back at taper talk. More cautious risk appetite sees USD stronger
Equities fall after reports that Biden will hike capital gains tax. Little change in global rates. ECB President Lagarde pushes back at taper talk. More cautious risk appetite sees USD stronger
23rd Apr 21, 7:23am
US jobless claims fall; US economic activity rises; debt premiums shrink; ECB far from tapering; big but variable climate commitments; APRA says ditch some clients; UST 10yr at 1.55%; oil flat and gold down; NZ$1 = 71.6 USc; TWI-5 = 73.5
US jobless claims fall; US economic activity rises; debt premiums shrink; ECB far from tapering; big but variable climate commitments; APRA says ditch some clients; UST 10yr at 1.55%; oil flat and gold down; NZ$1 = 71.6 USc; TWI-5 = 73.5
22nd Apr 21, 3:59pm
A review of things you need to know before you go home on Thursday; RBNZ independence under review, deposit insurance change, NZGB tender well supported, swaps slip, NZD firm, & more
A review of things you need to know before you go home on Thursday; RBNZ independence under review, deposit insurance change, NZGB tender well supported, swaps slip, NZD firm, & more
22nd Apr 21, 7:43am
Equity markets higher overnight, rates track sideways. Bank of Canada tapers QE, expects conditions for rate hikes to be met in H2 2022. CAD up almost 1%, dragging up NZD and AUD
Equity markets higher overnight, rates track sideways. Bank of Canada tapers QE, expects conditions for rate hikes to be met in H2 2022. CAD up almost 1%, dragging up NZD and AUD
22nd Apr 21, 7:19am
UST auction demand softens; Canadian inflation up; Emirates airline running out of cash; iron ore prices rise; Australia cancels China's local B&R deals; UST 10yr at 1.57%; oil down and gold up; NZ$1 = 72.1 USc; TWI-5 = 73.9
UST auction demand softens; Canadian inflation up; Emirates airline running out of cash; iron ore prices rise; Australia cancels China's local B&R deals; UST 10yr at 1.57%; oil down and gold up; NZ$1 = 72.1 USc; TWI-5 = 73.9
21st Apr 21, 3:59pm
A review of things you need to know before you go home on Wednesday; new home loan option, CPI up, dairy prices hold, Moody's impressed, tractor drought, swaps slip, NZD holds, & more
A review of things you need to know before you go home on Wednesday; new home loan option, CPI up, dairy prices hold, Moody's impressed, tractor drought, swaps slip, NZD holds, & more
21st Apr 21, 11:13am
Statistics New Zealand says the Consumers Price Index rose 0.8% in the March quarter, giving annual inflation of 1.5%; result in line with market forecasts, though lower than the Reserve Bank expected
Statistics New Zealand says the Consumers Price Index rose 0.8% in the March quarter, giving annual inflation of 1.5%; result in line with market forecasts, though lower than the Reserve Bank expected
21st Apr 21, 7:54am
Markets trade with a more cautious tone. Equities and bond yields fall, USD appreciates. NZD breaks above 0.72 yesterday, but back at 0.7170 now. NZ CPI today and Bank of Canada meeting tonight
Markets trade with a more cautious tone. Equities and bond yields fall, USD appreciates. NZD breaks above 0.72 yesterday, but back at 0.7170 now. NZ CPI today and Bank of Canada meeting tonight
21st Apr 21, 7:21am
Dairy prices flat, China struggles with food security; IEA sees rising C02; RBA sees no long-term pandemic damage; UST 10yr at 1.56%; oil soft and gold steady; NZ$1 = 71.8 USc; TWI-5 = 73.6
Dairy prices flat, China struggles with food security; IEA sees rising C02; RBA sees no long-term pandemic damage; UST 10yr at 1.56%; oil soft and gold steady; NZ$1 = 71.8 USc; TWI-5 = 73.6
20th Apr 21, 3:59pm
A review of things you need to know before you go home on Tuesday; mortgage rate changes, realtor commission gusher, eyes on dairy auction, Yellen-Robertson talk, swaps firm, NZD up, & more
A review of things you need to know before you go home on Tuesday; mortgage rate changes, realtor commission gusher, eyes on dairy auction, Yellen-Robertson talk, swaps firm, NZD up, & more
20th Apr 21, 7:53am
USD remains under pressure. EUR breaks above 1.20, NZD approaches 0.72. Equities pull back, global rates drift higher
USD remains under pressure. EUR breaks above 1.20, NZD approaches 0.72. Equities pull back, global rates drift higher
20th Apr 21, 7:23am
US debt growth mirrors China's; Canada & Australia in new housebuilding boom; Japanese exports shine; China travel recovers; UN warns on climate consequences; UST 10yr at 1.60%; oil and gold steady; NZ$1 = 71.8 USc; TWI-5 = 73.5
US debt growth mirrors China's; Canada & Australia in new housebuilding boom; Japanese exports shine; China travel recovers; UN warns on climate consequences; UST 10yr at 1.60%; oil and gold steady; NZ$1 = 71.8 USc; TWI-5 = 73.5
19th Apr 21, 3:59pm
A review of things you need to know before you go home on Monday; service sector expanding again, Auckland auction activity slows sharply, bitcoin recovers partly, swaps and NZD unchanged, & more
A review of things you need to know before you go home on Monday; service sector expanding again, Auckland auction activity slows sharply, bitcoin recovers partly, swaps and NZD unchanged, & more
19th Apr 21, 11:35am
Economists see short term inflationary pressures due to one-off costs, but expect these to recede as the year goes on and see little imminent need for interest rate rises
Economists see short term inflationary pressures due to one-off costs, but expect these to recede as the year goes on and see little imminent need for interest rate rises
19th Apr 21, 8:45am
Roger J Kerr says the contrast between the current US and New Zealand economic trends is stark, worrying and negative for the NZ dollar
Roger J Kerr says the contrast between the current US and New Zealand economic trends is stark, worrying and negative for the NZ dollar
19th Apr 21, 7:49am
NZD and AUD ease back on Friday after a strong week. Not much market-moving news on Friday. Equities continue to grind higher, USD lower. US rates stabilise
NZD and AUD ease back on Friday after a strong week. Not much market-moving news on Friday. Equities continue to grind higher, USD lower. US rates stabilise
19th Apr 21, 7:19am
China records strong recovery, but powered by dirty energy, debt; US economic confidence higher; Fed eyes tapering; global pandemic not easing; UST 10yr at 1.59%; oil steady, gold up; NZ$1 = 71.5 USc; TWI-5 = 73.4; bitcoin slumps
China records strong recovery, but powered by dirty energy, debt; US economic confidence higher; Fed eyes tapering; global pandemic not easing; UST 10yr at 1.59%; oil steady, gold up; NZ$1 = 71.5 USc; TWI-5 = 73.4; bitcoin slumps
17th Apr 21, 8:43am
Strong US economic data boosts consumer sentiment; China turns in good Q1 results; commodity prices rise; China eyes large gold imports; UST 10yr at 1.59%; oil steady, gold up; NZ$1 = 71.4 USc; TWI-5 = 73.4
Strong US economic data boosts consumer sentiment; China turns in good Q1 results; commodity prices rise; China eyes large gold imports; UST 10yr at 1.59%; oil steady, gold up; NZ$1 = 71.4 USc; TWI-5 = 73.4
16th Apr 21, 3:58pm
A review of things you need to know before you go home on Friday: Third Pfizer/BioNTech vaccine dose may be needed, new order boost for manufacturers, govt trumpets subsidised Amazon deal
A review of things you need to know before you go home on Friday: Third Pfizer/BioNTech vaccine dose may be needed, new order boost for manufacturers, govt trumpets subsidised Amazon deal
16th Apr 21, 7:20am
US retail sales sizzle; American job claims plummet; Canada's economy struggling; UST 10yr at 1.55%; oil steady, gold up; NZ$1 = 71.7 USc; TWI-5 = 73.7
US retail sales sizzle; American job claims plummet; Canada's economy struggling; UST 10yr at 1.55%; oil steady, gold up; NZ$1 = 71.7 USc; TWI-5 = 73.7
16th Apr 21, 7:13am
Very strong economic data over the past 24 hours. Yet global rates tumble; US 10-year -10bps to 1.53%. Lower rates and strong data a goldilocks combination for equities; new highs for S&P500.
Very strong economic data over the past 24 hours. Yet global rates tumble; US 10-year -10bps to 1.53%. Lower rates and strong data a goldilocks combination for equities; new highs for S&P500.
[Updated]
15th Apr 21, 4:00pm
A review of things you need to know before you go home on Thursday: House prices in the stratosphere as S&P sees an orderly unwinding, ASB restates capital ratios, Westpac's windfall & more
[Updated]
A review of things you need to know before you go home on Thursday: House prices in the stratosphere as S&P sees an orderly unwinding, ASB restates capital ratios, Westpac's windfall & more
15th Apr 21, 7:28am
US earnings season off to a strong start. UST yields push higher; Oil prices up 4-5%. No market reaction to as-expected RBNZ MPR.
US earnings season off to a strong start. UST yields push higher; Oil prices up 4-5%. No market reaction to as-expected RBNZ MPR.
15th Apr 21, 7:20am
Fed says US recovery 'accelerated'; Powell says 'taper' will come before rate rises; Coinbase lists; UST 10yr at 1.64%; oil much firmer, gold down; NZ$1 = 71.5 USc; TWI-5 = 73.5
Fed says US recovery 'accelerated'; Powell says 'taper' will come before rate rises; Coinbase lists; UST 10yr at 1.64%; oil much firmer, gold down; NZ$1 = 71.5 USc; TWI-5 = 73.5
