NZ$
[updated]
A review of things you need to know before you sign off on Wednesday; a tweak up in home loan rates, a huge trade balance improvement, NZGBs popular at a price; swaps firm, NZD on hold, & more
24th Apr 24, 3:59pm
67
A review of things you need to know before you sign off on Wednesday; a tweak up in home loan rates, a huge trade balance improvement, NZGBs popular at a price; swaps firm, NZD on hold, & more
Investor risk appetite recovers underpinning global equities as market looks ahead to earnings reports from US Big Tech. Treasury yields fell alongside the US dollar, following weaker than expected preliminary US PMIs
24th Apr 24, 7:51am
Investor risk appetite recovers underpinning global equities as market looks ahead to earnings reports from US Big Tech. Treasury yields fell alongside the US dollar, following weaker than expected preliminary US PMIs
A review of things you need to know before you sign off on Tuesday; no retail rate changes, FHB affordability stabilises, RBNZ squares off against ComCom, cruel retail summer, swaps ease, NZD holds, & more
23rd Apr 24, 3:59pm
45
A review of things you need to know before you sign off on Tuesday; no retail rate changes, FHB affordability stabilises, RBNZ squares off against ComCom, cruel retail summer, swaps ease, NZD holds, & more
Risk appetite higher with US equities rebounding. Commodity currencies outperform. NZD consolidating above the 0.59 mark and flat to higher on the key major cross rates
23rd Apr 24, 7:47am
Risk appetite higher with US equities rebounding. Commodity currencies outperform. NZD consolidating above the 0.59 mark and flat to higher on the key major cross rates
A review of things you need to know before you sign off on Monday; business leaders 'optimistic', AirNZ profits retreat fast, banks told to police climate risks, hard to get out, swaps up, NZD up, & more
22nd Apr 24, 3:59pm
87
A review of things you need to know before you sign off on Monday; business leaders 'optimistic', AirNZ profits retreat fast, banks told to police climate risks, hard to get out, swaps up, NZD up, & more
Roger J. Kerr takes an experienced look behind the headlines of recent economic data to distill what the essential trends are telling him
22nd Apr 24, 8:15am
1
Roger J. Kerr takes an experienced look behind the headlines of recent economic data to distill what the essential trends are telling him
Investor risk sentiment recovered after Iran played down the damage following retaliatory strikes by Israel. Safe haven flows into US treasuries and defensive currencies reversed. NZD/USD recovered from 2024 lows but then lost traction
22nd Apr 24, 7:21am
Investor risk sentiment recovered after Iran played down the damage following retaliatory strikes by Israel. Safe haven flows into US treasuries and defensive currencies reversed. NZD/USD recovered from 2024 lows but then lost traction
A review of things you need to know before you sign off on Friday; SBS Bank's mortgage rate cut grabs attention, Fitch sees local big banks positively, Aussie business bankruptcies jump, swaps stable, NZD devalues, & more
19th Apr 24, 3:59pm
18
A review of things you need to know before you sign off on Friday; SBS Bank's mortgage rate cut grabs attention, Fitch sees local big banks positively, Aussie business bankruptcies jump, swaps stable, NZD devalues, & more
US equities down modestly; US Treasury yields have pushed higher, with a stronger Philly Fed survey and hawkish Fed-speak not helping
19th Apr 24, 7:31am
US equities down modestly; US Treasury yields have pushed higher, with a stronger Philly Fed survey and hawkish Fed-speak not helping
A review of things you need to know before you sign off on Thursday; a main bank trims TD rates, agent commissions stable, tractor sales very low, Tower's prospects improve, swaps hold, NZD firmish, & more
18th Apr 24, 3:59pm
42
A review of things you need to know before you sign off on Thursday; a main bank trims TD rates, agent commissions stable, tractor sales very low, Tower's prospects improve, swaps hold, NZD firmish, & more
Modest risk-off tone in the air; US equities weaker, US Treasury yields lower, credit spreads wider and oil prices weaker. NZD and AUD the best performers. Rates rise post-CPI
18th Apr 24, 7:50am
1
Modest risk-off tone in the air; US equities weaker, US Treasury yields lower, credit spreads wider and oil prices weaker. NZD and AUD the best performers. Rates rise post-CPI
A review of things you need to know before you sign off on Wednesday; house sales weaker than realtors want; inflation stickier than RBNZ wants, dairy prices hold; lakes fill up; swaps up, NZD recovers, & more
17th Apr 24, 3:59pm
76
A review of things you need to know before you sign off on Wednesday; house sales weaker than realtors want; inflation stickier than RBNZ wants, dairy prices hold; lakes fill up; swaps up, NZD recovers, & more
US Fed Chair Powell signals high rates for longer due to persistent inflation. 2-year US treasury yields reach 5%, the highest level since November. China set a weaker than expected daily yuan reference rate hurting commodity currencies
17th Apr 24, 8:02am
1
US Fed Chair Powell signals high rates for longer due to persistent inflation. 2-year US treasury yields reach 5%, the highest level since November. China set a weaker than expected daily yuan reference rate hurting commodity currencies
'Digital cash' could shore up monetary sovereignty, plus boost competition and innovation, the RBNZ says
17th Apr 24, 6:01am
50
'Digital cash' could shore up monetary sovereignty, plus boost competition and innovation, the RBNZ says
A review of things you need to know before you sign off on Tuesday; house buyers elusive, productivity retreats, eyes on CPI, Auckland bribery prosecuted, swaps up, NZD down, & more
16th Apr 24, 3:59pm
82
A review of things you need to know before you sign off on Tuesday; house buyers elusive, productivity retreats, eyes on CPI, Auckland bribery prosecuted, swaps up, NZD down, & more
Markets continue to trade with a cautious tone, with Israel vowing to retaliate against Iran’s weekend attack. US equities down about 1%; oil prices barely lower. US Treasury yields reach fresh 2024 highs
16th Apr 24, 7:51am
Markets continue to trade with a cautious tone, with Israel vowing to retaliate against Iran’s weekend attack. US equities down about 1%; oil prices barely lower. US Treasury yields reach fresh 2024 highs
A review of things you need to know before you sign off on Monday; net migration settles in high, service sector now contracting, strong tourism, swaps slip, NZD holds, & more
15th Apr 24, 4:00pm
84
A review of things you need to know before you sign off on Monday; net migration settles in high, service sector now contracting, strong tourism, swaps slip, NZD holds, & more
Roger J. Kerr sees another bout of US dollar strength as markets re-price Fed interest rate cuts. But will the higher US inflation continue?, he asks
15th Apr 24, 7:43am
2
Roger J. Kerr sees another bout of US dollar strength as markets re-price Fed interest rate cuts. But will the higher US inflation continue?, he asks
Investor risk aversion weighed on growth sensitive assets at end of last week amid concern about escalating hostilities. The S&P fell -1.5%, while US Treasuries and the US dollar rallied. The NZD was amongst the weakest developed market currencies
15th Apr 24, 7:26am
2
Investor risk aversion weighed on growth sensitive assets at end of last week amid concern about escalating hostilities. The S&P fell -1.5%, while US Treasuries and the US dollar rallied. The NZD was amongst the weakest developed market currencies
[updated]
A review of things you need to know before you sign off on Friday; inflation proving stickier than expected; both retail and factories in severe downturns, OCR cut prospects fade, swaps up, NZD up, & more
12th Apr 24, 3:58pm
83
A review of things you need to know before you sign off on Friday; inflation proving stickier than expected; both retail and factories in severe downturns, OCR cut prospects fade, swaps up, NZD up, & more
US equities bounce back. US Treasury yields show only small movements, with a modestly steeper curve. Little impact from the ECB's in-line policy update
12th Apr 24, 7:50am
US equities bounce back. US Treasury yields show only small movements, with a modestly steeper curve. Little impact from the ECB's in-line policy update
[updated]
A review of things you need to know before you sign off on Thursday; rents rise, per capita activity slips, GHGs fall (slightly), strong NZGB demand, scrum screwed, swaps jump, NZD eases, & more
11th Apr 24, 3:59pm
47
A review of things you need to know before you sign off on Thursday; rents rise, per capita activity slips, GHGs fall (slightly), strong NZGB demand, scrum screwed, swaps jump, NZD eases, & more
Stronger than expected US CPI data prompted large moves across global asset markets. The S&P is down more than 1%. US treasury yields surged with big gains for the US dollar. The RBNZ decision had limited market reaction
11th Apr 24, 8:05am
Stronger than expected US CPI data prompted large moves across global asset markets. The S&P is down more than 1%. US treasury yields surged with big gains for the US dollar. The RBNZ decision had limited market reaction
A review of things you need to know before you sign off on Wednesday; no retail rate changes, no OCR change, more here on work visas, job ad levels ease, consumer card activity soft, swaps soft, NZD firm, & more
10th Apr 24, 3:59pm
33
A review of things you need to know before you sign off on Wednesday; no retail rate changes, no OCR change, more here on work visas, job ad levels ease, consumer card activity soft, swaps soft, NZD firm, & more
[updated]
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
10th Apr 24, 2:36pm
129
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024