NZ$
Influential RBNZ survey gives an effective green light to interest rate reductions with expectations of inflation from one to 10-year's time all falling markedly and towards the RBNZ's goal
8th Aug 24, 3:18pm
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Influential RBNZ survey gives an effective green light to interest rate reductions with expectations of inflation from one to 10-year's time all falling markedly and towards the RBNZ's goal
Risk appetite recover further, although risks remain and US equities gains have morphed into losses. US Treasury yields have pushed higher and the NZD has outperformed
8th Aug 24, 7:42am
Risk appetite recover further, although risks remain and US equities gains have morphed into losses. US Treasury yields have pushed higher and the NZD has outperformed
A review of things you need to know before you sign off on Wednesday; only small retail rate changes today, jobs data not as tough as expected, dairy prices hold, swap rates rise sharply, NZD rises too, & more
7th Aug 24, 3:59pm
85
A review of things you need to know before you sign off on Wednesday; only small retail rate changes today, jobs data not as tough as expected, dairy prices hold, swap rates rise sharply, NZD rises too, & more
Risk appetite returned, with global equities rebounding, UST yields higher, the yen falling and commodity currencies outperforming. A more hawkish than expected update by the RBA. Key NZ labour market data out today to show further deterioration
7th Aug 24, 7:50am
8
Risk appetite returned, with global equities rebounding, UST yields higher, the yen falling and commodity currencies outperforming. A more hawkish than expected update by the RBA. Key NZ labour market data out today to show further deterioration
[updated]
A review of things you need to know before you sign off on Tuesday; some big retail rate changes, auctions draw more bidders, long ban, eyes on HLFS and RBA, swaps stop falling, NZD holds, & more
6th Aug 24, 3:59pm
91
A review of things you need to know before you sign off on Tuesday; some big retail rate changes, auctions draw more bidders, long ban, eyes on HLFS and RBA, swaps stop falling, NZD holds, & more
[updated]
'We strongly believe the Reserve Bank should be easing monetary policy as soon as possible. Indeed, we are on record as having said that it should already have done so'
6th Aug 24, 10:05am
125
'We strongly believe the Reserve Bank should be easing monetary policy as soon as possible. Indeed, we are on record as having said that it should already have done so'
Rising risk aversion dominates global markets. The VIX index reached a 4-year high. A recovery in the US services ISM helped assuage some concerns about the economic slowdown
6th Aug 24, 7:45am
1
Rising risk aversion dominates global markets. The VIX index reached a 4-year high. A recovery in the US services ISM helped assuage some concerns about the economic slowdown
A review of things you need to know before you sign off on Monday; only minor retail rate changes, Barfoot volumes up while prices drop, cold snap jerks power prices up, some equity markets roiled, swaps down, NZD holds, & more
5th Aug 24, 3:59pm
161
A review of things you need to know before you sign off on Monday; only minor retail rate changes, Barfoot volumes up while prices drop, cold snap jerks power prices up, some equity markets roiled, swaps down, NZD holds, & more
Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%
5th Aug 24, 9:54am
47
Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%
Roger J Kerr says the full extent of the USD depreciation has not (yet) been reflected in the NZD/USD exchange rate
5th Aug 24, 8:44am
Roger J Kerr says the full extent of the USD depreciation has not (yet) been reflected in the NZD/USD exchange rate
Risk off tone across global markets intensified following soft US labour market data. UST yields declined sharply as the market priced a more aggressive easing cycle by the Fed. Oil prices fell despite rising geopolitical risks
5th Aug 24, 7:38am
Risk off tone across global markets intensified following soft US labour market data. UST yields declined sharply as the market priced a more aggressive easing cycle by the Fed. Oil prices fell despite rising geopolitical risks
[updated]
A review of things you need to know before you sign off on Friday; no retail rate changes, car sales not as weak as expected, Du Val receivership, house sellers capitulate, eyes on electricity market issues, swaps lower, NZD stable, & more
2nd Aug 24, 3:59pm
108
A review of things you need to know before you sign off on Friday; no retail rate changes, car sales not as weak as expected, Du Val receivership, house sellers capitulate, eyes on electricity market issues, swaps lower, NZD stable, & more
Risk appetite fell after weaker than expected US economic data on the labour market and manufacturing sector. US equities have fallen significantly, and the US 10-year Treasury yield has fallen below 4%
2nd Aug 24, 7:42am
Risk appetite fell after weaker than expected US economic data on the labour market and manufacturing sector. US equities have fallen significantly, and the US 10-year Treasury yield has fallen below 4%
A review of things you need to know before you sign off on Thursday; inventory of houses for sale swells, CoreLogic sees price drops, bad mortgage debt levels off, NZGBs very popular, swaps stable, NZD firm, & more
1st Aug 24, 3:59pm
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A review of things you need to know before you sign off on Thursday; inventory of houses for sale swells, CoreLogic sees price drops, bad mortgage debt levels off, NZGBs very popular, swaps stable, NZD firm, & more
September rate cuts in the United States could make it easier for the Reserve Bank to lower interest rates as well
1st Aug 24, 1:56pm
29
September rate cuts in the United States could make it easier for the Reserve Bank to lower interest rates as well
The US Federal Reserve left rates unchanged as expected but softened its language on inflation and signaled it is getting closer to lowering rates. Global equity markets staged a strong rally while global bond yields are generally lower outside of Japan
1st Aug 24, 7:42am
The US Federal Reserve left rates unchanged as expected but softened its language on inflation and signaled it is getting closer to lowering rates. Global equity markets staged a strong rally while global bond yields are generally lower outside of Japan
NZ Banking Association pushes back against RBNZ central bank digital currency proposal, raising financial stability concerns
1st Aug 24, 5:00am
19
NZ Banking Association pushes back against RBNZ central bank digital currency proposal, raising financial stability concerns
[updated]
A review of things you need to know before you sign off on Wednesday; more rate cuts, steep drop in building permits, surprise rise in business sentiment, loan demand uninspiring, households shift to TDs, swaps slip, NZD firms, & more
31st Jul 24, 3:59pm
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A review of things you need to know before you sign off on Wednesday; more rate cuts, steep drop in building permits, surprise rise in business sentiment, loan demand uninspiring, households shift to TDs, swaps slip, NZD firms, & more
Lower tech stocks have driven US equities down while UST yields are lower, ignoring slightly stronger than expected US JOLTs data and consumer confidence. JPY strengthened after report that the BoJ will consider a hike at today’s meeting
31st Jul 24, 7:56am
Lower tech stocks have driven US equities down while UST yields are lower, ignoring slightly stronger than expected US JOLTs data and consumer confidence. JPY strengthened after report that the BoJ will consider a hike at today’s meeting
[updated]
A review of things you need to know before you sign off on Tuesday; FMA & ComCom issue warnings rather than penalties, Air NZ dumps 2030 carbon target, new carbon price chart, markets await Aussie CPI data, swaps soft, NZD holds, & more
30th Jul 24, 3:59pm
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A review of things you need to know before you sign off on Tuesday; FMA & ComCom issue warnings rather than penalties, Air NZ dumps 2030 carbon target, new carbon price chart, markets await Aussie CPI data, swaps soft, NZD holds, & more
US equities are flat, global rates are down slightly and the USD is slightly stronger. Oil prices continue to trend lower, with Brent crude down 2% to slip to a 7-week low below USD80
30th Jul 24, 7:40am
US equities are flat, global rates are down slightly and the USD is slightly stronger. Oil prices continue to trend lower, with Brent crude down 2% to slip to a 7-week low below USD80
A review of things you need to know before you sign off on Monday; filled jobs slip lower, farmers unhappy, schedules rise, FBU takes another hit, Comvita disappoints, swaps hold, NZD holds, & more
29th Jul 24, 4:00pm
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A review of things you need to know before you sign off on Monday; filled jobs slip lower, farmers unhappy, schedules rise, FBU takes another hit, Comvita disappoints, swaps hold, NZD holds, & more
Kiwibank economists believe the Reserve Bank is set to do a big about-face with its Official Cash Rate forecasts
29th Jul 24, 2:06pm
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Kiwibank economists believe the Reserve Bank is set to do a big about-face with its Official Cash Rate forecasts
Roger J Kerr says the Yen carry-trade unwinding may have run its course, meaning expectation is the Kiwi and Australian dollars should stabilise and reverse back upwards over coming weeks
29th Jul 24, 8:46am
Roger J Kerr says the Yen carry-trade unwinding may have run its course, meaning expectation is the Kiwi and Australian dollars should stabilise and reverse back upwards over coming weeks
US treasury yields fell across the curve supported by weakening consumption and benign inflation data. Currency markets were subdued. S&P500 makes partial recovery
29th Jul 24, 7:29am
US treasury yields fell across the curve supported by weakening consumption and benign inflation data. Currency markets were subdued. S&P500 makes partial recovery
