OCR

Global bond yields extend higher on inflation concerns. 10-year US treasury yield reaches 4.60%. Higher rates undermine equities. S&P falls more than 1%. Brent crude trades above US$109 per barrel

Global bond yields extend higher on inflation concerns. 10-year US treasury yield reaches 4.60%. Higher rates undermine equities. S&P falls more than 1%. Brent crude trades above US$109 per barrel

After softer than expected April SPI figures, Westpac NZ economist says full impact of oil price rises yet to be felt through supply chain and a 'sharp rise' in inflation is still on the cards for the middle part of 2026

After softer than expected April SPI figures, Westpac NZ economist says full impact of oil price rises yet to be felt through supply chain and a 'sharp rise' in inflation is still on the cards for the middle part of 2026

Petrol and diesel prices surge, with Statistics NZ’s latest figures showing petrol prices jumped 34% over 2 months, with diesel prices up 95%

Petrol and diesel prices surge, with Statistics NZ’s latest figures showing petrol prices jumped 34% over 2 months, with diesel prices up 95%

US equities continue their record-breaking run, supported by retail sales data. There were no immediate market implications from the first day of the Trump-Xi summit. Oil prices are relatively steady

US equities continue their record-breaking run, supported by retail sales data. There were no immediate market implications from the first day of the Trump-Xi summit. Oil prices are relatively steady

Wholesale money markets are giving clear signals about where interest rates are heading. Until inflation is back within central bank targets, retail rates will rise

Wholesale money markets are giving clear signals about where interest rates are heading. Until inflation is back within central bank targets, retail rates will rise

S&P advances to another record high underpinned by technology stocks. US producer prices stronger than expected but has limited impact on rates markets

S&P advances to another record high underpinned by technology stocks. US producer prices stronger than expected but has limited impact on rates markets

Inflation expectations rise in RBNZ survey for the short and medium terms, dip in longer-term expectations

Inflation expectations rise in RBNZ survey for the short and medium terms, dip in longer-term expectations

Risk sentiment weaker; no fresh developments in the Middle East. Oil up. US CPI inflation up in April, which put upside pressure in US Treasury yields. Global forces drive up NZ rates

Risk sentiment weaker; no fresh developments in the Middle East. Oil up. US CPI inflation up in April, which put upside pressure in US Treasury yields. Global forces drive up NZ rates

Trump rejects Iran peace proposal. Brent crude settles around US$104, up 3% from last week's close. Global rates push higher with US 10-year rate at 4.40%. Little net change in G10 FX

Trump rejects Iran peace proposal. Brent crude settles around US$104, up 3% from last week's close. Global rates push higher with US 10-year rate at 4.40%. Little net change in G10 FX

US equities continue to push higher on solid labour market data. S&P500 trades to a fresh all time high. Brent crude stable near US$101 per barrel

US equities continue to push higher on solid labour market data. S&P500 trades to a fresh all time high. Brent crude stable near US$101 per barrel

Rally in risk risk-sensitive markets takes a breather after recent gains. Oil prices rebound on reports the US is looking to restart ship transits. US Treasury yields higher while currency markets subdued overall

Rally in risk risk-sensitive markets takes a breather after recent gains. Oil prices rebound on reports the US is looking to restart ship transits. US Treasury yields higher while currency markets subdued overall

Buoyant investor risk sentiment on hopes for an imminent end to the war supports global equities. S&P gains to a new record high. Oil prices sharply lower contributing to a rally across government bond markets

Buoyant investor risk sentiment on hopes for an imminent end to the war supports global equities. S&P gains to a new record high. Oil prices sharply lower contributing to a rally across government bond markets

US equities rebound on indications the US-Iran ceasefire remains in place despite recent clashes. Oil prices decline. Brent crude dips below US$110 per barrel. Treasury yields decline modestly

US equities rebound on indications the US-Iran ceasefire remains in place despite recent clashes. Oil prices decline. Brent crude dips below US$110 per barrel. Treasury yields decline modestly

Risk appetite soured overnight after reports of missile attacks in the Middle East, following Trump’s “Project Freedom” to help ships stuck in the region. Oil prices surged. Global rates are higher across the board; equities weaker

Risk appetite soured overnight after reports of missile attacks in the Middle East, following Trump’s “Project Freedom” to help ships stuck in the region. Oil prices surged. Global rates are higher across the board; equities weaker

Iran shows willingness to engage in talks and compromise, but Trump not satisfied with Iranian proposal; stalemate continues. Brent crude 5% lower at USD108, liking Iranian engagement; US equities rise to fresh record highs

Iran shows willingness to engage in talks and compromise, but Trump not satisfied with Iranian proposal; stalemate continues. Brent crude 5% lower at USD108, liking Iranian engagement; US equities rise to fresh record highs