OCR
PMIs pointed to resilient activity, with stronger US services and an improved Eurozone manufacturing signal supporting risk sentiment. Precious metals extended recent gains, while Brent crude reached a one-month high
PMIs pointed to resilient activity, with stronger US services and an improved Eurozone manufacturing signal supporting risk sentiment. Precious metals extended recent gains, while Brent crude reached a one-month high
US Treasury yields rebounded, led by the long end, as investors looked through Treasury buyback plans. Oil rose to its highest level in almost a month
US Treasury yields rebounded, led by the long end, as investors looked through Treasury buyback plans. Oil rose to its highest level in almost a month
Reports that the US Treasury plans to increase longer-dated buybacks contributed to a sharp fall in 30-year yields. The US dollar fell to its lowest level since May
Reports that the US Treasury plans to increase longer-dated buybacks contributed to a sharp fall in 30-year yields. The US dollar fell to its lowest level since May
Global long-term rates reach fresh multi-decade highs; US 30-year rate reaches 5.34% but then retraces. Global equity markets weighed by rates backdrop. Brent crude steady around USD91 per barrel. Trump admits there are no talks to resolve the stalemate
Global long-term rates reach fresh multi-decade highs; US 30-year rate reaches 5.34% but then retraces. Global equity markets weighed by rates backdrop. Brent crude steady around USD91 per barrel. Trump admits there are no talks to resolve the stalemate
Oil prices are higher after Iranian TV confirmed the seizure of an oil tanker in the Strait of Hormuz. Global bond markets continue to trade heavily, with long-end rates in the US, Germany and Japan reaching fresh multi-decade highs
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Oil prices are higher after Iranian TV confirmed the seizure of an oil tanker in the Strait of Hormuz. Global bond markets continue to trade heavily, with long-end rates in the US, Germany and Japan reaching fresh multi-decade highs
ASB senior economist Mark Smith says the latest Selected Price Indexes give some comfort inflation is moderating from its 4.1% peak
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ASB senior economist Mark Smith says the latest Selected Price Indexes give some comfort inflation is moderating from its 4.1% peak
Statistics NZ's latest Selected Price Indexes show petrol and diesel prices decreasing month-on-month, but airfares surging with domestic airfares up 21% month-on-month
Statistics NZ's latest Selected Price Indexes show petrol and diesel prices decreasing month-on-month, but airfares surging with domestic airfares up 21% month-on-month
US retail sales and consumer sentiment were weaker than expected. The post-data US Treasury rally reversed, with 10-year yields ending near 4.70%. Long ends of European curves come under pressure
US retail sales and consumer sentiment were weaker than expected. The post-data US Treasury rally reversed, with 10-year yields ending near 4.70%. Long ends of European curves come under pressure
Benign US PPI data supported lower US rates and helped US equities reach a fresh record high; market now pricing just 23 bps of Fed hikes this year. No breaking news on the Middle East, but oil prices lower
Benign US PPI data supported lower US rates and helped US equities reach a fresh record high; market now pricing just 23 bps of Fed hikes this year. No breaking news on the Middle East, but oil prices lower
US CPI figures for July bang in line with consensus, no smoking gun for Fed September rate hike. Currencies well contained, although some NZD underperformance evident following failed leadership coup
US CPI figures for July bang in line with consensus, no smoking gun for Fed September rate hike. Currencies well contained, although some NZD underperformance evident following failed leadership coup
Mixed headlines on the Middle East; oil up over 1%. US Treasuries little changed just under 4.7% ahead of key US CPI data tonight. RBA on hold with tightening bias as expected; net market reaction not material
Mixed headlines on the Middle East; oil up over 1%. US Treasuries little changed just under 4.7% ahead of key US CPI data tonight. RBA on hold with tightening bias as expected; net market reaction not material
Regarding a deal to reopen the Strait of Hormuz, no news is bad news; oil prices up for a fourth consecutive day, driving up global rates. Yen weakening further as the effect of US intervention continues to fade
Regarding a deal to reopen the Strait of Hormuz, no news is bad news; oil prices up for a fourth consecutive day, driving up global rates. Yen weakening further as the effect of US intervention continues to fade
A large downside surprise in US payrolls reduced expectations for a September Fed rate hike. An initial rally in US Treasuries faded. The data brought a broad-based fall in the US dollar, with the NZD pushing up. Gold prices extended recent gains
A large downside surprise in US payrolls reduced expectations for a September Fed rate hike. An initial rally in US Treasuries faded. The data brought a broad-based fall in the US dollar, with the NZD pushing up. Gold prices extended recent gains
Oil prices rose steadily on widening Middle East conflict and more details on the Iran-Oman "deal" on the Strait of Hormuz; Brent crude back up towards US$83. US Treasury yields rose in concert. Yen under pressure again
Oil prices rose steadily on widening Middle East conflict and more details on the Iran-Oman "deal" on the Strait of Hormuz; Brent crude back up towards US$83. US Treasury yields rose in concert. Yen under pressure again
US equities consolidate near record highs. Oil prices were stable on signs of deal to reopen Hormuz. Gold prices surge more than 4%
US equities consolidate near record highs. Oil prices were stable on signs of deal to reopen Hormuz. Gold prices surge more than 4%