OCR
US equities ended last week on a soft note led by technology stocks. US inflation expectations fell more than expected. Better then expected activity data in China provided a temporary boost for Australasian currencies
18th Sep 23, 7:45am
US equities ended last week on a soft note led by technology stocks. US inflation expectations fell more than expected. Better then expected activity data in China provided a temporary boost for Australasian currencies
US economic data play to soft landing narrative. Oil prices continue to rise. US Treasury yields push higher. EUR and GBP weaker after ECB's dovish hike
15th Sep 23, 7:56am
1
US economic data play to soft landing narrative. Oil prices continue to rise. US Treasury yields push higher. EUR and GBP weaker after ECB's dovish hike
Response across financial markets to higher US CPI was largely subdued. Eurozone Industrial production fell. The UK economy contracted more than expected
14th Sep 23, 7:52am
1
Response across financial markets to higher US CPI was largely subdued. Eurozone Industrial production fell. The UK economy contracted more than expected
Oil prices up to a 10-month high on signs of a tightening market. Global rates well contained ahead of key US CPI data tonight, with higher petrol prices likely to push inflation higher
13th Sep 23, 7:46am
1
Oil prices up to a 10-month high on signs of a tightening market. Global rates well contained ahead of key US CPI data tonight, with higher petrol prices likely to push inflation higher
Bank of Japan comments drive stronger yen and 10-year JGB yield to highest level since 2014. Not coincidentally, PBoC sets a much stronger CNY fix. Positive spillover effects for NZD and AUD
12th Sep 23, 7:40am
Bank of Japan comments drive stronger yen and 10-year JGB yield to highest level since 2014. Not coincidentally, PBoC sets a much stronger CNY fix. Positive spillover effects for NZD and AUD
US treasury yields moved higher supporting the US Dollar which rose for the eighth straight week, its longest run since 2005. China consumer prices increased 0.1% y/y in August. Although China edged out of deflation, soft pricing pressures point to weak d
11th Sep 23, 7:24am
US treasury yields moved higher supporting the US Dollar which rose for the eighth straight week, its longest run since 2005. China consumer prices increased 0.1% y/y in August. Although China edged out of deflation, soft pricing pressures point to weak d
Global rates lower across the board, lower than expected US jobless claims data. The yuan weakens to a 16-year low; no spillover for NZD and AUD which hold up against robust USD. EUR and GBP fall to three-month lows; JPY supported by lower rates backdrop
8th Sep 23, 7:50am
Global rates lower across the board, lower than expected US jobless claims data. The yuan weakens to a 16-year low; no spillover for NZD and AUD which hold up against robust USD. EUR and GBP fall to three-month lows; JPY supported by lower rates backdrop
Squirrel's David Cunningham explains how interest rates are set and how banks have been able to boost their margins by about 20%
7th Sep 23, 2:14pm
11
Squirrel's David Cunningham explains how interest rates are set and how banks have been able to boost their margins by about 20%
The ISM US services sector survey was stronger than expected. US treasuries extended the recent move higher. The Bank of Canada held rates steady. Asian policy makers have been pushing back against currency weakness
7th Sep 23, 8:06am
The ISM US services sector survey was stronger than expected. US treasuries extended the recent move higher. The Bank of Canada held rates steady. Asian policy makers have been pushing back against currency weakness
New Zealand banks need to do right by their customers, and it starts with dropping mortgage rates, David Cunningham argues
7th Sep 23, 8:00am
98
New Zealand banks need to do right by their customers, and it starts with dropping mortgage rates, David Cunningham argues
Weak China Caixin services PMI triggers fall in Asia-Pacific currencies and broad USD strength. Oil prices up to fresh high for the year on extended production/export cuts. GDT dairy auction shows a rare lift in pricing
6th Sep 23, 7:55am
6
Weak China Caixin services PMI triggers fall in Asia-Pacific currencies and broad USD strength. Oil prices up to fresh high for the year on extended production/export cuts. GDT dairy auction shows a rare lift in pricing
BNZ economists had expected continued improvement in housing affordability but now say any improvement next year will be 'glacial' and affordability will start to deteriorate again in 2025
5th Sep 23, 9:52am
24
BNZ economists had expected continued improvement in housing affordability but now say any improvement next year will be 'glacial' and affordability will start to deteriorate again in 2025
Early signs of recovery in Beijing and Shanghai property markets after policy easing. US equity futures down a touch; US Treasury futures point to small lift in rates
5th Sep 23, 7:46am
Early signs of recovery in Beijing and Shanghai property markets after policy easing. US equity futures down a touch; US Treasury futures point to small lift in rates
Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%
4th Sep 23, 9:51am
6
Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%
The US labour market report provided further evidence their economy is on track for ‘soft landing’. US treasury yields moved higher lending support to the US Dollar. Crude oil prices now at highest level since November as supplies tighten
4th Sep 23, 7:30am
The US labour market report provided further evidence their economy is on track for ‘soft landing’. US treasury yields moved higher lending support to the US Dollar. Crude oil prices now at highest level since November as supplies tighten
Global rates push lower, led by European yields as some tightening priced in is pared back. New policies announced to help revive China's property market. CNY and JPY stronger, EUR and GBP weaker; NZD and AUD range-trade
1st Sep 23, 7:59am
Global rates push lower, led by European yields as some tightening priced in is pared back. New policies announced to help revive China's property market. CNY and JPY stronger, EUR and GBP weaker; NZD and AUD range-trade
Latest RBNZ figures show that specific mortgage loan impairments rose 12.1% in the past month, while total non-performing mortgage loans were up 5.6%
31st Aug 23, 4:12pm
31
Latest RBNZ figures show that specific mortgage loan impairments rose 12.1% in the past month, while total non-performing mortgage loans were up 5.6%
Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs
31st Aug 23, 2:21pm
19
Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs
Softer than expected US economic data increased expectations of the Fed remaining on hold in September which underpinned equities and contributed to lower treasury yields
31st Aug 23, 7:58am
Softer than expected US economic data increased expectations of the Fed remaining on hold in September which underpinned equities and contributed to lower treasury yields
US data much weaker than expected, showing much easier labour market conditions and lower consumer confidence. Markets cheer the data, reducing pricing for further rate hikes; US Treasury yields fall significantly
30th Aug 23, 7:45am
US data much weaker than expected, showing much easier labour market conditions and lower consumer confidence. Markets cheer the data, reducing pricing for further rate hikes; US Treasury yields fall significantly
'While there are risks on both sides of our house price forecast, we think the near-term skew is to the upside'
29th Aug 23, 2:50pm
62
'While there are risks on both sides of our house price forecast, we think the near-term skew is to the upside'
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
29th Aug 23, 11:37am
66
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
Global risk sentiment supported by China's measures to "invigorate capital markets and boost investor activity". Global equities push higher; UST yields well contained, modestly lower
29th Aug 23, 7:34am
Global risk sentiment supported by China's measures to "invigorate capital markets and boost investor activity". Global equities push higher; UST yields well contained, modestly lower
Powell commits to restrictive policy until inflation beaten. Little market reaction. Lagarde says ECB will also stay restrictive
28th Aug 23, 7:20am
Powell commits to restrictive policy until inflation beaten. Little market reaction. Lagarde says ECB will also stay restrictive
US initial jobless claims data in sign of lingering labour market reslience. US Treasury yields higher, US equities lower and broad-based recovery in the USD
25th Aug 23, 8:03am
US initial jobless claims data in sign of lingering labour market reslience. US Treasury yields higher, US equities lower and broad-based recovery in the USD