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US Fed

US equities plunge on weak retailer earning reports; S&P500 down 4%. Market waking up to the damage that high inflation can inflict. NZ Budget today; expecting looser fiscal policy and increased bond tender program
19th May 22, 7:57am
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US equities plunge on weak retailer earning reports; S&P500 down 4%. Market waking up to the damage that high inflation can inflict. NZ Budget today; expecting looser fiscal policy and increased bond tender program
US CPI inflation stronger than expected, generating some market volatility resulting in lower US equity markets, flatter US yield curve. Brexit risks re-emerge
12th May 22, 7:56am
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US CPI inflation stronger than expected, generating some market volatility resulting in lower US equity markets, flatter US yield curve. Brexit risks re-emerge
Australian CPI blows past expectations and markets expect an RBA hike next week. NZD and AUD hold up relatively well. NZ 2-year swap rate continues to push relentlessly higher
28th Apr 22, 7:56am
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Australian CPI blows past expectations and markets expect an RBA hike next week. NZD and AUD hold up relatively well. NZ 2-year swap rate continues to push relentlessly higher
Global rates sharply lower and the USD broadly weaker in partial reversal. Canada CPI blows past expectations; market pricing a small chance of 75bps BoC hike in June
21st Apr 22, 7:56am
2
Global rates sharply lower and the USD broadly weaker in partial reversal. Canada CPI blows past expectations; market pricing a small chance of 75bps BoC hike in June
RBNZ and Bank of Canada both hike by 50bps. RBNZ statement fails to meet very elevated market expectations, seeing big falls in NZ rates and the NZD. Global bonds show further signs of stabilising
14th Apr 22, 7:44am
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RBNZ and Bank of Canada both hike by 50bps. RBNZ statement fails to meet very elevated market expectations, seeing big falls in NZ rates and the NZD. Global bonds show further signs of stabilising
Global bond sell-off continues - US 10-year hits fresh 3-year high. FOMC minutes flag 50bps hike risk and aggressive quantitative tightening. USD stronger amid more cautious risk appetite
7th Apr 22, 7:45am
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Global bond sell-off continues - US 10-year hits fresh 3-year high. FOMC minutes flag 50bps hike risk and aggressive quantitative tightening. USD stronger amid more cautious risk appetite
USD broadly weaker overnight, seeing NZD push up towards 70 USc. Curve flattening continues in the NZ rates market
31st Mar 22, 7:55am
5
USD broadly weaker overnight, seeing NZD push up towards 70 USc. Curve flattening continues in the NZ rates market
Global rates lower after recent surge higher. Strong gains in oil prices and metals drive AUD to almost 75 USc. NZD/JPY and NZ 2 year swap rate hit highest levels in nearly 7 years
24th Mar 22, 7:49am
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Global rates lower after recent surge higher. Strong gains in oil prices and metals drive AUD to almost 75 USc. NZD/JPY and NZ 2 year swap rate hit highest levels in nearly 7 years
Chinese government shows support for economy and stockmarket. Fed delivers 25bps hike and hawkish rate projections, with 7 hikes this year and a chance of 50bps moves
17th Mar 22, 7:58am
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Chinese government shows support for economy and stockmarket. Fed delivers 25bps hike and hawkish rate projections, with 7 hikes this year and a chance of 50bps moves
Big reversal of some recent market moves on little fresh news. Strong bounce in global equities. Global rates higher. Oil prices plunge 12%. Euro rebounds
10th Mar 22, 7:58am
1
Big reversal of some recent market moves on little fresh news. Strong bounce in global equities. Global rates higher. Oil prices plunge 12%. Euro rebounds
Risk appetite rebounds overnight - equities and rates increase sharply. Commodity prices surge. Powell signals a 25bps rate hike this month. Bank of Canada raises rates 25bps, indicates more to come
3rd Mar 22, 8:04am
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Risk appetite rebounds overnight - equities and rates increase sharply. Commodity prices surge. Powell signals a 25bps rate hike this month. Bank of Canada raises rates 25bps, indicates more to come
No material developments in Russia-Ukraine situation so markets well contained. Modest falls in US, European equities; US 10-year rate trades just under 2%
24th Feb 22, 7:51am
No material developments in Russia-Ukraine situation so markets well contained. Modest falls in US, European equities; US 10-year rate trades just under 2%
Russia-Ukraine developments remain in the spotlight; no evidence of Russian military pullback. US equities and global rates head lower. Stonker US retail sales report, but market reaction contained
17th Feb 22, 7:49am
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Russia-Ukraine developments remain in the spotlight; no evidence of Russian military pullback. US equities and global rates head lower. Stonker US retail sales report, but market reaction contained
Risk appetite improves, seeing solid gains in global equities and the NZD outperforming. Global rates retreat ahead of tonight's key US CPI report. NZ Omicron wave more of a ripple so far, but economic hit still evident
10th Feb 22, 7:56am
Risk appetite improves, seeing solid gains in global equities and the NZD outperforming. Global rates retreat ahead of tonight's key US CPI report. NZ Omicron wave more of a ripple so far, but economic hit still evident
Equities continue to recover, while UST 10-year remains range-bound. European rates and EUR higher after big upside surprise to European inflation data. RBA's Lowe acknowledges a rate hike later this year is "plausible"
3rd Feb 22, 8:00am
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Equities continue to recover, while UST 10-year remains range-bound. European rates and EUR higher after big upside surprise to European inflation data. RBA's Lowe acknowledges a rate hike later this year is "plausible"
Ahead of the US Fed, the Bank of Canada delivers a hawkish hold signaling higher rates from here. Eyes on NZ CPI
27th Jan 22, 7:31am
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Ahead of the US Fed, the Bank of Canada delivers a hawkish hold signaling higher rates from here. Eyes on NZ CPI
Global bond sell-off pauses overnight. German 10-year had earlier hit 0% for first time since 2019. Huge move higher in NZ 2-year swap yesterday in thin conditions, with market wary of CPI next week
20th Jan 22, 7:53am
Global bond sell-off pauses overnight. German 10-year had earlier hit 0% for first time since 2019. Huge move higher in NZ 2-year swap yesterday in thin conditions, with market wary of CPI next week
Markets expect another incrementally hawkish tilt from US Fed. US equities lower for third day running, US rates steady
16th Dec 21, 7:55am
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Markets expect another incrementally hawkish tilt from US Fed. US equities lower for third day running, US rates steady
NZD and AUD recover further, supported by better sentiment on China driving yuan strength. Bank of Canada doesn't sanction early rate hike expectations built into market pricing. Global rates push higher; US curve steepens
9th Dec 21, 7:53am
NZD and AUD recover further, supported by better sentiment on China driving yuan strength. Bank of Canada doesn't sanction early rate hike expectations built into market pricing. Global rates push higher; US curve steepens
Whippy market backdrop continues, with recovery in global equities. US ADP employment and ISM manufacturing in line; US Treasury rates push up a little
2nd Dec 21, 7:53am
Whippy market backdrop continues, with recovery in global equities. US ADP employment and ISM manufacturing in line; US Treasury rates push up a little
US data releases continue to positively surprise. Another US FOMC member on verge of joining "faster taper" camp. US short rates higher and USD up to fresh 16-month high
25th Nov 21, 7:52am
US data releases continue to positively surprise. Another US FOMC member on verge of joining "faster taper" camp. US short rates higher and USD up to fresh 16-month high
GBP outperforms following yet another positive inflation surprise. NZD consolidates around 0.70; AUD on the soft side following no smoking gun in wage data. UST yields nudge lower
18th Nov 21, 7:39am
GBP outperforms following yet another positive inflation surprise. NZD consolidates around 0.70; AUD on the soft side following no smoking gun in wage data. UST yields nudge lower
US CPI inflation surges to a 30-year high driving US rates higher across the curve and spilling over into other markets. USD stronger
11th Nov 21, 8:00am
US CPI inflation surges to a 30-year high driving US rates higher across the curve and spilling over into other markets. USD stronger
US Fed tapers asset purchases as expected by -US$15 bln per month and shows less confidence that elevated inflation will be transitory. Market pricing well contained
4th Nov 21, 7:56am
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US Fed tapers asset purchases as expected by -US$15 bln per month and shows less confidence that elevated inflation will be transitory. Market pricing well contained
Australian CPI, UK Budget and hawkish Bank of Canada all trigger market reactions. Global rates lower overnight. But NZ rates market caught up in Australian CPI aftermath, seeing further ramp up in yields
28th Oct 21, 7:54am
Australian CPI, UK Budget and hawkish Bank of Canada all trigger market reactions. Global rates lower overnight. But NZ rates market caught up in Australian CPI aftermath, seeing further ramp up in yields