BNZ
Challenger bank SBS jumps into the mortgage market with a big splash, aiming to snare an outsized share of deals as the real estate market winds down for the summer/autumn season
19th Apr 24, 3:18pm
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Challenger bank SBS jumps into the mortgage market with a big splash, aiming to snare an outsized share of deals as the real estate market winds down for the summer/autumn season
US equities down modestly; US Treasury yields have pushed higher, with a stronger Philly Fed survey and hawkish Fed-speak not helping
19th Apr 24, 7:31am
US equities down modestly; US Treasury yields have pushed higher, with a stronger Philly Fed survey and hawkish Fed-speak not helping
As the prospect of OCR rate cuts fade and global forces and local inflation push up wholesale interest rates, ASB trims its key term deposit rate offers
18th Apr 24, 10:07am
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As the prospect of OCR rate cuts fade and global forces and local inflation push up wholesale interest rates, ASB trims its key term deposit rate offers
Modest risk-off tone in the air; US equities weaker, US Treasury yields lower, credit spreads wider and oil prices weaker. NZD and AUD the best performers. Rates rise post-CPI
18th Apr 24, 7:50am
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Modest risk-off tone in the air; US equities weaker, US Treasury yields lower, credit spreads wider and oil prices weaker. NZD and AUD the best performers. Rates rise post-CPI
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
17th Apr 24, 4:01pm
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There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
US Fed Chair Powell signals high rates for longer due to persistent inflation. 2-year US treasury yields reach 5%, the highest level since November. China set a weaker than expected daily yuan reference rate hurting commodity currencies
17th Apr 24, 8:02am
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US Fed Chair Powell signals high rates for longer due to persistent inflation. 2-year US treasury yields reach 5%, the highest level since November. China set a weaker than expected daily yuan reference rate hurting commodity currencies
Markets continue to trade with a cautious tone, with Israel vowing to retaliate against Iran’s weekend attack. US equities down about 1%; oil prices barely lower. US Treasury yields reach fresh 2024 highs
16th Apr 24, 7:51am
Markets continue to trade with a cautious tone, with Israel vowing to retaliate against Iran’s weekend attack. US equities down about 1%; oil prices barely lower. US Treasury yields reach fresh 2024 highs
Investor risk aversion weighed on growth sensitive assets at end of last week amid concern about escalating hostilities. The S&P fell -1.5%, while US Treasuries and the US dollar rallied. The NZD was amongst the weakest developed market currencies
15th Apr 24, 7:26am
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Investor risk aversion weighed on growth sensitive assets at end of last week amid concern about escalating hostilities. The S&P fell -1.5%, while US Treasuries and the US dollar rallied. The NZD was amongst the weakest developed market currencies
US equities bounce back. US Treasury yields show only small movements, with a modestly steeper curve. Little impact from the ECB's in-line policy update
12th Apr 24, 7:50am
US equities bounce back. US Treasury yields show only small movements, with a modestly steeper curve. Little impact from the ECB's in-line policy update
Stronger than expected US CPI data prompted large moves across global asset markets. The S&P is down more than 1%. US treasury yields surged with big gains for the US dollar. The RBNZ decision had limited market reaction
11th Apr 24, 8:05am
Stronger than expected US CPI data prompted large moves across global asset markets. The S&P is down more than 1%. US treasury yields surged with big gains for the US dollar. The RBNZ decision had limited market reaction
US Treasury yields shift back from 2024 highs ahead of key US CPI report. Local QSBO revealed weak conditions consistent with recession. Focus now on RBNZ
10th Apr 24, 7:53am
US Treasury yields shift back from 2024 highs ahead of key US CPI report. Local QSBO revealed weak conditions consistent with recession. Focus now on RBNZ
Fintech startup Emerge wants to 'fix' banking in New Zealand, starting with SMEs before launching into consumer banking
9th Apr 24, 10:40am
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Fintech startup Emerge wants to 'fix' banking in New Zealand, starting with SMEs before launching into consumer banking
US rates push up to fresh year-to-date highs as investors continue to push out the timing and scope of US Fed rate cuts this year. NZ rates follow up, with swap rate rises boosted
9th Apr 24, 7:29am
US rates push up to fresh year-to-date highs as investors continue to push out the timing and scope of US Fed rate cuts this year. NZ rates follow up, with swap rate rises boosted
Gareth Vaughan takes a look at how the Commerce Commission's suggestion of strengthening Kiwibank to enable it to better compete with its Aussie owned rivals could be accomplished
8th Apr 24, 4:38pm
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Gareth Vaughan takes a look at how the Commerce Commission's suggestion of strengthening Kiwibank to enable it to better compete with its Aussie owned rivals could be accomplished
As the real estate selling season tails off, two banks trim a key home loan rate just before the RBNZ does its review, and markets turn sceptical rate cuts are imminent
8th Apr 24, 9:08am
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As the real estate selling season tails off, two banks trim a key home loan rate just before the RBNZ does its review, and markets turn sceptical rate cuts are imminent
Strong US labour market suggests their economy remains resilient and intensified the debate about when the Fed might ease monetary policy. US treasuries back near the yield highs for the year while the US dollar couldn't sustain initial gains
8th Apr 24, 7:34am
Strong US labour market suggests their economy remains resilient and intensified the debate about when the Fed might ease monetary policy. US treasuries back near the yield highs for the year while the US dollar couldn't sustain initial gains
Risk appetite higher ahead of the key US employment report tonight; S&P500 up while Treasury yields show little net movement. AUD rises so that NZD/AUD fell to a 9-month low overnight
5th Apr 24, 7:46am
Risk appetite higher ahead of the key US employment report tonight; S&P500 up while Treasury yields show little net movement. AUD rises so that NZD/AUD fell to a 9-month low overnight
A softer than expected US services ISM moved markets but Powell didn't. Eurozone CPI below estimates in March; ECB might start rate cuts in June. Gold prices extend to fresh record highs having gained more than 15% since mid-February
4th Apr 24, 7:43am
A softer than expected US services ISM moved markets but Powell didn't. Eurozone CPI below estimates in March; ECB might start rate cuts in June. Gold prices extend to fresh record highs having gained more than 15% since mid-February
New Zealand Commerce Commission's plea for lower bank capital to bolster bank competition – what could possibly go wrong?
3rd Apr 24, 10:11am
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New Zealand Commerce Commission's plea for lower bank capital to bolster bank competition – what could possibly go wrong?
Global rates higher; US 10-year Treasury yield reaches fresh high for the year not helped by oil prices rising to fresh year-to-date highs. Equity investors show further signs of fatigue. Currency moves modest
3rd Apr 24, 7:41am
Global rates higher; US 10-year Treasury yield reaches fresh high for the year not helped by oil prices rising to fresh year-to-date highs. Equity investors show further signs of fatigue. Currency moves modest
The US ISM manufacturing PMI rose to exceed all economist estimates. It was the first time the index moved into expansionary territory since September 2022. US treasury yields spiked higher in response and the USD rose
2nd Apr 24, 7:21am
The US ISM manufacturing PMI rose to exceed all economist estimates. It was the first time the index moved into expansionary territory since September 2022. US treasury yields spiked higher in response and the USD rose
Global equity markets are generally higher in the absence of economic data or fresh catalysts. Japanese policy makers huddle to seek plan to rescue the Yen
28th Mar 24, 7:47am
Global equity markets are generally higher in the absence of economic data or fresh catalysts. Japanese policy makers huddle to seek plan to rescue the Yen
Commerce Commission wants more influence over interbank payments, potentially including regulation, to increase competition and efficiency
28th Mar 24, 5:00am
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Commerce Commission wants more influence over interbank payments, potentially including regulation, to increase competition and efficiency
Local interest rates shift up ahead of a new 2035 NZGB to be offered by syndication. US data mixed with labour market expectations tightening
27th Mar 24, 7:56am
Local interest rates shift up ahead of a new 2035 NZGB to be offered by syndication. US data mixed with labour market expectations tightening
RBNZ releases finalised guidance for financial institutions on evaluating and mitigating climate-related risks, says they should understand the compounding effect climate-related risks may have on other business risks
27th Mar 24, 5:00am
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RBNZ releases finalised guidance for financial institutions on evaluating and mitigating climate-related risks, says they should understand the compounding effect climate-related risks may have on other business risks