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Fiscal report important to update market on government's goal of returning to surplus
Fiscal report important to update market on government's goal of returning to surplus
New government in Japan and already LDP leader Abe repeating calls for “bold” BoJ easing and a higher inflation target
New government in Japan and already LDP leader Abe repeating calls for “bold” BoJ easing and a higher inflation target
Lack of support from interest rate differentials and lower commodity prices suggest NZD rise will be hard to maintain
Lack of support from interest rate differentials and lower commodity prices suggest NZD rise will be hard to maintain
NZ yields push higher with 40% chance of rate cut by mid next year priced in
NZ yields push higher with 40% chance of rate cut by mid next year priced in
Rock bottom U.S. bond yields and weaker US$ look set to remain in place through to mid-2013
Rock bottom U.S. bond yields and weaker US$ look set to remain in place through to mid-2013
Expectations high Fed will extend asset purchasing program
Expectations high Fed will extend asset purchasing program
A Fed decision to roll Operation Twist into Treasury purchases paves way for stronger NZ$ against US$
A Fed decision to roll Operation Twist into Treasury purchases paves way for stronger NZ$ against US$
Berlusconi vows to re-stand for election on an anti-austerity, anti-German platform
Berlusconi vows to re-stand for election on an anti-austerity, anti-German platform
Outgoing Italian PM believes elections will (hopefully) produce a “highly responsible” government
Outgoing Italian PM believes elections will (hopefully) produce a “highly responsible” government
High expectations Fed will announce asset purchases will continue after year-end, essentially extending QE3
High expectations Fed will announce asset purchases will continue after year-end, essentially extending QE3
Chinese retail and industrial production data rises to 8-month highs confirming growth is rebounding
Chinese retail and industrial production data rises to 8-month highs confirming growth is rebounding
ECB’s inflation and growth forecasts slashed and in 'technical preparation' for negative rates
Market likely to respond to dovish tone by pricing in greater chances of cuts in future
Market likely to respond to dovish tone by pricing in greater chances of cuts in future
Not expecting rate cut by RBNZ but some acknowledgement of recent economic data softness
Not expecting rate cut by RBNZ but some acknowledgement of recent economic data softness
Spain to auction more junk bonds testing sentiment toward peripheral European risk
Spain to auction more junk bonds testing sentiment toward peripheral European risk
No tangible progress in US fiscal cliff debate means US$ has difficulty finding friends
No tangible progress in US fiscal cliff debate means US$ has difficulty finding friends
RBNZ more tolerant of stubbornly high NZ$ if supported by commodity price rises
RBNZ more tolerant of stubbornly high NZ$ if supported by commodity price rises
Investment bank Credit Suisse announces it will start charging negative interest rates on balances held in Swiss francs
Investment bank Credit Suisse announces it will start charging negative interest rates on balances held in Swiss francs
If RBA cuts we could see NZ and AU cash rates converge in 2013
If RBA cuts we could see NZ and AU cash rates converge in 2013
Enough confusion in the data for the RBNZ to hold back on rate changes for now
Enough confusion in the data for the RBNZ to hold back on rate changes for now
DMO bond auction attracted solid 3.2x bid-to-cover ratio. Average successful bid was slightly higher suggesting tepid demand
DMO bond auction attracted solid 3.2x bid-to-cover ratio. Average successful bid was slightly higher suggesting tepid demand
Expectations up for an Aussie rate cut; no real intention to compromise shown in US fiscal cliff talks
Expectations up for an Aussie rate cut; no real intention to compromise shown in US fiscal cliff talks
Market fully prices a 25bps RBNZ rate cut by mid next year; says RBA odds-on for a cut next week
Market fully prices a 25bps RBNZ rate cut by mid next year; says RBA odds-on for a cut next week
US negotiation news dominates market sentiment; gold down sharply
US negotiation news dominates market sentiment; gold down sharply
One-year ahead house price expectations counters recent soft data and low inflation readings
One-year ahead house price expectations counters recent soft data and low inflation readings