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Don't expect RBNZ to follow RBA in near term as hurdle for cutting remains high
Don't expect RBNZ to follow RBA in near term as hurdle for cutting remains high
RBA cut tied to weakening international outlook and non-mining components of economy
RBA cut tied to weakening international outlook and non-mining components of economy
UK manufacturing PMI shows activity deteriorating at faster pace, while US ISM data shows expanision
UK manufacturing PMI shows activity deteriorating at faster pace, while US ISM data shows expanision
Aussie credit data contradicts previous statements by RBA and supports market's rate cut view
Aussie credit data contradicts previous statements by RBA and supports market's rate cut view
HSBC China PMI shows manufacturing contracted for 11th straight month
HSBC China PMI shows manufacturing contracted for 11th straight month
If sentiment in Europe erodes further, market could price in 50 bps OCR cut
If sentiment in Europe erodes further, market could price in 50 bps OCR cut
US durable goods headline downright awful, US pending home sales weaker and GDP revised down; US equities rise
US durable goods headline downright awful, US pending home sales weaker and GDP revised down; US equities rise
Long dated US yields pricing in long term inflation risk in post QEIII world
Long dated US yields pricing in long term inflation risk in post QEIII world
NZ trade balance deterioration likely to attract attention of currency traders and ratings agencies
NZ trade balance deterioration likely to attract attention of currency traders and ratings agencies
Australian short dated swaps at near all-time lows; NZ-AU swap spread contracts
Comments from Fed's Plosser spooks markets sending indices into reverse
Comments from Fed's Plosser spooks markets sending indices into reverse
RBA signals sustained drop in commodities and high AUD concerning; market expection is for rate cuts of 50 basis points
RBA signals sustained drop in commodities and high AUD concerning; market expection is for rate cuts of 50 basis points
US$ stronger as weaker than expected German data hits the tapes; equity and commodity markets sold off
US$ stronger as weaker than expected German data hits the tapes; equity and commodity markets sold off
Market continuing to flirt with rate cuts despite hawkish RBNZ mandate
Market continuing to flirt with rate cuts despite hawkish RBNZ mandate
PBOC reported saying economy not shown signs of rebounding despite assurances China’s 7.5% growth ‘floor’ maintained
PBOC reported saying economy not shown signs of rebounding despite assurances China’s 7.5% growth ‘floor’ maintained
Market starting to lose patience with Spain as they flog another tranche at 1% below August auction rate
Market starting to lose patience with Spain as they flog another tranche at 1% below August auction rate
June GDP surprisingly strong and shows how robust NZ economy is; strongest half-yearly expansion in five years
June GDP surprisingly strong and shows how robust NZ economy is; strongest half-yearly expansion in five years
Spain taking advantage of improved risk sentiment to auction more bonds
BoJ provides much need stimulus and removes 0.1% floor for purchases of long term bonds
BoJ provides much need stimulus and removes 0.1% floor for purchases of long term bonds
Global dairy prices leap 21% over last two months and further gains expected
Global dairy prices leap 21% over last two months and further gains expected
BoJ next cab off rank to announce accelerated bond buying programme
BoJ next cab off rank to announce accelerated bond buying programme
With 'QE Infinity' underway investors turn attentions to greener pastures
With 'QE Infinity' underway investors turn attentions to greener pastures
Fed's focus squarely on making progress in the labour market; inflation not a concern
Fed's focus squarely on making progress in the labour market; inflation not a concern
Bernanke targeting unemployment rate with QEIII stimulus; won't be drawn into saying what the magic number is
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Bernanke targeting unemployment rate with QEIII stimulus; won't be drawn into saying what the magic number is
Market expection of OCR rate cut within next 12 months contradicts RBNZ's view
Market expection of OCR rate cut within next 12 months contradicts RBNZ's view