bnzeconomists
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US$ stages sharp reversal following release of weaker US retail sales data
Global safe haven bonds sold off as more positive sentiment returns to markets
Global liquidity splurge a positive for both commodity prices and NZD
Expectations of RBA rate cuts over next 12-months increases as labour data disappoints
Expectations of RBA rate cuts over next 12-months increases as labour data disappoints
NZD/AUD higher on back of disappointing Aussie employment data
German bonds march towards their June lows as investors seek safety
Markets disappointed FOMC minutes did not hint at further QE
LGFA tender expected to attract demand given the additional yield pickup on offer
QSBO survey result supports BNZ's view that NZ economy is making reasonable progress
QSBO survey result supports BNZ's view that NZ economy is making reasonable progress
Spain likely to be granted 12-month extension to meet 3% deficit target
With the uncertainty in Europe we may not have seen the top for the NZD/EUR
US & German bond yields fall sharply but still above June lows; NZ 10-year bonds look attractive at 3.51%
US & German bond yields fall sharply but still above June lows; NZ 10-year bonds look attractive at 3.51%
US non-farm payroll data disappoints but not seen as weak enough to bring on QE III
US non-farm payroll data disappoints but not seen as weak enough to bring on QE III
NZ yields to head lower after European and Chinese central bank action
Stock markets retreat while central banks cut rates and undertake QE
Market pricing in around 5 bps of rate hikes from RBNZ over next 12 months
Eurozone and UK final PMI data made for grim reading
An uncertain global picture and concerns around demand saw global dairy prices fall 5.9%
Safe haven bonds fall on lacklustre European manufacturing and surprising poor US ISM numbers
Safe haven bonds fall on lacklustre European manufacturing and surprising poor US ISM numbers
US ISM falls into contractionary territory for first time since 2009
Relief and surprise swept across markets sending equities and commodities substantially higher
Relief and surprise swept across markets sending equities and commodities substantially higher
Global equity and commodity markets a sea of red; commodity sensitive currencies sold off
Global equity and commodity markets a sea of red; commodity sensitive currencies sold off
Rising peripheral bond spreads remain a headwind for the EUR
Currencies whipped around in brutal fashion with euro emerging as biggest loser
EU summit leaders preparing investors for further disappointment