David Chaston

Articles by David Chaston

90 seconds at 9 am: China's trade flows slow
10 Dec 18, 7:35am
David Chaston
5 comments
US jobs growth slows; Wall Street drops sharply; US consumer confidence remains high; Canada jobs impress; China inflation cools with trade slowdown; UST 10yr at 2.86%; oil firms, gold leaps; NZ$1 = 68.6 USc; TWI-5 = 73.2
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Loading up on housing debt?
9 Dec 18, 12:02pm
David Chaston
31 comments
Yes, housing debt is growing but perhaps not to levels that anywhere near threaten financial stability, especially if you measure that on a per dwelling basis. The regulatory restrictions are doing their job well
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Weekend Briefing: Wall Street in the red
8 Dec 18, 8:59am
David Chaston
17 comments
US jobs growth slows sharply; Wall Street in 2018 loss; Canada jobs data impresses; China in faux-anger over Huawei; Rudd sees big China move soon; UST 10yr 2.85%; oil and gold up; NZ$1 = 68.5 USc; TWI-5 = 73.1
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Image sourced from Shutterstock.com
What happened Friday
7 Dec 18, 3:59pm
David Chaston
8 comments
A review of things you need to know before you go home on Friday; some rate changes, household balance sheets swell, Fitch likes NZ housing, wholesale trade up, swaps & NZD stable, bitcoin falls, & more
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90 seconds at 9 am: Market sell-off deepens
7 Dec 18, 7:46am
David Chaston
40 comments
Equity markets drop; bond yields down too; US jobs markets soften; US orders and trade fall; Huawei arrest sours relations; CO2 emissions grow; air travel up; AU regulators score own-goal; UST 10yr at 2.86%; oil down, gold up; NZ$1 = 68.7 USc; TWI-5 = 73.
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Image sourced from Shutterstock.com
What happened Thursday
6 Dec 18, 3:59pm
David Chaston
10 comments
A review of things you need to know before you go home on Thursday; ASB changes rates, used car sales drop, local authority revenues race higher, swap rates little changed, NZD softer, & more later
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Fonterra reduces milk payout forecast to $6.00-$6.30 per kgMS
6 Dec 18, 9:01am
David Chaston
16 comments
Fonterra cuts farmgate milk price forecast range to $6.00-$6.30 per kgMS from $6.25-$6.50, forced down by rising international milk supply. Dividend indications unchanged
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ASB ends its sub-4% offer
6 Dec 18, 8:39am
David Chaston
1 comments
The last of the main banks retreats from a sub-4% home loan offer rate, just as wholesale rates tumble on the darkening international mood. But two smaller rivals still offer sub-4%
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90 seconds at 9 am: A dovish pause
6 Dec 18, 7:35am
David Chaston
15 comments
Wall Street closed; Canada turns dovish; China services in surprise rise; Australia growth in surprise fall; airfreight growth rises modestly; UST 10yr at 2.91%; oil up, gold unchanged; NZ$1 = 69.1 USc; TWI-5 = 73.6
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Image sourced from Shutterstock.com
What happened Wednesday
5 Dec 18, 3:59pm
David Chaston
11 comments
A review of things you need to know before you go home on Wednesday; no retail rate changes, QV data variable, Barfoot results strong, GDT prices rise, Aussie growth slows, swaps weak again, NZD firm, & more
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90 seconds at 9 am: Markets in ugly turn lower
5 Dec 18, 7:45am
David Chaston
62 comments
Dairy prices rise; Wall Street drops sharply; US trade positions confusing; WTO worried; inflation rising; UST 10yr at 2.89%; yield curves slump; oil and gold higher; NZ$1 = 69.3 USc; TWI-5 = 73.8
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Image sourced from Shutterstock.com
What happened Tuesday
4 Dec 18, 3:59pm
David Chaston
46 comments
A review of things you need to know before you go home on Tuesday; car sales drop, Ardern pitches CPTPP to Moon, hydrogen chosen, NZ wins on trade, big bond rate falls, NZD rises, & more
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New car sales cool sharply in November
4 Dec 18, 9:33am
David Chaston
48 comments
Car sales enter a sales shadow in November with SUV demand lower, especially for medium-sized SUVs. Commercial demand stays strong
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90 seconds at 9 am: Shanghai strongest in G20 afterglow
4 Dec 18, 7:41am
David Chaston
61 comments
Equity investors approve of China-US deal, but bond investors don't; US factory data unchanged, others weaker; ECB adjustment; Sydney house prices fall; UST 10yr at 2.99%; oil and gold up; NZ$1 = 69.3 USc; TWI-5 = 73.8
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Image sourced from Shutterstock.com
What happened Monday
3 Dec 18, 3:59pm
David Chaston
2 comments
A review of things you need to know before you go home on Monday; listing and inventories decline, dairy prices rise, terms of trade drop irrelevant, Shanghai celebrates, Aussie data weak, swaps and NZD firm, & more
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90 seconds at 9 am: US & China agree trade truce
3 Dec 18, 7:34am
David Chaston
22 comments
G20 brings 90-day trade ceasefire; Canada GDP growth lower; Japan data up; India growth lower; UST 10yr at 2.99%; oil and gold down; NZ$1 = 68.8 USc; TWI-5 = 73.4
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Weekend Briefing: World's economies sagging making NZ look good
1 Dec 18, 8:53am
David Chaston
11 comments
Eyes on Xi-Trump meeting; Canada growth soft; Japan gets boosts; China factories stall; India growth slows; investors wary of Australia; UST 10yr 3.01%; oil holds low and gold down; NZ$1 = 68.7 USc; TWI-5 = 73.3
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ANZ follows quickly, also ending its sub-4% rate offer
30 Nov 18, 5:29pm
David Chaston
15 comments
NZ's largest mortgage bank also raises a key rate, but then adds a competitive 18 mth 'special', and extends its $3000 cash-back inducement
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Image sourced from Shutterstock.com
What happened Friday
30 Nov 18, 3:59pm
David Chaston
2 comments
A review of things you need to know before you go home on Friday; key rate changes, building consents rise, RBNZ to get tough on bank capital, consumer confidence average, business borrowing sags, swaps down, NZD firm & more
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Following BNZ, Westpac also raises mortgages rates, ending sub-4% offer
30 Nov 18, 10:16am
David Chaston
46 comments
BNZ ups its sub-4% two year home loan rate to match its rivals at 4.29% as the competitive imperative for lower rates to win market share fades. Westpac follows
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