David Chaston

Markets embrace US rate cut signals; tariff-tax costs embed; Canada rolls back some tariffs; China's FDI stays very weak; AI investments juices R&D; UST 10yr at 4.26%; gold and oil firmer; NZ$1 = 58.7 USc; TWI-5 = 66.3

Markets embrace US rate cut signals; tariff-tax costs embed; Canada rolls back some tariffs; China's FDI stays very weak; AI investments juices R&D; UST 10yr at 4.26%; gold and oil firmer; NZ$1 = 58.7 USc; TWI-5 = 66.3

A review of things you need to know before you sign off on Friday; more rate cuts, Fonterra sells, farmers want to twist the scrum further, fraud attempts pervasive, ghost tapping arrives, swaps stable, NZD stable, & more

A review of things you need to know before you sign off on Friday; more rate cuts, Fonterra sells, farmers want to twist the scrum further, fraud attempts pervasive, ghost tapping arrives, swaps stable, NZD stable, & more

Fonterra's sale of its consumer business to French giant Lactalis will deliver a $3.2 bln tax-free boost for shareholders, and it retains supply agreements for iconic dairy brands Anchor and Mainland

Fonterra's sale of its consumer business to French giant Lactalis will deliver a $3.2 bln tax-free boost for shareholders, and it retains supply agreements for iconic dairy brands Anchor and Mainland

Powell awaited but US data doesn't support rate cuts; Japanese business rises; China in more debt stress; Australia data upbeat; freight rates ease; UST 10yr at 4.33%; gold soft and oil firmer; NZ$1 = 58.2 USc; TWI-5 = 66.2

Powell awaited but US data doesn't support rate cuts; Japanese business rises; China in more debt stress; Australia data upbeat; freight rates ease; UST 10yr at 4.33%; gold soft and oil firmer; NZ$1 = 58.2 USc; TWI-5 = 66.2

A review of things you need to know before you sign off on Thursday; more rate cuts, more housing market sceptics, Fonterra boosts payout, two banks report profit stutters, swaps stay down, NZD stays down, & more

A review of things you need to know before you sign off on Thursday; more rate cuts, more housing market sceptics, Fonterra boosts payout, two banks report profit stutters, swaps stay down, NZD stays down, & more

Rate cut announcements to savings accounts have started to flow with the six banks advising changes so far, ranging from no-change to -30 bps

Rate cut announcements to savings accounts have started to flow with the six banks advising changes so far, ranging from no-change to -30 bps

Fed vote isolates dissenters, Trump goes after a governor; Canada SMEs positive; Taiwan export orders strong; Indonesia cuts; UK inflation rising; UST 10yr at 4.29%; gold and oil firmer; NZ$1 = 58.3 USc; TWI-5 = 66.1

Fed vote isolates dissenters, Trump goes after a governor; Canada SMEs positive; Taiwan export orders strong; Indonesia cuts; UK inflation rising; UST 10yr at 4.29%; gold and oil firmer; NZ$1 = 58.3 USc; TWI-5 = 66.1

A review of things you need to know before you sign off on Wednesday; financial markets react to what they think is a dovish RBNZ OCR move, dairy prices hold, insurers reprice climate risks, Fletcher in sell-off mode, swaps drop, NZD dives, & more

A review of things you need to know before you sign off on Wednesday; financial markets react to what they think is a dovish RBNZ OCR move, dairy prices hold, insurers reprice climate risks, Fletcher in sell-off mode, swaps drop, NZD dives, & more

The Cooperative Bank kicks off the latest round of floating home loan rate reductions with matching cuts to variable rates and savings account rates. ANZ follows with a lesser cut, Westpac too. Now Kiwibank

The Cooperative Bank kicks off the latest round of floating home loan rate reductions with matching cuts to variable rates and savings account rates. ANZ follows with a lesser cut, Westpac too. Now Kiwibank

Financial markets in broad but shallow retreat, led by commodities; Canadian inflation lower; Malaysian exports strong; Australian consumers more bullish; UST 10yr at 4.30%; gold and oil weaken; NZ$1 = 59 USc; TWI-5 = 66.9

Financial markets in broad but shallow retreat, led by commodities; Canadian inflation lower; Malaysian exports strong; Australian consumers more bullish; UST 10yr at 4.30%; gold and oil weaken; NZ$1 = 59 USc; TWI-5 = 66.9

A review of things you need to know before you sign off on Tuesday; BNZ trims TD rates, PPI stays high, but farm expenses avoid the pressure, population growth low, eyes on dairy prices - and OCR, swaps stable, NZD firm, & more

A review of things you need to know before you sign off on Tuesday; BNZ trims TD rates, PPI stays high, but farm expenses avoid the pressure, population growth low, eyes on dairy prices - and OCR, swaps stable, NZD firm, & more

US housebuilders downbeat on cost pressure; Canadian housebuilders buoyant; India jobless levels low; Singapore exports fall; China keeps pressure on EU; UST 10yr at 4.34%; gold holds and oil firms; NZ$1 = 59.2 USc; TWI-5 = 67

US housebuilders downbeat on cost pressure; Canadian housebuilders buoyant; India jobless levels low; Singapore exports fall; China keeps pressure on EU; UST 10yr at 4.34%; gold holds and oil firms; NZ$1 = 59.2 USc; TWI-5 = 67

A review of things you need to know before you sign off on Monday; service sector contracts less, withdrawns point to unrealistic sellers, MVM sold for a big loss, businesses expect higher inflation, swaps stable, NZD softish, & more

A review of things you need to know before you sign off on Monday; service sector contracts less, withdrawns point to unrealistic sellers, MVM sold for a big loss, businesses expect higher inflation, swaps stable, NZD softish, & more

Chinese data holds but stimulus juice losing its effectiveness; US data holds but consumers less confident; Ireland jolted by US tariffs; UST 10yr at 4.32%; gold holds and oil dips; NZ$1 = 59.2 USc; TWI-5 = 66.9

Chinese data holds but stimulus juice losing its effectiveness; US data holds but consumers less confident; Ireland jolted by US tariffs; UST 10yr at 4.32%; gold holds and oil dips; NZ$1 = 59.2 USc; TWI-5 = 66.9

US consumers glummer but still buy cars; Malaysia GDP rise good; China data softens; shipping to get a new twist; Ireland's trade with the US dives; UST 10yr at 4.32%; gold holds and oil dips; NZ$1 = 59.2 USc; TWI-5 = 66.9

US consumers glummer but still buy cars; Malaysia GDP rise good; China data softens; shipping to get a new twist; Ireland's trade with the US dives; UST 10yr at 4.32%; gold holds and oil dips; NZ$1 = 59.2 USc; TWI-5 = 66.9

A review of things you need to know before you sign off on Friday; more home loan rate cuts, inflation still lurking, migration eases, tourism stalls, PMI rises, swaps stable, NZX50 firm, NZD soft, & more

A review of things you need to know before you sign off on Friday; more home loan rate cuts, inflation still lurking, migration eases, tourism stalls, PMI rises, swaps stable, NZX50 firm, NZD soft, & more

SBS Bank cuts its first home buyer 'Combo' rate to 3.99%, its lowest rate since May 2022

SBS Bank cuts its first home buyer 'Combo' rate to 3.99%, its lowest rate since May 2022

Term deposit rate offers have been falling as home loan rates are cut. We benchmark how the spread of offers compare for savers, and note the standouts

Term deposit rate offers have been falling as home loan rates are cut. We benchmark how the spread of offers compare for savers, and note the standouts

ASB follows all its main rivals with matching fixed mortgage rate reductions that leave it with a me-too rate card. It cuts term deposit rates at the same time

ASB follows all its main rivals with matching fixed mortgage rate reductions that leave it with a me-too rate card. It cuts term deposit rates at the same time

US jobless claims stay up; US PPI rises much more than expected; China mulls housing buyout; India credit rating upgraded; Australian employment rises; UST 10yr at 4.29%; gold soft and oil rises; NZ$1 = 59.1 USc; TWI-5 = 66.9

US jobless claims stay up; US PPI rises much more than expected; China mulls housing buyout; India credit rating upgraded; Australian employment rises; UST 10yr at 4.29%; gold soft and oil rises; NZ$1 = 59.1 USc; TWI-5 = 66.9

A review of things you need to know before you sign off on Thursday; more rate cuts but mostly just matching ANZ, housing market cools with losses rising, big insurance profits, inflation expectations stable, swaps soft, NZD firm, & more

A review of things you need to know before you sign off on Thursday; more rate cuts but mostly just matching ANZ, housing market cools with losses rising, big insurance profits, inflation expectations stable, swaps soft, NZD firm, & more

Kiwibank the third major to cut mortgage rates this week, but it only matches ANZ and BNZ who went before. However, they also cut term deposit rates at the same time. Ditto Westpac

Kiwibank the third major to cut mortgage rates this week, but it only matches ANZ and BNZ who went before. However, they also cut term deposit rates at the same time. Ditto Westpac

US jittery about economic direction (but not investors); Japan machine tool orders rise; China bank lending retreats; China steel causes angst; UST 10yr at 4.24%; gold stable and oil soft; NZ$1 = 59.7 USc; TWI-5 = 67.3

US jittery about economic direction (but not investors); Japan machine tool orders rise; China bank lending retreats; China steel causes angst; UST 10yr at 4.24%; gold stable and oil soft; NZ$1 = 59.7 USc; TWI-5 = 67.3

A review of things you need to know before you sign off on Wednesday; BNZ responds to ANZ's mortgage rate cut, QV sees house values falling, retail gets a minor lift, ASB hikes dividend sharply, exporters happy, swaps & NZD little-changed, & more

A review of things you need to know before you sign off on Wednesday; BNZ responds to ANZ's mortgage rate cut, QV sees house values falling, retail gets a minor lift, ASB hikes dividend sharply, exporters happy, swaps & NZD little-changed, & more

BNZ matches ANZ's fixed mortgage rate cuts, and goes lower on two additional terms

BNZ matches ANZ's fixed mortgage rate cuts, and goes lower on two additional terms