David Chaston

China CPI & PPI struggle with deflationary pressures; China vehicle sales dive; Canada employment marks time; Russia inflation rises; UST 10yr 3.94%; gold and oil firmish; NZ$1 = 60 USc; TWI-5 = 68.7

China CPI & PPI struggle with deflationary pressures; China vehicle sales dive; Canada employment marks time; Russia inflation rises; UST 10yr 3.94%; gold and oil firmish; NZ$1 = 60 USc; TWI-5 = 68.7

Retail interest rates have been on the move recently, and the period of change is far from over. We take a early, interim look at one measure of bank rate spreads to assess how these changes are playing out

Retail interest rates have been on the move recently, and the period of change is far from over. We take a early, interim look at one measure of bank rate spreads to assess how these changes are playing out

US slows its balance sheet shrinkage; Canada labour market eases; China battles deflationary forces; Russia battles inflation jump; Wall Street ends with big weekly gain; UST 10yr 3.94%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 68.6

US slows its balance sheet shrinkage; Canada labour market eases; China battles deflationary forces; Russia battles inflation jump; Wall Street ends with big weekly gain; UST 10yr 3.94%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 68.6

A review of things you need to know before you sign off on Friday; many TD cuts, smaller houses, concrete pour rises, corruption penalised, expensive bank capital, swaps stable, NZD up, & more

A review of things you need to know before you sign off on Friday; many TD cuts, smaller houses, concrete pour rises, corruption penalised, expensive bank capital, swaps stable, NZD up, & more

US labour market stays healthy; US petrol prices low; India holds policy rate again; Taiwan exports rise; container shipping freight rates ease marginally; UST 10yr 4.00%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 68.7

US labour market stays healthy; US petrol prices low; India holds policy rate again; Taiwan exports rise; container shipping freight rates ease marginally; UST 10yr 4.00%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 68.7

Home loan rates fall again at two more banks, and 5.99% seems to be where carded retail rates are headed with SBS Bank offering that for two years fixed

Home loan rates fall again at two more banks, and 5.99% seems to be where carded retail rates are headed with SBS Bank offering that for two years fixed

A review of things you need to know before you sign off on Thursday; SBS Bank drops key rate, RBNZ survey very supportive for rate cut, card activity weak, strong NZGB demand, swaps lower, NZD stable, & more

A review of things you need to know before you sign off on Thursday; SBS Bank drops key rate, RBNZ survey very supportive for rate cut, card activity weak, strong NZGB demand, swaps lower, NZD stable, & more

Savers can expect to wave goodbye to 6% term deposit rates very soon. It is tougher to now earn a positive after-tax, after-inflation return - but still doable

Savers can expect to wave goodbye to 6% term deposit rates very soon. It is tougher to now earn a positive after-tax, after-inflation return - but still doable

US data largely positive; China exports fall, reserves rise; China's dairy industry struggles; Aussie CoL indexes higher than CPI; UST 10yr 3.97%; gold unchanged and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.9

US data largely positive; China exports fall, reserves rise; China's dairy industry struggles; Aussie CoL indexes higher than CPI; UST 10yr 3.97%; gold unchanged and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.9

A review of things you need to know before you sign off on Wednesday; only small retail rate changes today, jobs data not as tough as expected, dairy prices hold, swap rates rise sharply, NZD rises too, & more

A review of things you need to know before you sign off on Wednesday; only small retail rate changes today, jobs data not as tough as expected, dairy prices hold, swap rates rise sharply, NZD rises too, & more

Dairy prices firm; US data belies recession mood; China steel prices fall hard again; EU retail volumes soft; RBA firm on inflation-beating targets; UST 10yr 3.88%; gold down and oil little-changed; NZ$1 = 59.6 USc; TWI-5 = 68.2

Dairy prices firm; US data belies recession mood; China steel prices fall hard again; EU retail volumes soft; RBA firm on inflation-beating targets; UST 10yr 3.88%; gold down and oil little-changed; NZ$1 = 59.6 USc; TWI-5 = 68.2

A review of things you need to know before you sign off on Tuesday; some big retail rate changes, auctions draw more bidders, long ban, eyes on HLFS and RBA, swaps stop falling, NZD holds, & more

A review of things you need to know before you sign off on Tuesday; some big retail rate changes, auctions draw more bidders, long ban, eyes on HLFS and RBA, swaps stop falling, NZD holds, & more

A severe lack of rain, wind and sun is exposing the risks of renewable electricity generation's role in our baseload electricity requirements. Prices look set to rise for retail users

A severe lack of rain, wind and sun is exposing the risks of renewable electricity generation's role in our baseload electricity requirements. Prices look set to rise for retail users

More major banks rush to cut mortgage rates with sub-6% rate offers spreading. These cuts come as wholesale rates dive ahead of next week's RBNZ rate review. Some TD rates drop too

More major banks rush to cut mortgage rates with sub-6% rate offers spreading. These cuts come as wholesale rates dive ahead of next week's RBNZ rate review. Some TD rates drop too

Equity markets in a summer swoon as fear washes over investors; despite that global services sectors optimistic; eyes on RBA; markets reprice for steep RBNZ cutting cycle; UST 10yr 3.77%; gold and oil down; NZ$1 = 59.3 USc; TWI-5 = 68

Equity markets in a summer swoon as fear washes over investors; despite that global services sectors optimistic; eyes on RBA; markets reprice for steep RBNZ cutting cycle; UST 10yr 3.77%; gold and oil down; NZ$1 = 59.3 USc; TWI-5 = 68

A review of things you need to know before you sign off on Monday; only minor retail rate changes, Barfoot volumes up while prices drop, cold snap jerks power prices up, some equity markets roiled, swaps down, NZD holds, & more

A review of things you need to know before you sign off on Monday; only minor retail rate changes, Barfoot volumes up while prices drop, cold snap jerks power prices up, some equity markets roiled, swaps down, NZD holds, & more

China coopts its banks to deliver a kick-start, boosts urbanisation target; US labour market eases back; financial markets reassess optimism; UST 10yr 3.79%; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4

China coopts its banks to deliver a kick-start, boosts urbanisation target; US labour market eases back; financial markets reassess optimism; UST 10yr 3.79%; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4

The global capital markets are truly enormous. This gigantic ocean of capital washes over us and the countries we trade with. We update their relative sizes and changes

The global capital markets are truly enormous. This gigantic ocean of capital washes over us and the countries we trade with. We update their relative sizes and changes

US jobs expansion disappoints; China says to will pivot to support common prosperity; Indian bankruptcy roils cricket; UST 10yr 3.79%; Wall Street down; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4

US jobs expansion disappoints; China says to will pivot to support common prosperity; Indian bankruptcy roils cricket; UST 10yr 3.79%; Wall Street down; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4

A review of things you need to know before you sign off on Friday; no retail rate changes, car sales not as weak as expected, Du Val receivership, house sellers capitulate, eyes on electricity market issues, swaps lower, NZD stable, & more

A review of things you need to know before you sign off on Friday; no retail rate changes, car sales not as weak as expected, Du Val receivership, house sellers capitulate, eyes on electricity market issues, swaps lower, NZD stable, & more

US PMIs fall ahead of non-farm payrolls report taking bond & equity markets lower; global PMIs mixed; China housing still in crisis; Aussie trade surplus rises; UST 10yr 3.98%; gold up and oil lower; NZ$1 = 59.5 USc; TWI-5 = 68.7

US PMIs fall ahead of non-farm payrolls report taking bond & equity markets lower; global PMIs mixed; China housing still in crisis; Aussie trade surplus rises; UST 10yr 3.98%; gold up and oil lower; NZ$1 = 59.5 USc; TWI-5 = 68.7

A review of things you need to know before you sign off on Thursday; inventory of houses for sale swells, CoreLogic sees price drops, bad mortgage debt levels off, NZGBs very popular, swaps stable, NZD firm, & more

A review of things you need to know before you sign off on Thursday; inventory of houses for sale swells, CoreLogic sees price drops, bad mortgage debt levels off, NZGBs very popular, swaps stable, NZD firm, & more

US Fed delivers a clear 'cut' signal; US data supports that; Japan raises its policy rate; Taiwan expands fast; EU inflation edges up; ditto Australia; UST 10yr 4.10%; gold up and oil jumps; NZ$1 = 59.4 USc; TWI-5 = 68.5

US Fed delivers a clear 'cut' signal; US data supports that; Japan raises its policy rate; Taiwan expands fast; EU inflation edges up; ditto Australia; UST 10yr 4.10%; gold up and oil jumps; NZ$1 = 59.4 USc; TWI-5 = 68.5

ANZ cuts floating & fixed home loan rates, business base rates, and some term deposit rates. But raises one term deposit rate by 50 basis points

ANZ cuts floating & fixed home loan rates, business base rates, and some term deposit rates. But raises one term deposit rate by 50 basis points

A review of things you need to know before you sign off on Wednesday; more rate cuts, steep drop in building permits, surprise rise in business sentiment, loan demand uninspiring, households shift to TDs, swaps slip, NZD firms, & more

A review of things you need to know before you sign off on Wednesday; more rate cuts, steep drop in building permits, surprise rise in business sentiment, loan demand uninspiring, households shift to TDs, swaps slip, NZD firms, & more