11th May 21, 7:37am
Inflation expectations continue to rise, US 10y BEIs up to a fresh 8-year high; industrial commodity prices stretch higher. Further rotation out of tech stocks into "value". GBP gains over 1% post Scottish elections
Inflation expectations continue to rise, US 10y BEIs up to a fresh 8-year high; industrial commodity prices stretch higher. Further rotation out of tech stocks into "value". GBP gains over 1% post Scottish elections
5th May 21, 7:49am
Rotation out of big tech drags down US equity indices. Negative risk sentiment weighed by Yellen talk of possible rise in rates. US 10-year Treasury rate drifts lower. Safe haven currencies outperform - NZD and AUD show notable fall
Rotation out of big tech drags down US equity indices. Negative risk sentiment weighed by Yellen talk of possible rise in rates. US 10-year Treasury rate drifts lower. Safe haven currencies outperform - NZD and AUD show notable fall
4th May 21, 7:46am
US ISM manufacturing weaker, but with noted supply issues and inflationary pressures. Some reversal of Friday's move - US equities higher, USD lower
US ISM manufacturing weaker, but with noted supply issues and inflationary pressures. Some reversal of Friday's move - US equities higher, USD lower
3rd May 21, 9:09am
A weak end to a strong April for US equities. Wealth of data points to stronger US growth and inflation pressure. USTs drift lower in yield, USD shows broadly based rebound
A weak end to a strong April for US equities. Wealth of data points to stronger US growth and inflation pressure. USTs drift lower in yield, USD shows broadly based rebound
30th Apr 21, 7:51am
US equities rise to fresh record high on solid economic data and strong earnings season. US Treasury yields push a little higher; break-even inflation rate at fresh 8-year high; Copper breaks $10,000. Despite all that, NZD pulls back
US equities rise to fresh record high on solid economic data and strong earnings season. US Treasury yields push a little higher; break-even inflation rate at fresh 8-year high; Copper breaks $10,000. Despite all that, NZD pulls back
29th Apr 21, 8:04am
US Fed upgrades economic assessment but remains dovish on the policy outlook. USD broadly weaker pre and post FOMC announcement. USTs range trade, US equities a touch higher. NZD outperforms, up 0.7% to 0.7260
US Fed upgrades economic assessment but remains dovish on the policy outlook. USD broadly weaker pre and post FOMC announcement. USTs range trade, US equities a touch higher. NZD outperforms, up 0.7% to 0.7260
28th Apr 21, 8:01am
S&P500 flat around record high. US 10-year rate trends higher, up 5bps, with higher supply and commodity prices in the mix. NZD and AUD head lower despite positive commodity price backdrop. FOMC policy update in less than 24 hours
S&P500 flat around record high. US 10-year rate trends higher, up 5bps, with higher supply and commodity prices in the mix. NZD and AUD head lower despite positive commodity price backdrop. FOMC policy update in less than 24 hours
27th Apr 21, 7:55am
Risk sentiment higher from Friday on positive economic data. US equities track close to record high but bond markets flat. NZD and AUD well supported, up to 0.7240 and above 0.78 respectively. Big week ahead for economic data and other events
Risk sentiment higher from Friday on positive economic data. US equities track close to record high but bond markets flat. NZD and AUD well supported, up to 0.7240 and above 0.78 respectively. Big week ahead for economic data and other events
15th Apr 21, 7:28am
US earnings season off to a strong start. UST yields push higher; Oil prices up 4-5%. No market reaction to as-expected RBNZ MPR.
US earnings season off to a strong start. UST yields push higher; Oil prices up 4-5%. No market reaction to as-expected RBNZ MPR.
14th Apr 21, 7:50am
Stronger than expected US CPI inflation data. Market celebrates the inflation surprise by driving US equities higher, UST yields and USD lower. RBNZ Monetary Policy Review today not expected to rock the market.
Stronger than expected US CPI inflation data. Market celebrates the inflation surprise by driving US equities higher, UST yields and USD lower. RBNZ Monetary Policy Review today not expected to rock the market.
13th Apr 21, 7:13am
Equity markets slightly lower; UST yields slightly higher. NZD and AUD flat. US CPI tonight to be closely watched
Equity markets slightly lower; UST yields slightly higher. NZD and AUD flat. US CPI tonight to be closely watched
8th Apr 21, 7:11am
US corporate tax plan and FOMC minutes have little impact on market. US equities flat; US Treasury yields track sideways. Further cloud over AstraZenecca vaccine. Commodity currencies and GBP underperform
US corporate tax plan and FOMC minutes have little impact on market. US equities flat; US Treasury yields track sideways. Further cloud over AstraZenecca vaccine. Commodity currencies and GBP underperform
7th Apr 21, 7:51am
GDT dairy auction positively surprises, but NZD still on the softer side of the ledger. US equities consolidate near record high. US Treasury yields push lower
GDT dairy auction positively surprises, but NZD still on the softer side of the ledger. US equities consolidate near record high. US Treasury yields push lower
31st Mar 21, 8:08am
UST10 yields rise to a fresh 14-month high before falling back, now lower from NZ close. NZD's gain yesterday extinguished as USD stages a broadly based rally. Market awaits President Biden's speech outlining yet more trillions of dollars of spending
UST10 yields rise to a fresh 14-month high before falling back, now lower from NZ close. NZD's gain yesterday extinguished as USD stages a broadly based rally. Market awaits President Biden's speech outlining yet more trillions of dollars of spending
30th Mar 21, 7:42am
No contagion evident from forced selling as hedge fund gets in trouble. Ship freed, allowing Suez Canal to reopen. Risk sentiment turns from negative to positive. NZD shows tentative signs of recovering after last week's selldown
No contagion evident from forced selling as hedge fund gets in trouble. Ship freed, allowing Suez Canal to reopen. Risk sentiment turns from negative to positive. NZD shows tentative signs of recovering after last week's selldown
25th Mar 21, 7:57am
Slight improvement in risk sentiment pushes US equities and UST yields higher. Oil bounces back. Significant falls in NZ mid-long term rates on global forces and less debt issuance ahead
Slight improvement in risk sentiment pushes US equities and UST yields higher. Oil bounces back. Significant falls in NZ mid-long term rates on global forces and less debt issuance ahead
24th Mar 21, 7:46am
Government housing policy creates economic uncertainty, driving down NZ rates and NZD which is down 2.3% in last 24 hours. Oil prices down over 6% on concerns extended European lockdowns will curb demand
Government housing policy creates economic uncertainty, driving down NZ rates and NZD which is down 2.3% in last 24 hours. Oil prices down over 6% on concerns extended European lockdowns will curb demand
23rd Mar 21, 7:58am
US Treasury yields retreat supporting risk sentiment. No fallout from plunge in Turkish Lira. NZD recovers to around 0.7180. RBNZ continues to suppress NZ long term rates
US Treasury yields retreat supporting risk sentiment. No fallout from plunge in Turkish Lira. NZD recovers to around 0.7180. RBNZ continues to suppress NZ long term rates
19th Mar 21, 7:39am
UST yields surge higher in the aftermath of Fed's policy update. US equities and USD reverse some of the initial post-FOMC move. NZD underperforms, back below 0.72 not helped by softer GDP and strong Australian labour market report
UST yields surge higher in the aftermath of Fed's policy update. US equities and USD reverse some of the initial post-FOMC move. NZD underperforms, back below 0.72 not helped by softer GDP and strong Australian labour market report
18th Mar 21, 7:48am
US yields and USD higher, equities lower pre FOMC announcement, but Fed delivers a very dovish missive. No rate hike until at least 2024 despite strong economy and above-target inflation. UST yields holds near highs
US yields and USD higher, equities lower pre FOMC announcement, but Fed delivers a very dovish missive. No rate hike until at least 2024 despite strong economy and above-target inflation. UST yields holds near highs
17th Mar 21, 7:57am
Quiet trading conditions ahead of tomorrow's FOMC announcement. Flat pricing across US equities, USTs and USD; NZD flat around 0.72. Markets unperturbed by softer US data. GDT dairy auction pricing falls back after stellar prior auction
Quiet trading conditions ahead of tomorrow's FOMC announcement. Flat pricing across US equities, USTs and USD; NZD flat around 0.72. Markets unperturbed by softer US data. GDT dairy auction pricing falls back after stellar prior auction
11th Mar 21, 7:54am
Soft US core CPI data supports bond and equity markets, softens USD. NZD touches 0,72 overnight. Dovish RBA yesterday helps drive NZ rates lower
Soft US core CPI data supports bond and equity markets, softens USD. NZD touches 0,72 overnight. Dovish RBA yesterday helps drive NZ rates lower
10th Mar 21, 7:55am
Market sentiment flips - big tech charges ahead, driving higher US equities. US 10-year rate pushes lower. OECD does a massive upgrade of world growth outlook. USD reverses course; NZD and AUD recover some lost ground. NZ economy flattening out
Market sentiment flips - big tech charges ahead, driving higher US equities. US 10-year rate pushes lower. OECD does a massive upgrade of world growth outlook. USD reverses course; NZD and AUD recover some lost ground. NZ economy flattening out
9th Mar 21, 7:44am
USD remains well supported as US 10-year rate consolidates around 1.60%. EM currencies struggling, as is the NZD. US and European equities start the week on a positive note
USD remains well supported as US 10-year rate consolidates around 1.60%. EM currencies struggling, as is the NZD. US and European equities start the week on a positive note
4th Mar 21, 7:54am
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
