Nick Smyth

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Articles by Nick Smyth

20th Mar 20, 7:57am
Markets show some tentative signs of stability. Central banks ramp up policy support. Fed sets up Money Market fund to ease funding strains, expands FX swap lines
Markets show some tentative signs of stability. Central banks ramp up policy support. Fed sets up Money Market fund to ease funding strains, expands FX swap lines
20th Mar 20, 7:57am
19th Mar 20, 7:50am
10
Equity markets lower, but bond yields higher again. NZGB market coming under stress. Another huge USD rally with the NZD down to 0.5750, Oil falls to its lowest level since 2003
Equity markets lower, but bond yields higher again. NZGB market coming under stress. Another huge USD rally with the NZD down to 0.5750, Oil falls to its lowest level since 2003
19th Mar 20, 7:50am
18th Mar 20, 8:03am
2
Volatile markets continue – S&P500 rises 5%, US 10y higher as White House sets out big fiscal stimulus plans. Fed announces programme to buy commercial paper in a bid to help funding markets
Volatile markets continue – S&P500 rises 5%, US 10y higher as White House sets out big fiscal stimulus plans. Fed announces programme to buy commercial paper in a bid to help funding markets
18th Mar 20, 8:03am
17th Mar 20, 7:58am
1
GFC-like moves in markets – S&P500 falls sharply. RBNZ cuts OCR to 0.25%, signals QE. Government to announce Phase-1 fiscal response. Fed cuts rates to 0%-0.25% and restarts QE
GFC-like moves in markets – S&P500 falls sharply. RBNZ cuts OCR to 0.25%, signals QE. Government to announce Phase-1 fiscal response. Fed cuts rates to 0%-0.25% and restarts QE
17th Mar 20, 7:58am
16th Mar 20, 7:49am
Extreme volatility continues. Many central banks make large rate cuts. Bond yields continue to head higher and curves steeper. NZD hits lowest level since 2009
Extreme volatility continues. Many central banks make large rate cuts. Bond yields continue to head higher and curves steeper. NZD hits lowest level since 2009
16th Mar 20, 7:49am
5th Mar 20, 7:53am
Equities rebound, bond yields stay low. Bank of Canada cuts 50bps, to 1.25%. RBNZ hints that it will wait until March 25 to decide. NZD drifts higher over the past 24 hours
Equities rebound, bond yields stay low. Bank of Canada cuts 50bps, to 1.25%. RBNZ hints that it will wait until March 25 to decide. NZD drifts higher over the past 24 hours
5th Mar 20, 7:53am
3rd Mar 20, 7:52am
Equities rise on the prospect of globally coordinated policy response. RBA meeting today – market expects 25bp cut. NZ rates hit record lows as market prices 40% chance of RBNZ 50bp March cut
Equities rise on the prospect of globally coordinated policy response. RBA meeting today – market expects 25bp cut. NZ rates hit record lows as market prices 40% chance of RBNZ 50bp March cut
3rd Mar 20, 7:52am
2nd Mar 20, 7:44am
2
Fed releases a surprise statement saying that it will “act as appropriate” – market prices 35bps of Fed cuts for March meeting. Chinese PMIs slump to record lows – should see NZD and AUD open lower this morning
Fed releases a surprise statement saying that it will “act as appropriate” – market prices 35bps of Fed cuts for March meeting. Chinese PMIs slump to record lows – should see NZD and AUD open lower this morning
2nd Mar 20, 7:44am
21st Feb 20, 7:49am
5
Market jitters around COVID-19 grow stronger, spilling over into weakness in equities. Asian currencies fall further on COVID-19 fears. AUD hits 11-year low, NZD down to 0.6335
Market jitters around COVID-19 grow stronger, spilling over into weakness in equities. Asian currencies fall further on COVID-19 fears. AUD hits 11-year low, NZD down to 0.6335
21st Feb 20, 7:49am
20th Feb 20, 7:53am
Equities rise to new highs; Apple’s revenue revision now ‘yesterday’s news’. USD strengthens further. JPY weakens sharply due to recession fears, risk-on backdrop. Stronger USD drives NZD down to a fresh low for 2020
Equities rise to new highs; Apple’s revenue revision now ‘yesterday’s news’. USD strengthens further. JPY weakens sharply due to recession fears, risk-on backdrop. Stronger USD drives NZD down to a fresh low for 2020
20th Feb 20, 7:53am
19th Feb 20, 7:49am
Risk-off backdrop yesterday after Apple says it doesn’t expect to meet revenue guidance due to COVID-19. Equities fall further overnight before recovering over the last hour. Broad-based strength in the USD. NZD hovering just above YTD lows
Risk-off backdrop yesterday after Apple says it doesn’t expect to meet revenue guidance due to COVID-19. Equities fall further overnight before recovering over the last hour. Broad-based strength in the USD. NZD hovering just above YTD lows
19th Feb 20, 7:49am
18th Feb 20, 7:53am
Markets very quiet with the US out for Presidents Day. China cuts MLF rate by 10bps, supporting Chinese equities and broader sentiment. NZD unchanged to start the week
Markets very quiet with the US out for Presidents Day. China cuts MLF rate by 10bps, supporting Chinese equities and broader sentiment. NZD unchanged to start the week
18th Feb 20, 7:53am
17th Feb 20, 7:46am
Equities consolidate on Friday night but S&P500 manages to make a fresh record high. Global rates fall after soft US retail sales release. New COVID-19 cases fall for a 3rd day in a row – should be a boost to risk assets to start the week
Equities consolidate on Friday night but S&P500 manages to make a fresh record high. Global rates fall after soft US retail sales release. New COVID-19 cases fall for a 3rd day in a row – should be a boost to risk assets to start the week
17th Feb 20, 7:46am
31st Jan 20, 7:50am
1
Equities, rates, commodities fall on coronavirus growth concerns. Weakness in Asian and commodity currencies drives NZD below 0.65. BoE keeps rates on-hold, supporting the GBP
Equities, rates, commodities fall on coronavirus growth concerns. Weakness in Asian and commodity currencies drives NZD below 0.65. BoE keeps rates on-hold, supporting the GBP
31st Jan 20, 7:50am
30th Jan 20, 7:57am
Equity markets consolidate while bond yields and commodities fall. NZD makes an eight-week low amidst weakness in commodity currencies
Equity markets consolidate while bond yields and commodities fall. NZD makes an eight-week low amidst weakness in commodity currencies
30th Jan 20, 7:57am
22nd Jan 20, 8:09am
US equities shrug off reports of further spread in coronavirus, but rates stay lower. Better European and UK data. Limited moves in currencies; NZD unchanged
US equities shrug off reports of further spread in coronavirus, but rates stay lower. Better European and UK data. Limited moves in currencies; NZD unchanged
22nd Jan 20, 8:09am
20th Jan 20, 7:50am
Risk-on continues with new highs for equities in US and Europe. Market increases probability of BoE cut later this month after terrible UK retail sales. US holiday tonight, NZ market to be quiet with Wellington Anniversary Day
Risk-on continues with new highs for equities in US and Europe. Market increases probability of BoE cut later this month after terrible UK retail sales. US holiday tonight, NZ market to be quiet with Wellington Anniversary Day
20th Jan 20, 7:50am
17th Jan 20, 8:07am
Risk-on continues, with new highs for US equities. Stronger US data supports USD, rates. NZD increases after (generally) positive domestic data
Risk-on continues, with new highs for US equities. Stronger US data supports USD, rates. NZD increases after (generally) positive domestic data
17th Jan 20, 8:07am
16th Jan 20, 8:10am
1
Fresh record highs for US equities as US-China sign Phase-One deal. Very weak UK CPI data adds to case for BoE rate cut and drags down global rates. NZD underperforms again
Fresh record highs for US equities as US-China sign Phase-One deal. Very weak UK CPI data adds to case for BoE rate cut and drags down global rates. NZD underperforms again
16th Jan 20, 8:10am
15th Jan 20, 8:01am
Market sentiment remains buoyant ahead of Phase-One deal signing. US core CPI lower than expected, dragging down global rates slightly. NZD underperforms overnight
Market sentiment remains buoyant ahead of Phase-One deal signing. US core CPI lower than expected, dragging down global rates slightly. NZD underperforms overnight
15th Jan 20, 8:01am

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