Nick Smyth

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Articles by Nick Smyth

29th May 20, 7:56am
1
Equities move higher again as market optimism over an economic recovery grows. Risk-on backdrops sees USD weaken, NZD rise above 0.62. Little move in NZ or global rates over the past 24 hours
Equities move higher again as market optimism over an economic recovery grows. Risk-on backdrops sees USD weaken, NZD rise above 0.62. Little move in NZ or global rates over the past 24 hours
29th May 20, 7:56am
25th May 20, 7:41am
US, European equities make small gains despite worries about Hong Kong, US-China tensions. NZD falls modestly, ends the week below 0.61. RBNZ tapers bond buying slightly, but little reaction in NZ rates
US, European equities make small gains despite worries about Hong Kong, US-China tensions. NZD falls modestly, ends the week below 0.61. RBNZ tapers bond buying slightly, but little reaction in NZ rates
25th May 20, 7:41am
22nd May 20, 7:52am
2
Equity markets fall modestly on more US-China tensions. Little change in global rates. NZD and AUD decline due to more cautious risk sentiment
Equity markets fall modestly on more US-China tensions. Little change in global rates. NZD and AUD decline due to more cautious risk sentiment
22nd May 20, 7:52am
18th May 20, 7:54am
Equity markets shrug off more US-China tensions. NZD underperforms, NZD/AUD makes fresh 6-month low. GBP under pressure on renewed Brexit concerns
Equity markets shrug off more US-China tensions. NZD underperforms, NZD/AUD makes fresh 6-month low. GBP under pressure on renewed Brexit concerns
18th May 20, 7:54am
11th May 20, 7:50am
Global equities finish last week strongly as markets look through 20.5 million US job loss. US rates increase on speculation the Fed will push back against negative rates
Global equities finish last week strongly as markets look through 20.5 million US job loss. US rates increase on speculation the Fed will push back against negative rates
11th May 20, 7:50am
8th May 20, 7:58am
13
US rates fall as Fed fund futures trade with (slightly) negative rates. Equity markets push higher. USD weakens, NZD up 1.2% overnight
US rates fall as Fed fund futures trade with (slightly) negative rates. Equity markets push higher. USD weakens, NZD up 1.2% overnight
8th May 20, 7:58am
7th May 20, 7:59am
1
Tech sector leads US equities higher. Yield curves higher after steeper after US Treasury unveils more long-end issuance. Finance Minister Robertson to deliver pre-Budget address today
Tech sector leads US equities higher. Yield curves higher after steeper after US Treasury unveils more long-end issuance. Finance Minister Robertson to deliver pre-Budget address today
7th May 20, 7:59am
4th May 20, 8:24am
1
Equities fall sharply on Friday. NZD and AUD fall over 1%. RBNZ keeps the foot on the throttle with QE. Another big fall in NZ interest rates
Equities fall sharply on Friday. NZD and AUD fall over 1%. RBNZ keeps the foot on the throttle with QE. Another big fall in NZ interest rates
4th May 20, 8:24am
30th Apr 20, 7:58am
Sharp rise in equity markets after Gilead’s remdesivir drug shows positive trial results. Commodities, EM currencies, NZD and AUD bounce higher. Not much new from the Fed – global rates little changed
Sharp rise in equity markets after Gilead’s remdesivir drug shows positive trial results. Commodities, EM currencies, NZD and AUD bounce higher. Not much new from the Fed – global rates little changed
30th Apr 20, 7:58am
28th Apr 20, 7:54am
Equity markets push higher. NZD and (particularly) AUD outperform on positive risk sentiment. More volatility in the oil market, but little impact to other markets
Equity markets push higher. NZD and (particularly) AUD outperform on positive risk sentiment. More volatility in the oil market, but little impact to other markets
28th Apr 20, 7:54am
23rd Apr 20, 7:57am
Equity markets, oil prices bounce back overnight. ECB says it will accept high-yield bonds as collateral in its operations. NZD/AUD reaches lowest level since mid-November
Equity markets, oil prices bounce back overnight. ECB says it will accept high-yield bonds as collateral in its operations. NZD/AUD reaches lowest level since mid-November
23rd Apr 20, 7:57am
21st Apr 20, 7:48am
WTI oil price trades below zero on oil glut and technical factors. But little ripple effect elsewhere – S&P500 -1.5% but bonds little changed. NZ plans to come off Covid Level 4 next Tuesday
WTI oil price trades below zero on oil glut and technical factors. But little ripple effect elsewhere – S&P500 -1.5% but bonds little changed. NZ plans to come off Covid Level 4 next Tuesday
21st Apr 20, 7:48am
17th Apr 20, 8:02am
Subdued moves overnight. Broad-based increase in the USD. NZD underperforms as Governor Orr says negative rates haven’t been ruled out in the future
Subdued moves overnight. Broad-based increase in the USD. NZD underperforms as Governor Orr says negative rates haven’t been ruled out in the future
17th Apr 20, 8:02am
15th Apr 20, 7:53am
1
Equity markets push higher. USD weakens as risk appetite continues to recover, but NZD underperforms. NZ government announces more fiscal assistance for businesses
Equity markets push higher. USD weakens as risk appetite continues to recover, but NZD underperforms. NZ government announces more fiscal assistance for businesses
15th Apr 20, 7:53am
9th Apr 20, 8:02am
1
US equity markets rise strongly again. Oil spikes higher ahead of OPEC+ meeting tonight. Offshore bond yields head higher. RBNZ officials signal increase to QE program size, seem to push back on corporate purchases
US equity markets rise strongly again. Oil spikes higher ahead of OPEC+ meeting tonight. Offshore bond yields head higher. RBNZ officials signal increase to QE program size, seem to push back on corporate purchases
9th Apr 20, 8:02am
7th Apr 20, 7:43am
Big rise in equities on optimism that containment measures will get lifted soon in Europe. Global rates and commodity currencies rise on improved sentiment. RBNZ buys LFGA bonds for the first time in small size
Big rise in equities on optimism that containment measures will get lifted soon in Europe. Global rates and commodity currencies rise on improved sentiment. RBNZ buys LFGA bonds for the first time in small size
7th Apr 20, 7:43am
3rd Apr 20, 7:50am
3
Oil rockets more than 20% higher after Trump says OPEC+ to cut production by 10m-15m barrels per day boosting energy stocks and inflation expectations. US jobless claims hit 6.65 million. Further signs of life in offshore credit markets
Oil rockets more than 20% higher after Trump says OPEC+ to cut production by 10m-15m barrels per day boosting energy stocks and inflation expectations. US jobless claims hit 6.65 million. Further signs of life in offshore credit markets
3rd Apr 20, 7:50am
1st Apr 20, 7:50am
Market moves reasonably modest overnight (for a change). Trump proposes $2 trillion infrastructure package, Japan outlines big fiscal stimulus too
Market moves reasonably modest overnight (for a change). Trump proposes $2 trillion infrastructure package, Japan outlines big fiscal stimulus too
1st Apr 20, 7:50am
30th Mar 20, 7:55am
Equities, bond yields lower despite US $2 trillion fiscal stimulus package. Bank of Canada cuts -50bps, announces first QE program. USD weakens again
Equities, bond yields lower despite US $2 trillion fiscal stimulus package. Bank of Canada cuts -50bps, announces first QE program. USD weakens again
30th Mar 20, 7:55am
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

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