Nick Smyth

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Articles by Nick Smyth

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
20th Dec 19, 7:54am
Markets in wind-down mode heading into Christmas. Equity markets nudge higher, little change to global rates. Riksbank hikes rates 25bps, ending negative rate policy
Markets in wind-down mode heading into Christmas. Equity markets nudge higher, little change to global rates. Riksbank hikes rates 25bps, ending negative rate policy
20th Dec 19, 7:54am
17th Dec 19, 7:46am
Equities, bond yields push higher as the US-China trade agreement sinks in. Market brushes off disappointing European manufacturing PMIs. NZD unchanged to start the week; ANZ business survey released today
Equities, bond yields push higher as the US-China trade agreement sinks in. Market brushes off disappointing European manufacturing PMIs. NZD unchanged to start the week; ANZ business survey released today
17th Dec 19, 7:46am
16th Dec 19, 7:53am
1
US-China agree trade deal – no December tariffs and September tariffs halved from 15% to 7.5%. Details prove underwhelming for a market with high expectations – big reversal lower in bond yields
US-China agree trade deal – no December tariffs and September tariffs halved from 15% to 7.5%. Details prove underwhelming for a market with high expectations – big reversal lower in bond yields
16th Dec 19, 7:53am
9th Dec 19, 7:54am
US nonfarm payrolls much stronger-than-expected. NZD outperforms on positive Bascand comments. Wednesday's HYEFU expected to deliver a “significant” fiscal package
US nonfarm payrolls much stronger-than-expected. NZD outperforms on positive Bascand comments. Wednesday's HYEFU expected to deliver a “significant” fiscal package
9th Dec 19, 7:54am
6th Dec 19, 8:15am
NZD and NZD/AUD make fresh four-month highs as market pares back OCR cut expectations. Little move in markets as investors await payrolls tonight
NZD and NZD/AUD make fresh four-month highs as market pares back OCR cut expectations. Little move in markets as investors await payrolls tonight
6th Dec 19, 8:15am
3rd Dec 19, 7:45am
The NZD is up 1.3% after Robertson signals “significant” fiscal stimulus, USD weakens across the board. Big move higher in global long-end rates on fiscal stimulus talk, upside surprise to Chinese PMIs
The NZD is up 1.3% after Robertson signals “significant” fiscal stimulus, USD weakens across the board. Big move higher in global long-end rates on fiscal stimulus talk, upside surprise to Chinese PMIs
3rd Dec 19, 7:45am
2nd Dec 19, 7:57am
5
NZD subdued – second-narrowest monthly trading range in 20 years. NZ Government signals “significant” fiscal package – expect NZ rates to open higher
NZD subdued – second-narrowest monthly trading range in 20 years. NZ Government signals “significant” fiscal package – expect NZ rates to open higher
2nd Dec 19, 7:57am
20th Nov 19, 7:58am
Global rates fall modestly, S&P500 unchanged. Market shrugs off “dovish” RBA minutes from yesterday. NZD top performing currency over the past 24 hours
Global rates fall modestly, S&P500 unchanged. Market shrugs off “dovish” RBA minutes from yesterday. NZD top performing currency over the past 24 hours
20th Nov 19, 7:58am
19th Nov 19, 7:49am
1
Global rates fall modestly after report China was pessimistic about a trade deal. GBP rising on UK election polls. Positive local data doesn't move many needles
Global rates fall modestly after report China was pessimistic about a trade deal. GBP rising on UK election polls. Positive local data doesn't move many needles
19th Nov 19, 7:49am
18th Nov 19, 7:45am
1
New record highs for US equities as Kudlow implies Phase-One talks in the final stages. NZD ends the week just above 0.64 supported by a rebound in PMI, RBNZ Hawkesby comments
New record highs for US equities as Kudlow implies Phase-One talks in the final stages. NZD ends the week just above 0.64 supported by a rebound in PMI, RBNZ Hawkesby comments
18th Nov 19, 7:45am
5th Nov 19, 8:00am
1
US-China trade optimism drives Dow Jones to record high, global rates higher. NZ rates experience another big move higher yesterday. NZD consolidates about 0.64. RBA expected to keep rates on hold and maintain easing bias today.
US-China trade optimism drives Dow Jones to record high, global rates higher. NZ rates experience another big move higher yesterday. NZD consolidates about 0.64. RBA expected to keep rates on hold and maintain easing bias today.
5th Nov 19, 8:00am
4th Nov 19, 9:27am
Fresh record highs for S&P500, NASDAQ after strong payrolls report. Sentiment also boosted as China says a “consensus in principle” achieved on Phase-One trade agreement. USD falls for a fifth day in a row, while NZD consolidates above 0.64.
Fresh record highs for S&P500, NASDAQ after strong payrolls report. Sentiment also boosted as China says a “consensus in principle” achieved on Phase-One trade agreement. USD falls for a fifth day in a row, while NZD consolidates above 0.64.
4th Nov 19, 9:27am
1st Nov 19, 8:35am
Equities and bond yields fall after reports that a US-China ‘Phase-Two’ agreement will be difficult. USD weakens sharply after Powell says the hurdle for Fed hikes is very high. NZ rates rise as market pares back November OCR cut pricing to 50%.
Equities and bond yields fall after reports that a US-China ‘Phase-Two’ agreement will be difficult. USD weakens sharply after Powell says the hurdle for Fed hikes is very high. NZ rates rise as market pares back November OCR cut pricing to 50%.
1st Nov 19, 8:35am
31st Oct 19, 8:23am
Fed cuts 25bps, hints as rate pause – limited reaction so far as market waits for Powell Q&A. Bank of Canada signals easing bias – Canadian dollar and rates drop sharply. Little movement in NZD overnight; ANZ Business Survey this afternoon.
Fed cuts 25bps, hints as rate pause – limited reaction so far as market waits for Powell Q&A. Bank of Canada signals easing bias – Canadian dollar and rates drop sharply. Little movement in NZD overnight; ANZ Business Survey this afternoon.
31st Oct 19, 8:23am
30th Oct 19, 8:02am
Markets consolidate ahead of FOMC tomorrow morning. UK set for December election – GBP receives initial boost. NZ rates move sharply higher yesterday – some nervousness around a Nov OCR cut.
Markets consolidate ahead of FOMC tomorrow morning. UK set for December election – GBP receives initial boost. NZ rates move sharply higher yesterday – some nervousness around a Nov OCR cut.
30th Oct 19, 8:02am

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