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Nick Smyth
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Equity and bond markets stabilised on Friday night; USD fell for a second session running with investors starting to contemplate Fed rate cuts this year; NZD has continued to recover from its year-to-date lows reached earlier in the week
27th May 19, 8:18am
Equity and bond markets stabilised on Friday night; USD fell for a second session running with investors starting to contemplate Fed rate cuts this year; NZD has continued to recover from its year-to-date lows reached earlier in the week
Global rates and equities moved sharply lower overnight; disappointing US data sparked a turnaround in the USD, which has weakened across the board; NZD has bounced back above 0.65; NZ rates continued fall yesterday
24th May 19, 7:58am
Global rates and equities moved sharply lower overnight; disappointing US data sparked a turnaround in the USD, which has weakened across the board; NZD has bounced back above 0.65; NZ rates continued fall yesterday
Equities and global rates have moved lower overnight after reports the US would extend restrictions to more Chinese technology firms; Fed reiterated its pledge to be patient; NZD has continued to grind lower amid building OCR rate cut expectations
23rd May 19, 8:14am
Equities and global rates have moved lower overnight after reports the US would extend restrictions to more Chinese technology firms; Fed reiterated its pledge to be patient; NZD has continued to grind lower amid building OCR rate cut expectations
Equity markets have rebounded over the past 24 hours; Brexit continues to linger as a risk for markets; NZD made a fresh year-to-date low; bond yields have continued to edge higher
22nd May 19, 8:09am
Equity markets have rebounded over the past 24 hours; Brexit continues to linger as a risk for markets; NZD made a fresh year-to-date low; bond yields have continued to edge higher
Equity markets have remained under pressure overnight; moves in other markets have generally been contained, although the AUD benefited from the Liberal-National coalition’s unexpected election victory over the weekend
21st May 19, 8:14am
Equity markets have remained under pressure overnight; moves in other markets have generally been contained, although the AUD benefited from the Liberal-National coalition’s unexpected election victory over the weekend
Equity markets ended last week on a soft note; AUD opened higher this morning; there may be some positive knock-on effect to the NZD; USD was stronger across-the-board on Friday
20th May 19, 8:15am
Equity markets ended last week on a soft note; AUD opened higher this morning; there may be some positive knock-on effect to the NZD; USD was stronger across-the-board on Friday
Risk sentiment has continued to improve overnight, with equities making further gains and Treasury yields moving higher; USD has strengthened; NZD and AUD have continued to drift to new lows
17th May 19, 8:05am
Risk sentiment has continued to improve overnight, with equities making further gains and Treasury yields moving higher; USD has strengthened; NZD and AUD have continued to drift to new lows
Equity markets have moved higher overnight after reports that Trump would delay a decision on auto tariffs by up to six months; in contrast, weaker Chinese and US economic data pulled bond yields lower; NZD has continued to grind lower overnight
16th May 19, 7:49am
Equity markets have moved higher overnight after reports that Trump would delay a decision on auto tariffs by up to six months; in contrast, weaker Chinese and US economic data pulled bond yields lower; NZD has continued to grind lower overnight
Markets have recovered over the past 24 hours after some more optimistic-sounding comments from President Trump on the prospect of a trade deal with China; equities and bond yields moved higher while the NZD and AUD increased modestly
15th May 19, 7:48am
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Markets have recovered over the past 24 hours after some more optimistic-sounding comments from President Trump on the prospect of a trade deal with China; equities and bond yields moved higher while the NZD and AUD increased modestly
China retaliated by increasing tariffs on $60b of US imports by up to 25%; US equities plunged, bond yields fell and the AUD and NZD depreciated; CNY experienced a chunky 0.8% fall
14th May 19, 8:07am
China retaliated by increasing tariffs on $60b of US imports by up to 25%; US equities plunged, bond yields fell and the AUD and NZD depreciated; CNY experienced a chunky 0.8% fall
US to increase tariffs on around $200b worth of Chinese imports to 25%; after initially falling, US and Chinese equities and US Treasury yields ended higher on the day on Friday; currency movements, including the NZD, have been contained
13th May 19, 8:07am
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US to increase tariffs on around $200b worth of Chinese imports to 25%; after initially falling, US and Chinese equities and US Treasury yields ended higher on the day on Friday; currency movements, including the NZD, have been contained
USD has strengthened across the board, taking the NZD down to its recent lows in the process; implied volatility across a number of asset classes is at historically low levels
12th Apr 19, 7:46am
USD has strengthened across the board, taking the NZD down to its recent lows in the process; implied volatility across a number of asset classes is at historically low levels
Global rates lower overnight, although they have recovered marginally over the past hour after the release of the FOMC minutes; equity markets are unchanged to slightly higher while the USD is weaker; AUD has outperformed
11th Apr 19, 8:08am
Global rates lower overnight, although they have recovered marginally over the past hour after the release of the FOMC minutes; equity markets are unchanged to slightly higher while the USD is weaker; AUD has outperformed
Equities and bond yields have fallen and the JPY outperforming overnight; NZD is unchanged from this time yesterday, at 0.6740; EU is likely to reject Theresa May’s request for a short extension
10th Apr 19, 7:59am
Equities and bond yields have fallen and the JPY outperforming overnight; NZD is unchanged from this time yesterday, at 0.6740; EU is likely to reject Theresa May’s request for a short extension
US equities markets are little changed while bond yields have nudged higher, the latter supported by a further rise in oil prices; USD has weakened across the board, although the NZD has underperformed and is up only modestly
9th Apr 19, 8:11am
US equities markets are little changed while bond yields have nudged higher, the latter supported by a further rise in oil prices; USD has weakened across the board, although the NZD has underperformed and is up only modestly
S&P500 ended the week within touching distance of its all-time highs, while bond yields fell modestly; currency moves were contained, although the NZD was the worst performer on Friday
8th Apr 19, 8:34am
S&P500 ended the week within touching distance of its all-time highs, while bond yields fell modestly; currency moves were contained, although the NZD was the worst performer on Friday
US equities and bond yields are slightly higher overnight; most currencies are little changed, with the exception of the GBP, which has remained under pressure; NZD is hovering just below 0.68
29th Mar 19, 8:06am
US equities and bond yields are slightly higher overnight; most currencies are little changed, with the exception of the GBP, which has remained under pressure; NZD is hovering just below 0.68
US equities and bond yields have moved modestly higher; currency market moves have been reasonably subdued, although the GBP has strengthened slightly; NZD has consolidated
27th Mar 19, 7:53am
US equities and bond yields have moved modestly higher; currency market moves have been reasonably subdued, although the GBP has strengthened slightly; NZD has consolidated
Much weaker German PMI survey increased concerns about the global economy; US equities were down sharply; US bond yields moved significantly lower; NZD was a bystander to the volatility in markets elsewhere
25th Mar 19, 7:58am
Much weaker German PMI survey increased concerns about the global economy; US equities were down sharply; US bond yields moved significantly lower; NZD was a bystander to the volatility in markets elsewhere
A dovish FOMC statement indicated the Fed does not intend to raise rates this year; NZD has broken through 0.69 after the FOMC meeting; NZ’s 10 year swap rate closed at a fresh, record low of 2.3275% yesterday
21st Mar 19, 8:09am
A dovish FOMC statement indicated the Fed does not intend to raise rates this year; NZD has broken through 0.69 after the FOMC meeting; NZ’s 10 year swap rate closed at a fresh, record low of 2.3275% yesterday
US equities up again and testing the highs of the year, although bonds have been largely unmoved; GBP remains very volatile; NZ rates had another sizable decline yesterday; NZD is down 0.2% over the past 24 hours to 0.6845
14th Mar 19, 8:16am
US equities up again and testing the highs of the year, although bonds have been largely unmoved; GBP remains very volatile; NZ rates had another sizable decline yesterday; NZD is down 0.2% over the past 24 hours to 0.6845
A slightly weaker than expected US core CPI release overnight has triggered a fall in the USD and US rates; GBP remains volatile; NZD was again the top performing currency and NZD/AUD is now testing 0.97
13th Mar 19, 8:08am
A slightly weaker than expected US core CPI release overnight has triggered a fall in the USD and US rates; GBP remains volatile; NZD was again the top performing currency and NZD/AUD is now testing 0.97
Global equities markets up strongly; US rates have been largely unmoved; GBP has recovered ahead of Theresa May’s Brexit vote tonight; NZD is up 0.35% to 0.6830 USD
12th Mar 19, 8:08am
Global equities markets up strongly; US rates have been largely unmoved; GBP has recovered ahead of Theresa May’s Brexit vote tonight; NZD is up 0.35% to 0.6830 USD
US equities and bond yields close to unchanged on the day; USD was broadly lower on the day, although the bulk of those losses had occurred pre-payrolls; NZD was the top-performing currency on Friday
11th Mar 19, 8:16am
US equities and bond yields close to unchanged on the day; USD was broadly lower on the day, although the bulk of those losses had occurred pre-payrolls; NZD was the top-performing currency on Friday
US equity markets have fallen back sharply overnight while global rates have declined; USD is modestly higher, although the NZD and AUD have outperformed; NZ rates increased, and the curve steepened yesterday
5th Mar 19, 8:21am
US equity markets have fallen back sharply overnight while global rates have declined; USD is modestly higher, although the NZD and AUD have outperformed; NZ rates increased, and the curve steepened yesterday