by Warren Head | Jul 22, 2024 | Business, Economy, Global Share Markets, Money Market
22.7.,24 Financial markets ended last week on a soft note, with weaker global equity markets, higher global rates and lower commodity prices notes NZ Markets this morning. “Volumes were light, as trading activity was restricted by the global IT outage that affected...
by Warren Head | Jun 13, 2024 | Business, Currency, Economy, Money Market
Softer than expected US CPI data contributed to large moves across global markets ahead of the FOMC decision at the US Federal Reserve overnight. “Bond yields fell sharply as investors increased the amount of easing expected by the Fed this year,” said Stuart Ritson,...
by Warren Head | Jun 5, 2024 | Business
The grocery supermarket shareholders of Foodstuffs North Island and Foodstuffs South Island have voted in support of the proposed merger of the grocery chains into one New Zealand-wide co-op.. In November 2023, both co-op boards proposed the merger, saying it...
by Warren Head | May 31, 2024 | Business, Currency, Economy, Money Market
Market reaction to the NZ Budget was minimal, noted BNZ Markets this morning, US economic data releases were bond-friendly, consistent with slowing growth and weaker inflation. US Treasury yields reversed course after their rise this week, encouraged by weaker data...
by Warren Head | May 30, 2024 | Business, Currency, Money Market
30.5.24 The domestic focus will centre on the Budget today. BNZ Markets notes this morning that Finance Minister Willis has already flagged that the operating balance for 2024/25 will deteriorate relative to the Half Year Economic and Fiscal Update in December. “The...
by Warren Head | May 10, 2024 | Business, Currency, Economy, Global Share Markets, Money Market
Overnight, much weaker than expected US initial jobless claims figures triggered lower US Treasury yields and a weaker USD, although moves have been modest, notes BNZ this morning. “The BoE signalled a rate cut was soon coming, something the...
