Kiwi eases and rates reverse course

It has been a quiet start to the week with little newsflow to perturb the market, notes BNZ Markets this morning. Global rates markets have reversed course after last week’s strong rally, seeing yields much higher across Europe and the US, says Jason Wong, senior...

Less worry about hard landing

27.6.22 Risk sentiment improved at the end of last week, with evidently less concern about inflation or a possible hard landing for the US economy, comments Jason Wong at BNZ Markets. The S&P500 surged over 3% on Friday, adding to gains seen earlier in the week....

Risk appetite wanes on markets

The AUD and NZD have been the weakest performers over the past 24 hours. NZD has recovered to just under 0.63 after falling below 0.6250 overnight. Risk appetite appears weaker when viewed from the perspective of bonds, currencies and commodities.  Recession fears...

Risk appetite extends on markets

22.6.22 Newsflow has remained light but the positive start to the week for risk appetite has extended overnight, with strong gains for US equities and global rates pushing higher, says BNZ Markets. “The yen continues to face downward pressure, with USD/JPY breaking...

Mild upside in commodity currencies

21.6.22 After wild financial markets last week, risk appetite has ticked higher, with US equity futures rebounding and Treasury futures implying slightly higher yields, says BNZ Markets. Currency moves have been muted, with commodity currencies showing some mild...