by Warren Head | Mar 24, 2023 | Currency, Economy, Global Share Markets, Money Market
24.3.23 US equities are higher after yesterday’s weak close. US short end rates are lower, while longer term rates are steadier. US dollar is broadly unchanged, while somewhat better risk appetite sees NZD outperform, notes BNZ Markets this morning. “The BoE hiked...
by Warren Head | Mar 23, 2023 | Currency, Economy, Global Share Markets, Money Market
Initial market reaction to the latest Fed policy update has been lower rates, modestly stronger equities and a weaker US dollar, notes BNZ Markets this morning.. “The Fed opted for a dovish 25bps hike, as widely anticipated, but ahead of the meeting there was...
by Warren Head | Mar 22, 2023 | Currency, Economy, Global Share Markets, Money Market
Equities and global rates are higher, encouraged by the moves of authorities to support the banking system, says BNZ Markets this morning. “There is now slightly more conviction that the Fed will deliver a 25bps hike in the next 24 hours.” Says Jason Wong, senior...
by Warren Head | Mar 21, 2023 | Currency, Economy, Global Share Markets, Market Commentary, Money Market
Market conditions have been volatile following the deal brokered over the weekend for UBS to buy Credit Suisse, notes BNZ Markets this morning. The US 2-year rate has traded a 40bps range. Both the 2 and 10-year rates are currently higher on the day. Equity markets...
by Warren Head | Mar 20, 2023 | Currency, Economy, Market Commentary, Money Market
Fears of bank contagion risk continued to grip the market at the end of last week, notes BNZ Markets this Monday morning. Key US and European equity market indices fell by over 1% on Friday, credit spreads widened, global rates tumbled back down towards the lows seen...
by Warren Head | Mar 17, 2023 | Currency, Economy, Global Share Markets, Money Market
17.3.23 Market sentiment has improved over the past 24 hours. Equity markets are up, bond yields generally higher and flatter, credit spreads tighter and the fear factor has eased somewhat, says BNZ Markets. “Some big moves continue in rates, not so much in...
