by Warren Head | May 18, 2022 | Currency, Economy, Money Market
18.6.22 Risk appetite has recovered as investors eye up easing lockdown restriction in China and some stronger economic data have supported the positive mood, says BNZ Markets. “Central bank speak has remained hawkish, but not enough to prevent equity markets from...
by Warren Head | May 17, 2022 | Currency, Economy, Money Market
Some poor China economic data set the scene for a risk-off vibe to start the new week, with weaker US equity markets, lower global rates and the NZD weakening towards 0.62 before a significant turnaround overnight ensued, notes BNZ Markets. The US S&P500 now shows...
by Warren Head | May 16, 2022 | Currency, Economy, Global Share Markets, Money Market
Risk assets ended last week on a positive note, with equities rebounding strongly on Friday from their heavy falls earlier in the week. News that Shanghai was planning to start removing restrictions this week was taken positively by the market although the rebound was...
by Warren Head | May 13, 2022 | Currency, Economy, Global Share Markets
13.5.22 Markets remain firmly in risk-off mode as concerns grow that the global economy is heading towards a recession, notes BNZ Markets this morning. “The unfolding energy crisis in Europe, concerns that Beijing could be plunged into lockdown at any point, and...
by Warren Head | May 12, 2022 | Currency, Economy, Money Market
Risk sentiment soured after the US CPI report showed stronger than expected inflationary pressure, driving the S&P500 down to a fresh low, notes BNZ Market. “The US yield curve has flattened, with higher short rates and lower long-term rates,” says Jason Wong,...
by Warren Head | May 11, 2022 | Currency, Economy, Global Share Markets, Money Market
1.5.22 There has been something of a turnaround in risk sentiment overnight, with equities bouncing back from their recent heavy falls, notes BNZ Markets. Long-term global rates have fallen amidst lower market-implied inflation expectations, with US 10-year rate back...
