Better US data helps markets

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...

Topsy Turvy on markets

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...

New US inflation data hurts markets

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,...