by Warren Head | Apr 19, 2024 | Currency, Economy, Money Market
Newsflow has remained light, generating modest movements in asset prices, says BNZ Markets this morning. “US equities are down modestly while US Treasury yields have pushed higher, with a stronger Philly Fed survey and hawkish Fed-speak not helping.,” notes Jason...
by Warren Head | Apr 18, 2024 | Currency, Economy, Money Market
There is a modest risk-off tone in the air, with US equities weaker, US Treasury yields lower, credit spreads wider and oil prices weaker, notes BNZ Marjets this morning. “Currency movements haven’t been affected by the risk-off move, with the USD broadly weaker...
by Warren Head | Apr 17, 2024 | Economy, Latest News
Annual CPI inflation has decelerated from 4.7% to 4.0% y/y in the first quarter of 2024 but the decline has its limitations. ANZ Bank economists noted that the mark was in line with ANZ’s forecast, and above the RBNZ’s November MPS forecast of 3.8%. “But the details...
by Warren Head | Apr 17, 2024 | Currency, Economy, Global Share Markets, Money Market
17.4.24 Global bond markets remained under pressure overnight, notes BNZ Markets this morning. “US treasuries yields made fresh highs for the year which constrained equity market performance,” says Stuart Ritson, senior interest rate strategist. The S&P was...
by Warren Head | Apr 16, 2024 | Commodities, Currency, Economy, Global Share Markets, Money Market
Markets continue to trade with a cautious tone, with Israel vowing to retaliate against Iran’s weekend attack, notes BNZ Markets this morning. US equities are down close to 1% and oil prices are barely lower, with Brent crude about US$90. US Treasury yields rose to...
by Warren Head | Apr 15, 2024 | Currency, Economy, Global Share Markets, Money Market
Risk aversion gripped global assets markets into the end of last week amid rising geopolitical tensions, says BNZ Markets this morning. There were growing concerns that Iran could launch a retaliatory attack on Israel following the air strike on the Iranian consulate...
