by Warren Head | Jun 6, 2023 | Currency, Economy, Global Share Markets, Money Market
6.y6.23 US equities remain well-supported taking the S&P to fresh 2023 highs and into bull market territory following the gains from the lows in October last year, notes BNZ Markets. The rally in equities has contributed to the VIX, a measure of expected...
by Warren Head | Jun 2, 2023 | Currency, Economy, Global Share Markets, Money Market
The new month has begun on a positive note, with the US House passing the debt ceiling bill and some market-friendly data supporting a lift in global equity markets and lower global rates, notes BNZ Markets this morning. With the lift in risk sentiment, the USD is...
by Warren Head | Jun 1, 2023 | Economy, Latest News
1.6.23 Michael Hill lodged a trading update to the market stating that trade has been more challenging for the jewellery industry in the second half, particularly in Australia and New Zealand. New Zealand has also been impacted by significant weather events and...
by Warren Head | May 27, 2023 | Economy, Featured, Global Share Markets, Market Commentary
Warren Head //.27.5.23 // The market overall is beginning to adjust to some critical changes showing up in recent annual results by NZX companies: earnings are normalising (back to the future) after the blow-outs of the peak pandemic years and margins are key....
by Warren Head | May 26, 2023 | Commodities, Currency, Economy, Money Market
26.5.23 The US dollar continues to be well supported, dragging the NZD and AUD down to fresh lows for the year, while the yen continues to suffer against the backdrop of higher global rates, says BNZ Markets this morning. “US equities have been propelled higher after...
by Warren Head | May 25, 2023 | Currency, Economy, Money Market
25.5.23 Risk appetite weakened overnight on a number of concerns, notes BNZ Markets. Weaker risk sentiment and a much more dovish RBNZ policy outlook than expected have driven NZD down 2.3% to 0.61; NZ rates tumble, but only back to where they were a week ago Jason...
