Books in shape but funding front-loaded

19.5.22 Budget 2022 shows that the Government’s books remain in good shape, comments Westpac. “Also as anticipated, the Government has found room for targeted temporary social assistance, namely via a ‘cost of living’ package,” says chief economist Michael Gordon “The...

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...

State surpluses from mid-decade

17.5.22 Westpac expect Budget 2022 to show that, all things Covid considered, the Government’s books continue to be in good shape. “We expect that the Government’s operating balance will continue to show improvement over the forecast period, with surpluses likely 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...