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...
by Warren Head | Apr 12, 2024 | Currency, Economy, Money Market
Markets have settled after the shock from the hot CPI print in the US the previous night, helped in part by a more benign PPI print, notes BNZ Markets this morning. US Treasury yields show only small movements, with a modestly steeper curve led by a retracement in the...
by Warren Head | Apr 11, 2024 | Currency, Economy, Global Share Markets, Money Market
11.4.24. Stronger than expected US CPI data, contributed to a reassessment about how soon the US Federal Reserve might cut rates, and prompted large moves across global asset markets, notes BNZ Markets this morning. US treasury yields surged higher contributing to...
