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US markets surged with confidence overnight, triggered by strong numbers released from market giants Alphabet and Caterpillar. This was enough to lead to a surge in sentiment, with equities hitting record highs and bond yields reversing recent spikes.
Read more →Markets remain cautious heading into the week driven by Middle East tensions around the strait of Hormuz. The New Zealand Dollar (NZD) has been the strongest performer over the past week while the US Dollar (USD) has been the worst performer
Read more →New Zealand Finance minister Willis talking yesterday said NZ inflation may hit 7.4% in a worst-case scenario if the war in Iran continues. The Australian Dollar (AUD) has been the strongest currency in the past week while the Japanese Yen (JPY) the worst performer.
Read more →The strait of Hormuz is closed again Monday with disputes over Iranian nuclear capability and sanctions relief remaining unresolved. It's clear risks to markets are high with energy prices again rising. The Australian Dollar (AUD) has been the strongest currency.
Read more →Markets stay risk on as geopolitics cool heading towards the weekend. The Australian Dollar (AUD) has been the strongest currency in the past week while the Euro (EUR) has been the worst performer.
Read more →NZ Banks are starting to price in cash rate hikes from the July meeting instead of December with higher than anticipated inflation forecasting becoming a problem. The Australian Dollar (AUD) has been the strongest currency in the past 24 hours while the US Dollar (USD) has been the worst performer.
Read more →With a ceasefire underway in the Middle East markets have breathed a sigh of relief with mood shifting positive. The Australian Dollar (AUD) has been the strongest currency in the past 48 hours while the US Dollar (USD) has been the worst performer.
Read more →It's highly likely the RBNZ will keep its interest rate unchanged when they meet this afternoon. Given the situation and uncertainty in the Middle East and shock to oil prices and the potential impacts to inflation we will see a "hold" at 2.25% in this round.
Read more →The longer the war extends the more likelihood of a global recession. The impact is felt hardest in energy dependent Countries, including much of Europe and the Asia/Pacific zone.
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