Podcasts about financial stability report

The average home price in Canada has officially dropped 18% since the 2022 peak—but that's only half the story.In this week's episode, we unpack April 2025's national real estate data, and explore a far more revealing trend: What prices looked like 5 years ago versus today. Because while home values are down nearly 20% from peak levels, they're still up 31% over 5 years.We also take a closer look at the man now in charge of Canadian housing—former Vancouver Mayor Gregor Robertson, newly appointed as Canada's Housing Minister. His stance? Home prices don't need to go down—instead, he's promising more supply and more affordability. But how do you make homes more affordable without lowering their price?It's a nearly impossible challenge—and we'll explain why it may never happen, especially when the majority of voters, politicians, and Canada's wealthiest citizens are all homeowners with a vested interest in protecting property values. Trudeau said it last year, and Robertson is echoing the sentiment again today: “Housing needs to retain its value.”We'll show you a possible model for government-built housing at cost—no developer profit, reduced DCCs, and resell restrictions to inflation-only increases—but question if that kind of execution is realistic in today's bureaucratic system.Meanwhile, the labour market is softening. Canada's unemployment rate climbed to 6.9%, the highest in 8 years outside of COVID. BC saw a slight increase to 6.2%, even as job creation remained steady. Wage growth continues, but a weakening economy and global trade volatility (especially with the US tariffs) may push the Bank of Canada toward another rate cut.The presale market continues to unravel. Boffo Developments just cancelled their 1,200-unit Burnaby project “Bassano” after selling only 44 of the first 318 units in 6 months. They've returned deposits and hit pause—indefinitely. Even Vancouver's largest presale marketing firm, Rennie, has laid off 25% of staff, with insiders predicting the market won't stabilize for at least two more years.On the rental side, Toronto saw its first uptick in rents in over a year, with 1-bed unfurnished units rising $22 to $2,148/month in May. But that's still well below last year's levels. Alberta rents are sliding too, with Calgary down 7% and Edmonton down 6% in the past 6 months.Lastly, let's talk about the Renewal Cliff Myth. The Bank of Canada's latest Financial Stability Report shows that rising mortgage payments won't be nearly as painful as expected. Thanks to moderating rate expectations, payment increases on renewal will be 4–5 points lower than forecast—which means a much softer landing for borrowers than many feared.So, are we at the bottom of the market? The CREA's national data shows home sales in April were virtually flat month-over-month, suggesting the 2025 sales slump may be stabilizing. But prices in BC and Ontario—Canada's two biggest markets—continue to drag the national average down. And until there's a true shift in supply, policy, or buyer confidence, expect more of the same in the months ahead.Drop your thoughts in the comments—Is this the bottom? Will the new Housing Minister make a difference? Or is Canada's real estate market in for more pain ahead? _________________________________ Contact Us To Book Your Private Consultation:

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news we are in for a day of significant announcements, but locally and internationally.But first up today, the overnight full dairy auction brought higher prices, up +4.6% in USD terms and up +3.0% in NZD terms. Of note, the butter price hit a new all-time record high of US$74992/tonne. Also, cheddar cheese rose a very sharp +12.0% from the prior full event, and the dominant WMP price was up a heady +6.2%. This has been a very positive outcome, even if it was on relatively low off-season volumes.There seemed to be two big background drivers. First, EU production is slipping and today's NZ auction prices seem to be equalising with European pricing. And secondly, there was a substantial increase in demand from Southeast Asian buyers, shifting from EU supply. Today's result will bring upside to the payout - if it is maintaintained in future events.Elsewhere, there was a good rise in US retail sales last week, up +6.9% from the same week a year ago in the Redbook survey. But as we have noted previously, it is now hard to separate the inflationary effect of the tariff taxes from volume gains. It is about now that the tariff-tax impact will start happening. All eyes are on Apple, because they won't be able to avoid price hikes much longer now.Retaliatory tariff taxes also juiced up US exports in both goods and services in March but it was minor and similar to February. US imports however shot up to a new all-time record high. So the American trade deficit also hit a new record exceeding -$140 bln for the monthNone of this is helping sentiment. The latest survey, this one the RealClearMarkets/TIPP Economic Optimism Index retreated in May from April when a gain was anticipated. It was at its lowest in seven months.Meanwhile, the US logistics managers index returned to more usual levels, but allowing it to do that were rises in inventory and freight costs, rather than the efficiency components.There was a well-supported US Treasury 10 year bond auction earlier today, and that delivered a median yield of 4.28% which was down -6 bps from the prior equivalent event a month ago.Tomorrow will be dominated by the US Fed's meeting outcome. Changed interest rates are unlikely, but there will be intense interest in how they view the present and future economic landscape.In Canada, the widely-watched local Ivey PMI turned into contraction in April.In China, the Caixin Services PMI expansion eased back in April, down from March's three-month high to be below analyst forecasts. This is now the softest expansion in their services sector in seven months. But this Caixin version reported a slightly faster expansion than the official version.There is a lot going on today, and amongst that we are expecting a significant Chinese briefing by their central bank and other regulators about new moves to respond to their economic pressures triggered by the tariff war.In Europe, their April services PMI didn't fall into contraction as expected. Rather it stayed just on the positive side. But it is an anemic expansion all the same.In Australia, household spending slipped in March from February, to be +3.5% higher than March 2024. Of special note was the very sharp -1.3% dive in Queensland.There was an even sharper retreat in building consents in Australia in March with a big -15% dive in consents for building apartments.The UST 10yr yield is now at 4.31%, down -3 bps from this time yesterday.The price of gold will start today at US$3414/oz, and up +US$101 from yesterday, and heading back towards its April 23 record high.Oil prices are firmer today, up +US$2 at just on US$59/bbl in the US and the international Brent price is now just under US$62.50/bbl.The Kiwi dollar is now at 60 USc, up +40 bps from yesterday at this time. Against the Aussie we are up +0 bps at 92½ AUc. Against the euro we are up +50 bps at 52.8 euro cents. That all means our TWI-5 starts today just under 68 and up +10 bps. The Japanese yen has strengthened to limit the TWI-5 shift.The bitcoin price starts today down a mere -0.3% from yesterday at US$94,563. Volatility over the past 24 hours has been low at +/- 0.9%.Join us at 10:45am for the release of the important March quarter jobs report for New Zealand. We are expecting no rise in employment and a rise in the unemployment rate to 5.3%. Variations from that might be market-moving.And then at 2pm we will be covering the RBNZ's half-yearly Financial Stability Report. This will be Christian Hawkesby's first big set piece presentation as Governor, a role he holds until at least October.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

01st May: Blockchain DXB podcast

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, December 31, 2024. This is Nelson John, let's get started.The markets regulator's crackdown on futures and options trading is already showing significant impact. Ram Sahgal reports a nearly 25% month-on-month decline in index options turnover in November, with retail and proprietary traders accounting for about 75% of this drop. Stricter curbs, including larger contract sizes, are set to take effect in January, likely reducing volumes further in the new year. Sebi implemented these measures in response to widespread losses incurred by retail investors in F&O trading over the past couple of years.Adani Enterprises announced plans to sell its 43.94% stake in Adani Wilmar to joint venture partner Wilmar International for over $2 billion. Nehal Chaliawala reports that the move aims to address liquidity concerns as the company refocuses on core business investments. Adani Wilmar, with annual revenue nearing ₹50,000 crore, will also undergo a name change. Additionally, 12.87% of its stake will be sold through an offer for sale to meet public shareholding requirements. This decision comes amid speculation about Adani's exit from non-core businesses following allegations of fraud that have affected the group's financial stability.In a report released on Monday, the Reserve Bank of India flagged concerns about stress in unsecured retail credit spilling over to larger loans, such as housing and auto loans. Shayan Ghosh reports that nearly half of personal loan borrowers also have outstanding secured loans. According to the RBI's Financial Stability Report, defaults in unsecured loans could prompt lenders to classify other loans held by the same borrower as non-performing. While the gross non-performing asset (GNPA) ratio for unsecured loans currently stands at 1.7%, the RBI cautioned that rising write-offs could be masking the true extent of asset quality risks.According to the Chinese zodiac, 2025 will be the Year of the Snake—symbolizing flexibility, growth, and change. Devina Sengupta writes that India Inc. is set to experience all these dynamics, with employees expected to switch jobs at a faster pace. Companies will likely go beyond salary hikes to focus on upskilling initiatives. While rural hiring in the FMCG sector is projected to rise by 10%, weak consumer demand, driven by inflation, may dampen growth. High demand for talent is anticipated in sectors like AI, data science, and digital transformation. Compensation increases are forecasted to average around 9.5%, underscoring the competitive landscape for skilled professionals.During the 2015 Paris Agreement, India committed to achieving net-zero emissions by 2070. Among India Inc., the targets vary significantly. Of the Nifty50 companies, 19 have yet to set net-zero or carbon-neutral goals, 20 have set net-zero targets with a median year of 2040, and 11 aim for carbon neutrality by 2032. Nehal Chaliawala reports that Infosys was the first to achieve carbon neutrality in 2020 and plans to reach net-zero by 2040. His analysis highlights that the IT sector leads in climate commitments, while financial services have the highest proportion of companies without stated goals. Other sectors, such as automotive and pharmaceuticals, also lag behind with unclear climate targets.

Bitcoin is down slightly at $93,634 Eth is down half a percent at $3,404 XRP, up slightly at two dollars and seven cents Malaysia's Securities Commission has ordered Bybit to halt operations AI-powered AI16z hits $1.5B market cap HYPE live People's Bank of China emphasizes global crypto regulation in 2024 Financial Stability report.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a question/idea/opinion direct via text message!After a quick run through the release of the CoreLogic First Home Buyer Report for Q3, Nick and Kelvin ponder the potential impact of the US election result and Donald Trump's return to the Whitehouse.Then, there's the relatively inconsequential (to RBNZ's liking) Financial Stability Report to digest as well as the important official Labour Market statistics for Q3, which were better than expected on the surface but a bit of devil in the detail to be mindful of. There were also some very interesting changes in the terms being chosen by mortgage holders in September to analyse. Plus, how about those All Blacks?!Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

The Reserve Bank has warned the economic downturn is expected to get worse before it gets better, with unemployment being expected to worsen. The bank's biannual Financial Stability Report says unemployment will peak at 5.4 percent by 2025. Infometrics Principal Economist Brad Olsen says there are better economic times on the horizon - but there'll be 6-9 months of pain first. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Reserve Bank has warned the economic downturn is expected to get worse before it gets better, with unemployment being expected to worsen. The bank's biannual Financial Stability Report says unemployment will peak at 5.4 percent by 2025. Infometrics Principal Economist Brad Olsen says there are better economic times on the horizon - but there'll be 6-9 months of pain first. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news a risk-on shift will start the week in most major economies.As we wind down September this week here, into both school holidays upcoming and daylight saving on the weekend, the key focus will shift to Fonterra's results on Wednesday, and local consumer sentiment on Friday.And tomorrow the RBA will review its monetary policy settings including its cash rate target. Despite the continuing inflation pressures, no-one really expects them to alter their existing 4.35% policy rate this time. Oddly that comes a day before they release their August monthly CPI report, which is expected to slip from 3.5% to 3.1%. They hope so at least. And a day after that they release their Financial Stability Report.In the US, the key focus will be on PCE prices, personal income and spending reports. They are expected to validate the Fed rate-cut move. And they will release their final Q2 GDP report, PMI data, consumer confidence, durable goods orders, and both new and pending home sales data too. There will be September PMI reports from many other economies as well.Over the weekend, China left its loan prime rates unchanged in its September fixing, as expected. These remain at record lows.And their 'youth' (16-24) unemployment rate was 18.8% in August according to official data, the highest since they changed the basis of this stat in January. They say their general jobless rate is 5.4%, and that too is its highest in a year.And don't forget, next week is China's National Day Golden Week from October 1 to October 7. Most businesses and factories in China will be closed for the holiday. This extended shutdown will significantly impact international supply chains.Japan reported 3.0% CPI inflation in August, up from 2.8% in the prior three months. It is their highest level since October 2023. Japanese inflation now seems well embedded, after decades of deflation.The Japanese central bank left its 0.25% policy rate unchanged, as expected late on Friday. They said "Japan's economy is likely to keep growing at a pace above its potential growth rate, with overseas economies continuing to grow moderately and as a virtuous cycle from income to spending gradually intensifies against the background of factors such as accommodative financial conditions." But press conference remarks after the release suggests that the Bank has turned dovish, so expectations for more rate hikes are lower now.India's economic surge is built on aggressive borrowing. Loan growth is running higher than +13% from the same month a year ago, even if that is lower than the almost 20% rate it was running in the same month in 2023.Canadian retail sales rose more strongly than expected in July, up +0.9% from a year ago when a +0.6% rise was expected. A key driver was car sales. And these retail rises are expected to continue as a new sense of optimism grows in Canada.Consumer sentiment in the EU continues to rise, in spite of their obvious economic struggles. In fact, it is almost back to its long-run average levels, something it hasn't managed since the pandemic period.The UST 10yr yield is now at just on 3.74% and up +1 from Saturday. But that is up +8 bps from a week ago.The price of gold will start today at US$2621/oz and up +US$1 from Saturday to near a new all-time high again. That is a +1.5% rise from a week ago when it was US$2582/oz.Oil prices are unchanged at US$71/bbl in the US while the international Brent price is still just on US$74.50/bbl.The Kiwi dollar starts today at 62.4 USc and little-changed from Saturday but up +80 bps from a week ago. Against the Aussie we are unchanged at 91.6 AUc. Against the euro we are still at 55.9 euro cents. That all means our TWI-5 starts today at 69.9, unchanged from Saturday but up +60 bps from a week ago.The bitcoin price starts today at US$63,055 and +0.9% from this time Saturday. Volatility over the past 24 hours has been low at just on +/- 0.8%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

De ECB kwam onlangs met het halfjaarlijkse Financial Stability Report. De schulden bij bedrijven en huishoudens zijn wat gedaald vergeleken met pieken in de coronapandemie, net zoals schulden van de overheid. Maar dat laatste is slechts een gevolg van hoge inflatie die de afgelopen tijd de miljarden euro's aan extra rentelasten camoufleerde, zegt macro-econoom Edin Mujagic.  See omnystudio.com/listener for privacy information.

De ECB kwam onlangs met het halfjaarlijkse Financial Stability Report. De schulden bij bedrijven en huishoudens zijn wat gedaald vergeleken met pieken in de coronapandemie, net zoals schulden van de overheid. Maar dat laatste is slechts een gevolg van hoge inflatie die de afgelopen tijd de miljarden euro's aan extra rentelasten camoufleerde, zegt macro-econoom Edin Mujagic.  See omnystudio.com/listener for privacy information.

The Reserve Bank has an odd mandate.  On one hand they directly involved themselves in cocking up the economy to the extent it has been by throwing printed money about the place, often with no real guidelines to banks as to where it would end up. Small clue: it went into housing.  But the on the other hand they are all over us in terms of rules around what we can and can't do with income to debt ratios, how much money a bank has to hold in reserve for troubled times, etc.  The latest is the directive to banks about insurance cover on the places they lend money on, i.e. when we get a mortgage, we need cover and they now expect the banks to be even more vigilant about the sort of cover, how much for and how long it will last.  It's all in their Financial Stability Report.  But on the insurance issue they revert to their hands off approach, where they point out that they are seeing more people having trouble getting and paying for insurance and that this will be a growing issue.  Thanks for the warning. Have you got any advice?  Well, they have, sort of. They recommend insurers, Governments and home buyers, as well as lenders, should take action to improve our understanding of natural hazards and to proactively manage affordability challenges.  Awesome. Thanks for that.  This in some respects is the issue of our time. Like it or not insurance, if it hasn't already, will become a burden, if not a nightmare.  The Government has already moved on the earthquake rules around buildings, knowing full well the current deadlines are unrealistic.  But the day is coming, if it isn't already here, where people cannot afford to be where they are or want to be, or even if they have money, can't find a backer.  So, the big question the Reserve Bank doesn't answer is - then what?  If you can't get insurance, you can't get a mortgage. Maybe you can't get a mortgage because you can't afford insurance to the level they now expect.  You are stuck in a place that was once safe and now isn't. What do you do?  This all has enormous economic and social consequences. So, who is in charge of this and what is the plan?  Telling us it's an issue in a stability report isn't really a solution and that's probably the way they like it.  It's always easier to point a problem out than to actually deal to it. See omnystudio.com/listener for privacy information.

The Insurance Council is backing calls for Kiwis to lift their understanding of the risks of natural hazards. The Reserve Bank has released an excerpt on insurance in its upcoming Financial Stability Report. It says insurers, Government, home buyers and lenders all need to up their knowledge, so that future insurance affordability challenges, can be better managed. Insurance Council chief executive Kris Faafoi says it's likely more places will become harder to insure as more risks are identified. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The Insurance Council is backing calls for Kiwis to lift their understanding of the risks of natural hazards. The Reserve Bank has released an excerpt on insurance in its upcoming Financial Stability Report. It says insurers, Government, home buyers and lenders all need to up their knowledge, so that future insurance affordability challenges, can be better managed. Insurance Council chief executive Kris Faafoi says it's likely more places will become harder to insure as more risks are identified. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news that as we await our local labour market report, the global economy is expanding modestly, but inflation isn't killed off yet.First in the US labour costs rose +4.2% in the year to March, up +1.2% from the prior quarter. This is the highest rate of increase since mid-2022 and is more indication that inflation's pressures remain at a stick level - not excessively high, but not tracking down as their central banks needs.American retail sales at physical stores were up +5.5% last week from the same week a year ago, another indicator that consumers are still spending those higher payroll increases, and keeping inflationary pressures on.But the Conference Board survey of consumer sentiment retreated in April. What American consumers say and what they do are diverting again. This time it isn't about present conditions which they think are ok, rather about future conditions which they are more worried about. But there are some interesting differences. Those on modest incomes are more confident than those on higher incomes. Those under 35 are more confident than those older.In Japan, it is becoming clearer that their central bank did in fact intervene in currency markets to support the yen yesterday.In China, the private Caixin factory PMI survey was more bullish that the official version. The modest Caixin expansion held in April, and in fact the sixth straight month of growth in factory activity recorded by this survey (which is concentrated in smaller private sector firms) and even though low, the fastest pace since February 2023.On the other hand, the official factory PMI survey, which is more focused on large State-owned enterprises was less positive even if it was their second straight month of (low) expansion in factory activity. Basically it is just holding.More positive is the official services PMI, but that was less positive in April than March and it came in well below what analysts were expecting, and the softest pace since January, as new orders shrank at a steeper rate. But it is positive still and that streak is now out to 16 consecutive months.In an earnings call comment, the Yili boss said Chinese milk supply has been higher than demand which isn't growing as it once did. But he was optimistic that the back end of 2024 would improve for the Chinese dairy industry.In Europe they said their April inflation was stable at 2.4% (Euro Area), and that their overall economy grew by +0.5% in the year to March (whole EU), which was a bit better than expected. Interestingly, it was led by Spain, Portugal, France and Greece, and held back by Germany.In Australia, retail sales were softer than expected in March, dropping by -0.4% from February and missing market estimates of a +0.2% growth. February was also downwardly revised. It was the first decline since last December as turnover fell in all retail sectors.Locally, we will get our March quarter labour market data later this morning. We will have a full update then (at 10:45am).And the RBNZ releases its important Financial Stability Report prior to that (at 9am) and will have full coverage on that too.And we should note that as speculators unwound long positions, the cocoa price is falling as rapidly as it rose.The UST 10yr yield is now at 4.68% and up +6 bps from yesterday. The price of gold will start today much lower, down -US$46 from this time yesterday at US$2294/oz.Oil prices are down another -US$1 from yesterday at just under US$81.50/bbl in the US while the international Brent price is now just on US$86/bbl.The Kiwi dollar starts today down -¾c at just over 59 USc. Against the Aussie we are holding at 91 AUc. Against the euro we are -½c lower at 55.3 euro cents. That all means our TWI-5 starts today just under 68.9 and down -40 bps from yesterday.The bitcoin price starts today at US$60,270 and -4.4% lower that this time yesterday. And this is a two month low. Volatility over the past 24 hours has remained very high at just on +/- 3.9%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

There's always plenty to talk about in the property market, but this week's discussion basically sets the scene for a big week of data and announcements which could potentially mean a meaty pod next Monday!The guys start by discussing the latest Buyer Classification data, which showed that first home buyers (FHBs) remained a key presence in March, and that also ties in to the latest mortgage lending figures from the Reserve Bank. Low deposit lending remains relatively restricted – certainly well under the maximum speed limits – but FHBs are still making good use of the system.Attention then turns to the next few days …. CoreLogic House Price Index for April set to go public on Wednesday, just before the Financial Stability Report at 9am the same day, and the Q1 labour market figures at 10:45. Could the FSR finally detail the rules for debt to income ratio caps? On the labour market, the unemployment rate has probably risen further in Q1, but it might be about more labour supply, rather than mass job losses.There's some great stuff in this week's episode, but also brace yourselves for a lot to talk about next week!Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

The Fed's latest semi-annual report on financial risks contains a couple of important updates. First, we get a sense of where the systemic attempt to deal with the downside to the commercial real estate bubble stands. That also feeds into the most recent updates on US banks and the deteriorating credit environment. Plus, we also take a look at why the Fed's report singled-out the stock market and what that means. Eurodollar University's Money & Macro AnalysisFederal Reserve Financial Stability Report April 2024https://www.federalreserve.gov/publications/files/financial-stability-report-20240419.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the ongoing rise in the world economy is shifting some key metals prices into a bull-run.But first a look ahead. The American data to be updated this week will be their advance Q1-2024 GDP which is currently expected to come in at +2.5%. That will follow key updates to durable goods orders and new home sales - and advance April PMIs. It will be peak reporting for their earnings season this week too. April PMIs will also come for Australia, Japan and the EU, as will CPI updates in Australia. And there will be key central bank policy decisions for Japan, China, and Turkey this weekIn the dominant global economy, their central bank reported that sticky inflation and sticky high interest rates were cited as the key risks to financial stability in its survey of key contacts, with geopolitical troubles and the upcoming American presidential election also getting a strong mention. These heightened risks were reported in the US Fed's half-yearly Financial Stability Report.The Fed itself is worried about a steady decline in the liquidity of life insurers' assets and their use of non-traditional liabilities and other novel funding which would be hard to control in a crisis. They were less worried about American households. Vulnerabilities from household debt were judged as only moderate. Inflation and uncertainty surrounding the direction of federal policy on trade, and government spending are banks' own top financial stability concerns.Meanwhile in the financial world, yet another key voting Fed member is out dampening down prospects of rate cuts. The Atlanta Fed boss said US inflation is only coming down "very, very slowly" and "let's not be in a hurry" on interest rate cuts.In China, and in all of March in all of the country, their incoming foreign direct investment was only +NZ$20.7 bln in March. But that was far better than the tiny +NZ$3 bln in March a year ago. Still the total for the first three months of the year was down a startling -26% compared to Q4-2023, up just +3.9% from the same quarter a year ago which was unusually weak. From Q1, 2022 the current levels are -28% lower. It will worry Beijing policymakers that these levels are bedding in so low.China will review its two Loan Prime rates later this afternoon (NZT). No change is expected this month.And we should note that the large southern Pearl River system is flooding, some of it severe.Over in Germany, March data shows that their producer price deflationary impulse is easing. Their PPI was down -2.9% from the same month a year ago, but that was far less than the February equivalent of -4.1%. And those March producer prices actually rose +0.2% from the prior month and that was better than the no-change expected.It is worth noting that the IMF and the World Bank have been having their annual talkfest Spring Meetings this past weekend.In the real world, we should also note that it is not only the aluminium price that is rising at present (which is up +20% since the end of February), but the copper price is on the move higher too, up +16% in the same timeframe and actually approaching its all-time high set a year ago.Other base metals like nickel, tin, and zinc, have all been rising sharply recently too. But not iron ore, lead, titanium or lithium - or the carbon price. (Even locally, here.)The UST 10yr yield is now at 4.62% and down -3 bps from Saturday but up +10 bps over the past week. The price of gold will start today down -US$3 from this time Saturday at US$2391/oz.Despite continuing Middle East tensions and uncertainties, oil prices have slipped lower to just over US$82/bbl in the US while the international Brent price is up slightly at just under US$87/bbl. Over the past week these prices have fallen -US$2.50 respectively.The Kiwi dollar starts today little-changed at just under 58.9 USc. But that is down nearly -½c in a week. Against the Aussie we are up +10 bps at 91.8 AUc. Against the euro we are still at 55.3 euro cents. That all means our TWI-5 starts today just on 68.8 and unchanged from Saturday, -30 bps lower for the week.The bitcoin price starts today firmer at US$64,854 and a minor +0.8% gain from Saturday. A week ago this price was US$67,601 so a -4.8% retreat from then. Volatility over the past 24 hours has been modest at just on +/- 1.1%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news all eyes are on China to see if they pull the trigger on their old stimulus playbook again.But first this week, the focal point in the United States will revolve around the PCE price indexes, and data on personal income and spending. Other key data include durable goods orders, their final Q4 GDP growth reading, a key consumer confidence survey, and housing market indicators such as new and pending home sales.It will be a busy week in Japan with BoJ minutes, and data on their unemployment rate, industrial production, retail sales, and housing starts. It will be a quieter week for Chinese economic releases but it will include data on industrial profits. And markets will pay close attention to potential stimulus announcements and how authorities will let the yuan's price shift. In Australia, February's inflation rate is expected on Wednesday and a rise is expected, inflation expectation survey data may come in before that, while markets also await the Westpac consumer confidence survey results.And staying in Australia, there is plenty of evidence their housing market is back on a roll with an active auction market this past weekend and sales volumes high.Prices seem to be rising. Behind it all is a shortage of housing as their inward migration levels rise fast.Meanwhile the Australian central bank released its half-yearly Financial Stability Report on Friday and it concluded that while conditions will remain challenging for many households and businesses there this year, "strong conditions in the labour market, the large savings buffers accumulated by many borrowers during the pandemic and rising housing prices are helping households to adapt." The Australian financial system has a high level of resilience and is well positioned to continue to support the economy, they say.In China, incoming foreign direct investment fell more than -19% in February from a year ago, the largest fall since the GFC and far more than in the early stages of the pandemic. Recent 'legal' changes and the rise of the MSS in the Middle Kingdom is making it too tough to operate there. The trade disengagement underway isn't ending. Only US$14.3 bln arrived as investment in February about half the stunted levels on one and two years ago.Meanwhile, China is making a concerted effort to qualify for the CPTPP trade group with new 'negative list for cross-border trade in services' management. "We have proactively aligned our policies and legislation with the CPTPP rules in relevant areas and are well-prepared for market access offers in goods trade, trade in services and investment," a spokesperson said over the weekend.The recent visits by Chinese foreign minister Wang Yi to both New Zealand and Australia in an unusual 'charm offensive' by the usually prickly Wolf Warrior needs to be seen in the light of this CPTPP push.In Japan, inflation is finally embedding there. It's been a long slog to get out of deflation. Their inflation rate climbed to 2.8% in February from 2.2% in the prior month, the highest figure since last November. It has been over 2% since March 2022.Across the Pacific, although they eased in January Canadian retail sales rose in February according to an early estimate. But both shifts are minor. Hesitating car sales are behind the lackluster results.Across the Atlantic, German companies are gaining confidence, and rather quicker now. Sentiment for Europe's largest economy reached its highest point since June 2023, fuelled by anticipations of potential interest rate cuts by the European Central Bank and a gradual easing of inflationary pressures. But German consumer sentiment remains stick at low levels, generally unchanged since May 2022.The UST 10yr yield will today at 4.20% and down -2 bps from this time Saturday, and -11 bps from a week ago. The price of gold will start today firmer by +US$6 from Saturday at US$2165/oz. But that is little different to week-ago levels.Oil prices have stayed at US$80.50/bbl in the US while the international Brent price is still at US$85/bbl. These levels are also unchanged in a week.The Kiwi dollar starts today at just under 59.9 USc and marginally lower that this time Saturday. A week ago it was at 60.9 USc so a -1c fall since then. And it is the first time in four months since we have been below 60 USc. Against the Aussie we are marginally firmer at just over at 92.1 AUc. Against the euro we are still just on 55.5 euro cents. That all means our TWI-5 starts today at 69.3 and down -60 bps in a week.The bitcoin price starts today at US$65,430 and up +2.9% from this time Saturday. A week ago this price was US$68,378 so a -4.3% fall since then, Volatility over the past 24 hours has been modest at just on +/- 1.7%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

ASX finished the week down 11 points at 7771 (0.2%). No real damage, more apathy and quiet trading. The index rose 1.3% for the week. Weakness in banks after a stunning day yesterday, CBA down 0.4% and WBC off 0.8%. The Big Bank Basket slipped to $207.75 (%). MQG dropped 0.3%. Insurers rose slightly with QBE up 1.1% and SUN up 0.9%. REITS better, GMG screaming ahead up 3.4%. SCG up 1.2% and MGR rising 1.4%. Industrials mixed, TLS slipped 0.8% and WOW up 0.7% with the tech sector slightly higher, WTC up 0.8% and the All -Tech Index up %. Healthcare better, CSL up 1.7% and RMD doing well up 1.2%, on a FPH upgrade. In resources it was a sloppy day, BHP fell 0.8% with FMG easing 2.1%. Lithium stocks down too, PLS off 1.0% as lithium fell 2% plus in Asian trade. Gold miners took a break, with EVN falling 2.0% and GMD revealed a 5-year plan and fell 6.3%. Oil and gas stocks under pressure as were coal stocks. In corporate news, pretty quiet. The RBA released its Financial Stability Report, Japanese inflation came out a little higher. Asian markets a little mixed, HK down 3%, China down 1.5% with Japan unchanged. 10-year yields fell hard to 4.03%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.Ready to invest in yourself? Join the Marcus Today community.

11th Jan Crypto & Coffee at 8

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news central bank bosses have been out warning of inflation and economic stress.But first in the US, their Thanksgiving holiday has brought forward some key data releases. First up, the headline jobless claims numbers came in sharply lower than expected, indicating the American labour market isn't done yet showing its resilience. However we should note that the actual claim levels were higher than the seasonally adjusted levels even if not as high as was expected. There are now 1.65 mln people on these benefits, also quite a jump. But this is only back to September levels.Second, mortgage applications rose marginally last week, but again only with the benefit of seasonal adjustment. Benchmark mortgage interest rates continued to move lower, now to 7.29% plus points, the lowest rate in two months. That is down -15 bps in just one week.Also falling were new durable goods orders in October. After rising a good +4.0% in September, they fell a sharpish -5.4% on October so a net loss overall. Year-on-year they are only up +0.9%. Capital goods orders were up +1.6% however on that basis.Going the other way, a current survey of year-ahead inflation expectations rose to a 7-month high of 4.5% in November, up from the preliminary estimate of 4.4% and above 4.2% in the prior month. That is according to a final reading of the University of Michigan survey. The last actual US CPI reading was at 3.2% in October and the November report is due on December 13 NZT.In Canada, their central bank boss has signaled an end to rate hikes, saying "interest rates may now be restrictive enough to get us back to price stability".But in Australia, their new central bank governor is singing a different tune. She is warning that the inflation challenge they face is increasingly homegrown and demand driven.In China, one of their largest shadow banks warned it's “severely insolvent,” with a debt pile more than two times higher than assets, according to a letter seen by Bloomberg. Liquidity has dried up and the recoverable amount from asset disposals is expected to be low, the company said. China's retail-dominated equity markets are vulnerable to fake news and rumour and authorities are on edge. It never helps when there are also major real stresses.China isn't the only region of financial industry stress. In its Financial Stability Report, the ECB is warning that they too see "early signs of stress".And from left-field, perhaps should note that the price of uranium is soaring again as global demand spikes for clean energy projects. We haven't seen these price levels since 2008. Thermal coal on the other hand is retreating.The UST 10yr yield is little-changed from yesterday, now at 4.43%. The price of gold will start today just on US$1990/oz and down -US$10/oz from this time yesterday.Oil prices have fallen a sharpish -US$2.50 to be just under US$7/bbl in the US. The international Brent price is now at US$79.50/bbl. And this is happening after pricing in the OPEC+ production cut extensions expected to come in the weekend, although it now seems to have been delayed a day or so.The Kiwi dollar starts today at 60.7 USc and marginally firmer from this time yesterday. Against the Aussie we are unchanged at 92.4 AUc. Against the euro we are also unchanged at 55.5 euro cents. That all means our TWI-5 starts today still just under 69.6.The bitcoin price starts today at US$36,389 and down -2.4% from this time yesterday. Volatility over the past 24 hours has also been moderate however at just on +/- 2.6%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Plenty of data and information to chew through this week, with the CoreLogic House Price Index kicking things off, and it's official - the downturn is over! A few caveats exist of course, but at a nationwide level the lads are calling it.The latest Financial Stability Report was in some ways stock standard, but interesting at the same time. Nick and Kelvin explain why, especially when it comes to the potential introduction of debt-to-income restrictions.From an economic perspective we also received the Labour Market statistics for Q3, including an update to the all-important unemployment rate. Additionally the NZAC data for Q3 is now complete, giving Kelvin the chance to outlay his expectations for the official GDP figures which are still some 6 weeks away. Throw in business confidence data and dwelling consent figures for September and it's an data degustation!Plus of course, as mentioned at the end of the episode we have 20 tickets (each worth $50) to NZ Property Market podcast listeners to join Nick at the upcoming NZ Property Roundtable: Will we see a post-election property market rally? Tuesday, 14th November, at the Parnell Jubilee Hall, Auckland, hosted by the Auckland Property Investors Association. Go here and enter the code NICKANDKEL to get your free ticket. First 20 are free!Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Buckle up, because household interest payments are expected to double by mid next year, forcing more borrowers to default on their mortgages. In its latest Financial Stability Report, the Reserve Bank is forecasting the average share of disposable income used to pay interest will hit 18 percent in 2024, doubling the lows of two years ago. People who bought homes in 2020 and 2021, at high debt to income ratios are expected to feel the most pain. About two thirds of mortgages that were fixed at very low interest rates during the pandemic have now rolled over to pricier loans, although the Reserve Bank says most borrowers have so far been about to cut discretionary spending to make ends meet. But there is a rider and its a chunky one; that could all change if the job market softens and people start losing work. ASB chief economist, Nick Tuffley, speaks to Lisa Owen. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6340263770112

The Reserve Bank says most households are managing higher mortgage repayments and the banking sector is strong. That information in its Financial Stability Report released on Wednesday. It said by 2024 18 percent of people's income will be spent on interest payments and there will be pockets of stress. Mortgage broker and director at Loan Market Bruce Patten said people can only manage so long, with an increasing number feeling the strain. Patten spoke to Ingrid Hipkiss.

After a sombre discussion of the weekend's rugby result, Nick and Kelvin launch into the usual analysis of all the property market data, which has been coming in thick and fast lately. Recent population figures confirm the influence of migration in Auckland, and the effects this is having on rental markets – not just there, but around the country too.Meanwhile, we've recently had new mortgage lending (a bit patchy), consumer confidence (good and bad), and foreign buyer data (still low) to digest. Last week's Pulse article looking at investor activity by size is also covered off. Filled jobs numbers are hot off the press, and are still showing growth – a good sign ahead of this week's official labour market stats for Q3 on Wednesday. This week there's a steady stream of other data and releases to look out for too – dwelling consents, the NZAC, and business confidence on Tuesday, as well as the latest Financial Stability Report on Wednesday. Will the FSR finally set out the actual rules and timing for possible DTI restrictions next year?In amongst all of that, the October CoreLogic House Price Index will also be released (media on Tuesday under embargo until Wednesday), and as a teaser, it's showing a rise in average values ….And of course, as mentioned at the end of the episode we have 20 tickets (each worth $50) to NZ Property Market podcast listeners to join Nick at the upcoming NZ Property Roundtable: Will we see a post-election property market rally? Tuesday, 14th November, at the Parnell Jubilee Hall, Auckland, hosted by the Auckland Property Investors Association.Go here and enter the code NICKANDKEL to get your free ticket. First 20 are free!Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nzSign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Welcome to What Matters Now, a weekly podcast exploration into one key issue shaping Israel and the Jewish World — right now. Over 30 years ago, American political consultant, James Carville quipped during former US president Bill Clinton's successful 1992 presidential campaign, “It's the economy, stupid.” Today, a growing chorus of Israeli economists are echoing this phrase while attempting to pause the government's judicial overhaul legislation in the hopes of maintaining Israel's up-till-now flourishing growth. “We are now at a crossroads and I'm extremely concerned. But when I look back I think we've done tremendously well and that's why I think we have so much to lose," Prof. Karnit Flug, a former governor of the Bank of Israel, told The Times of Israel this week. Today, Flug is a Vice President of Research and the William Davidson Senior Fellow for Economic Policy at the Israel Democracy Institute and a professor in the Department of Economics at the Hebrew University. Flug is hardly alone in her concerns: This week, the Bank of Israel issued its Financial Stability Report for the first half of 2023. It warned that growing and prolonged uncertainty around the implications of the controversial legislation poses a threat to the country's financial system and economy. In our talk, Flug gives concrete examples of what she and other analysts are seeing, right now. So this week, we ask Prof. Karnit Flug, what matters now. What Matters Now podcasts are available for download on iTunes, TuneIn, Pocket Casts, Stitcher, PlayerFM or wherever you get your podcasts. IMAGE: Karnit Flug is a professor at the Hebrew University of Jerusalem, vice-president at the Israel Democracy Institute and former governor of the Bank of Israel (courtesy Israel Democracy Institute)See omnystudio.com/listener for privacy information.

The UK banking system is in a solid place. But look out for risks in pension funds, insurers and hedge funds around US Treasury bond exposures.

Join economist Dr. Orphe Divounguy and Chris Krug as they discuss the Federal Reserve's recent Financial Stability Report on this episode of Everyday Economics! Everyday Economics is an unrehearsed, free-flow discussion of the economic news shaping the day. The thoughts expressed by the hosts are theirs, unedited, and not necessarily the views of their respective organizations. --- Support this podcast: https://podcasters.spotify.com/pod/show/everyday-economics7/support

Everyone remotely familiar with banking over the last few years knows there's systemic risk and it starts with commercial real estate (CRE). The Fed's very own Financial Stability Report for May 2023 exposes the details behind the scenes. With CRE prices falling for the first time in over a decade, valuations will eventually have to be adjusted and then all bets are off. Literally.Eurodollar University's Money & Macro AnalysisFOMC Transcript: Oct 2008 callhttps://www.federalreserve.gov/monetarypolicy/files/FOMC20081007confcall.pdfFOMC Transcript: Sept 2008 meetinghttps://www.federalreserve.gov/monetarypolicy/files/FOMC20080916meeting.pdfFederal Reserve Financial Stability Report: May 2023https://www.federalreserve.gov/publications/files/financial-stability-report-20230508.pdfFederal Reserve Domestic Requirements for Bankshttps://www.federalreserve.gov/aboutthefed/boardmeetings/files/tailoring-rule-visual-20191010.pdfBloomberg: Commercial Real Estate Prices in the US Fall for First Time Since 2011https://www.bloomberg.com/news/articles/2023-05-17/us-commercial-real-estate-prices-fall-for-first-time-since-2011?leadSource=uverify%20wallTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityhttps://www.marketsinsiderpro.comhttps://www.PortfolioShield.netRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlVDISCLOSURESJeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.

Investing is said to involve climbing a wall of worry… so where will the next crisis come from? A good place to look for clues is the Fed's twice-yearly Financial Stability Report. The latest report highlights risks at banks, money-market funds and commercial real estate, but will they really cause the next crash? And in today's Dumb Question of the Week: Surely low liquidity just means the price is too high? Selected links Financial Stability Report, May 2023 Get in touch

The Fed’s closely-watched Financial Stability Report was released yesterday, and monetary policymakers pointed to some areas of concern like commercial real estate loans. But there were also signs of resilience in the banking sector. Plus, Apple co-founder Steve Wozniak spoke with the BBC about the dangers of rapid artificial intelligence development. And, a recent survey conducted by the National Federation of Independent Business says that small business owners are increasingly gloomy about the short-term future of the economy.

The Fed’s closely-watched Financial Stability Report was released yesterday, and monetary policymakers pointed to some areas of concern like commercial real estate loans. But there were also signs of resilience in the banking sector. Plus, Apple co-founder Steve Wozniak spoke with the BBC about the dangers of rapid artificial intelligence development. And, a recent survey conducted by the National Federation of Independent Business says that small business owners are increasingly gloomy about the short-term future of the economy.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news about Australia's 'cost of living' Budget.But first, in the US last week's retail data wasn't flash again, coming in with a gain well below the inflation level. The expanded payrolls don't seem to be helping this sector.And a couple of second-tier American confidence surveys, for SME business and investors, were both negative. Both think a recession is due.Maybe a big order received by Boeing overnight from a European airline will help.They need to get their debt ceiling issue behind them because it is a growing drag on sentiment. But that will be tough because hard-line Republicans have weaponised the issue.And the US Fed's Financial Stability Report released late yesterday has them watching office building loans and other commercial real estate borrowing as the next big economic threat.In China, exports rose strongly for a second straight month in April (up +8.5%) confirming international demand remains healthy. (Taiwan reported similar growth.) But China's imports shrank (-7.9%) which enabled them to post a larger trade surplus.But despite that, China's SME confidence index is retreating too.In Australia, lower March retail sales means that retail sales volumes fell -0.6% in the March quarter 2023, according to official data released yesterday. The fall in the March quarter follows a -0.3% fall in the December 2022 quarter. Nominal sales increases are less than retail inflation.Accounting firm PwC is embroiled in a growing scandal about how it exploited its insider knowledge as a confidential contractor to the Federal Government on tax policy issues, leveraging this knowledge for the benefit of its wider high-income client base.On the policy front in Australia, with household incomes are under intense pressure from higher prices, rising debt servicing costs and additional taxation payments, their Federal Budget was released overnight. That shows an economic windfall from stronger employment and incomes, some of which the Government is using to provide cost of living relief for the most vulnerable households. But their outlook is challenging, with economic output growth set to slow as higher interest rates bite.The key household relief measures are a AU$15 bln package of welfare increases, bulk-billing incentives and energy bill discounts. On the other side, they are going after tax dodgers, and the wealthy who have superannuation balances greater than AU$3 mln which will be taxed at 30% from July 2025, up from the current concessional tax rate of 15%.Their budget deficit profile has been revised lower reflecting the windfall from those stronger incomes (higher inflation and higher commodity prices) and the ongoing labour market strength. The cumulative deficit for the four years 2022/23 to 2025/26 is reduced to -AU$81 bln, down from -AU$182 bln in their October Budget, an improvement of AU$100 bln.For 2022/23, the budget position has improved by AU$41 bln to be a wafer-thin surplus of +AU$4.2 bln or +0.2% of GDP. The last time the budget was broadly in balance was immediately before the pandemic, in 2018/19. But this surplus is a one–off, with the budget returning to deficit in 2023/24, a forecast -AU$14 bln deficit. It then widens to -AU$35 bln in 2024/25 and to -AU$37 bln the year following, or -1.3% of GDP in both those years.The UST 10yr yield starts today at 3.52%, and unchanged from yesterday. The price of gold will start today at US$2035/oz and up +US$12 from this time yesterday.And oil prices have risen +50 USc from yesterday to be just over US$73.50/bbl in the US. The international Brent price is just over US$77/bbl.The Kiwi dollar is little-changed against the USD and now at 63.3 USc. Against the Aussie we are still at 93.7 AUc. Against the euro we are marginally firmer at 57.8 euro cents. That means the TWI-5 is now at 71 and basically unchanged from this time yesterday.The bitcoin price is also little-changed today, now at US$27,629 and down just -0.7% from this time yesterday. Volatility over the past 24 hours has been low at just under +/- 1.0%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

The Reserve Bank's latest Financial Stability Report again promoted the NZ Economy's resilience and with very early signs of the property market approaching a trough and the labour market remaining tight it's hard to argue against.The detail on jobseeker numbers and the difference to unemployment figures is available here:https://www.msd.govt.nz/documents/about-msd-and-our-work/publications-resources/statistics/covid-19/jswr-unemployment-report.pdfSign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

The month of April proved to be another strong one for equity markets across the world, ensuring that the run of good returns investors have enjoyed since late 2022 continued. However, we are entering a period that is typically more challenging. Looking to the week ahead, there is plenty to keep investors busy. This week, we'll be watching central bank decisions in Australia, Europe and the US, with the latter set to be the key event. Some important economic releases are due, while the international reporting season continues as well. Key releases will come from Ecolab, FMC Corporation, Starbucks, CVS health and Apple. Locally, the March quarter labour force report will be a highlight, as will the latest Financial Stability Report from the Reserve Bank of New Zealand. We discuss all of this, and more, on this episode so tune in to find out everything you need to know for the upcoming week across financial markets!

Banks are being urged to lend a helping hand to families and businesses struggling with rising interest rates. The plea comes from the Reserve Bank as it warns of tough times ahead in the fight against inflation. National Party finance spokesperson Nicola Willis spoke to Māni Dunlop.

Banks are being urged to lend a helping hand to families and businesses struggling with rising interest rates. The plea comes from the Reserve Bank as it warns of tough times ahead in the fight against inflation. Falling house prices and rising interest rates will put homeowners under pressure, and increasing numbers may find the size of their loan is more than the value of their property. The unemployment rate is also being called unsustainably low. Infometrics senior economist and director Brad Olsen spoke to Māni Dunlop.

The RBA released their Financial Stability Report today and provided a worrying insight into household finances. Rate rises and large mortgages are having an impact, plus pressure on builders is rising. We look at some of their analysis. Go to the Walk The World Universe at https://walktheworld.com.au/

I'm going to show you how economic risks are rising rapidly. We will look at the most significant threats to the financial system, including risks to the debt markets, the money markets, annuities (that you think are safe), and more. We're also going to talk about how you can protect your wealth from price confiscation. You don't want to miss this one! This is Part 2 of the Fed's Financial Stability Report May 2022 Questions on Protecting Wealth with Gold & Silver? Schedule a Strategy Call Here: ↓ or Call 877-410-1414 https://calendly.com/itmtrading/youtube?utm_vid=DD6022022 ________________ For Critical Info, Strategies, and Updates Subscribe here: https://www.youtube.com/user/ITMTrading?sub_confirmation=1 ITM Trading's Official 2022 Gold & Silver Buyers Guide: https://learn.itmtrading.com/buyers-guide-yt?VID=DD6022022 To see Lynette's slides, research links or questions from this video: https://www.itmtrading.com/blog/us-global-economic-risk-on-the-rise-pt-2-feds-financial-stability-report-may-2022/ ➡️ Watch Part 1 of the Fed's Financial Stability Report May 2022: https://youtu.be/KOW6qVBv2B0 YouTube: https://youtu.be/3rD1KiT_cCc ⭐️ FOLLOW OUR NEW CHANNEL: Beyond Gold & Silver ⬇️ https://www.youtube.com/c/BeyondGoldSilver?sub_confirmation=1 Follow Lynette Zang ⬇️ Instagram: https://www.instagram.com/lynettezang/ Twitter: https://twitter.com/itmtrading_zang Podcast: https://anchor.fm/itmtrading __________ Find out if you're properly protected today... ITM TRADING: Helping Build Your Future, Freedom, and Legacy Call Today for Your 1st Strategy Session: 877-410-1414 You can also email us at: Services@ITMtrading.com All Our Videos and Research: https://www.ITMTrading.com/Blog Homepage: https://www.ITMTrading.com ITM Trading Twitter: https://twitter.com/itmtrading Lynette Zang Twitter: https://twitter.com/itmtrading_zang Facebook: https://facebook.com/ITMTrading By ITM Trading's Lynette Zang Call Us Direct for Long-Term Gold & Silver Strategies: 877-410-1414 ITM Trading Inc. © Copyright, 1995 - 2022 All Rights Reserved.

Everybody always asks me, when is the whole system gonna crash? If you read the Fed's Financial Stability Report that came out recently, you'll notice it talks about the financial system vulnerabilities and how rising rates exacerbate these vulnerabilities. We're gonna talk about what you can do to make sure that you are not vulnerable! Questions on Protecting Wealth with Gold & Silver? Schedule a Strategy Call Here: ↓ or Call 877-410-1414 https://calendly.com/itmtrading/youtube?utm_vid=DD5312022 ________________ For Critical Info, Strategies, and Updates Subscribe here: https://www.youtube.com/user/ITMTrading?sub_confirmation=1 ITM Trading's Official 2022 Gold & Silver Buyers Guide: https://learn.itmtrading.com/buyers-guide-yt?VID=DD5312022 To see Lynette's slides, research links or questions from this video: https://www.itmtrading.com/blog/when-is-the-whole-system-going-to-crash-pt-1-feds-financial-stability-report-may-2022/ YouTube: https://youtu.be/KOW6qVBv2B0 ⭐️ FOLLOW OUR NEW CHANNEL: Beyond Gold & Silver ⬇️ https://www.youtube.com/c/BeyondGoldSilver?sub_confirmation=1 Follow Lynette Zang ⬇️ Instagram: https://www.instagram.com/lynettezang/ Twitter: https://twitter.com/itmtrading_zang Podcast: https://anchor.fm/itmtrading __________ Find out if you're properly protected today... ITM TRADING: Helping Build Your Future, Freedom, and Legacy Call Today for Your 1st Strategy Session: 877-410-1414 You can also email us at: Services@ITMtrading.com All Our Videos and Research: https://www.ITMTrading.com/Blog Homepage: https://www.ITMTrading.com ITM Trading Twitter: https://twitter.com/itmtrading Lynette Zang Twitter: https://twitter.com/itmtrading_zang Facebook: https://facebook.com/ITMTrading By ITM Trading's Lynette Zang Call Us Direct for Long-Term Gold & Silver Strategies: 877-410-1414 ITM Trading Inc. © Copyright, 1995 - 2022 All Rights Reserved.

This week, our 3 Things are: 1. The correction. Markets have reset—now what? 2. The Fed's Financial Stability Report is out. It's really not so bad. 3. The fall in cryptocurrencies. Here's how it affects credit.

In your nightly crypto news wrap up, we bring you the top crypto stories. In tonight's video, we take a look at the current happenings in the crypto landscape. What's going on with stablecoins? First, we talk about the Fed's newest Financial Stability Report. Next, we'll discuss XRP's first foray into Japan. Finally, we'll talk about homes being bought with Bitcoin.

Last week's release of the April CoreLogic House Price Index provided the strongest evidence yet, if it was needed, that the market has swung to the negative with some areas seeing the largest drops in value since the Global Financial Crisis. This, and the release of the Reserve Bank's Financial Stability Report, leads to discussion on the vulnerabilities of the market, including our labour market, but expectations remain for a controlled downturn. But as Kelvin points out in his weekly oneroof article, the mood of the market, which is an important factor on future trajectory, can be difficult to quantify or measure. The latest building consent figures rounds up the week that was, before a look ahead to the CoreLogic First Home Buyer Report, March net migration numbers, rental figures for April and the REINZ release for April (remember to ignore change in median sales price statistics!)Nick's interview on the impact of the latest sea level rise research is up on Newshub.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

Once again the Reserve Bank has kept us on our toes with a number of releases in the last week. On top of lending data for March showing a continued contraction of high LVR lending (but a bounce in total lending from Feb) we also got the much awaited response to the debt-to-income (DTI) consultation feedback.The RBNZ summary essentially kicked any introduction of DTI restrictions (and debt serviceability rate floor) down the road but still provided useful insight into their read on the market.Meanwhile there was some interesting research published about the "Bank of Mum & Dad" and we're looking ahead to the RBNZ's release of the Financial Stability Report, out on Wednesday.Elsewhere there's filled jobs data to review in anticipation of official labour market stats for Q1 out this week, and confidence data remains weak, with cost pressures and expectations a key concern.Lastly a quick chat about the latest Government investment into building and development in Auckland pretty much rounds out every topic when it comes to the property market!And of course mention of Kelvin's regular oneroof article, and the upcoming CoreLogic HPI for April.Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz 

This episode is sponsored by Nexo.io, Arculus and FTX US.    On today's episode, NLW looks at the latest Financial Stability report from the International Monetary Fund. The report looks at how the war in Ukraine is impacting financial stability. NLW argues that it sends mixed messages on crypto – arguing that the war highlights a set of new risks arising from cryptocurrencies while also recognizing that the prognostications of sanctions evasion haven't come to pass.  - From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, Texas. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Join the discussion: https://discord.gg/VrKRrfKCz8   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW     -- “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Al Drago/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. 

The report suggests capital controls be extended to digital assets.This episode is sponsored by Nexo.io, Arculus and FTX US. On today's episode, NLW looks at the latest Financial Stability report from the International Monetary Fund. The report looks at how the war in Ukraine is impacting financial stability. NLW argues that it sends mixed messages on crypto – arguing that the war highlights a set of new risks arising from cryptocurrencies while also recognizing that the prognostications of sanctions evasion haven't come to pass. -From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now.-Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.-FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.-Consensus 2022, the industry's most influential event, is happening June 9–12 in Austin, Texas. If you're looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Al Drago/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, we discuss the Reserve Bank's latest financial stability report and what it means for New Zealand property investors. We dig into the data to see whether it's likely whether a debt to income ratio will be brought in, and what it would mean for property investment. We also mention that if you want to learn more about property, subscribe to the Opes Partners YouTube channel. Every Wednesday we release a new video to teach you something about how to be a successful property investor.

Questions on Protecting Wealth with Gold & Silver? Call 877-410-1414 or Schedule a Call for Later Here: ↓ https://calendly.com/itmtrading/youtube?utm_source=YouTube __________ To see Lynette's slides and research links from this video: https://www.itmtrading.com/blog/fed-financial-stability-report-pt-1-concerns-for-economic-collapse/ Follow Lynette Zang ⬇️ Instagram: https://www.instagram.com/lynettezang/ Twitter: https://twitter.com/itmtrading_zang Podcast: https://anchor.fm/itmtrading __________ Find out if you're properly protected today... ITM TRADING: Helping Build Your Future, Freedom, and Legacy Call Today for Your 1st Strategy Session: 877-410-1414 You can also email us at: Services@ITMtrading.com All Our Videos and Research: https://www.ITMTrading.com/Blog Homepage: https://www.ITMTrading.com ITM Trading Twitter: https://twitter.com/itmtrading Lynette Zang Twitter: https://twitter.com/itmtrading_zang Facebook: https://facebook.com/ITMTrading By ITM Trading's Lynette Zang Call Us Direct for Long-Term Gold & Silver Strategies: 877-410-1414 ITM Trading Inc. © Copyright, 1995 - 2021 All Rights Reserved.

Wednesday 10th November 2021 There's been a move away from risk assets. It could just be equity markets running out of steam after a particularly strong rally, but a Financial Stability Report from the fed warning of “perilous lunges for risky assets” probably didn't help. NAB's Ray Attrill says it's hard to join all the dots right now about why the mood has shifted, but inflation continues to be a concern. It was reflected in the NFIB small business report, along with difficulties in obtaining staff. There's optimism in Australia though, evidenced by the NAB Business Survey yesterday. Today, US CPI will be the focus, along with producer prices from China. Two key numbers for inflation watchers.

Indian markets have been consolidating since the last four sessions amid worries over the potential risk from Covid third wave, commodity price-led inflation and in absence of any fresh trigger. Early indications suggest the trend might continue in today's session even as the global setup remains largely positive. At 7.25 am, Nifty futures on Singapore Exchange traded 8 points higher at 15,735, indicating a flat-to-positive start for the benchmark indices. Besides, investors will continue to watch out for the OPEC+ meet outcome that was delayed to today after the United Arab Emirates blocked a plan for an immediate reduction in supply cuts. Analysts see a risk of inflationary spike in prices if the group can't come to an agreement. Ahead of the decision, Brent was trading flat at $75.85 a barrel. On the global markets front, another batch of strong economic reports added fuel to the rotation into stocks that stand to benefit the most from a US reopening. The S&P 500 rose for a sixth straight day -- the longest winning streak since February. Investors will watch out for the US jobs report due on Friday. Overall, the Dow Jones Industrial Average rose 0.38%, the S&P 500 gained 0.52% and the Nasdaq Composite added 0.13%. In Asia, stocks were mixed Friday as traders weighed a rally in U.S. shares to a record and positive Covid-19 vaccine developments against the regional spread of the delta virus strain. Japan's Topix index added 0.8%, Australia's S&P/ASX 200 index rose 0.3%, South Korea's Kospi index increased 0.2% and China's Shanghai Composite index shed 1.2%. Now, a look at the stock-specific triggers that are likely to guide the market today Motorcycle maker Royal Enfield, part of Eicher Motors, said its total sales increased 13% YoY to 43,048 units in June. Hero MotoCorp recorded 3.8% YoY growth in its total sales at 4,69,160 units in June 2021, as against 4,51,983 units in June 2020. Vodafone Idea (Vi) has appro­ached the government to seek one-year moratorium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022, suggest reports. Bank stocks are likely to be in focus after RBI's Financial Stability Report said the gross non-performing assets (GNPAs) ratio of banks may rise to 9.8 per cent by March 2022, under a baseline scenario, from 7.48 per cent in March 2021. It, however, added that banks have sufficient capital, both at the aggregate and individual level, even under stress. NMDC reported a 34 per cent YoY increase in its output to 8.89 million tonne in the first quarter of the current fiscal.

Gavin McLoughlin is joined by Vasileios Madouros, Director of Financial Stability at the Central Bank of Ireland. Taking Stock with on Apple Podcasts, Google Podcasts and Spotify.      Download, listen and subscribe on the Newstalk App.     You can also listen to Newstalk live on newstalk.com or on Alexa, by adding the Newstalk skill and asking: 'Alexa, play Newstalk'.

  Patreon: https://www.patreon.com/thatsall Jerome Powell is watching asset prices rise along with investor’s appetite for risks. A recent Financial Stability Report from the Federal Reserve has been interpreted as a warning that America’s financial system could be heading towards a bursting bubble.

In this week's episode of 3 Things in Credit, KBRA Chief Strategist Van Hesser discusses:1. Amazon just issued $18.5 bn in debt and the biggest question is why. The answer is actually quite straightforward. 2. Inflation—the noise around this continues to build. We'll frame out the issue for you. 3. The Fed just released its semiannual Financial Stability Report. It's a good news/bad news story that you should know about.

In this episode, we discuss the Reserve Bank's latest Financial Stability Report. Here, the central bank has released its initial analysis and assessment of the tools it could use to regulate house prices so that they are financially stable. This includes an analysis of the four tools they have considered, along with how they would potentially impact property investors around New Zealand. We also mention our upcoming tour to Christchurch, Queenstown, Auckland and Wellington where we are taking out 10 investors in each city + partners. To enter, leave a review on your favourite podcast listening app, follow us on Instagram and share something to your story. Then email us on podcast@opespartners.co.nz.

As the COVID-19 pandemic wears on, there’s been something of a global chip-demic brewing. And like the pandemic, a semiconductor shortage has knock-on effects you might not expect — like not enough rental cars to go around. How will this affect the pent-up demand for post-vaccination travel this summer? We’ll talk about it. Plus: Berkshire Hathaway gets Y2K’d, the Fed talks about “meme stocks” and condors make a mess. Here’s everything we talked about today: “Rental Companies Buy Up Used Cars as Chip Crisis Get Worse” from Bloomberg “The Chip Shortage Keeps Getting Worse. Why Can’t We Just Make More?” also from Bloomberg “Fed Says Covid Is Major Financial Risk, Asset Prices Vulnerable to ‘Significant Declines’” from The Wall Street Journal “Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots” from The New York Times If you want to read the Fed’s Financial Stability Report yourself, here it is. Berkshire Hathaway’s stock price “Endangered California condors ‘absolutely trash’ woman’s house, won’t leave” from SFGate You can see more photos on Seana Lyn’s Twitter thread Check out all the thank-you gifts at $5 a month and keep “Make Me Smart” going strong when you donate today: marketplace.org/givesmart

As the COVID-19 pandemic wears on, there’s been something of a global chip-demic brewing. And like the pandemic, a semiconductor shortage has knock-on effects you might not expect — like not enough rental cars to go around. How will this affect the pent-up demand for post-vaccination travel this summer? We’ll talk about it. Plus: Berkshire Hathaway gets Y2K’d, the Fed talks about “meme stocks” and condors make a mess. Here’s everything we talked about today: “Rental Companies Buy Up Used Cars as Chip Crisis Get Worse” from Bloomberg “The Chip Shortage Keeps Getting Worse. Why Can’t We Just Make More?” also from Bloomberg “Fed Says Covid Is Major Financial Risk, Asset Prices Vulnerable to ‘Significant Declines’” from The Wall Street Journal “Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots” from The New York Times If you want to read the Fed’s Financial Stability Report yourself, here it is. Berkshire Hathaway’s stock price “Endangered California condors ‘absolutely trash’ woman’s house, won’t leave” from SFGate You can see more photos on Seana Lyn’s Twitter thread Check out all the thank-you gifts at $5 a month and keep “Make Me Smart” going strong when you donate today: marketplace.org/givesmart

Points covered 1. Jobless claims below 500k 2. Earnings Round up 3. Fed's Financial Stability Report Your Daily A.M. Global Market Roundup. This curated podcast covers overnight market moves in the US & Europe and also puts the day ahead in perspective for investors based in Asia. The update consists of four segments - Macro, Equities, Fixed Income, and Forex. News sources - Bloomberg, NYT, FT, WSJ, CNBC and Kathy Lien's Newsletter Disclaimer: The views and opinions expressed, if any, are of my own and do not necessarily reflect the official policy or position of the organization I work for.

Wednesday 5th May 2021 Janet Yellen surprised the markets this morning suggesting that it might be necessary to raise interest rates to stop the economy from overheating. A call to be made by the Federal reserve, not the Treasury Secretary. Initial market reaction was paired back as the reading of the intent and timing of the comments was watered down. Meanwhile, shares fell in the UK and Europe, although big -tech fared worse than cyclicals. The RBA has upped their growth forecasts for Australia, and cut their unemployment rate expectations, whilst the RBNZ’s Financial Stability Report will be looked at with keen interest to see the influence of a housing market running hot.

Part 2: Marcus Hughes and Christina Segal-Knowles are back for part 2 of the conversation around payments. Part one featured discussions on the pandemic changing the way we pay as consumers and businesses, innovation and financial stability and the future of Stablecoin. In this second part of the in-depth conversation, Christina and Marcus discuss the UK Payments Landscape including ISO 20022, the Bank of England latest report the FPC's Financial Stability Report, Brexit, and their predictions for 2021. This conversation will be featured in the forthcoming Outlook on 2021 book released by Bottomline featuring a number of other industry experts.

Indian benchmark indices look set to take a pause after Monday's stellar rally, with SGX Nifty futures trading 32 points down at 14,463 around 7.15 am, tracking weak cues from global peers. Besides a financial stability report by the Reserve Bank that raises concerns on the banks' financial health might also dampen the mood. In overnight trade, Wall Street’s main indices closed lower as investors took some profits while they waited for earnings season to begin and eyed events in Washington with trepidation. Investors believe a bigger stimulus could be delayed as House of Democrats introduced a resolution to impeach US President Donald Trump, accusing him of inciting insurrection following a violent attack on the Capitol by his supporters. Dow Jones Industrial Average fell 0.29%, the S&P 500 lost 0.66% and the Nasdaq Composite dropped 1.25%. Tracking a weak finish for Wall Street, markets in Asia opened lower. Japan’s Nikkei slipped 0.48%, South Korea’s KOSPI fell 0.91% and Hong Kong’s Hang Seng index futures lost 0.54%. While global cues paint a grim picture, the market bulls may take some strength from the strong GDP growth projections for India and development on the Covid vaccine front. According to a report by UBS global research, India's economy is expected to clock the fastest growth among Asian peers with higher than 11.5 per cent growth in FY22 amid fast falling active COVID cases. Meanwhile, rating agency Icra too sees double-digit growth for the Indian economy at 10.1% in the FY22, however, it cautioned that in absolute terms the country’s GDP would only “mildly” surpass the levels of FY20. In another positive development, India has signed the first purchase agreement for the government-sponsored Covid vaccination programme with Serum Institute of India. The first consignment of vaccines is likely to be shipped by air on Tuesday morning, said a Business Standard report. Besides that, market participants will also eye the Industrial Production and Manufacturing Production data for the month of November, along with CPI inflation for December that are slated to be out today.  That apart, cryptocurrency bitcoin crashed 20.1 per cent to $30,500. The cryptocurrency had more than doubled in price from early December to a record $42,000 on Friday, leading some investment banks to warn of an impending bubble.  Now, a look at the stock-specific developments that are likely to sway the market today: Bank stocks are likely to be in focus today after RBI's Financial Stability Report of December 2020 stated that banks' gross non-performing assets may rise to 13.5% by September 2021, from 7.5 per cent in September 2020 under the baseline scenario. The bank-level NPA had touched 14.7 per cent in 1998-99. Tata Motors share will likely react to a 9 per cent YoY fall in Jaguar Land Rover's retail sales in the October-December period. The sales were, however, up by 13.1 per cent on a QoQ basis. Gail's board is scheduled to meet on January 15 to consider the proposal of buyback of shares. The Competition Commission of India (CCI) has approved acquisition of share capital in Adani Green Energy by a subsidiary of Total SE. Karnataka Bank, Tata Elxsi, Steel Strips Wheels are among 10 other firms scheduled to release their December quarter results today.

Central banks and governments around the world introduced a range of monetary and fiscal measures to mitigate the impact of the Covid-19 crisis. The Federal Reserve quickly lowered its policy rate to close to zero to support economic activity and took extraordinary measures to stabilise markets and bolster the flow of credit to households and businesses. Andreas Lehnert, director of the financial stability division of the Federal Reserve Board of Governors, discusses the full range of tools the Fed is using to support the US economy. Music: https://www.bensound.com/royalty-free-music

Hopes the Reserve Bank remains independent from the Government, so it's effective.Finance Minster Grant Robertson has written to the Reserve Bank, asking it to consider house prices more closely in its monetary policy remit.Economist Shamubeel Eaqub told Kate Hawkesby the Reserve Bank is doing all it can with monetary policy.He says Robertson's letter needed to be flexible, giving the bank a different way of dealing with the Government's request, while still being independent."The bank can't use interest rates how it would like, because we don't want it to raise interest rates in the middle of a pandemic - just because house prices are rising."Reserve Bank Governor Adrian Orr will speak later this morning, following the release of the November 2020 Financial Stability Report.LISTEN ABOVE

The Federal Reserve Board is the Central Bank of the United States. Founded by an Act of Congress in 1913, it operates under the twin mandate of full employment, narrowly defined, and stable prices. Now it you missed in that definition the provision that the Fed should also save us from natural disasters, you're not alone so did I. But protect us from Natural Disasters, or more precisely from the adverse affects of Climate change, appears to be just what the Fed has in mind. In the Fed's latest Financial Stability Report, released last week, the Fed for the very first time, has taken on the responsibility of monitoring climate change and its effect on the economy.

After surging nearly 3 per cent last week, the Indian markets are likely to start this week on a strong footing. The SGX Nifty was trading 45 points higher at 11,217 levels, at 7:10 AM, despite a mixed start in Asian equities where Japan’s Nikkei fell 0.6 per cent but Australia's ASX 200 gained 0.2 per cent. Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan was flat. This week, domestic equity markets will largely be steered by corporate earnings, developments on US-China relations front and Covid-19 trends. Meanwhile, the expiry of derivative contracts of July series on Thursday may keep the overall trend volatile. Last week, China ordered the US consulate in Chengdu to be closed, in retaliation for the US closure of the Chinese consulate in Houston following spying allegations. Any further developments in this front will impact financial markets globally. Another major event that markets would track is the US Fed's interest rate decision on Wednesday. Besides, corporate earnings will be a major trigger for the markets this week with heavyweights like Reliance Industries, HDFC, Maruti Suzuki, State Bank of India, and Bharti Airtel scheduled to announce their quarterly numbers. But first, investors will react to ICICI Bank's results announced on Saturday. The private lender posted a 36 per cent growth in June quarter net profit to Rs 2,599 crore on robust growth in net interest income and monetisation of stake in subsidiaries. On the coronavirus front, India's overall cases tally climbed to over 14 lakh on Sunday and the death toll from the virus infection rose to 32,812, according to Worldometer. Besides, Mindspace Business Parks REIT will today open its Rs 4,500-crore IPO for subscription. The IPO has the price band of Rs 274 to Rs 275 per unit and comprises fresh fund raising of Rs 1,000 crore and offer-for-sale of Rs 3,500 crore. Moreover, over 12.5 billion new YES Bank shares issued in the follow-on public offering will commence trading from today. Market players said the new shares, issued at Rs 12 apiece, are likely to exert downward pressure on the stock. Already, the stock has lost nearly 30 per cent in the last four trading sessions. And, now, some other top news. Sources have told Business Standard that the Mistry family is in talks with several investors to raise up to Rs 4,000 crore by selling part of its stake in Sterling and Wilson Solar, and also with Canadian financial powerhouse, Brookfield, to raise debt against its Tata Sons shares. The proceeds of the funds raised will be used to reduce the group’s debt and repay dues. Private sector lender HDFC Bank’s Managing Director Aditya Puri has sold 95 per cent of his shareholding in the bank valued at Rs 842.7 crore. Puri held 7.8 million shares in the bank, of which he has sold 7.42 million shares between July 21 and July 23. Some segments of the financial markets may have moved faster than economic realities suggest, thanks to the stimulus measures taken by global central banks, and this may pose a challenge to financial stability, RBI has said in its Financial Stability Report. Meanwhile, a PTI report suggests that the central bank is likely to go for a minimum 25 basis points cut in key lending rate in the forthcoming MPC meeting scheduled to begin on August 4.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news April retail sales reports are quite grim everywhere.In China, their retail sales in April were down -7.5% when markets were expecting a lesser year-on-year fall and a better recovery from March to April of +6.5% for the month. There is disappointment in these results. However, Chinese electricity generation and overall industrial production did rebound in April. But the recovery probably isn't enough for Beijing, so markets are expecting more stimulus. But it could just be more debt stimulus.The Chinese central bank has cut its reserve ratio requirement for most regional and community banks, adding to their ability to debt-fund local projects.However it comes, steel making will be a beneficiary. In fact, over the past week we have seen iron ore prices rise to their highest of the year, and now higher than before China's pandemic slowdown started. Metallurgical coal prices have stopped falling.But there is a key commodity stat that shows there is recovery in Chinese economic activity. In March, they used 10.6 mln barrels of oil a day. That was up from as February low of about 8 mln/bbd. In April that rose to 11.8% mln/bbd which was about its 2019 average.However, the Asian Development Bank has issued an updated estimate that says China will suffer a -7.8% decline in 2020 economic output. That is larger than most other analysts reckon. They also say the US will suffer a -5.7% fall, Japan a -1.7% retreat, and the EU will have a -6.7% fall. They say Australia and New Zealand will be hit with a -6.0% drop.The ADB says the current crisis could cost global GDP up to US$5.4 tln and reduce economic activity by -5.9% worldwide. It is particularly hard on countries like Indonesia. An unstable Indonesia is Australia's worst nightmare.In the US, data for American retail sales in April shows them -22% lower than the same month a year ago (and far worse than the Chinese experience), with -16% of that American fall coming since March. There has never been such a sharp collapse in American economic history.In March, and prior to the April disaster, American industrial sales were down -4.9% from the same month a year earlier. Inventories leapt. When the April data arrives it is likely to tell a similar story to the retail sales story. But the US Fed has a measure of industrial production for April and that fell the most ever recorded, down -15% from April 2019. Consumer goods production was down -16% year-on-year, business equipment was down -26%.Investors can't decide whether they should react to the unprecedentedly weak data, or the fact that many governments are moving to restart their economies. Wall Street ended flat on Friday, but down -2.5% for the week. Unbelievably, the S&P500 is at virtually the same level it was a year ago. (That is the power of share buy-backs to keep prices up.)And the US Fed issued a clear and stark warning about the risks to stock and asset prices generally. In its Financial Stability Report, it fingered commercial real estate as the sector most at risk to a gruesome repricing. They also note risks are also high for residential real estate and farmland. It sees rising risk aversion leading to depressed valuations, increased volatility, and impaired market functioning.Another complicating factor for the immediate future of trade is that the US-China trade relationship is unraveling faster now.In the insurance market, Lloyd's of London has said it expects coronavirus-related claims to cost it up to NZ$9 bln, its biggest payout since the September 11, 2001 attacks in the US. A third of those payouts are related to the postponement of the Tokyo Olympics. And those current losses could rise further if the lockdowns continue into the Q3-2020 quarter. Although Lloyds is a relatively small reinsurance market on a global scale, it does indicate that few companies actually carried cover for such a cataclysmic event.In Germany, they reported their economy shrank -2.3% in Q1-2020 from the same quarter a year ago.In Australia, new figures show 429,000 mortgages have been deferred totaling AU$155 bln. The figures take the total number of all loans deferred to 703,000, worth a value of $211 bln. More than one in 14 mortgages now have deferral arrangements in place there.The latest compilation of Covid-19 data is here. The global tally is now 4,686,100 and up +178,000 from this time on Saturday which is similar level of increase.Now, just under 32% of all cases globally are in the US, which is up +48,000 since this time Saturday to 1,430,000. This is also a similar rate of increase. US deaths are now exceed 89,000. Global deaths now exceed 313,000. The four countries with the most reported infections are now the US, Russia, the UK and Brazil. Peru, India, Iran and Turkey now all have more reported cases that China. India has announced a third extension to their lockdown. The pandemic has spread out of US and Europe to be a major crisis in emerging economies, places far less able to deal with it.In Australia, there are now 7045 cases (+26 since yesterday), 98 deaths (unchanged) and an improved recovery rate of just under 92%. 50 people are in hospital there (+4) with 16 in ICU (-1). There are now 580 active cases in Australia (-4).One additional case was reported yesterday in New Zealand, in a Christchurch nursing home. There have now been a total of 1499 Covid-19 cases identified as either confirmed or probable. Twenty-one people have died (unchanged). There are still only two people left in hospital with the disease (unchanged), and neither are in ICU. Our recovery rate is now just over 95% with 45 people known to be still infected (-4).The UST 10yr yield is settled at just on 0.64% and a +2 bps rise. The gold price is higher today that where we left it on Friday, up another +US$14 to US$1,742/oz.Oil prices are higher today as well. The US crude price is up from Friday by about +US$2.50/bbl to just over US$29.50/bbl. The international oil price is up a lesser amount to just under US$32.50/bbl. Modest rises in demand and supply retrenchments are forces behind the move higher.The Kiwi dollar is much lower this morning and will open at just under 59.3 USc. On the cross rates we have sagged to 92.5 AUc. Against the euro we are down to 54.8 euro cents. These falls mean the TWI-5 is now 65.5 and a six week low.Bitcoin is a firmer in weekend trading, up +2.5% to US$9,742.You can find links to the articles mentioned today in our show notes.Get more news affecting the economy in New Zealand from interest.co.nz.Tell your friends and email us a review - we welcome feedback.Kia ora. I'm David Chaston. We will do this again, tomorrow. 

Last week, the Fed released its quarterly Financial Stability Report, which monitors four financial vulnerabilities that could cause widespread problems in times of stress. Thankfully, the Fed’s assessment is that the financial system remains well-balanced, and inflation is not posing a threat today as it did on the eve of past recessions.    

This SightLines episode reviews the purpose and results of the Fed’s most recent Financial Stability Report. To read this week's SightLines, click here. The views expressed in this podcast may not necessarily reflect the views of Stifel Financial Corp. or its affiliates (collectively, Stifel).  This communication is provided for information purposes only.  Past performance does not guarantee future results.  Investing involves risk, including the possible loss of principal.  Asset allocation and diversification do not ensure a profit or protect against loss.  © Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifel.com

Kia ora,and welcome to Thursday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with global food markets that are in focus today.But first up, financial markets are awaiting signals from the US Fed's release of the minutes from its last meeting, and that will happen after 8 am this morning (NZT).In Canada, consumer inflation remains stable at 1.9% in October.China’s central bank announced lower interest rates for new benchmarks used by lenders to price their loans, marking the third time this month that borrowing costs have come down as Beijing shores up flagging economic growth. Their one year prime rate is now 4.15% and their five year prime rate is now 4.80%, both -5 bps cuts.Japan's trade balance shifted into surplus in October, but in a much weaker way than expected. Exports fell -9.2% and imports fell -14.8% from the same month a year ago.In the Philippines, the state electricity boss has admitted that due to the previous sale of the national grid to a Chinese company, they could be plunged into darkness remotely by a Chinese engineer as the core controls have moved out of the country.And a report, jointly prepared by PwC, Rabobank and Temasek, it has been pointed out that without a massive $800 bln investment over ten year in agriculture, Asia will struggle for food security and self sufficiency.India is suffering a severe shortage of onions and has just approved a massive import program to help stabilise prices and supply. It may disrupt world onion prices in a similar way that China's pork crisis has done.And the US has reported its lowest trade surplus in agricultural products in more than 13 years, with imports almost matching exports (which are stalled or declining). It is a sharp turnaround in their ag trade. [Advert]With Hatch, anyone can invest in the US share markets.Through Hatch, Kiwi investors can easily invest in over 2900 of the world’s best-known companies like Apple, Microsoft, Berkshire Hathaway, and Alibaba. With no minimum investment and fractional investing, investors can buy portions of companies they might not normally be able to afford and quickly build an exciting investment portfolio.Visit www.hatch.as/investing to learn more. In Europe, the ECB's latest Financial Stability Report warns of excessive financial risk-taking, including by non-banks, highly leveraged corporates and real estate sectors, as a consequence of their very low interest rate policies.Wall Street is lower today after a few days of treading water. Despite some positive signals from some retailers, the S&P500 is down -0.3% in mid-day trading today. That follows European markets that were down a similar amount overnight. And yesterday, Tokyo, Hong Kong and Shanghai all fell more, down about -0.7% on the day. The ASX200 was particularly hard hit yesterday, down -1.4% and led by sharp retreats by banks, especially Westpac. In complete contrast, the NZX50 rose +0.8% yesterday.The UST 10yr yield is down another -4 bps today and now at 1.74% and softening. Gold is down -US$5 at US$1,468/oz.US oil prices are sharply higher today and reversing yesterday's fall, now just over US$57/bbl. The Brent benchmark is just over US$62.50/bbl.The Kiwi dollar is a little softer this morning at 64.1 USc. On the cross rates we are firmer at just over 94.3 AUc and that is the highest in nearly three months. Against the euro we are under 58 euro cents. That leaves the TWI-5 at just on 69.4.Bitcoin is little-changed this morning at US$8,114.You can find links to the articles mentioned today in our show notes.Get more news affecting the economy in New Zealand from interest.co.nz and subscribe to receive this podcast in your favourite podcast app - we're on Apple Podcasts, Google Podcasts, Spotify or subscribe on our website.Tell your friends and leave us a review - we welcome feedback from listeners.

Wednesday 29th May 2019 Consumer confidence in the US hit a six month high, yet there’s a continued flight to bonds, pushing treasury yields to the lowest level since September 2017. Phil Dobbie asks NAB’s Ray Attrill whether the confidence is misplaced? After all, manufacturing data is showing a slide and forecasts are predicting a cut in growth when more tariffs are added on Chinese imports. They also discuss reports of a housing bounce after the Australian election and what to expect from the RBNZ today, with the Financial Stability Report and a session in front of a parliamentary committee for the Governor. Plus, a Brexit poll shows what markets fear – widening support for Brexit and a Labour win if the UK heads to another general election.

In this week's Real Estate News in Brief... the results of a U.S. financial stability report, a refinancing crackdown, and a new lawsuit against two big credit repair companies.   We begin with economic news from this past week, and a financial stability report from the Federal Reserve. The Fed report says the financial sector is “resilient” overall, but it also reported an increase in the number of risky loans issued to companies already struggling with debt. The report says, over the last nine months, the share of risky loans has risen above peak levels seen in 2007 and 2014. It also says that credit standards have been deteriorating.   www.NewsForInvestors.com    

What do you mean you’ve never seen The Big Short? It was nominated for five Oscars, won one and features Brad Pitt, Christian Bale and the part-time stripper with five houses and a condo. Watch it. Now! It’s all true. It’s about the financial crisis and it might all be about to kick off again. The Bank of England this week issued its Financial Stability Report and it’s terrifying. We’re in debt again folks. Last time it was houses and condominiums, this time it’s cars and credit cards, house prices and wages. People are buying cars on credit like they take out mobile phone contracts. Car companies have turned into money lenders, egged on by the banks. Yep the bank again. Did they learn nothing? Meanwhile, the Bank of England needs to combat inflation by raising interest rates. How on earth can they do that in this climate? Simon Lambert, Georgie Frost and Lee Boyce do their bejesus to explain. Also on the show, there’s some brilliant stuff on… Cash forever! Can ATMs survive? And what’s your favourite ATM fact? The one that makes Batman appear, maybe? Will the sneaky fund management industry finally reveal what charges they’re really skimming off? The future of final salary pensions and the triple lock. And the Queen’s beard. Enjoy.

To prepare for a future of electric and self-driving vehicles, General Motors will make a sweeping realignment. Today's Stocks & Topics: 401k, DBA - Invesco DB Agriculture Fund, NVDA - NVIDIA Corp., Long Term Healthcare Insurance, Retirement, Financial Stability Report, GDP, GM - General Motors Co., CMG - Chipotle Mexican Grill Inc., PM - Philip Morris International Inc., MO - Altria Group Inc.Support this podcast at — https://redcircle.com/investtalk-investment-in-stock-market-financial-planning/donations