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European bourses opened mixed but now in the red, US futures also lower ahead of NVIDIA results.USD is fractionally extending on Tuesday's upside, Kiwi leads after RBNZ delivers a hawkish cut.40yr JGB auction weighs, awaiting US supply & FOMC Minutes.Energy markets await JMMC/OPEC+; Metals tread water.US President Trump says Canada joining the Golden Dome is free if they are the 51st State, adding "They are considering the offer!".Looking ahead, US Richmond Fed Index, FOMC Minutes, OPEC+/JMMC, Speakers including BoE's Pill, Supply from the US, Earnings from NVIDIA, Salesforce, Abercrombie & Macy's.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

New Zealand has been on a more aggressive monetary policy path, having pushed rates high enough to create a recession, then cut them again after starting its easing cycle in August lowering the OCR by 225 points including another 25 basis points today, making the RBNZ one of the most aggressive rate cutters among its … Continue reading "Kiwis Get Another Rate Cut: But Will Home Prices Respond?"

Send us a question/idea/opinion direct via text message!This week Nick and Kelvin discuss the latest trends in the property market, focusing on first home buyer activity, labour market data, and the implications for the economy and the RBNZ's OCR decision at the end of the month. They also explore the importance of energy efficiency in housing (thanks to the NZGBC report) and the dynamics of the rental market, thanks to a listener question. The conversation highlights the challenges and opportunities facing buyers and investors in the current economic climate.Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.co.nz or kelvin.davidson@cotality.co.nz

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.

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 this week we may start to see some hard data from the US and how the Trump insurgency is affecting the world's largest economy. Already sentiment surveys seem pretty negative.For us, the week ahead will be dominated by the March quarter financial system data releases from the RBNZ on Wednesday.Internationally, we will remain trapped watching the chaotic policy changes from Washington and trying to assess how they may impact us. Wall Street's earning season releases will also be a big influence, especially results from Big Tech. And the Americans will release their Q1-2025 GDP results, PCE inflation data, and their ISM PMI survey results. And at the end of the week we will get the April non-farm payroll results for the US labour market.The Bank of Japan is scheduled to review its monetary policy, but they are unlikely to make any changes in the fog of uncertainty around trade policies. Australia will release its Q1-2025 CPI data (expect a dip to 2.2%). China will release its official PMI survey results.Over the weekend, China said its March industrial profits were better than expected, but private sector profits slipped again. However, overall profits rose +0.8% from a year ago. Also better were foreign company profits which were up +2.8% on the same basis.China said they are adding another ¥500 bln in medium-term lending facility funding. This is the second month they have pushed out substantial additional liquidity in this way.And China says more than 120 million people have benefited from their old-for-new consumer goods trade-in subsidy program, driving sales of more than ¥720 bln.And the BS meter is on high after Trump said that “we're meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.In fact, China cancelled some large pork and soybean orders to US suppliers. American farmers not only have to bear the brunt of trade policy gone rogue, they are also battling rouge weather.Singapore said its industrial production rose in March, a bounce-back from a weak February result. But the recovery wasn't as strong as analysts had expected.Across the Pacific, US initial jobless claims fell last week to +209,700 and to the level expected. But seasonal effects suggested this reduction should have been larger. There are now 1.89 mln people on these benefits, still higher than year ago levels. This is despite Federal pressure on States to deny long term undocumented workers access to benefits.New durable goods orders jumped in March by +10.9%, the largest rise in seven months. Capital goods orders rose +24.1%. But non-defense, non-aircraft capital goods orders were only up +1.8%. This is probably why the March or April PMIs didn't note a general rise in factory orders.US existing-home sales fell -5.9% in March from February to be -2.4% lower than one year ago.Meanwhile the Kansas City Fed factory survey reported lower activity, higher costs, and unchanged order levels.Nationally, the Chicago Fed's National Activity Index reported a small slip in March. This is consistent with the overall Fed Beige Book monitoring.And finally for the US, the UofM sentiment survey for April was -8.4% lower than for March, -32% weaker than a year ago. These are big drops. Year-ahead inflation expectations surged from 5.0% in March, an unusually high level, to 6.5% this month, the highest reading since 1981.North of the border, Canada reported February retail sales and they slipped from January to be +2.1% ahead of year ago levels. This data is volume data, so a real increase.And its election day in Canada (tonight NZ time). There has been a notable surge in early voting. Official data for this was released a week ago, and that showed 7.3 million electors had voted in advance at that stage. This is a +25% increase from the 5.8 million electors who voted in advance in the last federal general election in 2021. They have 27.6 mln eligible voters this time.The UST 10yr yield is now at 4.25%, up +1 bp from this time Saturday.The price of gold will start today at US$3318/oz, and up +US$88 from Saturday.Oil prices have held from Saturday be still just over US$63/bbl in the US and the international Brent price is now just under US$67/bbl.The Kiwi dollar is now at 59.6 USc, down -10 bps from Saturday at this time. Against the Aussie we are down -10 bps at 93.2 AUc. Against the euro we unchanged at 52.5 euro cents. That all means our TWI-5 starts today still just on 68 and unchanged from Thursday, but up +40 bps from a week ago.The bitcoin price starts today at US$94,238 and down -0.8% from this time Saturday. Volatility over the past 24 hours has again been low at +/- 0.7%.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.

Kia ora,Welcome to Tuesday'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 gold is rising, being the 'last man standing' as a perceived safe-haven asset. And American bond funds are having a moment, a negative one. Outflows are continuing, building selling pressure at the rate of about US$10 bln per week and have done so for the past five weeks now.The position of the US dollar and US Treasuries are being directly undermined by the US president. He and his advisers have been raging about the role of the Fed boss. If he tries to remove him, expect a larger market reaction, especially from the bond market. But so far it is all bluster.But first, it will be a short, truncated week post-Easter with just three business days until Frida's ANZAC Day holiday. Our March export results are one of the few data releases. We will also get an update this week from the RBNZ's six-monthly credit condition survey.Internationally, we will get the start of the March 'flash' PMIs for April. Wall Street will continue with its early earnings season results, dominated this week by big tech. US durable goods orders for March, and confidence survey results for April are also due for release this week.Over the weekend China left its key lending rates unchanged for the sixth consecutive month in April. After that, the yuan rose as did the Hong Kong and Shanghai stock exchanges. Expectations for a reserve ratio cut to boosrt bank liquidity are mounting there.China ramped up its budget spending in the first quarter at the fastest pace since 2022, allocating nearly 22% of planned outlays to counter weakening foreign demand amid an ongoing tariff war. The move is part of a broader strategy to boost domestic demand and support industries hit by trade tensions.Earlier they said foreign direct investment into the country is struggling again. In January it was down -14% from a year ago to ¥13.4 bln in the month. It rose to ¥16.6 bln in February. a +16% year-on-year gain. But it March it was only ¥6.9 bln, a -45% drop from from the same month a year ago. China prefers to look at this data "year-to-date" but that masks the current weakness.Japanese CPI inflation stayed high in March although it did slip to 3.6%, and the second consecutive decrease and the lowest of 2025.Across the Pacific, the US dollar has fallen to a three year low. Sentiment is being undermined by the Trump attacks on the US Fed. And it seems pretty clear that the US in now in a tariff-tax recession. Not only is the Atlanta Fed's GDPNow signaling a -2.2% economic contraction, the blue chip 'consensus' forecasts are now showing up with contraction forecasts too. And the spread into investors funds is happening rather quickly now. 90 of the top 100 best-performing exchange-traded funds of last year are down in 2025, with an average loss of -13%, according to Bloomberg Intelligence.American new housing starts unexpectedly dropped -11.4% in March from February to an annualised rate of 1.324 mln, the lowest level in four months and virtually the same as the same month a year ago. But the expectation is that these will fall from here as new-builds get much more expensive from the tariff-tax effect.US initial jobless claims came in at 220,000 last week, an increase although less of an increase than seasonal factors would have anticipated. But that puts them +5.1% higher than year-ago levels.Diving even more is the Philly Fed's factory survey in the heartland Pennsylvania manufacturing rust belt. This is the icon region the tariff-taxes are supposed to save. But they aren't feeling any benefit - although hardly surprising to everyone but MAGA zealots. New orders dropped to pandemic levels, and apart from the pandemic, the overall sentiment has seen its fastest and steepest drop since these survey records started in the 1970s.In Canada, they are a week away from their federal election (Monday, April 28, 2025 Canadian time). The polls are tightening but the incumbent Liberal Party still holds a comfortable lead over the Conservatives. Likewise in Australia, their federal election is in the week after that. Polls there also show a comfortable lead for the incumbent Labor Party. In both cases, the conservative forces are undermined by the toxic Trump effect. But on the other side, the Labor Party is wavering in some key heartland Sydney seats, hurt by "the Gaza issue".In Europe, they are in a better position to cut interest rates because they also don't have the inflation pressures the US has. And they have. The European Central Bank cut its policy interest rates by -25 bps on Thursday, as expected, marking the sixth consecutive cut since June and bringing the key deposit rate down to 2.25%. They say their disinflation process is progressing well and they have now dropped previous references to a "restrictive" policy stance. They also say that their growth outlook has worsened from the escalating trade tensions.On Thursday, Australia released its March labour market data and there was a good +33,000 rise in new jobs, bouncing back from the February drop. The March data saw the increase evenly split from an increase in full-time jobs and part-time jobs. Their jobless rate unchanged stayed at 4.2%. There are +308,000 more people employed in Australia over the past year, a rise of +2.2%. The UST 10yr yield is now at 4.40%, up +7 bps from this time Saturday. Wall Street is taking it on the chin in its Monday session, down a very sharpish -3.1% on the S&P500, and staying down. The Nasdaq is down -3.6%, the Dow down -3.3%, so a broad retreat. The price of gold will start today at US$3417/oz, and up +US$90 from Saturday.Oil prices have fallen (in USD), down -US$1.50 from Saturday to be now just over US$63/bbl in the US and the international Brent price is now just on US$66/bbl.The Kiwi dollar is now at 60 USc, up +60 bps from Saturday at this time and its highest in six months. Against the Aussie we are up +50 bps at 93.6 AUc. Against the euro we unchanged at just on 52.1 euro cents. That all means our TWI-5 starts today now just under 68 and its highest since mid December.The bitcoin price starts today at US$86,811 and up +2.6% from this time Saturday. Volatility over the past 24 hours has again been moderate at +/- 2.2%.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 operating budget for the coming year has been slashed by about 25 per cent. In a statement released yesterday, RBNZ board chair Neil Quigley said the organisation will need to look closely at capital and operational expenditure, as well as spend on personnel. Finance Minister Nicola Willis spoke to Corin Dann.

Reserve Bank economist Paul Conway believes there's one upside to the tariff turmoil for Kiwis. Conway suspects the tariffs will likely lead to lower inflation in New Zealand, which will also lead to lower interest rates. Infometrics Principal Economist Brad Olsen unpacked the announcement - and explained the ins and outs of the Reserve Bank's new Kiwi-GDP tool. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Reserve Bank economist Paul Conway believes there's one upside to the tariff turmoil for Kiwis. Conway suspects the tariffs will likely lead to lower inflation in New Zealand, which will also lead to lower interest rates. Infometrics Principal Economist Brad Olsen unpacked the announcement - and explained the ins and outs of the Reserve Bank's new Kiwi-GDP tool. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Equities began the week with strength after the tariff reprieve for smartphones, though Trump's walk-back on this capped gains.Trump said there were no exceptions announced on Friday; Lutnick said semiconductor-tariffs in a month & pharma-tariffs in a month or two.DXY remained below the 100 mark, EUR/USD briefly surpassed 1.14 & Cable briefly surpassed 1.31.USTs attempted to nurse recent pressure but the constructive tone capped, Trump said the bond market is going good.Crude rangebound despite the tone as constructive US-Iran talks and remarks from Energy Sec. Wright offset this.Fed's Collins said they are likely moving to a period of difficult tradeoffs, and "we're not seeing liquidity concerns overall", via WSJ.Looking ahead, highlights include US NY Fed SCE. Speakers include RBNZ's Conway, Fed's Waller & Harker. Earnings from Goldman Sachs & LVMH.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump's administration exempted items from reciprocal tariffs including smartphones, storage devices and some other electronics.However, Trump posted on Sunday that there was no tariff exception announced on Friday and that these products are subject to the existing 20% fentanyl tariffs and are just moving to a different tariff bucket.European bourses open higher as markets digest exemptions on smartphones/electronics; US futures also gain.DXY on the backfoot once again and G10s broadly supported with newsflow on the quiet end.Bonds diverge once again but are contained with specifics light thus far; USTs a little firmer whilst Bunds dip.Crude contained, gold wanes, base metals supported given the positive risk tone.Looking ahead, US NY Fed SCE, Speakers including RBNZ's Conway, Fed's Waller & Harker, Earnings from Goldman Sachs & LVMH.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Reserve Bank has dropped the OCR by another 25 basis points this week, putting it at 3.50%. Many homeowners would have rushed to refix or float while waiting for the announcement in December, but at what point is it worth breaking your mortgage for a lower rate? LISTEN ABOVESee omnystudio.com/listener for privacy information.

US President Trump's reciprocal tariffs alongside the 104% levy on China came into effect; US President Trump said China is manipulating its currency in offset against tariffs, and added the US will be announcing tariffs on pharmaceuticals soon.Shanghai Comp. (+0.2%) was somewhat cushioned following recent stabilisation measures and expected policy support; E-mini S&P futures fell (-2.2%); markets await China's response.10yr UST futures notably slumped amid a surge in yields due to trade war concerns and after a weak 3yr auction stateside.RBI and RBNZ both cut their respective rates by 25bps as expected - both central banks flagged trade uncertainty; Japan's BoJ, MOF, FSA hold meeting to discuss international financial markets at 08:00BST.European equity futures indicate a lower cash market open with EuroStoxx 50 futures down 4.3% after the cash market closed with gains of 2.5% on Tuesday.Looking ahead, highlights include US Wholesale Sales, FOMC Minutes, Trump Executive Orders, Speakers including BoJ's Ueda, ECB's Knot, Cipollone & Fed's Barkin, Supply from UK & US, Earnings from Delta & Constellation Brands.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The ASX 200 fell another 135 points to 7375 (-1.8%). At one point the market rallied to a drop of only 75 points as banks found defensive buyers. Resources were the point of pain as commodities fell on global growth and Chinese economic output. BHP fell 3.5% and FMG crashed 4.2% with LYC bucking the trend rising 2.0% as gold miners held relatively steady with bullion pushing higher. MIN fell 12.1% with PLS off 8.4% as NIC fell 14.1%. BSL continues to suffer, down 3.7%. Oil and gas stocks, dropped hard, STO down 5.7% and WDS off 3.7% with uranium under pressure again, PDN down 4.5% and DYL off 7.7%. Coal stocks fell too. Banks held up better, CBA up 0.5% with NAB down 0.7% and the Big Bank Basket down to $237.07 (-0.3%). Healthcare was hit, CSL down 5.0% on pharma taxes to come. COH also falling 2.6% with REITs down too. GMG off 1.6% and VCX falling 1.4%. Industrials were weaker across the board, WES fell 0.6%, WOW and COL eased with QAN down 4.0% and retail trying hard to hold the line. Tech stocks fell back to earth, WTC down 1.8% and XRO off 0.9% and the All-Tech Index down 1.9%.In corporate news, RPL fessed up to the FUM loss due to OPT and fell hard, down 11.9%. On the economic front the RBNZ cut rates by 25bps. Asian markets were volatile, Japan whacked again down 4.2% with China positive despite the 104% tariffs. HK down 1.6%.10-year yields pushing up again. Long-dated yields are surging, whilst short-dated yields are falling. US 30-year now at 4.9%. Dow and NASDAQ futures both down 1.8%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Global stocks initially rose overnight on hopes for trade deals, but are off their highs in late US trade on confirmation China's exports will face a 104% tariff within the day. The RBNZ is set to cut today, but will it be 25 bps or 50? And confidence surveys in Australia and New Zealand show confidence rebounded, but that was before the tariff news. In our bonus deep dive interview, ANZ's Group Chief Economist Richard Yetsenga says the market reaction to the US administration's latest tariff announcements could result in a Trump pivot. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Donald Trump threatens additional 50 per cent tariff on China, Star Entertainment signs $300m deal with Bally’s. Plus, Christian Hawkesby named new RBNZ governor.See omnystudio.com/listener for privacy information.

The ASX 200 rose 167 points to 7510 in a Tuesday turnaround. Buoyed by hopes that the tariffs are still negotiable and the US futures showing a good start at least. The market rallied across the board with a special shout out to resources with BHP up 2.3% and FMG gaining 3.5%. Gold miners were also better despite bullion falling as quarterlies beckon. NST ran 5.0% ahead, EVN bounced 5.0% and NEM up 2.7%. Lithium stocks rallied on hopes for more EV stimulus in China, PLS up 5.4% and LTR up 8.1%, short covering helped. In the uranium space, BOE saw shorts in play up 11.0% and WDS rallied 3.3% with STO up 5.4%. Coal stocks also did well, WHC up 8.7%. Banks were solid with the Big Bank Basket up to $237.69 (+2.2%). CBA up 2.8% and MQG bouncing another 3.8%. Financials generally much stronger, GQG up 6.2% and XYZ up 8.6%. ZIP announced a $50m buyback and rallied 6.7%. RETs firmed,  GMG up 0.4%. Industrials were strong across the board, WES up 3.0% with JBH up 3.4% and REA doing well up 4.6%. SGH rallied 4.3% with healthcare stocks also in demand, COH up 1.2% on tariff relief, SIG up 5.3%. Tech also doing well, WTC up another 5.0% with XRO up 4.3% and the All-Tech Index up 4.5%. In corporate news, GYG said it was on track for dividend payment. WPR also better on capex required to convert stores with VEA. In economic news, Consumer sentiment fell, the RBNZ has a temporary governor in Christian Hawkesby. Asian markets recovered along China was muted after talking tough on a fightback. 10 -year yields rallied to 4.23%. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

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 we are now in a 'new world economy' and it will take some getting used to. The roll-out and consequences will develop over days, weeks, months, and years.The immediate past is irrelevant today. Tomorrow will be quite disconnected from the recent past.But first up, we have a busy week ahead. On Wednesday, the RBNZ will release the results of its OCR review, and a -25 bps cut is anticipated, taking it to 3.50%. It has been clearly signaled by the central bank, although we should note that much has happened to change the immediate economic outlook over the rest of 2025 and beyond.The Indian central bank will also review its policy rate, also on Wednesday, and a -25 bps cut is also anticipated there from the current 6.25%.Elsewhere both the US and China will release CPI and PPI inflation data. EU retail sales data and German industrial production data will also come this week.But nothing will be as influential as the tariff war hostilities, punch and counterpunch. Over the weekend China has responded to the US tariffs with its own sweeping restrictions on trade with the US, with more to come. In all, we count eight major announcements on restriction of trade with the US.China placed export restrictions on rare earth elements squeezing supply to the West of minerals. These materials are used in optical lasers, radar devices, high-powered magnets for wind turbines, jet engine coatings, communications and other advanced technologies. That leaves many manufacturers scrambling for fresh supplies of the critical minerals they have relied upon for decades.Late last week we reported that Canada retaliated. But so far, we haven't heard of EU retaliation, although they are huddling to plan a united response. (And oddly, no US tariffs were applied to Cuba, Iran, North Korea or Russia - even though the US runs a large -US$4 bln trade deficit with Russia.)Fed boss Powell was speaking over the weekend and he said the economic impact of new tariffs is likely to be significantly larger than expected, and the central bank must make sure that doesn't lead to a growing inflation problem. "The same is likely to be true of the economic effects, which will include higher inflation and slower growth."All this will have very large secondary effects on New Zealand, and our currency dived sharply on the news at the end of last week. It was an even larger negative reaction for Australia.Commodity prices have taken outsized hits, all consistent with pricing for a deep recession. Copper is down -16.5% since its late-March peak. It is far from the only one, and the adjusting is still underway. Gold wasn't immune. Nickel, zinc, and aluminium are all also down sharply. So far, food prices haven't really moved much, and the FAO report for March confirmed that.Those secondary reactions will be widespread however. The airfreight market is expected to be thrown into turmoil, up in the immediate scramble to get ordered goods, then a deep drought, as it will be for shipping. Collapses will further hinder the reduced trade expected.The key takeaway from all this is unsettling - this isn't the bottom. It may only be the start of a steep decline. It certainly is a 'Black Swan' event. That tariffs were coming, no surprise. But the size and comprehensiveness were very much larger than anyone, friend or foe, expected. Everyone should be worried, especially savers. Stagflation is the most likely future we face.For the record, there was economic data out over the weekend. The US non-farm March payrolls came in better than anticipated with a +228,000 seasonally adjusted rise in the month. The monthly average gain in 2025 is now the lowest since the 2020 year (and also lower than any year 2016-2019.) Canada reported a -33,000 drop in March employment. Deeper rate cuts are the likely Bank of Canada response, and soon - on April 17, NZT.And across the Pacific, Japanese household income rose more than expected in February from the steep drop in January. But it wasn't enough to show a gain year-on-year.German factory orders remained low in February, and unchanged from January in an under-shoot.But none of this recent-history data really means much anymore.The following changes are outsized, and still moving. But this is what we see now.The UST 10yr yield is now at 4.00%, down -25 bps from a week ago. The VIX volatility index has jumped suddenly, moving up towards an extreme level.Wall Street fell hard in its Friday trade with the S&P500 down -6.0% on the day and the Nasdaq was down -5.8%. The S&P500 futures trade suggests a small part of that (maybe +0.7%) could be recovered when Monday trade resumes.The price of gold will start today at just on US$3037/oz, up +US$17 from Saturday but down a net -US$71 from Friday, a huge move as gold is just being classed as "another commodity". Also, even before the latest tariff chaos, the Germans were worried about a Trump America, and talking about relocating its gold reserves out of New York. Those voices are louder now.Oil prices have dropped another huge -US$4.50 from Friday at just on US$62/bbl in the US and the international Brent price is now just on US$65.50/bbl. This market faces steep demand drops just as it wants to increase production.The Kiwi dollar is now at 55.9 USc, up +30 bps from Saturday but an enormous -220 bps dump from this time Friday, down -4.3%. Against the Aussie we are down -10 bps at 92.5 AUc and the Aussie dollar took an even larger hit on Friday. Against the euro we up +20 bps but down -150 bps from Friday at just under 51.1 euro cents. That all means our TWI-5 starts today now just on 65.8 and down -120 bps from Friday to its lowest since the brief pandemic dive on March 20, 2020, and before that in March 2011 as the GFC bit hard..The bitcoin price starts today at US$81,097 and down -3.2% from this time Saturday. Volatility over the past 24 hours has been modest at +/- 1.5%.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.

Send us a textDollar traders await US CPI data amid global trade turbulence. RBNZ to cut by 25bps, could maintain dovish stance. China's CPI and PPI to reveal tariff impact on inflation. Strong UK GDP data could help the pound climb higher.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.

Rabobank’s Senior Strategist discusses the latest on the USA tariffs and the upcoming RBNZ decision on the OCR on April 9.See omnystudio.com/listener for privacy information.

The Reserve Bank appears to have caved to pressure with its decision to review its capital requirements. The central bank introduced stricter rules in 2019, requiring banks to hold capital to buffer them against a 1-in-200-year financial crisis. The rules have been criticised for driving up lending costs. Former Reserve Bank economist Michael Reddell told Mike Hosking there's been a clear appetite for change. He says the Reserve Bank has "read the tea leaves", including criticism it's faced from banks, businesses, and Finance Minister Nicola Willis herself. LISTEN ABOVE See 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.And today we lead with news commodity prices are falling away across the board, along with crypto, as a risk-off mood builds in financial markets.In the week ahead, the most interesting developments will be close to home. There will be the usual monthly dump of February data from the RBNZ later today, and the real estate industry will start reporting its March results and listing levels. And in Australia, their central bank will be reviewing its monetary policy settings. But because they are in an election campaign it would be surprising indeed if they may any moves either way that might influence voters.The week will end with American labour market data for March. But because the impacts of DOGE cuts or tariff hikes are yet to be felt, little-change is anticipated here either. But more PMI reports will start to reveal new order levels, which will give important early warning signals.There will be PMIs out for China too, Japan business sentiment, EU inflation, and German factory orders, which will all help paint a picture of how the global economy is coping.But first up today, there will be a lot of interest on tomorrow's Wall Street open. It ended its Friday session with the S&P500 down -2.0% and no signs of recovery late in the session. The Nasdaq fell -2.7% on the day. Weekend futures trading has the S&P500 recovering +0.8%, but that basically embeds the Friday retreat. Risk-off sentiment is strong with major investors selling, seeing this as a time to hold cash.The core reason Wall Street is risk-off is that American consumers are increasingly anxious about their jobs, and the inflation pressures ahead. And both of those worries are over what higher tariffs will do to them. Town-hall meetings across the country are giving the message to Congresspeople that they aren't too happy about the self-serving government- by-billionaires either.The final University of Michigan March sentiment survey was revised lower from its already low 'flash' result. Consumers are in full defensive mode, expecting inflation to jump, and job security to worsen. Wall Street can't ignore these signals.Other data out over the weekend didn't help. The core US PCE inflation indicator for February rose its most since January 2024, and of course this doesn't include the effect of the recent policy missteps. This data is a little signal magnified by current policy settings.US consumer spending came in lower than expected. Consumer savings rates rose. This is consistent with consumers shifting to a defensive mood ahead of their expected rough economic weather.It isn't any better in Canada where their monthly GDP indicator for February revealed no net expansion, following a positive January expansion.In China, talk about rate cuts that officials don't like brings prosecution. They say "the local public security organs" have dealt with two such people.In Australia, they are off and running for their May 3, 2025 federal election. Like most elections, it will be fought on "cost of living" issues. The campaign starts with the incumbents in a strong and rising position on their two-party-preferred basis. Expect a sledge-a-thon for the next five weeks.And for the record, when we are thinking of drought and rainfall in Australia, this resource is useful to keep perspective.Commodity prices are under pressure. Worth watching is the price of copper. It is very high at present, but lower economic activity in both China and the US could bring about 'a collapse'. It would not be the only commodity to suffer.We should also possibly note that the US Fed balance sheet shrunk again last week to be -US$745 bln lower than this time last year. So far we haven't seen any slacking in the pace of their tightening.We should also note that in this current risk-off phase, the US dollar has not risen. This is very unusual and may portent a diminished role for the greenback in the global economy.So far, the world has kept buying US Treasury paper, but the more the Federal finances are twisted by Trump, the less likely that demand will hold. But remember less than 24% of total US federal debt is held by foreigners (US$8.512 tln of US$36.218 tln in gross terms), so the impact from foreign demand will be muted. However, markets will notice any substantial pullback by this group, and that will colour its market status and price. The big impacts will come from the locals' willingness to absorb this debt.The UST 10yr yield is now at 4.25%, unchanged from yesterday at this time. The price of gold will start today at just on US$3085/oz and up another net +US$5 from Saturday. Although off it at the moment, gold keeps challenging it's all-time high levels.Oil prices are little-changed from Saturday at just under US$69.50/bbl in the US and the international Brent price is now just over US$73.50/bbl.The Kiwi dollar is now at 57.2 USc and unchanged from this time Saturday. Against the Aussie we are unchanged at 90.9 AUc. Against the euro we are also unchanged at just under 53 euro cents. That all means our TWI-5 starts today still just over 66.7.The bitcoin price starts today at US$82,272 and down -1.9% from this time Saturday. Volatility over the past 24 hours has been modest at +/- 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.

The Bank of England holds. New Trump sanctions on Iran pump up oil prices by 1.7%. Australia's big jobs fall in February is not expected to force more RBA cuts, while New Zealand's stronger Q4 growth shouldn't stop RBNZ from cutting more. In our bonus deep dive interview, ANZ Economist Henry Russell digs into what led to New Zealand's faster-than-expected growth at the end of 2024. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

New data from CoreLogic shows we're at the best level of property affordability since before Covid. While rent costs are waiting to catch up, the difference between mortgages and annual salaries is closing in. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ex-politician Rodney Hide is fighting a battle. It began a couple of years ago, and it continues today. It involves the 'Relationship and Sexuality Education Curriculum' being taught in his daughter's school. It's actually taught in all schools. Rodney is not the only parent unhappy about what's being taught, but he stands almost alone in trying to address it. To him it is a matter of principle. But we also discuss other matters- the RBNZ and Adrian Orr, Luxon and the National party, economic growth, and more. And we wind up in The Mailroom with Mrs Producer. LISTEN ABOVESee omnystudio.com/listener for privacy information.

APAC stocks began the week mixed amid tariff-related concerns and as participants digested the softer-than-expected Chinese inflation data.US House Republicans unveiled a stopgap funding bill to keep the government funded through September 30th.US President Trump said on Friday regarding Canada that he may do reciprocal tariffs as early as Friday or Monday; added the EU has been a terrible abuser.European equity futures indicate a higher cash market open with Euro Stoxx 50 future up 0.7% after the cash market closed lower by 0.9% on Friday.DXY is a touch firmer, EUR/USD remains on a 1.08 handle, JPY is the marginal outperformer across the majors.Leaders of Germany's CDU/CSU and SPD said they have completed preliminary talks on forming a coalition government.Looking ahead, highlights include German Industrial Production & Trade Balance, EU Sentix Index, US Employment Trends, NY Fed SCE, Chinese M2 Money Supply, ECB Survey of Monetary Analysts, RBNZ's Hawkesby.US clocks moved forward by an hour to Daylight Saving Time, meaning there is now just a four-hour time difference between London and New York for the next three weeks.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

A former Reserve Bank senior staffer ranks Adrien Orr as the least competent Reserve Bank Governor New Zealand's ever had. Orr's announced he's quitting two years into his second five year tenure. Geof Mortlock told Mike Hosking there's been many negative results from his monetary policies. He contends Orr has left New Zealand taxpayers with more than $10 billion of debt. His shock exit announcement yesterday comes as the bank is in the process of agreeing its funding increase for the next five years. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Reserve Bank of New Zealand cut the OCR by another 50 basis points this week. Homeowners and hopeful buyers alike have been eagerly watching recent OCR announcements as interest rates continue to fall. But why aren't the banks following suit? LISTEN ABOVESee omnystudio.com/listener for privacy information.

The last central bank finally gives in to reality, joining the rate cutting cycle in one final blow to higher for longer. This brings RBA closer to its neighbor RBNZ even though, on the surface, the two seem far apart in every respect. For all this alleged differences, however, the dollar has drastically other ideas which is why dollar for dollar for dollar, they're all the same globally synchronized. Eurodollar University's Money & Macro AnalysisCNBC Australia's central bank cuts rates for the first time in more than four years, flags economic uncertaintieshttps://www.cnbc.com/2025/02/18/australia-central-bank-cuts-interest-rate-for-the-first-time-in-over-four-years.htmlBloomberg ECB's Panetta Says Economic Weakness Is Worse Than Expectedhttps://www.bloomberg.com/news/articles/2025-02-19/ecb-s-panetta-says-economic-weakness-is-worse-than-expectedBloomberg New Zealand to Slow Pace of Easing After Third Big Rate Cuthttps://www.bloomberg.com/news/articles/2025-02-19/new-zealand-delivers-third-big-rate-cut-to-revive-ailing-economyhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc.

President Trump is eyeing increased tariffs of 25 per cent on imports of cars, drugs and semi-conductors and he announced he would provide further details in April. Ukraine peace talks between the U.S. and Russia end in Riyadh with both sides pledging increased cooperation. President Trump slams Ukrainian President Volodomyr Zelenskyy's call to be included in negotiations. In banking news, Europe's largest lender HSBC announces cost cuts of $1.8bn over the next two years as well as a new $2bn buyback. The RBNZ slashes rates by 50bps for the third consecutive time in an attempt to resuscitate growth.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

APAC stocks traded mixed following the somewhat choppy performance stateside.President Trump stated he will impose 25% tariffs on autos, pharmaceuticals and chips.European equity futures indicate a slightly lower open with Euro Stoxx 50 futures down 0.1% after the cash market closed with gains of 0.3% on Tuesday.The RBNZ delivered a third consecutive 50bps rate cut and signalled further cuts ahead; likely to step down to 25bps increments.DXY a touch softer, NZD leads, most other majors are broadly contained.Looking ahead, highlights include UK CPI, FOMC Minutes (Jan), Fed's Jefferson, Supply from UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Sentiment hit across markets after Ukrainian President Zelensky pushes back against US-Russian talks, with equities at fresh lows.USD a little firmer, NZD leads post-RBNZ, GBP contained after mixed inflation metrics.Crude firmer while aluminium spikes on EU's 16th sanctions package on Russia.Gilts lag after UK CPI, USTs await 20yr supply & FOMC Minutes, Bunds hit by hawkish ECB Schnabel comments.Looking ahead, highlights include FOMC Minutes (Jan), Comments from Fed's Jefferson, Supply from the US, Earnings from Etsy, Garmin, Wix.com, Analog, Carvana.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The Whyalla steelworks placed into administration as the government considers its options; wage growth declines across the last quarter; reporting season continues; NAB’s result signals a banking shift; the RBNZ cuts rates again; a new app helping travellers find a place to stay; Colgate gets into pet food; and Carl Capolingua joins us for the Market Wrap. Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

In today's episode of The Daily Voice, Sam reviews the latest UK inflation number and the RBNZ rate decision. He goes onto preview the day day ahead which includes the FOMC minutes and earnings from Etsy, Carvana and Garmin.

A Reuters poll of 33 economists had 32 expecting the RBNZ to slash the official cash rate by 50 basis points on Wednesday, bringing the rate down to 3.75 percent. Economist and professor at Auckland University Robert MacCulloch spoke to Corin Dann.

US investors return from a public holiday with a cautious mindset, yet optimism remains for equities, as investors expect them to be the best-performing asset class in 2025. In corporate news, Intel shares surged the most since 2023 on speculation of a potential breakup, while SuperMicro extended its rally after issuing a bullish forecast. In contrast, Medtronic fell as quarterly sales missed expectations. Australian stocks are in focus as NAB, Santos, and Rio Tinto prepare to release earnings today. Meanwhile, oil prices climbed on discussions of an OPEC production delay, and gold gained amid uncertainty surrounding potential Trump-era tariffs. Elsewhere, the RBNZ is expected to deliver another 50 basis point rate cut, while in Australia, the ASX 200 is set to slip on Wednesday, and the Aussie dollar remains flat following yesterday’s rate cut. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

It's the Reserve Bank's first official cash rate decision for 2025 - and many economists are predicting a rate cut to start off the year. The RBNZ is largely expected to lower the OCR by 50 basis points tomorrow, with two major banks already announcing rate cuts. Infometrics principal economist Brad Olsen says a significant cut looks likely - but warns the central bank runs the risk of overdoing their response again. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Carol Kong and Kristina Clifton discuss the top influences affecting currency markets this week, including the Reserve Bank of Australia's meeting, the Reserve Bank of New Zealand's meeting and US tariffs.    Disclaimer:    Important Information   This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”).  Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.   No Reliance  This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes.  This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.   The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.  Liability Disclaimer  The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.    

Curso en Vivo | Marzo 2025 - Trading Dynamics, Pivot Points, Ondas de Elliot y Bill Williams.mas info Aquí! https://shorturl.at/gjGBoGuías de Trading Gratuitas

In the first episode of 2025, host Nigel Grant is joined by podcast favourite Chris Tennent-Brown (Senior Economist, ASB) to discuss market performance in January and to give his thoughts as we look ahead to the year's first OCR announcement.

We are crossing the ditch to New Zealand today to look at the latest home price data from the REINZ, and the latest inflation data from the RBNZ. The New Zealand property market experienced a relatively quiet month in December 2024. Actually, sales increased by 1.8% nationwide compared to December 2023, rising from 5,420 to … Continue reading "Kiwis Hold Their Breath On Property, And Rates."

In 2022, Reserve Bank governor Adrian Orr told Christmas shoppers to “cool your jets”, as the bank scrambled to control inflation by hiking interest rates. This week - now inflation has been beaten back down - he delivered another whopper 50-basis point rate cut in the RBNZ's latest monetary policy statement. Kiwibank chief economist Jarrod Kerr joins Bernard Hickey to discuss the governor's gradual transformation from OCR grinch to Father Christmas, and how many more rate cuts we can expect to see in the new year. Learn more about your ad choices. Visit megaphone.fm/adchoices

The New Zealand Reserve Bank's Monetary Policy Committee lowered the Official Cash Rate to 4.25% from 4.75%. The bank's updated projections are consistent with another 50-point reduction at its next decision on Feb. 19, Governor Adrian Orr told reporters at a press conference. “But it's also conditional on economic projections panning out,” he said. “Economic … Continue reading "Kiwis See Another Rate Cut As The RBNZ Takes A Different Path!"

APAC stocks were mixed after the S&P 500 and DJIA posted fresh record highs but the small-cap Russell 2000 underperformed.FOMC Minutes noted uncertainty over the neutral rate level makes it appropriate to reduce restraint gradually; some said the Fed could pause easing.Israel's cabinet approved the ceasefire deal with Lebanon; ceasefire has since gone into effect.European equity futures are indicative of a negative cash open with the Euro Stoxx 50 future -0.3% after the cash market closed lower by 0.8% on Tuesday.RBNZ cut the OCR by 50bps, which was widely expected, although there were outside bets for a greater 75bps reduction.DXY is steady below the 107 mark, NZD leads gains across the majors, JPY supported as BoJ hike expectations build.Looking ahead, highlights include US PCE (Oct), GDP 2nd Estimate (Q3), PCE Prices Prelim (Q3), Initial Jobless Claims (23 Nov, w/e), Durable Goods (Oct), Advance Goods Trade Balance (Oct), German GfK Consumer Sentiment (Dec), Comments from ECB's Lane, US Supply.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

European equities on the back foot with hawkish remarks from Schnabel weighing, US futures mixed into a packed data docketJPY outperforms with the NZD a close second after the RBNZ, EUR lifted by Schnabel; DXY pressured as suchFixed benchmarks in the green and towards highs though Bunds were dented by ECB speak, OAT-Bund yield spread at its highest since 2012Crude benchmarks are modestly firmer but in narrow ranges awaiting updates around the ceasefire, US data and OPEC+; metals moving higherLooking ahead, highlights include US PCE (Oct), GDP 2nd Estimate (Q3), PCE Prices Prelim (Q3), Initial Jobless Claims (23 Nov, w/e), Durable Goods (Oct), Advance Goods Trade Balance (Oct), Comments from ECB's Lane, US Supply.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Today, I'm grateful to be speaking with Ian Woolford, the head of money and cash at the Reserve Bank of NZ.Central Bank Digital Currency, branded as 'digital cash' by the RBNZ, has the potential to give the banking scene the boot up the backside we desperately need. One step further, trillions of dollars of assets migrating into the digital ecosystem (which is what CBDC's help facilitate) will usher in the most significant changes to wealth we've EVER seen. Concerns exist, absolutely, especially over the long term. A responsible and trustworthy RBNZ is the at the base-layer of our financial system. CBDC's have the potential to dramatically increase the power they hold. Our trust in them must therefore increase over time.Read more______________________Online courses:The Home Buyers Blueprint: Get a better home; Get a better mortgage.The KiwiSaver Millionaire Roadmap: From 6 figures to 7; Get a Rockstar Retirement!New Wealth Foundations: Personal finance from a wealth-builder's perspective.Take the free, 5-part online course Crypto 101: Crypto with Confidence (In partnership with Easy Crypto)Book in a free 15-min phone call with Darcy Ungaro (financial adviser)- click on this link.Get SocialSign up to the newsletter!Check out the most watched/downloaded episodes hereFollow on YouTube , Instagram, TikTok: @theeverydayinvestor, X (@UngaroDarcy), LinkedIn.Learn more about Ungaro & Co Financial Advice: www.ungaro.co.nz________________________Affiliate Links!I may receive a financial benefit if you click on these links.HatchSharesiesEasy...

Poor Kiwi's have been hit by some of the highest interest rates in the western world, thanks to the aggressive OCR hikes from their Central Bank, as high migration stoked inflation, but still saw a recession. Then the RBNZ turns turtle and started to cut rates, as migration started to fall, along with home prices, … Continue reading "Too Late! Kiwis Get Another Large Rate Cut, With More To Come…"

The average ranking of Australian universities declined by five places on the Times Higher Education World University Rankings. SBS Finance Editor Ricardo Gonçalves speaks with Angel Calderon from the QS Global Rankings Advisory Board to find out why and what that means for the economy, plus Niv Dagan from PEAK Asset Management on the day's sharemarket moves, while Rhayna Bosch discusses the RBNZ's huge rate cut with Jarrod Kerr from Kiwibank.

European bourses are choppy and trading indecisively on either side of the unchanged mark, but the FTSE 100 outperforms; US futures are modestly lower.Dollar is firmer with G10s lower across the board to varying degrees; the Kiwi lags after the RBNZ delivered a widely expected 50bps cut and signalled the likelihood of further easing to come.Bonds are incrementally firmer, UK auction garnered solid demand but the tail was still large sparking some modest pressure in Gilts.Crude is firmer attempting to pare back the hefty losses in the prior session; XAU/base metals are modestly lower.Looking ahead, US Wholesale Sales, FOMC & NBH Minutes, Speakers including Fed's Bostic, Logan, Goolsbee, Jefferson, Barkin, Collins & Daly, Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk