US stocks down 0.3%
Eurostoxx down 1%
Synchronised slowdown
Central bank inaction
Fiscal austerity rules
Deleveraging spiral
No obvious way out
Lower for longer
NZ$ down to 79.1 USc
New US sanctions
On Iran
US Navy buildup
Hoarding of cash
In safe havens
US Treasuries
Japanese bonds
Record low yields
US 30 yr bond
Auction 2.58%
10 yr yield 1.46%
US dollar stronger
Yen stronger
Vs Pound and Euro
And NZ dollar
Australian jobs
Down 27k in June
Weaker than forecast
BoJ against stimulus
Showing posts with label Hickey. Show all posts
Showing posts with label Hickey. Show all posts
Friday, July 13, 2012
90 seconds at 9 am:Holding pattern (news with Bernard Hickey)
US stocks up a bit
US jobless claims
Holding at 4 year low
Market not kicking on
Stocks up 20% since Oct
Up 8% this year
Highest since May 08
But doubts remain
US petrol prices
8.8% up this year
US$3.65/gallon/NZ$1.16
Iran fear lifts oil price
European stocks down 0.4%
RBs/Credit Agricole
Weaker than expected
Greek writedowns
Port of Auckland workers
To strike for 3 weeks
Port of Tauranga posted
Record profit, NZ$11/shr
US jobless claims
Holding at 4 year low
Market not kicking on
Stocks up 20% since Oct
Up 8% this year
Highest since May 08
But doubts remain
US petrol prices
8.8% up this year
US$3.65/gallon/NZ$1.16
Iran fear lifts oil price
European stocks down 0.4%
RBs/Credit Agricole
Weaker than expected
Greek writedowns
Port of Auckland workers
To strike for 3 weeks
Port of Tauranga posted
Record profit, NZ$11/shr
Friday, July 6, 2012
90 seconds at 9 am: Rate cuts galore (news with Bernard Hickey)
Concerted policy easing
Within 45 minutes
PBoc,BoE,ECB eased
Monetary Policy
Chinese easing surprise
Cut lending rate 31 bps
Second time in a month
No property relaxation
European Central Bank
Cut main rate 25 bps
Bank deposit rate 0%
Some disappointment
Hope for more LTRO
Or a bigger cut
To boost Euro economy
Eurostoxx fell 1.2%
Bank of England
To print 50 bln pd more
QE up to 375 bln pds
Unlikely to help much
Rates at record lows
Borrowers not biting
Already in debt
Banks reluctant to lend
Central banks
Near effective limits
Pushing on a string
Govt spending next
Dow down 0.3%
Eyes on US jobs
Jobless claims down
Better than expected
NZ$ at 80.4 USc
Record high 64.9 euro
2 mth high vs pound
52.8 British pence
Within 45 minutes
PBoc,BoE,ECB eased
Monetary Policy
Chinese easing surprise
Cut lending rate 31 bps
Second time in a month
No property relaxation
European Central Bank
Cut main rate 25 bps
Bank deposit rate 0%
Some disappointment
Hope for more LTRO
Or a bigger cut
To boost Euro economy
Eurostoxx fell 1.2%
Bank of England
To print 50 bln pd more
QE up to 375 bln pds
Unlikely to help much
Rates at record lows
Borrowers not biting
Already in debt
Banks reluctant to lend
Central banks
Near effective limits
Pushing on a string
Govt spending next
Dow down 0.3%
Eyes on US jobs
Jobless claims down
Better than expected
NZ$ at 80.4 USc
Record high 64.9 euro
2 mth high vs pound
52.8 British pence
Tuesday, June 12, 2012
90 seconds at 9 am:Holding pattern (news with Bernard Hickey)
US stocks up a bit
US jobless claims
Holding at 4 year low
Market not kicking on
Stocks up 20% since Oct
Up 8% this year
Highest since May 08
But doubts remain
US petrol prices
8.8% up this year
US$3.65/gallon/NZ$1.16
Iran fear lifts oil price
European stocks down 0.4%
RBs/Credit Agricole
Weaker than expected
Greek writedowns
Port of Auckland workers
To strike for 3 weeks
Port of Tauranga posted
Record profit, NZ$11/shr
US jobless claims
Holding at 4 year low
Market not kicking on
Stocks up 20% since Oct
Up 8% this year
Highest since May 08
But doubts remain
US petrol prices
8.8% up this year
US$3.65/gallon/NZ$1.16
Iran fear lifts oil price
European stocks down 0.4%
RBs/Credit Agricole
Weaker than expected
Greek writedowns
Port of Auckland workers
To strike for 3 weeks
Port of Tauranga posted
Record profit, NZ$11/shr
Friday, May 4, 2012
90 seconds at 9 am:NZ$ slides (news with Bernard Hickey)
NZ$ down to 81 USc
Was over 81.5 USc
Near 4 mth low
Weak stocks
US jobs data
ADP Jobs report
119,000 jobs added
Fewest in 7 months
177,000 expected
US jobs weak
Non farm payrolls
On Friday night
S&P down 0.3%
Eurostoxx down 0.7%
European jobless
10.9% in March
Up from 10.8% in Feb
Highest since April 97
Euro manufacturing
Contracted in April
Jobless up in Germany
Weak recovery
High debt + austerity
Deleveraging
NAB cuts 32 bps
First to move
RBA cut 50 bps
Rest will do
Was over 81.5 USc
Near 4 mth low
Weak stocks
US jobs data
ADP Jobs report
119,000 jobs added
Fewest in 7 months
177,000 expected
US jobs weak
Non farm payrolls
On Friday night
S&P down 0.3%
Eurostoxx down 0.7%
European jobless
10.9% in March
Up from 10.8% in Feb
Highest since April 97
Euro manufacturing
Contracted in April
Jobless up in Germany
Weak recovery
High debt + austerity
Deleveraging
NAB cuts 32 bps
First to move
RBA cut 50 bps
Rest will do
Wednesday, April 18, 2012
90 seconds at 9 am:Holding pattern (news with Bernard Hickey)
US stocks up a bit
US jobless claims
Holding at 4 year low
Market not kicking on
Stocks up 20% since Oct
Up 8% this year
Highest since May 08
But doubts remain
US petrol prices
8.8% up this year
US$3.65/gallon/NZ$1.16
Iran fear lifts oil price
European stocks down 0.4%
RBs/Credit Agricole
Weaker than expected
Greek writedowns
Port of Auckland workers
To strike for 3 weeks
Port of Tauranga posted
Record profit, NZ$11/shr
US jobless claims
Holding at 4 year low
Market not kicking on
Stocks up 20% since Oct
Up 8% this year
Highest since May 08
But doubts remain
US petrol prices
8.8% up this year
US$3.65/gallon/NZ$1.16
Iran fear lifts oil price
European stocks down 0.4%
RBs/Credit Agricole
Weaker than expected
Greek writedowns
Port of Auckland workers
To strike for 3 weeks
Port of Tauranga posted
Record profit, NZ$11/shr
Monday, March 26, 2012
90 seconds at 9 am: Eyes ahead (news with Bernard Hickey)
Markets up touch
On Friday night
Biggest weekly fall
In 2012
Fears about growth
Europe, China
Chinese PMI
European PMI
Worries about Spain
And Portugal
ECB says no more
Nearly free money
Recovery signs
Nipped in bud
High debt
Deleveraging
Sensitive to
Rises in rates
Rises in oil prices
Oil and debt brakes
More China data
US Federal Reserve
2 members FOMC
Withdraw stimulus
On Friday night
Biggest weekly fall
In 2012
Fears about growth
Europe, China
Chinese PMI
European PMI
Worries about Spain
And Portugal
ECB says no more
Nearly free money
Recovery signs
Nipped in bud
High debt
Deleveraging
Sensitive to
Rises in rates
Rises in oil prices
Oil and debt brakes
More China data
US Federal Reserve
2 members FOMC
Withdraw stimulus
Friday, March 23, 2012
90 seconds at 9 am: Global growth fears(news with Bernard Hickey)
Fears about growth
Return from Europe, China
US stocks down 0.8%
Eurostoxx down 1.2%
4th day running
copper, oil down 2.1%
Chinese factory orders
HSBC-Markit flash PMI
Contracted 5th month
Biggest fall in 4 mths
Fedex warns
Below trend growth
European crisis burbles
Spain, Portugal yields
ECB's Draghi says
'Worst is over'
Italian national strike
Over labour reforms
Ireland's economy
Contracted in Q4
Return from Europe, China
US stocks down 0.8%
Eurostoxx down 1.2%
4th day running
copper, oil down 2.1%
Chinese factory orders
HSBC-Markit flash PMI
Contracted 5th month
Biggest fall in 4 mths
Fedex warns
Below trend growth
European crisis burbles
Spain, Portugal yields
ECB's Draghi says
'Worst is over'
Italian national strike
Over labour reforms
Ireland's economy
Contracted in Q4
Wednesday, March 21, 2012
90 seconds at 9 am: BHP warning (news with Bernard Hickey)
NZ$ down to 81.6 USc
Down a full US c
Aussie dollar down too
US stocks down 0.5%
BHP warning
Chinese slowdown
Steel demand
Iron ore exports
Chatter about coup
Unrest in Beijing?
Hard landing?
Soft landing?
Fonterra auction
Prices down 4.5%
4th straight drop
Biggest fall
Since July last year
Oil price down 2-3%
More Saudi supply
Commodities down 1%
US dollar stronger
US Treasury yields
10 year yield
Up 40 bps this mth
Down a full US c
Aussie dollar down too
US stocks down 0.5%
BHP warning
Chinese slowdown
Steel demand
Iron ore exports
Chatter about coup
Unrest in Beijing?
Hard landing?
Soft landing?
Fonterra auction
Prices down 4.5%
4th straight drop
Biggest fall
Since July last year
Oil price down 2-3%
More Saudi supply
Commodities down 1%
US dollar stronger
US Treasury yields
10 year yield
Up 40 bps this mth
Tuesday, March 20, 2012
90 seconds at 9 am: Apple dividend (news with Bernard Hickey)
Apple to pay dividend
US$2.65/quarter/1.8%
Buy back US$10 bln
Up 2% to US$600
Worth of shares
US stocks up 0.6%
Highest since May 08
9.7% below Oct 07 high
NZ$ up a bit
Around 82.7 USc
China housing market
Soft or hard landing
Apartment prices fell
45 of 70 cities
IMF says China
Soft landing
RBA sees soft too
RBA's Stevens
China to match US
Within a decade
Key for Australia
UPS to buy TNT Express
For over US$6 bln
European market leader
Rival for FedEx, DHL
US$2.65/quarter/1.8%
Buy back US$10 bln
Up 2% to US$600
Worth of shares
US stocks up 0.6%
Highest since May 08
9.7% below Oct 07 high
NZ$ up a bit
Around 82.7 USc
China housing market
Soft or hard landing
Apartment prices fell
45 of 70 cities
IMF says China
Soft landing
RBA sees soft too
RBA's Stevens
China to match US
Within a decade
Key for Australia
UPS to buy TNT Express
For over US$6 bln
European market leader
Rival for FedEx, DHL
Monday, March 19, 2012
90 seconds at 9 am: Growth emerging?(news with Bernard Hickey)
Oil up 2%
Brent up US$3/bbl
To US$125/bbl
Stocks up
Wholesale rates up
US Treasury market
10 year yields up
Hopes for US growth
No QE III
Gold price
Down sharply
US$1656/oz
Was US$1792
In late Feb
NZ GDP this week
Rugby World cup
Brent up US$3/bbl
To US$125/bbl
Stocks up
Wholesale rates up
US Treasury market
10 year yields up
Hopes for US growth
No QE III
Gold price
Down sharply
US$1656/oz
Was US$1792
In late Feb
NZ GDP this week
Rugby World cup
Wednesday, March 14, 2012
90 seconds at 9 am:NZ$ under 81 USc (news with Bernard Hickey)
NZ$ down below 81 USc
US dollar stronger
Federal Reserve
Positive outlook
Less chance of QE III
Less devaluation pressure
Inflow currencies weaken
Real and NZ$
Norway cut rates
Down 0.25% to 1.5%
Threat of appreciation
Worse than housing bubble
Similar challenge to NZ
RBNZ warning on NZ$
Rate cut
vs housing mkt
S&P 500 down 0.2%
Despite Apple calls
Over US$700/shr
Up 2% to US$581
Everyone talking
About Goldman Oped
Resigning Executive
'Toxic environment'
'Makes me ill'
Talk of ripping
Off clients
Called Muppets
US dollar stronger
Federal Reserve
Positive outlook
Less chance of QE III
Less devaluation pressure
Inflow currencies weaken
Real and NZ$
Norway cut rates
Down 0.25% to 1.5%
Threat of appreciation
Worse than housing bubble
Similar challenge to NZ
RBNZ warning on NZ$
Rate cut
vs housing mkt
S&P 500 down 0.2%
Despite Apple calls
Over US$700/shr
Up 2% to US$581
Everyone talking
About Goldman Oped
Resigning Executive
'Toxic environment'
'Makes me ill'
Talk of ripping
Off clients
Called Muppets
Tuesday, March 13, 2012
90 seconds at 9 am:Fed stands pat (news with Bernard Hickey)
US Federal Reserve
0% til late 2014
0% since Dec 08
No talk of QE 3
US economy better
Jobs market recovery
Temporary inflation
Due to oil price
Stronger US$
NZ$ down to 81.9 USc
Was over 82.4 USc
Rare move
Dow up 1%
US retail sales
Up 1.1%
Met expectations
US, EU, Japan
JOint WTO action
Against China
Rare earth ban
LCD screens
Higher prices
Environmental reasons
Growing trade tensions
China protests
EU carbon levy
2 euros/pp from China
Suspends Airbus deal
Obama creates
Trade enforcement unit
Targeting China
China stops revaluation
0% til late 2014
0% since Dec 08
No talk of QE 3
US economy better
Jobs market recovery
Temporary inflation
Due to oil price
Stronger US$
NZ$ down to 81.9 USc
Was over 82.4 USc
Rare move
Dow up 1%
US retail sales
Up 1.1%
Met expectations
US, EU, Japan
JOint WTO action
Against China
Rare earth ban
LCD screens
Higher prices
Environmental reasons
Growing trade tensions
China protests
EU carbon levy
2 euros/pp from China
Suspends Airbus deal
Obama creates
Trade enforcement unit
Targeting China
China stops revaluation
Monday, March 12, 2012
90 seconds at 9 am: Greek default (news with Bernard Hickey)
Greek CDSes triggered
Forced restructure
US$3 bln plus
Controlled default
US jobs growth
Solid at 227k
Signs of recovery
Dow up 0.1%
Chinese trade deficit
Biggest in 22 years
European slowdown
Inflation to 3.2%
Hope for stimulus
Good in long run
Not in short run
Aussie iron ore
Labour's move
Foreign ownership
Block land sales
Unless benefits NZ
Forced restructure
US$3 bln plus
Controlled default
US jobs growth
Solid at 227k
Signs of recovery
Dow up 0.1%
Chinese trade deficit
Biggest in 22 years
European slowdown
Inflation to 3.2%
Hope for stimulus
Good in long run
Not in short run
Aussie iron ore
Labour's move
Foreign ownership
Block land sales
Unless benefits NZ
Wednesday, March 7, 2012
90 seconds at 9 am: Markets hit hard (news with Bernard Hickey)
NZ$ down to 81 USc
Dow down 200 pts
1.6% lower
European GDP down
0.3% in Dec qtr
UK sales down
Chinese target cut
Commodities hit
Gold, metals slump
1.4% down
Biggest loss this year
Fonterra down 0.9%
Greek debt swap
Deadline tomorrow
20% agreed
75% needed
US 10 yr down
Most in 3 weeks
Swaps not rising
Still fixing?
A$ down too
RBA easing bias
Allen Stanford
US$7 bln ponzi
Dow down 200 pts
1.6% lower
European GDP down
0.3% in Dec qtr
UK sales down
Chinese target cut
Commodities hit
Gold, metals slump
1.4% down
Biggest loss this year
Fonterra down 0.9%
Greek debt swap
Deadline tomorrow
20% agreed
75% needed
US 10 yr down
Most in 3 weeks
Swaps not rising
Still fixing?
A$ down too
RBA easing bias
Allen Stanford
US$7 bln ponzi
Tuesday, March 6, 2012
90 seconds at 9 am: Slower Chinese growth (news with Bernard Hickey)
China's Wen Jiabao
Lower growth target
To 7.5% from 8%
First change in 7 yrs
Focus less on exports
Less foreign capital
Suggests more imports
More consumption
Good for NZ long run
Not so good short term
Copper prices fell 1.4%
Car sales down 3%
NZ$ down to 82 USc
US stocks down 0.6%
Euro stocks down 0.6%
European data weak
Greek debt deal doubts
Debt swap deal
70% plus haircut
75% agreement
By end of Thursday
Greece may force deal
Would trigger
CDS contracts
Focus on RBA
Decision this pm
Rates On hold
But still easing bias?
Lower growth target
To 7.5% from 8%
First change in 7 yrs
Focus less on exports
Less foreign capital
Suggests more imports
More consumption
Good for NZ long run
Not so good short term
Copper prices fell 1.4%
Car sales down 3%
NZ$ down to 82 USc
US stocks down 0.6%
Euro stocks down 0.6%
European data weak
Greek debt deal doubts
Debt swap deal
70% plus haircut
75% agreement
By end of Thursday
Greece may force deal
Would trigger
CDS contracts
Focus on RBA
Decision this pm
Rates On hold
But still easing bias?
Sunday, March 4, 2012
90 seconds at 9 am:NZ$ under 83 USc (news with Bernard Hickey)
NZ$ fell 1 cent
Under 83 USc
2 week low
US stocks fell
German sales fell
Spain raised deficit target
Chinese non factory PMI
Fell sharply in January
Obama warns Iran
No policy of containment
Will stop nuclear bomb
Will use force if necessary
But against loose talk of war
Factor in oil price rise
Chinese loans by big 4
Up in first 2 months
RBA to hold Tuesday
At 4.25%
RBNZ to hold Thursday
At 2.5%
Under 83 USc
2 week low
US stocks fell
German sales fell
Spain raised deficit target
Chinese non factory PMI
Fell sharply in January
Obama warns Iran
No policy of containment
Will stop nuclear bomb
Will use force if necessary
But against loose talk of war
Factor in oil price rise
Chinese loans by big 4
Up in first 2 months
RBA to hold Tuesday
At 4.25%
RBNZ to hold Thursday
At 2.5%
90 seconds at 9 am: No Greek default (news with Bernard Hickey)
Greek default averted
ISDA rules no default
Some relief for banks
Greek 10 yr 36.4%
US stocks up 0.4%
US jobless claims
Down 2k to 351k
Weaker factory data
Chinese manufacturing
PMI expanded in Feb
3rd month of expansion
Less fear of hard landing
Chinese house prices
Down in February
Most in 19 months
NZ$ just under 84 USc
Aussie house price index
RP Data and Rismark
Derivative on markets
Bet on house prices
Thankyou to BNZ
Sponsorship over
Want to sponsor us?
bernard.hickey@interest.co.nz
ISDA rules no default
Some relief for banks
Greek 10 yr 36.4%
US stocks up 0.4%
US jobless claims
Down 2k to 351k
Weaker factory data
Chinese manufacturing
PMI expanded in Feb
3rd month of expansion
Less fear of hard landing
Chinese house prices
Down in February
Most in 19 months
NZ$ just under 84 USc
Aussie house price index
RP Data and Rismark
Derivative on markets
Bet on house prices
Thankyou to BNZ
Sponsorship over
Want to sponsor us?
bernard.hickey@interest.co.nz
Thursday, March 1, 2012
90 seconds at 9 am:No more QE? (news with Bernard Hickey)
Fed chair Bernanke
Current stimulus enough
Petrol price inflation
Faster rebound in jobs
No more QE 3?
US stocks fell a bit
Gold fell US$75
Oil down to US$121
ECB lent 529 bln euro
3 years at 1%
800 banks borrowed
Euro bond yields fell
Net new 300 bln euro
Vs 193 bln euro
Carry trade
Buying time
NZIER forecasts
Weaker than rest
1.5% then 2.4%
No rate hike til 2013
NZ$ at 83.9 USc
Can't kick through
QE3 nerves weigh
UK worry too
Current stimulus enough
Petrol price inflation
Faster rebound in jobs
No more QE 3?
US stocks fell a bit
Gold fell US$75
Oil down to US$121
ECB lent 529 bln euro
3 years at 1%
800 banks borrowed
Euro bond yields fell
Net new 300 bln euro
Vs 193 bln euro
Carry trade
Buying time
NZIER forecasts
Weaker than rest
1.5% then 2.4%
No rate hike til 2013
NZ$ at 83.9 USc
Can't kick through
QE3 nerves weigh
UK worry too
Wednesday, February 29, 2012
90 seconds at 9 am:Holding pattern (news with Bernard Hickey)
US stocks up a bit
US jobless claims
Holding at 4 year low
Market not kicking on
Stocks up 20% since Oct
Up 8% this year
Highest since May 08
But doubts remain
US petrol prices
8.8% up this year
US$3.65/gallon/NZ$1.16
Iran fear lifts oil price
European stocks down 0.4%
RBs/Credit Agricole
Weaker than expected
Greek writedowns
Port of Auckland workers
To strike for 3 weeks
Port of Tauranga posted
Record profit, NZ$11/shr
US jobless claims
Holding at 4 year low
Market not kicking on
Stocks up 20% since Oct
Up 8% this year
Highest since May 08
But doubts remain
US petrol prices
8.8% up this year
US$3.65/gallon/NZ$1.16
Iran fear lifts oil price
European stocks down 0.4%
RBs/Credit Agricole
Weaker than expected
Greek writedowns
Port of Auckland workers
To strike for 3 weeks
Port of Tauranga posted
Record profit, NZ$11/shr
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