J P Morgan - Latest News [Page 1]

Australian & New Zealand rates strategy

Friday, 20 May 2011, 7:25 pm | J P Morgan

J.P. Morgan interest rate strategist, Sally Auld, provides a weekly Australian & New Zealand rates strategy update: More >>

NZ's annual trade balance finally in surplus

Thursday, 27 May 2010, 11:38 am | J P Morgan

New Zealand’s trade balance remained in surplus in April for the fourth straight month, but widened unexpectedly. The trade balance printed at NZ$656 million (J.P. Morgan: NZ$500 million; consensus: NZ$455 million). As we had expected, both imports ... More >>

2010-11 Budget Preview - Australia's Beige Budget

Monday, 10 May 2010, 4:22 pm | J P Morgan

Treasurer Wayne Swan delivers Australia’s annual budget Tuesday night. More >>

NZ's unemployment posts largest fall since 1986

Thursday, 6 May 2010, 12:25 pm | J P Morgan

New Zealand’s unemployment rate posted a remarkable fall in the March quarter. The key rate dropped from a revised 7.1% in 4Q to just 6.0% in the first three months of the year, marking the largest drop since 1986 and the first fall in unemployment ... More >>

NZ's trade balance improved further in February

Friday, 26 March 2010, 12:20 pm | J P Morgan

New Zealand’s trade balance improved further in February, rising from a surplus of NZ$269 million to a surplus of NZ$321 million (J.P. Morgan: NZ$400 million; consensus: NZ$433 million). Both exports and imports rose over the month, by 5.3% and 3.8%, ... More >>

Business confidence spiked despite global jitters

Thursday, 25 February 2010, 4:36 pm | J P Morgan

The headline reading on the NBNZ business confidence survey spiked to 50.1 in February from just 38.5 in December (there was no survey released in January). The result, the highest in over a decade, suggests that around half of those surveyed expect ... More >>

Consumer Spending Hit A Wall In December

Friday, 12 February 2010, 2:05 pm | J P Morgan

Consumer spending in New Zealand hit a wall in the final month of 2009 and hit it hard. Retail sales values were flat over the month (J.P. Morgan and consensus: 0.6%m/m), despite being propped up by a jump in automotive fuel retailing, lower interest rates, ... More >>

FX Daily Planet: Sydney/Asia Open

Friday, 12 February 2010, 10:22 am | J P Morgan

The EUR has traded steadily lower all day as the market appears disappointed with the lack of concrete details in the wake of today’s EU Leaders emergency summit. The bulk of the statement merely reiterates the need for Greece to implement its ... More >>

Daily Economic Briefing: February 8, 2010

Tuesday, 9 February 2010, 11:03 am | J P Morgan

The US payroll report appears to have had a calming influence on markets. Although the 20K payroll job loss was near consensus, the details of the report were positive, including the increasingly solid trend in the growth of hours worked and labor income. More >>

FX Daily Planet: View for the day

Friday, 29 January 2010, 9:44 am | J P Morgan

The bounce in risk markets following Obama’s state of the union speech proved to be very short lived as disappointing economic news has dampened bullish sentiment. Stocks are currently selling off, lower by around 1% in afternoon trading. More >>

Global FX Strategy View for the day

Thursday, 28 January 2010, 10:56 am | J P Morgan

The FOMC statement contained no changes to the Fed's forward looking policy guidance and reiterated that rates should remain low for an extended period. There were some minor upgrades to the Fed's description of the economy - the Fed now describes the ... More >>

Stronger AUD Forces Down Aussie Export And Import

Friday, 22 January 2010, 2:54 pm | J P Morgan

Both export and import prices fell in 4Q, the relatively larger fall in import prices causing the terms of trade to rise 3%q/q, after a 7% fall in the previous quarter. More >>

Consumer spending surged in November

Thursday, 21 January 2010, 1:49 pm | J P Morgan

Consumer spending in New Zealand is strengthening, with retail sales numbers this morning providing further evidence that the domestic economy is garnering momentum. More >>

Daily Economic Briefing: January 19, 2010

Wednesday, 20 January 2010, 12:18 pm | J P Morgan

In last week’s DEB and this week’s GDW, we flagged the potential for headline inflation rates in the near term to surprise on the upside on a year-ago basis as commodity prices have almost doubled over this period. More >>

Discretionary spending picked up in October

Monday, 14 December 2009, 2:12 pm | J P Morgan

New Zealand: detailed retail sales report showed discretionary spending picked up in October More >>

Australia and NZ data and event previews 07.12.09

Monday, 7 December 2009, 3:30 pm | J P Morgan

RBNZ official cash rate announcement (%) - The RBNZ this week will likely leave the cash rate steady at 2.5% and maintain that the OCR will remain at current levels until the second half of 2010, mainly because the recovery in New Zealand remains ... More >>

Australia and NZ - Weekly Prospects 07.12.09

Monday, 7 December 2009, 3:27 pm | J P Morgan

The forecast is that the RBNZ this week will leave the cash rate steady at 2.5% and maintain the neutral bias installed at the last announcement; the commentary will indicate that the OCR will remain at current levels until the second half of 2010. ... More >>

NZ retail sales growth consolidated in September

Thursday, 12 November 2009, 1:16 pm | J P Morgan

Retail sales ticked up 0.2%m/m in September • Ex-auto sales were weaker • Volumes flat over the quarter, but no change to 3Q GDP forecast More >>

RBNZ concerned banks more lenient in lending

Wednesday, 11 November 2009, 2:17 pm | J P Morgan

The RBNZ today delivered its six-monthly Financial Stability Review. The Review highlighted that global economic and financial market conditions have improved, but remain fragile, and that New Zealand’s economy had “turned a corner.” Strong NZD continues ... More >>

NZ: exports rose in September despite strong NZD

Thursday, 29 October 2009, 12:04 pm | J P Morgan

New Zealand’s trade deficit narrowed to NZ$424 million in September (J.P. Morgan -NZ$900 million, consensus -NZ$681 million) from a deficit of NZ$719 million in August, owing to firmer exports and weaker imports. More >>

 

 

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