Deutsche Bank - Latest News [Page 10]
NZ: Overseas Trade Indexes - Q1 2001
Tuesday, 12 June 2001, 2:14 pm | Deutsche Bank
Export prices fell by 2.8% qoq in Q1 but were still 20.0% higher than a year earlier. The RBNZ had expected a 4% decline - the median market expectation was for a 2.1% fall. However, taking account of a downward revision to export prices in Q4, the ... More >>
NZ: Overseas Merchandise Trade (April, Final)
Monday, 11 June 2001, 1:58 pm | Deutsche Bank
A merchandise trade surplus of $365m was recorded in April. A provisional surplus of $391m had been reported on 25 May. The average surplus for April over the past 10 years is $193m. More >>
Domestic Demand Strengthens
Friday, 8 June 2001, 2:56 pm | Deutsche Bank
NZ: Domestic Demand Strengthens But Tightening By The RBNZ This Side Of Christmas Seems Unlikely More >>
NZ: Retail Sales Strengthen Further In April
Thursday, 7 June 2001, 2:08 pm | Deutsche Bank
Total nominal retail sales rose 0.9% mom in April - the market had expected growth of 0.5% mom. More >>
NZ: May 2001 in Review
Tuesday, 5 June 2001, 1:41 pm | Deutsche Bank
For much of May financial markets appeared to be voting increasingly in favour of a V-shaped recovery, with equity markets rallying and bond markets selling off. At the same time, the current data, if anything, deteriorated. Non-farm payrolls fell ... More >>
ANZ Commodity Price Index - May 2001
Friday, 1 June 2001, 1:33 pm | Deutsche Bank
The foreign currency price of New Zealand's commodity exports rose 2.0% mom in May, driven by a very sharp rise in sawn timber prices and a further increase in the price of dairy products. More >>
Firms Still Optimistic About Their Own Prospects
Wednesday, 30 May 2001, 11:58 am | Deutsche Bank
The May NBNZ business survey recorded a fall in general business confidence from +17% (net respondents) to +4%. Adjusting for seasonal effects, confidence moderated from +20% to +11%. More >>
NZ: Producers Price Index - Q1 2001
Tuesday, 29 May 2001, 4:37 pm | Deutsche Bank
Producer input prices fell 0.9% qoq in Q1 (market expectation: -0.5%) but were 7.8% higher than a year earlier. Lower oil prices were a key factor, helping to reduce prices significantly in the wholesale and transport sectors. Pulp prices also fell. ... More >>
NZ: April trade balance stronger than expected
Friday, 25 May 2001, 2:43 pm | Deutsche Bank
Statistics NZ reported a provisional merchandise trade surplus of $391m for the month of April compared with a deficit of $22m in April 2000. The average surplus for April over the past 10 years is $196m. More >>
NZ Government Budget 2001/02
Thursday, 24 May 2001, 5:28 pm | Deutsche Bank
Treasury projections show that, compared to the Government's December Fiscal Update, the aggregate bond programme over the next four years has been revised up by more than $5 billion - a magnitude far above market expectations. More >>
NZ: Outlook for the 3Y NZGB/ACGB spread
Tuesday, 22 May 2001, 4:53 pm | Deutsche Bank
The stance of the RBNZ and RBA seem to have converged to an "on hold" status. While we believe this stance will change if there are any further disappointments about the global outlook, the easing cycle seems to be drawing to a close. With domestic ... More >>
NZ: Outlook for the 3Y NZGB/ACGB spread
Tuesday, 22 May 2001, 11:56 am | Deutsche Bank
We first recommended buying 3Y NZGBs against 3Y ACGBs on 7 March and reaffirmed our view in early April. Between our first recommendation and now the 3Y NZGB/ACGB spread has narrowed from 100 bp to 72 bp. More >>
NZ: Q1 Retail Sales Exceed Market Expectations
Thursday, 17 May 2001, 1:59 pm | Deutsche Bank
The value of retail sales rose 0.9% mom in March, slightly stronger than the market's expectation of 0.7%. Excluding motor vehicles sales and services, sales rose 0.7% mom. Total retail sales had also increased 0.9%mom in February. Taking Q1 as a whole, ... More >>
RBNZ Monetary Policy Statement - May 2001
Wednesday, 16 May 2001, 2:40 pm | Deutsche Bank
At Parliament's Finance Committee hearing Governor Brash clarified later that the decision had been between no cut or cutting by 25 bps. More >>
RBNZ May Monetary Policy Statement
Wednesday, 16 May 2001, 10:08 am | Deutsche Bank
RBNZ eased by 25 bps, with the tone of the statement relatively neutral. If economy turns out as in RBNZ central projections, then it looks as if RBNZ is done with the easing cycle. More >>
NZ: Overseas Merchandise Trade (March, Final)
Tuesday, 15 May 2001, 12:55 am | Deutsche Bank
A merchandise trade surplus of $93m was recorded in March. A provisional surplus of $74m had been reported on 1 May. The average surplus for March over the past 10 years is $200m. More >>
A Closer Look at the Labour Market
Friday, 11 May 2001, 11:54 am | Deutsche Bank
The past week has seen the release of a full suite of New Zealand labour market data for Q1. In this article, we review the state of the New Zealand labour market. More >>
ANZ Job Ads - April 2001
Friday, 11 May 2001, 9:39 am | Deutsche Bank
The ANZ report a 4.1% mom decline in job ads in April, largely reversing the increase in job ads recorded over the first three months of the year. But as discussed below, we suspect this result to be aberrant. More >>
RBNZ Monetary Policy Statement - Preview
Friday, 11 May 2001, 9:38 am | Deutsche Bank
We expect the RBNZ to lower the OCR by 25 bps to 5.75% (at least 80% probability) and to stress again that it should not be assumed that further rate cuts will follow. More >>
Outlook for NZ Yield Curve
Friday, 11 May 2001, 9:32 am | Deutsche Bank
The widening in the 3Y/10Y NZGB spread anticipates a recovery in NZ's annual rate of growth over the second half of the year. However, with question marks emerging over the pace of global growth there must be some prospect this does not take place. More >>
