Deutsche Bank - Latest News [Page 3]
May 2002 in Review
Tuesday, 4 June 2002, 12:36 am | Deutsche Bank
In our view the US recovery is on track and will probably lead to rate increases by the Fed in August or September. For now, however, the focus of markets seems to be on geopolitical concerns (the Middle East and Kashmir), while equities are struggling ... More >>
NBNZ Business Survey (May 2002)
Friday, 31 May 2002, 1:24 pm | Deutsche Bank
Result: In unadjusted terms, general confidence has again fallen while firms' assessment of their own activity outlook was stable. Adjusting for seasonal effects, we think that both indicators improved a little. Meanwhile, pricing intentions have fallen ... More >>
Producer Price Indexes - Q1 2002
Tuesday, 28 May 2002, 1:43 pm | Deutsche Bank
Result: Producer output prices rose 0.4% qoq in Q1 while input prices fell by 0.1% qoq. More >>
Merchandise Trade Balance (April 2002)
Monday, 27 May 2002, 2:15 pm | Deutsche Bank
Result: A trade surplus of $19m was recorded in April, well below market expectations of a $286m surplus. More >>
Building Consents - April 2002
Monday, 27 May 2002, 9:45 am | Deutsche Bank
The number of dwelling consents rose sharply in April following a decline in March. As the chart above illustrates, the key driver of recent volatility in total consents issued has been apartment consents. Consents for single unit dwellings have followed ... More >>
Data Flash (New Zealand) Government Budget 2002
Thursday, 23 May 2002, 6:39 pm | Deutsche Bank
The Government has decided to cancel the last bond tender scheduled for this fiscal year (a $350m tender scheduled for 20 June). In addition, the 2002/03 borrowing programme has been scaled back compared to that implied in the DEFU. The Government will issue ... More >>
Data Flash (NZ) External Migration - April 2002
Tuesday, 21 May 2002, 5:16 pm | Deutsche Bank
In March, New Zealand recorded the strongest seasonally adjusted net inflow of permanent migrants in over 40 years. The latest data suggests that the net migrant eased a little in April, in line with our expectations. This largely reflects a decline in ... More >>
RBNZ raises OCR by 25 bps to 5.50%
Wednesday, 15 May 2002, 3:01 pm | Deutsche Bank
The RBNZ increased the official cash rate (OCR) by 25 bps to 5.50% when it released its quarterly Monetary Policy Statement. More >>
RBNZ raises OCR by 25 bps to 5.50% - hawkish tone
Wednesday, 15 May 2002, 10:21 am | Deutsche Bank
Upward revision to interest rate track. 90 day rate now expected to peak at 7% in early 2003 (6.25% last time). More >>
Food Price Index - April 2002
Monday, 13 May 2002, 12:14 am | Deutsche Bank
The food price group is expected to make very little contribution to inflation in Q2. However, at this stage we anticipate a Q2 CPI outcome of 1.2% qoq. Around half of this increase stems from a rise in petrol prices (due both to an increase in excise ... More >>
Data Flash Retail Sales (March And Q1 2002)
Friday, 10 May 2002, 1:14 pm | Deutsche Bank
Today's retail sales data, in conjunction with yet another survey pointing to a downward correction in consumer confidence, suggest that the consumer demand cycle may have moved beyond its peak. While the overall March quarter retail result was strong (up ... More >>
Data Flash ANZ Job Ads Survey - April 2002
Friday, 10 May 2002, 9:42 am | Deutsche Bank
The number of newspaper job advertisements fell rose 6.3% mom in April following a 2.5% decline in March. The level of advertising remains 1% lower than a year earlier and 6.1% below its July 2001 peak. More >>
Data Flash Household Labour Force Survey - Q1 2002
Thursday, 9 May 2002, 2:26 pm | Deutsche Bank
Today's Household Labour Force Survey confirmed that the demand for labour rose strongly in Q1, consistent with the result of last week's less widely followed Quarterly Employment Survey, and with our assessment that GDP growth has rebounded strongly in Q1 (our ... More >>
Data Flash Labour Costs And Employment (Q1 2002)
Friday, 3 May 2002, 1:52 pm | Deutsche Bank
Result: Average hourly earnings in the private sector rose by 0.6% qoq in Q1, which compared to market expectations of +1.0% and a RBNZ forecast of +1.3%. The Labour Cost Index, which we consider a measure of unit labour costs, rose by 0.5% qoq. Employment ... More >>
Data Flash ANZ Commodity Price Index - April 2002
Friday, 3 May 2002, 10:31 am | Deutsche Bank
This month's decline in NZD denominated commodity export prices was in line with our expectations. Going forward, although we think that world prices for New Zealand's exports are close to bottoming, the recent appreciation of the NZD, combined with ... More >>
NZ Front End Offers Value Against Australia
Thursday, 2 May 2002, 12:35 am | Deutsche Bank
The market believes the gap between the OCR and the RBA cash rate will continue to widen. More >>
Data Flash (New Zealand) April 2002 In Review
Wednesday, 1 May 2002, 5:09 pm | Deutsche Bank
April has seen a progressive winding back of expectations regarding Fed rate hikes. As well as reflecting the mixed nature of the data, it is also a consequence of the steady commentary from the Fed signaling little desire to hike rates in the near ... More >>
Data Flash NBNZ Business Survey (April 2002)
Tuesday, 30 April 2002, 11:06 am | Deutsche Bank
Result: General confidence and firms' assessment of their own activity outlook fell slightly in unadjusted terms. However, adjusting for seasonal effects, we think that both indicators improved a little. Meanwhile, pricing indicators remain consistent ... More >>
Data Flash RBNZ Governor Brash Resig
Friday, 26 April 2002, 2:38 pm | Deutsche Bank
RBNZ Governor Brash's surprise resignation, announced on Friday, is effective immediately. Deputy Governor Roderick Carr will be acting Governor until a successor is appointed, which is likely to take several months. More >>
Data Flash External Migration And House Sales
Sunday, 21 April 2002, 7:41 pm | Deutsche Bank
Result: Net migrant inflows rose to a new high last month and tourist arrivals rebounded very strongly after a weak February. House sales have continued to rise but are now likely to be close to their cyclical peak. More >>