Deutsche Bank - Latest News [Page 7]
DMO likely to increase bond tender size to $350m
Tuesday, 13 November 2001, 3:51 pm | Deutsche Bank
The Government will publish its December Economic and Fiscal Update on 18 December. The document is expected to show a downward revision to the growth outlook for 2002 and, consequently, weaker projections for the fiscal balance in 2001/02 and 2002/03. More >>
NZ: Food Price index - October 2001
Tuesday, 13 November 2001, 3:49 pm | Deutsche Bank
The last piece of domestic data prior to tomorrow's RBNZ MPS and OCR review revealed a 0.2% mom rise in the food price index in October (the market expectation was for a flat outcome). More >>
Retail Sales (September and Q3 2001)
Friday, 9 November 2001, 1:47 pm | Deutsche Bank
The value of retail sales rose 0.7% mom in September - stronger than the market's expectation of a flat result. Excluding motor vehicles sales and services, sales rose 1.1% mom following a 0.1% decline in August. The rise was largely accounted ... More >>
ANZ Job Ads Survey - October 2001
Friday, 9 November 2001, 11:18 am | Deutsche Bank
The number of job advertisements decreased by 3.0% mom in October - the third consecutive monthly decline. The number of advertisements in October was 4.4% lower than a year earlier and 7.9% below the record high recorded in July. The softer outcome is consistent ... More >>
Household Labour Force Survey - Q3 2001
Thursday, 8 November 2001, 3:35 pm | Deutsche Bank
Today's Household Labour Force Survey (HLFS) confirmed the softer Q3 labour market performance that was indicated by Monday's Quarterly Employment Survey (QES). More >>
Labour Costs and Employment (Q3 2001)
Monday, 5 November 2001, 1:28 pm | Deutsche Bank
As measured by the Quarterly Employment Survey (QES), average hourly earnings (ordinary time) in the private sector increased by 0.8% qoq in Q3. This result was a little weaker than market expectations of a 1.0% qoq rise. In seasonally adjusted terms, ... More >>
ANZ Commodity Price Index - October 2001
Friday, 2 November 2001, 11:56 am | Deutsche Bank
The foreign currency price of New Zealand's commodity exports fell 2.4% mom in October, more than reversing the gains of the past two months, to be 4.7% weaker than the peak recorded in May. The main driver of this month's result was a 23% decline in ... More >>
October 2001 in Review
Thursday, 1 November 2001, 4:02 pm | Deutsche Bank
For much of October perhaps the most interesting aspect of global financial markets has been the willingness of equity markets to discount the current period of weakness and rally strongly on expectations of a rebound in growth in 2002. It was only in ... More >>
RBNZ Expected To Cut OCR By 50bps On 14 November
Thursday, 1 November 2001, 9:49 am | Deutsche Bank
The accumulation of negative global and domestic economic data, and the view emerging as we revise our economic forecasts, means that we now believe that a 50bps cut in the official cash rate (OCR) is the most likely outcome when the RBNZ next reviews ... More >>
NBNZ Business Survey - October 2001
Wednesday, 31 October 2001, 12:31 am | Deutsche Bank
Business confidence has plunged since the terror attacks in the US on 11 September. A net 19% of respondents now expect a deterioration in general business conditions. In the September survey, a net 13% had expected improved conditions. In seasonally ... More >>
Merchandise Trade Balance (September 2001)
Friday, 26 October 2001, 2:25 pm | Deutsche Bank
A provisional merchandise trade deficit of $53m was recorded in September, compared with a deficit of $609m in September 2000. The average deficit for September over the past 10 years is $279m. The annual trade surplus was $868m, compared with a deficit ... More >>
Trading Partner Growth Forecasts Plummet
Monday, 15 October 2001, 1:47 pm | Deutsche Bank
As expected, the October edition of Consensus Forecasts has revealed a huge downward revision to forecasts of GDP growth for New Zealand's largest trading partners. More >>
Quarterly Survey of Business Opinion - Q3 2001
Thursday, 11 October 2001, 1:15 pm | Deutsche Bank
In seasonally adjusted terms, we estimate that business confidence plummeted from +16% (net respondents) in late June to -37% in late September. In unadjusted terms, confidence fell from +1 to -44. More >>
Outlook for the NZ yield curve
Tuesday, 9 October 2001, 1:56 pm | Deutsche Bank
* The NZ yield curve has steepened markedly since the events of 11 September. The outlook from here is uncertain. More rate cuts may be supportive of further steepening, but the curve already factors this in to at least some degree. The prospect of a ... More >>
Preview: Consumer Price Index Preview - Q3 2001
Tuesday, 9 October 2001, 12:13 am | Deutsche Bank
Deutsche Bank forecast: +0.6% qoq / + 2.4% yoy - balanced risk distribution RBNZ projection in August MPS : +0.6% qoq / +2.4% yoy Previous release (Q1): +0.9% qoq / + 3.2% yoy More >>
Retail Sales - August 2001
Monday, 8 October 2001, 2:26 pm | Deutsche Bank
Total nominal retail sales fell 0.6% mom in August but were 5.5% higher than a year earlier. The market had expected growth of 0.3% mom. More >>
ANZ Job Ads Survey - September 2001
Monday, 8 October 2001, 2:25 pm | Deutsche Bank
The number of job advertisements decreased by 2.1% mom in September, following a 2.6% mom decline in August. The number of advertisements in September was 2.0% lower than a year earlier but just 4.6% below the record high recorded in July. More >>
RBNZ leaves OCR at 5.25%
Wednesday, 3 October 2001, 11:13 am | Deutsche Bank
After surprising markets with an uncharacteristically bold and unscheduled 50bps cut on 19 September, this morning the RBNZ conformed with market expectations and left its OCR unchanged at 5.25%. The press statement accompanying the move is reproduced ... More >>
ANZ Commodity Price Index - September 2001
Tuesday, 2 October 2001, 2:39 pm | Deutsche Bank
The foreign currency price of New Zealand's commodity exports rose 1.1% mom in September - the second consecutive rise. The result was driven largely by higher prices for lamb and beef as a result of tight supplies of imported product in Europe and the ... More >>
September 2001 in Review - Deutsche Bank
Tuesday, 2 October 2001, 2:37 pm | Deutsche Bank
What can we say, other than to note that near term global outlook has been turned on its head by the tragic events in the US. Even before the attacks on the WTC and Washington, our US economists were revising down their target for Fed Funds to 2.75%. ... More >>
