HSBC Bank - Latest News [Page 1]

Commodities: Sharp fall in December ends weak year

Monday, 5 January 2015, 4:33 pm | HSBC Bank

Global commodity prices fell sharply in December, led by another large decline in oil prices. Our indicator suggests the IMF commodity price index is likely to have fallen by a very sharp -14% in December. This would take the full-year decline in ... More >>

China Inside Out: Five macro themes for 2015

Wednesday, 17 December 2014, 12:02 pm | HSBC Bank

Both economic activity and inflation data have been weaker than we anticipated in recent months, suggesting rising disinflationary pressures. We lower our GDP growth forecast to 7.3% for 2015 (from 7.7%) and to 7.4% for 2016 (from 7.6%). More >>

The RBNZ Observer: Comfortably on hold

Friday, 5 December 2014, 4:20 pm | HSBC Bank

The RBNZ will no doubt head into the end of 2014 feeling rather pleased. Having delivered 100bp of hikes between March and July, it has taken some of the steam out of the economy; however, at the same time, activity has not slowed dramatically. More >>

New Zealand Digest: The 'lowflation' conundrum

Wednesday, 26 November 2014, 11:26 am | HSBC Bank

New Zealand’s economy continues to outperform the rest of the OECD, with y-o-y growth running at +3.9% through to the middle of the year. Ordinarily, such strong growth would generate additional inflationary pressures and, indeed, this was expected ... More >>

Australia signs FTA with China: shift from mining to dining

Tuesday, 18 November 2014, 12:56 pm | HSBC Bank

Australia signed a long-awaited free trade agreement with China, its largest trading partner, coinciding with today's state-visit by China's president, Xi Jinping. More >>

New Zealand inflation still low: Downside surprises continue

Thursday, 23 October 2014, 3:35 pm | HSBC Bank

New Zealand Q3 CPI came in lower than expected, the annual rate falling from 1.6% to 1.0% (market expected 1.2%) – at the bottom of the RBNZ’s target band and below their forecast for +1.3%. The major slowdown in price pressures came in tradable ... More >>

New Zealand GDP strong: Boom more broad-based in Q2

Thursday, 18 September 2014, 1:28 pm | HSBC Bank

Boom more broad-based in Q2 New Zealand's Q2 GDP was close to expectations at +0.7% q-o-q and +3.9% y-o-y (market had +3.8%; HSBC had +3.9%). This is strong, above-trend, growth and shows that the New Zealand economy has been outperforming most of the ... More >>

Market-leading 1, 2 and 3-year fixed home loan rate

Tuesday, 16 September 2014, 5:05 pm | HSBC Bank

HSBC NZ offers market-leading 1, 2 and 3-year fixed home loan rate of 5.75% p.a. More >>

RBNZ Observer: On hold, with a longer pause now expected

Friday, 5 September 2014, 10:39 am | HSBC Bank

- Having delivered 100bp of hikes and with dairy prices falling, the RBNZ is expected to hold steady next week - Timely indicators of business and consumer sentiment have stepped back from high levels, although inward migration remains strong and the Canterbury ... More >>

HSBC Global Research Commodity prices snapshot

Tuesday, 2 September 2014, 2:52 pm | HSBC Bank

Global commodity prices fell in August, with declines across a broad range of commodity types. Our indicator suggests the IMF commodity price index is likely to have fallen by -4.0% in August, to be -4.2% lower than a year earlier. For the second month in ... More >>

Research NZ Budget Observer - Still On Track For Surplus

Tuesday, 19 August 2014, 3:20 pm | HSBC Bank

New Zealand's Treasury today released their pre-election budget update, ahead of the 20 September vote. The government still expects to get back to surplus in 2014/15, albeit a slightly smaller surplus than expected in May. The growth forecasts were ... More >>

Milk story may be turning sour

Tuesday, 19 August 2014, 10:55 am | HSBC Bank

- Dairy prices fell sharply in the past six months (-40%), largely reflecting an apparent ramp-up in Chinese milk powder inventories last year, which is now being run down More >>

New Zealand economics comment: More than just milk

Monday, 11 August 2014, 1:30 pm | HSBC Bank

Falling dairy prices have created some doubts about the robustness of New Zealand’s economic boom. But it is worth keeping in mind that dairy is only one part of the economy’s recent growth story. Growth has also been driven by the post-earthquake ... More >>

NZ unemployment falls: Still expect further RBNZ hikes

Wednesday, 6 August 2014, 1:50 pm | HSBC Bank

New Zealand's labour market continues to tighten, consistent with a pick-up in growth. Although Q2 jobs growth surprised on the downside, at +3.7% y-o-y (market had +4.0%), the unemployment rate fell from 5.9% to 5.6% in Q2 (market expected 5.8%). Strong ... More >>

Hiked again, but short pause now expected

Thursday, 24 July 2014, 1:22 pm | HSBC Bank

The RBNZ hiked its cash rate by another 25bp to 3.50%, as expected. As noted in the statement, the economy continues to grow at an above trend pace and, although inflation is low, for now, they expect domestically-produced inflation to pick-up. Today's ... More >>

Australia's growing links to Asia: Powering growth

Monday, 21 July 2014, 10:30 am | HSBC Bank

Strong ties to Asia have been a key driver of Australia’s relative economic success in recent years. In our view, this story is not over yet. Trade links are still growing, with a further ramp-up in exports of iron ore, coal and liquified natural gas on ... More >>

The RBNZ Observer: Expect another 25bp hike next week

Monday, 21 July 2014, 10:22 am | HSBC Bank

New Zealand is booming. Q1 GDP rose by a strong +3.8% y-o-y and timely indicators suggest that this pace probably continued into Q2. The GDP numbers, which were released since the last RBNZ announcement, confirmed that construction activity has been a ... More >>

HSBC offers lowest three-year fixed home loan rate in NZ

Wednesday, 16 July 2014, 1:24 pm | HSBC Bank

HSBC New Zealand, the global bank for New Zealanders, announces that it has reduced its HSBC Premier three-year fixed home loan rate by 0.4% to 5.85% per annum. This is the lowest three-year fixed residential mortgage rate currently being offered ... More >>

New Zealand's CPI still contained, but another hike likely

Wednesday, 16 July 2014, 1:20 pm | HSBC Bank

New Zealand's inflation has remained surprisingly contained, with today's Q2 CPI lower than the market expected. The CPI rose by +1.6% y-o-y in Q2 (market had +1.8%), so remains in the lower half of the RBNZ's 1-3% target band. More >>

Being RMB-Ready Gives Competitive Advantage in China Trade

Tuesday, 15 July 2014, 1:38 pm | HSBC Bank

***Perceptions gap highlights potential leaders and laggards as trading nations strive to boost China exports*** More >>