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JP Morgan - Latest News [Page 14]
Australia Economic Research
Wednesday, 20 January 2010, 2:50 pm | JP Morgan
Click here for the full Note and disclosures. Inflation in New Zealand eased in the final three months of 2009, but the medium term outlook reaffirms our view that the RBNZ will need to tighten monetary policy before official guidance suggests. ... More >>
Business confidence elevated, inflation pressure
Tuesday, 12 January 2010, 12:14 pm | JP Morgan
Headline reading of business confidence fell in 4Q Capacity utilization jumped Underlying inflation pressures building The NZIER Quarterly Survey of Business Opinion (QSBO) released this morning showed a fall in the headline reading from a decade high +36 ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 11 January 2010, 1:28 pm | JP Morgan
The remarkably strong retail sales report released in Australia last week reaffirmed our view that the RBA will deliver another 25bp rate hike in February—that is, barring any unexpected adverse shocks. Key data is scheduled for release ahead of ... More >>
New Zealand’s recovery will gain momentum in 2010
Monday, 11 January 2010, 1:22 pm | JP Morgan
• Expansion to quicken in 2010 as exports lead economy out of recession • Improved confidence will buoy consumer and business spending • RBNZ policy tightening to begin in March; OCR to reach 4% by end-2010 The New Zealand economy emerged in 2Q09 ... More >>
NZ's trade deficit narrowed on stronger export
Thursday, 7 January 2010, 4:06 pm | JP Morgan
New Zealand’s trade deficit narrowed in November to NZ$269 million (J.P. Morgan -NZ$390 million, consensus -NZ$300 million) from NZ$495 million in the previous month. Imports headed south, as expected, but exports were higher, remaining resilient in ... More >>
NZ economy expanded just 0.2%q/q in third quarter
Wednesday, 23 December 2009, 1:47 pm | JP Morgan
The New Zealand economy expanded a mere 0.2%q/q in 3Q (J.P. Morgan and consensus 0.4%), the same rate as in the previous three months - 2Q GDP growth was upwardly revised from 0.1%. The third quarter result did, however, mark the second straight ... More >>
New Zealand: CAD fell to just 3.1% of GDP
Tuesday, 22 December 2009, 11:41 am | JP Morgan
New Zealand: CAD fell to just 3.1% of GDP thanks to company tax transactions More >>
Firms' own activity outlook continues to improve
Thursday, 17 December 2009, 4:42 pm | JP Morgan
The headline reading on the NBNZ business confidence survey fell in December from 43.4 to 38.5, marking the third straight monthly decline. We had expected a modest rise in the headline given that, since the last NBNZ survey, the domestic economic ... More >>
NZ Treasury upgrades economic and fiscal outlook
Tuesday, 15 December 2009, 3:38 pm | JP Morgan
The New Zealand government today released its Budget Policy Statement (BPS), its half yearly budget update. The BPS included updated Treasury forecasts, which showed that New Zealand’s economic growth and fiscal outlook are better than expected ... More >>
Australia and New Zealand - Weekly Prospects
Tuesday, 15 December 2009, 11:03 am | JP Morgan
• The string of softer economic data released in Australia early last week, including falls in consumer confidence and home loans, was overshadowed by yet another remarkably strong employment report. The fact that the jobless rate now is likely ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 30 November 2009, 1:35 pm | JP Morgan
The RBA decision tomorrow is the obvious highlight of a busy week ahead, with a slew of economic indicators scheduled for release. The data includes inventories and company profits, private credit, retail sales, and residential building approvals. On the ... More >>
Confidence fell, firms' own outlook improved
Thursday, 26 November 2009, 5:22 pm | JP Morgan
The NBNZ business confidence survey fell in November, falling to 43.4 (J.P. Morgan 47.0) from 48.2. We had anticipated a fall given that, since the last survey, the domestic data have generally disappointed. Economic data have shown a surge in unemployment, ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 16 November 2009, 1:03 pm | JP Morgan
In Australia last week, the October labour force survey showed another spike in employment, the outcome again running contrary to market expectations for a fall. The huge wave of natural resource projects getting underway means labour market conditions will ... More >>
Producer prices tanked in 3Q
Monday, 16 November 2009, 11:52 am | JP Morgan
* Producer prices fell sharply in 3Q * Falling dairy prices largely to blame * RBNZ to hold off policy tightening until mid-2010 Producer prices in New Zealand fell sharply in the third quarter, owing to falling dairy prices. Input prices tanked ... More >>
JP Morgan: Sept. Housing Rush Drove Financing
Monday, 9 November 2009, 2:16 pm | JP Morgan
The total number of home loans issued in Australia surged 5.1%m/m in September (J.P. Morgan 4.0%, consensus 3.0%), as first home buyer (FHB) demand spiked ahead of the imminent phasing out of the expanded FHBs’ grant on October 1. The rise in home ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 9 November 2009, 12:20 pm | JP Morgan
The RBA delivered on market expectations for a 25bp rate hike last week. The more balanced tone of the commentary reinforced our view that the RBA will remove the “emergency” component of policy accommodation gradually. Indeed, last week’s ... More >>
RBA Releases SoMP, Some Inflation Forecasted
Friday, 6 November 2009, 4:23 pm | JP Morgan
The RBA today released the quarterly Statement on Monetary Policy (SoMP). As we had expected, the tone of the commentary was very similar to that of the policy announcement following the Board meeting on Tuesday. The commentary indicates that while officials ... More >>
NZ And Australian Economies Compared
Friday, 6 November 2009, 9:40 am | JP Morgan
RBNZ Governor Alan Bollard today addressed the Trans-Tasman Business Circle, discussing the similarities and differences between the New Zealand and Australian economies. The speech offered little new information for market pundits to chew on, but appeared ... More >>
JP Morgan: Australian Trade Deficit Has Widened
Thursday, 5 November 2009, 2:56 pm | JP Morgan
Australia’s trade balance remained in deficit in September for the fifth straight month. The deficit widened to A$1.8 billion, though by less than we and the market had expected (J.P. Morgan –A$2.5bn, consensus –A$2.15bn). Imports rose 5%m/m ... More >>
Unemployment Rate At Nine Year High
Thursday, 5 November 2009, 12:21 pm | JP Morgan
Employment in New Zealand shrank 0.8%q/q in 3Q (J.P. Morgan and consensus -0.3%), double the pace of contraction recorded in the previous quarter. Marking a prolonged period of deterioration in the New Zealand labour market, employment now has contracted ... More >>
