Scoop has an Ethical Paywall
Scoop InfoPages
This InfoPage in unregistered, if this is your news page register JP Morgan for InfoPages here.
JP Morgan - Latest News [Page 15]
JP Morgan: Australian Retail Sales in September
Wednesday, 4 November 2009, 3:38 pm | JP Morgan
Australia’s retail sales fell unexpectedly in September, slipping 0.2%m/m (J.P. Morgan +0.3%, consensus +0.5%), mainly owing to a pull-back in the main categories of discretionary spending. The post-Government cash-payments period always was going ... More >>
NZ Wage Inflation Subdued in Third Quarter
Tuesday, 3 November 2009, 3:19 pm | JP Morgan
* Wages grew 0.4%q/q in the September quarter * Labour demand continued to decline * Employment report Thursday the main focus Private sector labour costs (as measured by the LCI) in New Zealand rose a slightly faster than expected 0.4%q/q in 3Q (J.P. ... More >>
JP Morgan: House Prices Surged, Will Moderate
Monday, 2 November 2009, 2:46 pm | JP Morgan
Australian house prices surged 4.2%q/q in 3Q (J.P. Morgan: 2.6%, consensus: 3%), equal to the 4.2% spike in 2Q, which was the first quarterly rise in five quarters and the largest gain since 3Q07. The spike in house prices is largely attributed ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 2 November 2009, 12:05 pm | JP Morgan
The week ahead is huge for RBA activity, with a policy decision Tuesday, a speech by the Governor Thursday, and the quarterly statement on Friday. There also is a wave of important economic data scheduled for release. Most importantly, the RBA ... More >>
Aussie Econonmy Research: RBA and Melbourne Cup
Monday, 2 November 2009, 11:33 am | JP Morgan
Tuesday sees the running of the Melbourne Cup, the horse race that “stops a nation.”Unfortunately, the Reserve Bank Board gathers on the first Tuesday of every month, and officials will announce the policy decision just minutes before the horses leave the gates. ... More >>
RBNZ left OCR unchanged
Thursday, 29 October 2009, 10:58 am | JP Morgan
The RBNZ left the cash rate unchanged at 2.5% as expected today, and shifted to what we believe is a soft easing bias. Governor Bollard now expects to keep the OCR “at” the current level, rather than “at or below” the current level, as in previous ... More >>
JP Morgan Announces Company Expectations
Wednesday, 28 October 2009, 4:02 pm | JP Morgan
Today's September quarter inflation print was a little above market expectations, but the surprise is insufficient to alter the likely outcome of next week's RBA decision; we still expect a 25bp rate hike next Tuesday. A very low outcome today could have ... More >>
J.P Morgan Report
Thursday, 15 October 2009, 1:04 pm | JP Morgan
Inflation in New Zealand remained in the bottom half of the RBNZ’s 1-3%oya target range in the third quarter. The headline, at 1.7%, was higher than expected, but this owed largely to one-off influences that pushed prices higher. The non-tradable ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 12 October 2009, 1:33 pm | JP Morgan
The RBA last week became the first G20 central bank to embark on policy normalization, a bare six months after delivering the last rate cut. Predictably, following the stunning September employment report, the consensus now has fallen in behind a second ... More >>
Business confidence points to economic expansion
Tuesday, 6 October 2009, 11:56 am | JP Morgan
* Business confidence at decade high * Headline index jumped 60 points in 3Q * Profitability improved markedly The NZIER Quarterly Survey of Business Opinion (QSBO) released this morning showed a marked improvement in the third quarter, with the headline ... More >>
Australia and New Zealand - Weekly Prospects
Tuesday, 6 October 2009, 11:48 am | JP Morgan
•In Australia, we look for the RBA to raise the cash rate 25bp today. The chances of an October hike have been building for some weeks on the back of the steady ratcheting up in hawkishness of RBA commentary, and a near uninterrupted stream of healthy economic ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 28 September 2009, 2:44 pm | JP Morgan
The economic data flow picks up in Australia this week, with August retail sales and credit numbers on the agenda, as well as building approvals. The retail and credit data are important milestones ahead of the October RBA Board meeting, when we expect ... More >>
Consumer confidence spiked to four year high in 3Q
Thursday, 24 September 2009, 11:20 am | JP Morgan
• Consumer confidence jumped 14 points in 3Q • Confidence spiked to four-year high • Optimists outweighed pessimists for second straight quarter The Westpac McDermott-Miller consumer confidence index jumped to a four-year high of 120.3 in ... More >>
Recession ends; RBNZ to shift to neutral stance
Wednesday, 23 September 2009, 12:17 pm | JP Morgan
First positive GDP print since end-2007 Inventories posted record fall in 2Q RBNZ to shift to neutral policy stance in early 2010 The New Zealand economy expanded for the first time since the end of 2007 in the June quarter, marking the end of ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 21 September 2009, 12:09 pm | JP Morgan
A quiet week in Australia this week means that market pundits will be taking direction from offshore. The timing of the RBA’s next rate move undoubtedly will be under consideration. Indeed, the domestic data since the last Board meeting has slightly ... More >>
New Zealand's recession finally to end in 2Q09
Monday, 21 September 2009, 12:06 pm | JP Morgan
• We now anticipate a rise in 2Q GDP after upside surprises in retail and export volumes • Strong NZD will weigh on export-led recovery, but rising global demand will soften the blow • RBNZ to soon remove explicit easing bias, paving the way ... More >>
Australia & NZ - economic data and event previews
Monday, 14 September 2009, 11:54 am | JP Morgan
Dwelling starts (%q/q, 2Q) - The number of housing starts probably rose a healthy 6%q/q in 2Q, after five straight quarters of decline. Our forecast derives partly from the solid 6.5%q/q gain in building approvals in the June quarter, the first ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 14 September 2009, 11:46 am | JP Morgan
In an otherwise quiet week in Australia, the minutes from the RBA’s last Board meeting two weeks ago will be released on Tuesday. Hopefully, they will explain in detail the reasons behind the Board’s adoption of a more hawkish tone in the statement ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 7 September 2009, 12:58 pm | JP Morgan
More hawkish commentary from the RBA last week reaffirmed our view that a rate hike is imminent. We look for the RBA to announce the first 25bp rate hike in October, on the basis that, with sustained improvements in conditions domestically and offshore, ... More >>
Australia & NZ - Weekly Prospects, 24 August
Monday, 24 August 2009, 1:13 pm | JP Morgan
The highlight in a thin week in Australia was the release of the minutes from the RBA’s Board meeting on August 4. They reveal that officials are inching toward the first official rate hike, which we forecast for February 2010. First, though, ... More >>
