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JP Morgan - Latest News [Page 19]
JP Morgan: Today's 4Q business investment survey
Thursday, 26 February 2009, 3:00 pm | JP Morgan
Today’s 4Q business investment survey was much firmer than we had anticipated. It revealed that firms scaled back their investment plans for the current fiscal year, but not as much as we had expected. In the previous survey, firms planned to ... More >>
NZ recorded smallest trade deficit since Jan 2001
Thursday, 26 February 2009, 12:01 pm | JP Morgan
New Zealand’s trade deficit narrowed to NZ$187 million in January (J.P.Morgan –NZ$650 million, consensus –NZ$450 million), marking the smallest deficit since January 2001. The deficit narrowed from -NZ$334 million in December (previously -NZ$347 million). ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 23 February 2009, 12:25 pm | JP Morgan
In Australia this week, the highlight is the capex survey (Thursday), which will show the first spending intentions for 2009-10. We expect a near-20% drop, admittedly from elevated levels, but a plunge nonetheless. Also this week, we expect the pool ... More >>
Retail Sales Fall Short Of Expectations
Wednesday, 18 February 2009, 3:47 pm | JP Morgan
· Retail sales volumes rose 0.8%q/q in 4Q · Retail prices rose 1.0%q/q in 4Q · 4Q GDP growth forecast downgraded mildly More >>
Recession fears drive Aussie household saving
Monday, 16 February 2009, 2:51 pm | JP Morgan
Australia is in the midst of its first recession since the early 1990s. The recession started in 4Q 08 and probably will intensify in 1Q 09. The collapse in consumer confidence resulting from widespread fears over job losses and growing uncertainty surrounding ... More >>
Trade deficit narrowed in December
Thursday, 29 January 2009, 2:15 pm | JP Morgan
New Zealand’s trade deficit narrowed to NZ$347 million in December (J.P.Morgan –NZ$600 million, consensus –NZ$100 million), from a revised deficit of NZ$588 million in November (previously -NZ$520 million). Imports were relatively unchanged ... More >>
JP Morgan Weekly Economic Report
Tuesday, 20 January 2009, 9:03 am | JP Morgan
• Key economic indicators released in Australia last week were mixed. The unemployment rate rose further in December, and other data showed that home loan demand was strong in November, owing to a significant reduction in mortgage rates. This week’s consumer ... More >>
JP Morgan On Bollard's Speech
Monday, 15 December 2008, 4:13 pm | JP Morgan
RBNZ Governor Alan Bollard, in a speech to the Wellington Chamber of Commerce today, reiterated that the Bank remains focused on inflation, despite the Governor having delivered a punchy 150bp official interest rate cut less than one week ago. We believe ... More >>
JP Morgan - Financial Forecast
Wednesday, 3 December 2008, 9:22 am | JP Morgan
Previously, we had forecast that the RBNZ would cut the official cash rate (OCR) at least 100bp on Thursday. Now, though, following the RBA's decision today to cut Australia's cash rate a larger than expected 100bp (JPMorgan and consensus -75bp) ... More >>
NZ Retail Sales
Thursday, 13 November 2008, 1:25 pm | JP Morgan
The headline value of New Zealand's retail sales rose 0.1% in September (JPMorgan -0.6%, consensus 0.4%), but the all-important ex-autos measure slipped 0.5% (consensus +0.4%), after a 0.8% rise in August. Annual growth in nominal retail sales in the ... More >>
Australia NZ Weekly Prospects 25 August 2008
Monday, 25 August 2008, 2:58 pm | JP Morgan
Last week's minutes from the RBA's August Board meeting reaffirmed our expectation that the RBA will cut the cash rate on 2 September. RBA officials now place significantly more emphasis on the downside risks to growth than the upside risks to inflation. ... More >>
Australia and NZ - Weekly Prospects 7 July 2008
Monday, 7 July 2008, 12:02 am | JP Morgan
In New Zealand, ahead of a very quiet week on the economic front, the highlight last week was the business confidence survey. More >>
NZ business confidence improves
Monday, 30 June 2008, 4:40 pm | JP Morgan
The NBNZ business confidence survey improved unexpectedly in June, rising to -38.7 from -49.7 in May More >>
JP Morgan's NZ Budget08 Tips
Thursday, 22 May 2008, 8:46 am | JP Morgan
New Zealand's Finance Minister Michael Cullen will deliver his ninth Budget on Thursday. Here are some key points to note. More >>
Cash Rate Left Steady At 7.25%
Wednesday, 7 May 2008, 9:48 am | JP Morgan
As expected, the RBA has announced an unchanged cash rate following today’s Board meeting, following the back-to-back 25bp rate hikes in February and March, and the disproportionately large increases in interest rates by the commercial banks. The ... More >>
JPMorgan Chase To Acquire Bear Stearns
Monday, 17 March 2008, 4:12 pm | JP Morgan
JPMorgan Chase will exchange 0.05473 shares of JPMorgan Chase common stock per one share of Bear Stearns stock. Based on the closing price of March 15, 2008, the transaction would have a value of approximately $2 per share. More >>
RBNZ survey of inflation expectations unchanged
Tuesday, 26 February 2008, 5:00 pm | JP Morgan
RBNZ survey of inflation expectations unchanged at 2.7% - businesses expect inflation to cool over the next two years More >>
NZ: Employment growth surges
Thursday, 7 February 2008, 11:44 am | JP Morgan
New Zealand's labour force survey showed a massive 1.1%q/q (23,000 workers) spike in employment over the fourth quarter (JPMorgan 0.4%q/q, consensus 0.3%q/q). The annual rate of employment growth is now running at 2.5%, up from 1.5% in 3Q, and ... More >>
NZ: Falling net-permanent migration
Monday, 4 February 2008, 12:42 am | JP Morgan
The net number of permanent migrants dropped to just 20 (seriously) in December, as the number of departures continued to rise. More >>
JP Morgan: OZ and New Zealand - Weekly Prospects
Monday, 4 February 2008, 12:39 am | JP Morgan
We expect the RBA to lift the cash rate another 25bp to 7% on Tuesday afternoon. The domestic case for another policy tightening has been clear for some time firms have little spare capacity, the unemployment rate is low, and core inflation is well ... More >>
