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J P Morgan - Latest News [Page 11]
Aussie house prices up 3% in 4Q, trade gap narrows
Monday, 4 February 2008, 2:32 pm | J P Morgan
Australian national house prices rose 3.2%q/q in 4Q (JPMorgan and consensus 3.0%) after growing 3.5% in the previous three months. From a year ago, house prices rose 12.3%, the fastest rate since early 2004, compared to 10.6% in 3Q. More >>
RBNZ grounded amid rising tide of inflation
Monday, 4 February 2008, 1:04 pm | J P Morgan
New Zealand's GDP growth to slow in 2008 owing to cooling housing activity and weaker household spending * Inflation, though, will stay near the top of the RBNZ's 1-3% target range * RBNZ to remain on hold as it balances elevated inflation against weakness ... More >>
NZ trade balance breaks into small surplus
Thursday, 31 January 2008, 12:23 am | J P Morgan
New Zealand's trade balance posted a small surplus in December, thanks to surging exports and despite stronger than expected imports. The non-seasonally adjusted figures showed a small surplus of NZ$33 million in December, as exports spiked to NZ$3.68 ... More >>
NZ building approvals decline, again
Wednesday, 30 January 2008, 11:46 am | J P Morgan
Building approvals buckle under higher interest rates, reduced immigration, and heightened investor concerns More >>
RBNZ outlines policy challenges
Friday, 25 January 2008, 3:06 pm | J P Morgan
The key message from RBNZ Governor Alan Bollard's speech in Christchurch today was that, in the Governor's opinion, the current level of interest rates in New Zealand is enough to contain inflation. More >>
Australia: core inflation rose sharply in 4Q
Thursday, 24 January 2008, 9:57 am | J P Morgan
Today's 4Q CPI data showed that Australia's already serious inflation problem has become even more acute. At 3.0%oya, annual headline inflation now is running at the top of the RBA's 2-3% target range. More importantly, core inflation has breached ... More >>
RBNZ on hold, acknowledges increased uncertainty
Thursday, 24 January 2008, 9:55 am | J P Morgan
The RBNZ this morning left the official cash rate (OCR) unchanged at a record high 8.25% (JPMorgan and consensus 8.25%). The commentary reinforced the bank's tightening bias delivered in the December monetary policy statement, but acknowledged increased ... More >>
NZ retail sales fuelled by gasoline prices
Friday, 18 January 2008, 12:24 am | J P Morgan
New Zealand's retail sales bounced 2%m/m in November (JPMorgan 0.9%, consensus 0.7%), thanks to a 9% surge in fuel retailing. The strong November bounce followed a 0.6%m/m dip in sales over the month of October. More >>
NZ CPI: headline high, non-tradables low
Thursday, 17 January 2008, 11:59 am | J P Morgan
New Zealand's headline CPI came in above expectations in 4Q, rising 1.2%q/q (JPMorgan and consensus 1.0%). The annual rate of headline inflation, at 3.2%oya, is now back above the RBNZ's 1-3%oya target band. The good news for New Zealand households, however, ... More >>
Australian home loans rise 4.0%m/m in November
Wednesday, 16 January 2008, 2:44 pm | J P Morgan
The number of housing finance approvals issued in November rose 4.0% (JPMorgan 1.3%, consensus 1.0%) after declining a revised 0.5% in October (previously -0.7%). A significant fall in the number of approvals for new home purchases (-7.3%) was offset by a rise ... More >>
NZ business confidence tracked sideways in Q4
Tuesday, 15 January 2008, 11:59 am | J P Morgan
Today's NZIER quarterly survey of business opinion (QSBO) will support the RBNZ's tightening bias, but will not be enough to push them into actually acting on that bias. More >>
Australia and NZ - Weekly Prospects Jan 14 2008
Monday, 14 January 2008, 1:04 pm | J P Morgan
It is a busy week for economic data in Australia, with three influential data points scheduled for release: consumer confidence, housing finance, and employment. The data will add to the policy debate ahead of the February RBA decision, but none is ... More >>
Australia's building approvals jump 8.9%m/m
Tuesday, 8 January 2008, 2:40 pm | J P Morgan
Building approvals for the month of November bounced 8.9%m/m (JPMorgan 3.2%, consensus 0.0%), after a downwardly revised 3.6%m/m fall in October. The lion's share of the monthly increase was driven by a 30%m/m increase in the number of apartments approved. More >>
NZ Current Account Deficit Now 8.3% Of GDP
Thursday, 20 December 2007, 1:36 pm | J P Morgan
New Zealand’s current account deficit blew out in the third quarter, widening to NZ$5.2 billion from NZ$3.0 billion (revised from NZ$2.9 billion) in 2Q. The deficit in the year to September rose to NZ$14.2 billion from NZ$13.7 billion in the year ... More >>
New Zealand: business confidence falls in December
Tuesday, 18 December 2007, 3:38 pm | J P Morgan
The NBNZ business confidence survey fell in December, with the headline index dropping to -24.9% (net respondents expecting conditions to deteriorate over the coming year) from -19.6% previously. Business confidence appears to be suffering under the still-elevated ... More >>
RBA minutes: Dec. decision was 'finely balanced'
Tuesday, 18 December 2007, 2:53 pm | J P Morgan
The RBA today released minutes of the 4 December Board meeting, at which officials decided to leave the cash rate unchanged at 6.75%. The key phrases in the minutes are that, at the time of the meeting, RBA officials were concerned about the outlook ... More >>
Australia adds a massive 52,600 jobs in November
Thursday, 13 December 2007, 2:34 pm | J P Morgan
Australia added a massive 52,600 jobs in November (JPMorgan 25,000, consensus 20,000), after a small 5,400 gain in October (revised down from 12,900). The jobs gain in November is the 13th straight monthly rise, for a total accumulation of 313,000 since ... More >>
Retail sales in New Zealand slump in October
Thursday, 13 December 2007, 11:56 am | J P Morgan
Retail sales in New Zealand slumped 0.7%m/m in October, after rising 1.0% in the previous month, as record high interest rates started to curb consumer spending. The RBNZ has tightened monetary policy four times this year, taking the official ... More >>
NZ property prices in downward spiral
Monday, 10 December 2007, 11:06 am | J P Morgan
There is no longer any question around whether New Zealand's housing market has turned south or not - it has. According to today's QVNZ property market report, annual growth in national property prices eased to 11.4% in November (calculated over the three ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 10 December 2007, 12:39 am | J P Morgan
Last week's RBA meeting delivered both the expected and the unexpected. The Board's decision to leave the cash rate unchanged at 6.75% was expected, but the announcement of the new communication regime was a big surprise. The RBA's decisions to release ... More >>
