J P Morgan - Latest News [Page 2]

Australia and NZ - Weekly Prospects 19.10.09

Monday, 19 October 2009, 11:47 am | J P Morgan

In New Zealand, market speculation that the RBNZ will lift rates in early 2010 picked up last week after 3Q CPI printed on the upside of expectations. Inflation remained in the bottom half of the RBNZ’s 1-3%oya target range, however, and the headline, ... More >>

NZ business confidence reached decade-high

Wednesday, 30 September 2009, 5:30 pm | J P Morgan

• Business confidence jumped 14.9 points in September • Nearly half of those surveyed expect conditions to improve • Near-term GDP growth will be solid More >>

RBNZ leaves door open to further policy easing

Thursday, 10 September 2009, 10:38 am | J P Morgan

The RBNZ this morning left the official cash rate (OCR) unchanged at 2.5%, as expected. The accompanying commentary also offered few surprises, remaining dovish, with Governor Bollard reiterating that the OCR will remain “at or below” current levels until ... More >>

Kiwi business confidence continues to surge

Monday, 31 August 2009, 4:30 pm | J P Morgan

Business confidence jumped again in August Prolonged recession nearing an end Employment expectations remain ‘in the red’ More >>

Australian managers more upbeat about investment

Thursday, 27 August 2009, 3:06 pm | J P Morgan

The main message in today's business investment survey for the June quarter is that managers are feeling more optimistic about the outlook, both locally and offshore, but still plan to rein in investment spending, albeit modestly and only in the near ... More >>

Australia and NZ - economic data previews 17/08/09

Monday, 17 August 2009, 12:27 pm | J P Morgan

Pipeline price pressures probably eased again in New Zealand in 2Q. After tumbling 2.5%q/q in 1Q, the largest decline on record, producer input prices should fall 1.0% in the three months to June. The third straight quarterly fall in input prices will ... More >>

NZ retail volumes up, will boost 2Q GDP figures

Friday, 14 August 2009, 12:14 pm | J P Morgan

Retail sales in New Zealand unexpectedly rose 0.1% (J.P. Morgan -0.5%, Consensus -0.3%) in June, after a stronger than expected 0.8% increase in May. The figures were inflated, however, by strength in the auto sector, as dealers cleared stock ... More >>

NZ: unemployment rose significantly in 2Q

Thursday, 6 August 2009, 11:47 am | J P Morgan

• Employment contracted 0.4%q/q in 2Q, as expected • Elevated labour force participation inflated the unemployment rate • Next RBNZ move to be a hike, but not until mid-2010 More >>

Australia and NZ - Weekly Prospects 04/08/09

Tuesday, 4 August 2009, 12:57 pm | J P Morgan

* Last week, the RBA signaled it had tacked away from the previous commentary hinting that a rate cut was more likely than a hike. Indeed, one message from Governor Stevens' speech was that the Bank will not wait for the jobless rate to peak before tightening-this ... More >>

Sharp wage growth slow; unemployment to rise

Tuesday, 4 August 2009, 11:46 am | J P Morgan

• Wage growth slowest in eight years • Upside risk to our 2Q unemployment rate forecast • Labour market conditions to remain weak More >>

FIRST TAKE: New Zealand's wage growth weak

Tuesday, 4 August 2009, 11:24 am | J P Morgan

FIRST TAKE: New Zealand's wage growth weak; risks skewed to higher 2Q unemployment rate More >>

NZ businesses more upbeat; no RBNZ change expected

Wednesday, 29 July 2009, 4:33 pm | J P Morgan

Business confidence improved markedly in July • Prolonged recession nearing an end • No more OCR cuts likely; next cash rate move to be up More >>

NZ: non-tradable inflation remained elevated

Thursday, 16 July 2009, 1:46 pm | J P Morgan

Headline CPI back within RBNZ’s target range • Non-tradable inflation still elevated • RBNZ’s easing cycle over; OCR hike forecast for mid-2010 More >>

Australia and NZ - Weekly Prospects 13/07/09

Monday, 13 July 2009, 2:21 pm | J P Morgan

The NZIER Quarterly Survey of Business Opinion last week reaffirmed our expectation that the New Zealand economy will contract again in 2Q and 3Q, marking seven straight quarterly GDP declines. Scheduled for release this week are the retail sales data ... More >>

NZ: Business confidence improving

Tuesday, 7 July 2009, 12:03 pm | J P Morgan

Business confidence improved markedly, though still weak • Recession has further to run; GDP growth should turn positive in 4Q • Worst for households still ahead as unemployment rises More >>

NZ economy contracted for fifth straight quarter

Friday, 26 June 2009, 12:23 pm | J P Morgan

• Economy contracted for fifth straight quarter • Business investment tumbled in 1Q • Expect further policy easing from RBNZ More >>

OCR 'at or below' current levels until end 2010

Thursday, 11 June 2009, 12:17 pm | J P Morgan

The RBNZ this morning left the official cash rate (OCR) unchanged at 25%. Our forecast was for a 25bp cut, although we acknowledged the decision would be a close call. Market economists were divided over whether Governor Bollard would deliver a 25bp ... More >>

New Zealand: wage growth eased further

Wednesday, 6 May 2009, 3:52 pm | J P Morgan

Private sector labour costs rose 0.6%q/q in 1Q • Wage growth should moderate further • Unemployment rate to rise rapidly More >>

Economic data and event previews - 4 May 2009

Monday, 4 May 2009, 3:03 pm | J P Morgan

NZ private sector wages (%q/q, 1Q) - Wage growth probably moderated in 1Q as labour market conditions continued to ease. We forecast private sector labour costs to grow 0.6%q/q in 1Q, slowing from 0.7% in 4Q, NZ employment (%q/q, 1Q) - The jobless rate ... More >>

Australia and NZ - Weekly Prospects 4/05/09

Monday, 4 May 2009, 3:00 pm | J P Morgan

A slew of key economic data is scheduled for release in Australia this week, the highlight being the April labour force survey on Thursday. Our forecast calls for the jobless rate to hit 6%, a sharp rise from the 3.9% recorded just over a year ... More >>