J P Morgan - Latest News [Page 3]
Employment in New Zealand contracted in 1Q
Monday, 4 May 2009, 2:31 pm | J P Morgan
Labour market conditions deteriorated • Employment contracted 1.7%oya in 1Q • Average hourly earnings rose More >>
Australia and NZ - Weekly Prospects 27/04/09
Monday, 27 April 2009, 1:02 pm | J P Morgan
Inflation data in Australia last week will fail to set alarm bells off at the RBA. Minutes from the Board's April 7 meeting signalled that RBA officials are in no hurry to ease policy further - just yet. Further policy easing is expected, however. We ... More >>
Headline inflation in Australia
Thursday, 23 April 2009, 3:05 pm | J P Morgan
Headline inflation in Australia printed at 2.5%oya in 1Q (J.P.Morgan 2.6%, consensus 2.8%), falling back within RBA’s 2-3% target range for the first time since 3Q07 More >>
Australia and NZ - Weekly Prospects 16/03/09
Monday, 16 March 2009, 1:25 pm | J P Morgan
Last week, the RBNZ cut the OCR 50bp - we had expected a larger move, owing mainly to deteriorating conditions offshore. RBNZ Governor Alan Bollard signalled he is wary that a significant amount of stimulus already has been injected into the economy, ... More >>
Inflation expectations eased in NZ in early 09
Thursday, 26 February 2009, 9:45 am | J P Morgan
According to the RBNZ, inflation expectations fell in New Zealand in the March quarter. The survey of 64 business managers showed that inflation is expected to average 2.3% in two years' time, down from 2.7% in 4Q08 and 3.0% in 3Q08. The survey also showed ... More >>
New Zealand: producer input prices tumbled in 4Q
Monday, 16 February 2009, 11:52 am | J P Morgan
Input prices unexpectedly fell 2.2%q/q on lower crude prices • Output prices rose 1.4%q/q, buoyed by higher dairy prices • PPI report has few implications for monetary policy outlook More >>
Australia and NZ- Weekly Prospects 16/02/09
Monday, 16 February 2009, 11:50 am | J P Morgan
• There were two main surprises in the data released in Australia last week. First, the consumer confidence index showed an alarming slump in February, even though the survey was conducted after the RBA's decision to cut the cash rate 100bp and the ... More >>
NZ: 4Q GDP forecast downgraded after retail data
Friday, 13 February 2009, 12:36 pm | J P Morgan
Retail sales slumped 1.0%m/m in December • Ex-autos sales were down 0.6%m/m • RBNZ to cut cash rate to 2.25% in this easing cycle More >>
Consumer confidence index slumps 4.6%m/m
Wednesday, 11 February 2009, 1:29 pm | J P Morgan
The Westpac-Melbourne Institute consumer confidence index slumped 4.6%m/m in February, following on from a 2.2% fall in January. The decline was unexpected given the survey was conducted following another significant cut to the official cash rate and the ... More >>
NZ: 4Q unemployment rate rose to fresh 5 year high
Thursday, 5 February 2009, 11:39 am | J P Morgan
Employment increased 0.9%q/q, or by 21,000. • The unemployment rate increased to 4.6%. • The labour force participation rate increased to 69.3%. More >>
Australia fiscal stimulus package up to 4% of GDP
Tuesday, 3 February 2009, 4:25 pm | J P Morgan
The Australian Government today announced another significant fiscal stimulus package worth up to 4% of GDP, following last October's initial announcement than the fiscal purse strings were being loosened. Back in October, the Government "gave back" a ... More >>
Economic data and event previews - 2 - 6 Feb 2009
Monday, 2 February 2009, 12:28 pm | J P Morgan
Australia and New Zealand - economic data and event previews More >>
Australia and NZ - Weekly Prospects 02/02/09
Monday, 2 February 2009, 12:26 pm | J P Morgan
• Economic data in Australia last week indicated that inflation pressures eased in 4Q08. The reduced threat from inflation and soft credit conditions, combined with rapidly deteriorating conditions offshore, reaffirm our view that the RBA will cut ... More >>
NZ: wage growth moderated significantly in 4Q
Monday, 2 February 2009, 11:41 am | J P Morgan
Private sector labour costs grew 0.7%q/q in 4Q; Wage growth to moderate further; Unemployment rate to rise rapidly More >>
Downgrades to expected GDP growth in Aust, NZ
Friday, 30 January 2009, 2:46 pm | J P Morgan
We have been forecasting recession in Australia since last October, but the latest dire news on the global economy means that we are even more confident in this view than before. Our global team again has marked down the forecast for 2009 global GDP ... More >>
Australia and NZ - Economic previews 27-30 Jan 09
Tuesday, 27 January 2009, 2:15 pm | J P Morgan
Australia and New Zealand - economic data and event previews Data_previews270109.pdf More >>
NZ: inflation fell sharply, RBNZ to cut 100bp
Tuesday, 20 January 2009, 12:37 pm | J P Morgan
Inflation in New Zealand, as measured by changes in the consumer price index, moderated sharply in 4Q, falling -0.5%q/q, compared to 1.5% in the previous three months (J.P.Morgan 0.1%, consensus -0.4%). The main driver of the significant fall was lower petrol ... More >>
Economic data and event previews - 12-15 Jan 09
Monday, 12 January 2009, 4:43 pm | J P Morgan
Australia and New Zealand - Economic data and event previews Data_previews120109.pdf More >>
Australia and NZ - Weekly Prospects 12/01/09
Monday, 12 January 2009, 11:27 am | J P Morgan
• The economic data flow picked up in Australia last week and confirmed that domestic activity weakened further in late 2008. In November, the trend in retail sales moderated, the trade surplus narrowed significantly, and building approvals slumped. The highlight ... More >>
NZ's trade deficit narrowed as imports slowed
Wednesday, 7 January 2009, 4:03 pm | J P Morgan
Trade deficit narrowed more than expected in November • Import growth slowed sharply • Net exports will remain a drag on GDP growth More >>