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J P Morgan - Latest News [Page 5]
Business confidence improves post RBNZ rate cut
Wednesday, 1 October 2008, 10:04 am | J P Morgan
The NBNZ business confidence survey improved significantly in September, rising to +1.6 from -20.5 in August and -43.2 in July. The headline reading suggests that a net 1.6% of respondents expect business conditions to improve in the coming year. ... More >>
Australia and NZ - Weekly Prospects 29/09/08
Monday, 29 September 2008, 2:28 pm | J P Morgan
The highlight of the Antipodean economic calendar last week was New Zealand's gloomy 2Q GDP data. More >>
RBA now likely to cut cash rate 25bp on 7 October
Friday, 26 September 2008, 12:22 am | J P Morgan
For some time, we have argued that the macro-economic case for an RBA rate cut in October was not compelling. RBA officials, therefore, appeared in no rush to lower the cash rate again. Inflation, for example, almost certainly will accelerate in ... More >>
It's official - NZ's economy now in recession
Friday, 26 September 2008, 12:11 am | J P Morgan
The Shaky Isles now officially are even shakier than before. While the more timely monthly economic data left little doubt that the economy was on its knees, today's GDP data for 2Q confirmed that New Zealand experienced a technical recession over ... More >>
Economic data and event previews - 22 - 26 Sept 08
Monday, 22 September 2008, 12:37 am | J P Morgan
Australia and New Zealand - economic data and event previews More >>
Australia and NZ - Weekly Prospects 22/09/08
Monday, 22 September 2008, 12:27 am | J P Morgan
Economic data was pushed to the back-burner last week as the turmoil in global financial markets attracted most attention. In Australia, the only data of note was 2Q dwelling starts, which dropped another 3.7%q/q, after a 1.0% fall in 1Q. There was, however, ... More >>
Australia and NZ - Weekly Prospects 15 Sept 08
Monday, 15 September 2008, 11:46 am | J P Morgan
The RBNZ cut the official cash rate 50bp on Thursday, an unexpectedly large rate cut owing, in our view, to the Bank's growing concern over the deteriorating global economic and financial outlook. In doing so, the RBNZ announced a downgrade to its ... More >>
New Zealand's retail sales unexpectedly plunges
Friday, 12 September 2008, 12:11 am | J P Morgan
The value of New Zealand's retail spending dropped more than expected in July, falling 0.8%m/m against JPMorgan and market expectations of a modest 0.3% fall. This all but reverses the revised 1.0% rise in sales in June (previously shown as a 0.9% rise). ... More >>
RBNZ unexpectedly cut OCR 50bp, more cuts to come
Thursday, 11 September 2008, 11:15 am | J P Morgan
The RBNZ unexpectedly cut the official cash rate (OCR) by 50bp to 7.5% today (JPMorgan and consensus -25bp). Only one of the 15 market economists surveyed last week by Bloomberg had forecast a 50bp cut. The larger than expected rate cut appears to be ... More >>
Economic data and event previews - 8-12 September
Monday, 8 September 2008, 11:29 am | J P Morgan
Australia and New Zealand - economic data and event previews Data_previews_8Sep08.pdf Click to enlarge More >>
Australia: Drop in building approvals
Tuesday, 2 September 2008, 2:42 pm | J P Morgan
Today's building approvals data for July showed an unexpected 2.3%m/m fall (JPMorgan 3.5%, consensus 0.5%). This follows a revised 2.2% rise in June (previously released as a 0.7% fall - the revisions were due to the receipt of late information on higher ... More >>
Australian profits bounced as mining earnings soar
Monday, 1 September 2008, 2:47 pm | J P Morgan
Today's business indicators publication provided two important components of the 2Q GDP data, released Wednesday. The data showed an unexpected bounce in company operating profits, which will feed into the income side of the GDP data, but a smaller ... More >>
Australia: current account deficit narrows
Monday, 1 September 2008, 2:44 pm | J P Morgan
Australia's current account deficit narrowed significantly in 2Q, owing mainly to an improvement in the goods and services gap. The current account deficit came in at A$12.8 billion (JPMorgan A$11.8 billion, consensus A$11.7 billion), compared to ... More >>
Australia and NZ - Economic previews 1 - 4 Sept
Monday, 1 September 2008, 12:43 am | J P Morgan
Australia and New Zealand - Economic data and event previews More >>
NZ: business confidence improves following OCR cut
Thursday, 28 August 2008, 9:42 am | J P Morgan
In the wake of the RBNZ's rate cut, the NBNZ business confidence survey improved significantly in August to -20.5 from -43.2 in July. The headline index suggests that a net 20.5% of respondents expect business conditions to deteriorate in the ... More >>
Inflation expectations rose in New Zealand in 3Q
Tuesday, 26 August 2008, 3:59 pm | J P Morgan
According to the RBNZ, inflation expectations rose in New Zealand in the September quarter. The survey of 76 business managers showed that inflation is expected to average 3.0% in two years' time, compared to 2.9% in the previous survey, remaining ... More >>
NZ's trade deficit widens in July as imports surge
Tuesday, 26 August 2008, 11:51 am | J P Morgan
New Zealand's trade deficit widened to NZ$781 million in July (JPMorgan -NZ$425 million, consensus -NZ$538 million) from - NZ$207 million in June (revised from NZ$223 million). The July deficit marked the fifth straight monthly deficit. In the 12 months ... More >>
RBNZ easing will prevent prolonged recession
Monday, 25 August 2008, 2:26 pm | J P Morgan
RBNZ Governor Alan Bollard signaled in June that softer economic growth and the prospect of easing medium-term inflation were paving the way for the official cash rate (OCR) to fall. In July, amid signs of further deterioration in the New Zealand ... More >>
Economic data and event previews - 26-29 August
Monday, 25 August 2008, 11:13 am | J P Morgan
Australia and New Zealand - economic data and event previews AusNZ_Data_previews_25Aug08.pdf More >>
NZ: pipeline price pressures build in 2Q
Tuesday, 19 August 2008, 11:43 am | J P Morgan
prices surged 5.6%q/q in 2Q, more than double the 2.3%q/q spike recorded in the March quarter and the largest rise since 1980. Output prices also grew at a much faster rate than expected, rising 3.5%q/q, the largest rise since 1985, and up from a 1.8% ... More >>
