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J P Morgan - Latest News [Page 6]
Australia and NZ - Weekly Prospects 18/08/08
Monday, 18 August 2008, 11:53 am | J P Morgan
• The RBA's quarterly Statement on Monetary Policy last week signaled clearly that RBA officials are close to cutting the cash rate. Officials are placing significantly more emphasis on the downside risks to growth than the upside risks to inflation. ... More >>
Economic data and event previews - 19 August 2008
Monday, 18 August 2008, 11:50 am | J P Morgan
Australia and New Zealand - economic data and event previews More >>
New Zealand retail sales slumped 1.5%q/q
Friday, 15 August 2008, 12:14 am | J P Morgan
New Zealand retail sales slumped 1.5%q/q in 2Q, the largest fall on record More >>
Aussie consumer sentiment surges
Wednesday, 13 August 2008, 1:53 pm | J P Morgan
Consumer confidence surged 9.1%m/m in August (JPMorgan +6.0%), after slumping 6.7%m in July and falling 5.6% in June. The Westpac-Melbourne Institute's consumer sentiment index rose from 79.0 to 83.8, although it still is 32% lower than its May 2007 peak. ... More >>
RBA quarterly statement: rate cuts not far away
Monday, 11 August 2008, 3:31 pm | J P Morgan
As expected, the tone of today's quarterly Statement on Monetary Policy from the RBA mirrored the tone of last week's policy announcement. Indeed, in line with last week's shift in RBA verbiage to a more dovish tone, today's statement signaled clearly ... More >>
Australia and NZ - Weekly Prospects 11 Aug 08
Monday, 11 August 2008, 1:26 pm | J P Morgan
• The highlight in Australia last week undoubtedly was the commentary accompanying the RBA's decision to leave the cash rate unchanged. The dovish tone of the RBA's statement signaled clearly that the RBA will ease policy soon. We look for a 25bp ... More >>
Economic data and event previews - 11-15 August
Monday, 11 August 2008, 11:08 am | J P Morgan
Producer input and output prices should rise 2.0%q/q and 1.3%, respectively, in 2Q. The significantly faster rate of growth in input prices over output prices suggests that producers are still finding it difficult to pass rising costs on to consumers; ... More >>
Kiwi labour market remained strong in 2Q
Thursday, 7 August 2008, 11:38 am | J P Morgan
Employment in New Zealand rebounded 1.2%q/q (26,000 persons) in the June quarter (JPMorgan 0.3%, consensus 0.2%) after contracting 1.2% (28,000 persons) in the previous three months. On this evidence, labour market conditions remained firm despite a ... More >>
Aust: home loans fell for fifth straight month
Wednesday, 6 August 2008, 3:39 pm | J P Morgan
Demand for housing finance fell for the fifth straight month in June. The number of home loans issued fell 3.7%m/m (JPMorgan -3.5%, consensus -2.0%) after falling a revised 6.9% in May (previously 7.9%). The fall was owing to a 2.7%m/m drop in ... More >>
Economic data and event previews - 5-7 August
Tuesday, 5 August 2008, 11:28 am | J P Morgan
Australia and New Zealand - economic data and event previews See... Data_previews_5Aug08.pdf More >>
RBNZ unlikely to be concerned about wage growth
Monday, 4 August 2008, 12:06 am | J P Morgan
Growth in private sector labour costs (as measured by the LCI) in New Zealand rose 0.8%q/q in 2Q (JPMorgan and consensus 0.8%) after rising 0.7% in 1Q. The all sector labour cost index grew 0.8%q/q (JPMorgan and consensus 0.8%), also up from 0.7% in ... More >>
Business confidence down. Long recession likelier
Thursday, 31 July 2008, 3:52 pm | J P Morgan
The NBNZ business confidence survey worsened slightly in July to -43.2 from -38.7 in June. The headline index suggests that a net 43.2% of respondents expect business conditions to deteriorate over the coming year. Had it not been for heightened speculation ... More >>
RBNZ's Bollard says inflation targeting serves NZ
Thursday, 31 July 2008, 9:37 am | J P Morgan
RBNZ Governor Alan Bollard today delivered a speech entitled "Flexibility and the Limits to Inflation Targeting." The main message from the speech is that Dr. Bollard believes monetary policy needs to be flexible in order to deal with unavoidable price ... More >>
Australia and NZ Economic data and event previews
Monday, 28 July 2008, 11:17 am | J P Morgan
Australia and New Zealand - Economic data and event previews Data_previews_28July08.pdf More >>
Australia and NZ- Weekly Prospects 28/7/08
Monday, 28 July 2008, 12:22 am | J P Morgan
In New Zealand, the RBNZ cut the official cash rate (OCR) 25bp last Thursday, a close decision forecast by only four of 13 market economists. We believe the RBNZ now has embarked on what will be an extended easing cycle; we forecast a further three 25bp ... More >>
RBNZ cut OCR to 8.0%. Further easing to come.
Thursday, 24 July 2008, 11:03 am | J P Morgan
The RBNZ cut the official cash rate (OCR) by 25bp to 8.00% this morning (JPMorgan and consensus 8.25%). Only four of 13 market economists expected a rate cut at today's meeting. More >>
Australia and New Zealand - Weekly Prospects
Monday, 21 July 2008, 1:06 pm | J P Morgan
The focus in Australia this week will be the 2Q PPI and CPI prints on Monday and Wednesday, respectively. Core CPI probably will print at 1.2%q/q, the highest reading since 1990. This will take core inflation to 4.4%oya, but elevated inflation readings ... More >>
Economic data and event previews - 21-24 July
Monday, 21 July 2008, 12:14 am | J P Morgan
Australia and New Zealand - economic data and event previews More >>
September rate cut beckons for Kiwi recession
Friday, 18 July 2008, 3:49 pm | J P Morgan
Economic momentum in New Zealand has slowed to a standstill and, according to our forecasts, the economy probably is in the midst of a technical recession, with GDP having contracted in 1Q. Weaker economic activity, however, has emerged alongside ... More >>
Non-tradables elevated. RBNZ to cut rates in Sept
Tuesday, 15 July 2008, 12:13 am | J P Morgan
Headline inflation in New Zealand accelerated to an 18-year high of 4.0%oya in 2Q (JPMorgan and consensus 3.8%) from 3.4% in 1Q, remaining well above the central bank's 1-3% target range for the third straight quarter. The quarterly rise was unexpectedly ... More >>
