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J P Morgan - Latest News [Page 7]
Economic data and event previews - 15-18 July 2008
Monday, 14 July 2008, 12:31 am | J P Morgan
Australia and New Zealand - Economic data and event previews Data and event previews - Australia and New Zealand [PDF] More >>
NZ retail slumps in May, but ex-auto sales firm
Monday, 14 July 2008, 12:05 am | J P Morgan
The value of retail sales in New Zealand slumped 1.2%m/m in May (JPMorgan 0.5%, consensus -0.1%) after jumping 1.2% in April. We thought the headline sales number would be bolstered by high and rising prices, but sales plunged owing to weaker auto-related ... More >>
Australia: home loans slump 7.9% in May
Wednesday, 9 July 2008, 2:49 pm | J P Morgan
Demand for housing finance fell for the fourth straight month in May, but by much more than expected. The number of home loans issued plummeted 7.9%m/m (JPMorgan -2.5%, consensus -2.0%) after slumping a revised 4.2% in April (previously -3.0%). The fall ... More >>
Australia: consumer confidence slumps 6.7%m/m
Wednesday, 9 July 2008, 1:26 pm | J P Morgan
Consumer confidence slumped 6.7%m/m in July (JPMorgan -2.0%), after falling 5.6% in June. The Westpac-Melbourne Institute's consumer sentiment index fell from 84.7 to 79.0, its lowest level since 1992 and 35% lower than its May 2007 peak. The index ... More >>
NZIER 2Q Business Opinion Survey
Tuesday, 8 July 2008, 11:12 am | J P Morgan
The NZIER Quarterly Survey of Business Opinion (QSBO) for 2Q showed a net 64% of firms expect the economy to deteriorate in the next six months, the same amount as in the previous survey. Negative economic growth and elevated inflation were the ... More >>
Australia: retail sales up 0.7% in May
Wednesday, 2 July 2008, 2:29 pm | J P Morgan
Retail sales values surged unexpectedly in May, rising 0.7%m/m (JPMorgan -0.3%, consensus +0.1%), after falling a revised 0.1% in April (previously -0.2%). This was the largest rise in retail sales values since November 2007, but only the second rise in retail ... More >>
NZ economy contracted in 1Q, recession likely
Friday, 27 June 2008, 12:16 am | J P Morgan
Owing to widespread weakness, the New Zealand economy contracted 0.3%q/q (JPMorgan -0.4%, consensus -0.3%) in 1Q, following a revised 0.8% expansion in 4Q (previously 1.0%). More >>
Australia and NZ - Weekly Prospects 23 June 08
Monday, 23 June 2008, 11:52 am | J P Morgan
The minutes from the RBA's June policy meeting were the highlight in Australia last week. The RBA Board acknowledged that inflation had risen to an "uncomfortably high rate" and members were concerned that rising inflation expectations may begin to ... More >>
Australia and NZ - Weekly Prospects 16 June 08
Monday, 16 June 2008, 11:52 am | J P Morgan
In New Zealand, ahead of a quiet week on the economic front, data on Friday showed that retail sales growth surged in April, though the trend remained flat. Strong auto sales and rising goods prices lifted the headline sales number, which is reported ... More >>
NZ retail jumps 1.0% in April on autos, trend flat
Friday, 13 June 2008, 12:04 am | J P Morgan
New Zealand retail sales jumped 1.0%m/m in April (JPMorgan 0.2%, consensus 0.4%), rebounding from a 1.2% fall in the previous month. The headline number was lifted by an 8.1%m/m spike in motor vehicle sales, an unusual surge in smash repair and ... More >>
Aussie consumer confidence slumps
Wednesday, 11 June 2008, 1:12 pm | J P Morgan
Consumer confidence slumped to its lowest since 1992 in June, falling 5.6%m/m (JPMorgan +1.0%) after rising 2.7% in May, when confidence improved for the first time this year. More >>
Australia: home loans fell for 3rd straight month
Tuesday, 10 June 2008, 2:26 pm | J P Morgan
Demand for housing finance fell for the third straight month in April. The number of home loans issued declined 3.0%m/m (JPMorgan -3.0%, consensus -2.0%) after slumping a revised 5.7% in March (previously 6.1%). More >>
Australia and NZ - Weekly Prospects 10 June 08
Tuesday, 10 June 2008, 11:56 am | J P Morgan
In New Zealand, the highlight last week was the RBNZ's monetary policy statement, which signalled that the Bank may lower the OCR later this year. The RBNZ left rates steady as expected, amid rapidly slowing economic growth and elevated inflation, ... More >>
Economic data and event previews: 10 to 13 June 08
Tuesday, 10 June 2008, 12:21 am | J P Morgan
Economic data and event previews - Australia and New Zealand http://img.scoop.co.nz/media/pdfs/0806/Data_previews.pdf More >>
RBNZ leaves OCR unchanged, but rate cuts expected
Thursday, 5 June 2008, 10:51 am | J P Morgan
The RBNZ left the official cash rate (OCR) steady at a record 8.25% as expected this morning, citing upside risks to inflation and downside risks to economic growth. The OCR has remained unchanged since July 2007, although will probably fall toward ... More >>
RBA: cash rate unchanged for third straight month
Tuesday, 3 June 2008, 5:17 pm | J P Morgan
As was widely expected, the RBA today announced an unchanged cash rate at 7.25%. This is the third straight monthly meeting at which the RBA has been inactive on the cash rate target. The expectation of unchanged policy was unanimous among local ... More >>
Australia and New Zealand - Weekly Prospects
Tuesday, 27 May 2008, 9:55 am | J P Morgan
There was little economic data released in Australia last week, although the RBA monetary policy minutes from the May board meeting provided market pundits with plenty to chew on. It now seems more likely that the rapidly rising terms of trade and recently ... More >>
Dark clouds forming over New Zealand's economy
Tuesday, 27 May 2008, 12:57 am | J P Morgan
RBNZ to embark on monetary easing cycle in 4Q * Growth will slow as inflation remains above target * GDP growth to slump to 1.4% in 2008 before recovering in 2009 More >>
NZ's trade deficit widens more than expected
Monday, 26 May 2008, 11:37 am | J P Morgan
New Zealand's trade deficit widened to NZ$334 million in April (JPMorgan and consensus -NZ$150 million), marking the second straight monthly deficit. In March, a deficit of NZ$44 million was recorded (revised from - NZ$50 million), following a surplus ... More >>
New Zealand: Budget Outcome
Thursday, 22 May 2008, 4:23 pm | J P Morgan
New Zealand's Finance Minister Michael Cullen today delivered his ninth Budget. According to the minister, the Budget focused on providing a "fair deal" for all New Zealanders and planning for a strong and sustainable future. More >>
