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J P Morgan - Latest News [Page 9]
Economic data and event previews - 21-24 April
Monday, 21 April 2008, 11:52 am | J P Morgan
Economic data and event previews - Australia and New Zealand More >>
NZ CPI growth slows, non-tradables still elevated
Tuesday, 15 April 2008, 12:20 am | J P Morgan
Growth in headline inflation slowed to 0.7%q/q in 1Q (JPMorgan 0.7%, consensus 0.8%) after spiking 1.2% in 4Q. Over the quarter, of the seven of the 11 CPI categories that logged increases, the food component made the largest contribution. Food prices ... More >>
New Zealand: retail sales fall 0.7%m/m in February
Monday, 14 April 2008, 11:35 am | J P Morgan
New Zealand retail sales fell 0.7%m/m in February (JPMorgan and consensus 0.0%) after rising 0.3% in the previous month. The headline sales number would have declined further had it not been that goods prices remain elevated; the series is reported ... More >>
Economic data and event previews Australia and NZ
Monday, 14 April 2008, 11:11 am | J P Morgan
Economic data and event previews - Australia and New Zealand, 14-18 April 2008: Data_previews_140408.pdf More >>
Australia and NZ - Weekly Prospects 14 Apr 2008
Monday, 14 April 2008, 12:02 am | J P Morgan
* Last week's Australian economic data had a weak tone, with the pace of employment growth easing, residential building approvals flat, and both business and consumer confidence sliding. This strengthens the recent evidence that growth in domestic ... More >>
Aust consumer confidence falls further in April
Wednesday, 9 April 2008, 1:44 pm | J P Morgan
Consumer confidence fell 1.3%m/m in April (JPMorgan +6.0%), after slumping 9.1% in March to the lowest level in nearly 15 years. The Westpac-Melbourne Institute's consumer sentiment index fell to 87.4 from 88.6, and is down 30% since the May 2007 peak. ... More >>
Bollard attempts to restore confidence
Wednesday, 9 April 2008, 11:38 am | J P Morgan
In an address to the Marlborough Chamber of Commerce earlier today, RBNZ Governor Alan Bollard said that banks and businesses should avoid overreacting to the economic downturn. Instead, they should adopt a cautious approach, rather than reducing lending ... More >>
RBA testimony signals cash rate may have peaked
Friday, 4 April 2008, 2:20 pm | J P Morgan
RBA Governor Glenn Stevens today delivered his six-monthly testimony to Federal Parliament's House Economics Committee. As usual, the Governor read a prepared statement, the tone of which adhered closely to the commentary delivered after Tuesday's Board meeting, ... More >>
Australia: private sector credit growth slows
Monday, 31 March 2008, 2:41 pm | J P Morgan
The RBA's private sector credit aggregates grew just 0.7%m/m in February (JPMorgan 1.0%, consensus 1.1%), slowing from a revised 1.0% in January (previously 1.1%). The annual rate slowed from a revised 16.2% (previously 16.4%) to 15.5%, falling ... More >>
Australia and NZ - Weekly Prospects 31/03/08
Monday, 31 March 2008, 11:57 am | J P Morgan
The RBA takes centre stage in Australia this week. The RBA's Board meeting on Tuesday should see the cash rate left unchanged at 7.25%, but Governor Glenn Stevens' six-monthly testimony to a Parliamentary economics committee on Friday will be more eventful. ... More >>
Data and event previews - Australia and NZ
Monday, 31 March 2008, 10:35 am | J P Morgan
Economic data and event previews - Australia and New Zealand More >>
NZ business confidence slumps
Monday, 31 March 2008, 12:08 am | J P Morgan
The NBNZ business confidence survey plummeted in March, falling from a reading of -43.9 in February to -57.9. The headline index suggests that 57.9% of respondents expect business conditions to deteriorate over the coming year. Confidence weakened ... More >>
RBNZ's Bollard signals that inflation remains key
Friday, 28 March 2008, 2:04 pm | J P Morgan
RBNZ Governor Alan Bollard, who spoke in Sydney this morning at the Euromoney Australian Financial Markets Innovation Congress, signalled clearly that while economic growth in New Zealand will moderate going forward, inflation remains strong, and current ... More >>
NZ 4Q GDP growth a faster than expected 1.0%q/q
Friday, 28 March 2008, 12:23 am | J P Morgan
The New Zealand economy grew an unexpectedly firm 1.0%q/q in the December quarter (JPMorgan and consensus 0.8%), following on from 0.5% in 3Q. The solid rate of expansion follows data yesterday showing a significant narrowing of the current account deficit. ... More >>
Australia and NZ - Weekly Prospects 25 March 08
Tuesday, 25 March 2008, 12:18 am | J P Morgan
* In Australia, we leave behind a very quiet week for economic data and enter one that is even quieter. The main message from last week's RBA Board minutes is that the focus of RBA officials remains clearly on inflation, which makes us feel comfortable ... More >>
Australia and NZ - Weekly Prospects 17/3/08
Monday, 17 March 2008, 12:30 am | J P Morgan
* Ahead of a week absent of top-tier economic data, key indicators in Australia last week signalled that the domestic economy remains robust. Demand for home loans was unexpectedly firm in January and solid gains in employment were recorded in February, ... More >>
Sub-par growth of less than 3% in Australia in 09
Thursday, 13 March 2008, 2:42 pm | J P Morgan
Several weeks ago, we lowered our forecast for Australian GDP growth for 2008 and 2009 owing to two main developments: first, the unexpectedly assertive interest rate rises by the Reserve Bank (and the related, but disproportionately large, rises in ... More >>
Australian home loan approvals jump 2.3% in Jan
Tuesday, 11 March 2008, 3:09 pm | J P Morgan
The number of home loans issued in January grew a stronger-than-expected 2.3%m/m (JPMorgan and consensus 1.0%) after rising a revised 0.4% in December (previously 1.0%). From the surge in housing finance approvals, it appears that investors rushed ... More >>
QVNZ house price series slowest growth in 3 years
Monday, 10 March 2008, 12:45 am | J P Morgan
According to the latest report by QVNZ, annual growth in New Zealand residential property prices decelerated to 7.7% (from 8.9% in January); this is the slowest annual growth rate since the monthly series began in 2005. Annual growth rates fell in all ... More >>
Australia and NZ - Weekly Prospects 10 Mar 2008
Monday, 10 March 2008, 12:01 am | J P Morgan
* The RBA hiked interest rates 25bp as expected last Tuesday and maintained a clear bias to tighten policy, even though the commentary was less hawkish than expected. The rapidly deteriorating inflation outlook means that we are still forecasting another ... More >>
