Devon Funds Management Market Update

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about more good news for the kiwi agricultural sector, with our biggest apple producer raising earnings guidance. The champagne however may be on ice for the broader kiwi economy with the light and heavy traffic indices both falling in May. Meanwhile, the prospect of further rate cuts across the Tasman has increased following the...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about why China and Japan may both be more motivated to get a trade deal done with the US following data out Monday. He also looks at how the Kiwi agricultural sector appears to be taking tariffs in their stride, with red meat exports to the US up 39% in April from a year ago. For more market insights and our terms and conditions...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the relief around a strong set of US jobs numbers and the outlook for Tesla after the end of the bromance between Elon Musk and Donald Trump. He also discusses why SkyCity has taken the gloves off against Fletchers, suing the company for over $330 million. For more market insights and our terms and conditions, visit www.dev...

Devon Funds Head of Retail Greg Smith speaks to ZB's Mike Hosking about Budget 2025, and in particular, the changes to KiwiSaver and business investment incentives. Also up for discussion, are some minnows from the reporting season in Oceania Healthcare, AFT Pharmaceuticals, and My Food Bag. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith speaks to ZB's Mike Hosking about a cracking result from Napier Port, with logs and apples driving container volumes. He also discusses results from big US discounter Target which were off the mark, and why Japan is doing it tough amidst the trade war. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith discusses with ZB's Mike Hosking the implications of the RBA's decision to reduce rates by 0.25%, while also discussing a bigger cut. He also assesses why demand for the world's biggest IPO this year was so strong, and what to make of the latest results from kiwi insurer Tower. For more market insights and our terms and conditions, visit www.devonf...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the weak services sector data which highlights the challenges facing the kiwi economy. He also discusses how the Chinese economy fared prior to the recent trade truce, and why drinks giant Diageo is in better spirits about the tariff situation. For more market insights and our terms and conditions, visit www.devonfunds.co.n...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about what we can expect from US/China trade discussions. He also looks at the tailwinds that the trade war is creating for airlines, along with the headwinds for energy companies including BP which now appears vulnerable to a takeover approach. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the positive reaction to the US/UK trade deal and whether it will serve as a blueprint for others. He also discusses an encouraging trading update from the Warehouse Group and half year numbers from ANZ. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about why the latest developments on the trade front have pushed markets higher. Up for discussion as well are how tariffs are already impacting the US economy, and shaping the outlook for big tech companies such as Alphabet, which came in with a strong result. For more market insights and our terms and conditions, visit www.devo...

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about why the US has blinked first in the tariff standoff with China, with iPhones and semiconductors now exempt. He also looks at how the trade war is driving US consumer confidence lower, and why the kiwi manufacturing sector is also wary. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith discusses with ZB’s Mike Hosking how investors should react to the market meltdown caused by Trump’s tariff plan. He also looks at the prospect of a U-Turn, and how the RBNZ might react when it meets this week. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the “hard slog” being endured by kiwi consumers. He also discusses the impact of tariffs on US consumer sentiment and inflation expectations, along with how athletic wear company Lululemon is feeling the effects following its guidance downgrade. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about Nike, which had a ticking off from investors following its results. He also looks at some cause for celebration for The Warehouse Group following its earnings release, and for the two big supermarkets in Australia following the long-awaited view by the inquiry. For more market insights and our terms and conditions, visit www.de...

Devon Funds Head of Retail Greg Smith talks to ZB’s Ryan Bridge about the good news on New Zealand’s latest current account read, along with why gold and silver prices are marching higher. He also discusses why the Bank of Japan has decided to pause on further rate hikes. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the impact of tariff uncertainties on US consumer sentiment which is tracking lower. He discusses the mixed news on kiwi food price inflation, and also why optimism has increased over China’s birth rate which has caused A2 Milk’s share price to soar. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the softer than expected US job numbers and the impact of Elon Musk’s DOGE initiatives. He also explains how retail giant Costco is benefitting from consumers trading down but has sounded some warnings. Also, up for discussion are some mixed economic growth numbers in Europe. For more market insights and our terms and condition...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the end of the Kiwi results season which finished on a good note. He also discusses the slight improvement in Kiwi consumer sentiment and US inflation, and what this means for the RBNZ and Fed, respectively. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about what has sparked a $1 billion fall in the value of Spark New Zealand. He also discusses some brighter news on the dairy front with Fonterra upgrading its earnings and farmgate milk forecasts. Across the Tasman, he looks at what a big takeover offer might mean for the Aussie online property advertising market. For more market in...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the surge in Airbnb’s share price and what it says about the US experiences market. He also outlines why Hermès is doing so well compared to other luxury goods peers. Back home he discusses why kiwi food prices are still on a tear. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the latest US job numbers which painted a mixed picture for the world’s largest economy. He also discusses why investors were disappointed with Amazon’s results announcement despite an earning beat. He also highlights some interesting financial facts about the Super Bowl, and why superstitious investors might be hoping for a Ka...

Devon Funds Head of Retail Greg Smith talks to ZB’s Ryan Bridge about the implications and drivers of falling net migration levels in NZ, with the “brain drain” accelerating according to the latest figures. He also discusses the contrasting fortunes of two massive European sportswear giants, along with two of the largest airlines in the US. For more market insights and our terms and conditions, vi...

Devon Funds Head of Retail Greg Smith talks to ZB’s Ryan Bridge about the long-awaited quarterly CPI print in NZ and why this cements the case for 0.75% rate reduction at the next RBNZ meeting. He also discusses the standout result from streaming giant Netflix which now has over 300 million paid subscribers. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Ryan Bridge about the positive market reaction to Donald Trump’s first set of executive orders along with a strong earnings report from a big industrial bellwether. Back home he discusses whether a lift in NZ retail card spending in December is just a blip or something more enduring. For more market insights and our terms and conditions, visit ww...

Devon Funds Head of Retail Greg Smith talks to ZB’s Ryan Bridge about the reaction to Donald Trump’s inauguration, along with some of his planned executive orders. He also outlines why Devon expects 2025 to be a big year for M&A, with plenty of chat here already, including speculation of a tie up between two mining giants, and at the other end of the scale a proposed buyout for a kiwi hotel ch...