Devon Funds Management Market Update

Devon Funds Head of Retail Greg Smith talks to ZB’s Ryan Bridge about whether there are any positives takeaways from the latest print on the kiwi manufacturing sector which has been in contraction for 22 consecutive months. He also discusses why US markets are embracing the return of Donald Trump and why one of the incoming President’s first decisions could be highly relevant to a widely used soci...

Devon Funds Head of Retail Greg Smith talks to ZB’s Heather du Plessis-Allan about what the RBNZ should do given the latest GDP figures which show the NZ economy is in the deepest recession in over 30 years. He contrasts NZ’s plight with the situation in the US where the economy is growing strongly, and the Fed have flagged a smaller number of rate cuts next year. For more market insights and our...

Devon Funds Head of Retail Greg Smith talks to ZB’s Heather du Plessis-Allan about the latest prints on kiwi consumer confidence and the current account, which have improved on both fronts. He also discusses the drivers of a potentially huge merger in the auto sector. 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 Heather du Plessis-Allan about the latest economic data out of China which suggests that further stimulus is needed. He also looks at the common themes emerging from various prints from across the globe on the manufacturing and services sectors. 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 Heather du Plessis-Allan about the latest net migration figures which show the “brain drain” of kiwis heading offshore is continuing at pace. He also discusses the latest US technology company to breach the US$1 trillion market capitalisation threshold and the implications of weak economic data for the Bank of England’s rate decision this week. F...

Devon Funds Head of Retail Greg Smith talks to ZB’s Heather du Plessis-Allan about the implications of a very strong jobs report in the US and solid economic data out of Europe. He also discusses the latest retailer in the US to jump higher following a positive earnings surprise. 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 why investors are rushing to onboard Auckland airport shares, with the council putting its remaining holding up for sale. He also discusses the latest read on the Aussie economy which is being propped up by government spending. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to Mike Hosking about a pickup in US jobs openings and what that means for the soft economic landing narrative. He also discusses the latest legal decision over Elon Musk’s super-sized pay deal, and some more positive news for the kiwi dairy industry. 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 building consents numbers in NZ which were very weak and in stark contrast to those across the Tasman. He also looks at what strong Aussie retail sales data means for the proximity of RBA rate cuts and runs through a swathe of PMI prints, including a very encouraging read on the manufacturing sector in China. For mor...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about what has driven a pick-up in kiwi consumer confidence and whether this is all about interest rate cuts. He also looks at what Black Friday sales are saying about the state of the US consumer. 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 positives and negatives from the latest ANZ business Outlook. He also discusses a record result from Fisher & Paykel Healthcare and an underwhelming one from Ryman. 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 markets reacted so positively to the RBNZ’s rate decision, despite officials passing on the opportunity to cut rates by more than 0.5%. He also discusses whether the latest US inflation figures will impact the Fed’s rate cutting timeline. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith outlines the case to ZB’s Mike Hosking about why the RBNZ should side with a 0.75% rate cut at today’s meeting. He also looks at the implications of Donald Trump’s post about increasing tariffs even further for imports from America’s three largest trading partners. 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 reaction to Air New Zealand’s earnings downgrade and whether there is any brightness on the horizon. He also discusses a rather flat retail sales print but better news on the trade front, especially for the kiwifruit exporters! 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 drove an 18% surge in A2 Milk’s share price. He also discusses why Gap shares are coming back into fashion with investors and what a major US consumer survey says about the outlook for inflation under a Trump Presidency. 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 impact of a strong retail sales print in the US, and in China where the data has been mixed otherwise. He also discusses the reality check provided by the latest survey on the kiwi manufacturing sector which has now been in contraction for 20 months. For more market insights and our terms and conditions, visit www.devonfund...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the overwhelmingly positive reaction of US stock markets to the election result and why things might be about to get ‘spicy’ at the Fed. He also looks at how the Kiwi market reacted, along with two interesting updates from the retail sector, and outlines why markets were disappointed by China’s US$1.4 trillion stimulus package....

Devon Funds Head of Retail Greg Smith speaks to ZB’s Mike Hosking about why the markets reacted positively to a very weak jobs report. He also discusses the latest batch of earnings from the tech sector, with Amazon and Intel impressing, while Apple fell flat with investors. Back home he looks at the latest housing consent numbers which show some green shoots appearing. For more market insights an...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about what drove the huge rally in Tesla shares, and discusses results from economic bellwether UPS. He also dissects a speech made by RBNZ Governor Adrian Orr to see whether the probability has increased of a 0.75% rate cut in November. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to Mike Hosking about what we learned from earnings reports from Coca-Cola, Starbucks and Boeing. He also looks at why Tokyo Metro, Japan’s largest IPO in six years, acted more like a bullet train, jumping 45% on debut. Back home he picks through the takeaways from four AGM’s, with Freightways being one of the clear highlights. For more market insights a...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the strong, AI-fuelled, results from software giant SAP as well as better than expected numbers from bellwethers General Motors and 3M. He also looks at what drove some very positive news on the NZ trade front, with September’s deficit narrowing, and exports the second highest ever recorded. For more market insights and our ter...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the growing awareness around the role nuclear energy can play as part of the energy transition, and as evidenced by recent moves by big tech. He also discusses why the trading update from Genesis Energy highlighted some issues with New Zealand’s own energy security. For more market insights and our terms and conditions, visit w...

Devon Funds Head of Retail Greg Smith discusses with ZB’s Mike Hosking why numbers from Netflix made for such great viewing. He also looks at the eye-watering levels of US debt and the positives and negatives from China’s latest data dump. 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 strong start to the US earnings season as well as some good news on inflation. Not such good news for Tesla with disappointment around the robotaxi event. Back home, Greg also discusses the reasons for fading migration tailwinds and the ongoing kiwi "brain drain." For more market insights and our terms and conditions, visit...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the knockout jobs numbers in the US, and what it means for size of the Fed’s next move. He also outlines why the RBNZ should consider a 0.75% cut at their meeting this week to deliver the real bazooka that the kiwi economy needs. For more market insights and our terms and conditions, visit www.devonfunds.co.nz