Devon Funds Management Market Update

Devon Head of Retail Greg Smith talks to Mike Hosking about the excitement around this week's listing of chip firm Arm, the biggest IPO in nearly two years, and whether AI is worth all the hype. On the inflation front, he looks at the differing experiences in China, the world's second-largest economy, and Germany, the so-called "sick man of Europe." For more market insights and f...

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the stronger than expected jobs numbers out of the US, along with robust numbers and forecasts from IT bellwether Dell, and yoga pants maker Lululemon. Back home he discusses a pick-up in kiwi consumer confidence numbers, albeit just, and from very low levels. For more market insights and for our terms and conditions, visit www.devon...

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about Fed Chair Jerome Powell’s speech from Jackson Hole and why the market traction was so positive. Back home he looks at a resilient result from Port of Tauranga, and how jeweller Michael Hill is polishing its exposure to the retail diamond market. For more market insights and for 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 Fonterra’s latest downgrade to the forecast milk payout. On a brighter note, he discusses results from Spark New Zealand with the telco’s mobile business the standout, and further growth coming from the rollout of 5G coverage. Listen to the full commentary below to hear Greg's views. For more market insights and for...

Devon Head of Retail Greg Smith talks to Mike Hosking about the good news forthcoming from Fonterra as well as on fruit and vege prices which are now falling without any government assistance. Offshore he discusses the latest consumer confidence numbers out of the US, and why there is cause to cheer for the UK economy. Listen to the full commentary below to hear Greg's views. For more market i...

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the latest jobs numbers out of the US which were below expectations. He also provides his view on whether we should be worried about the downgrade by Fonterra to the forecast milk payout. Listen to the full commentary below to hear Greg’s views. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon's Head of Retail, Greg Smith, talks to ZB’s Mike Hosking about what is driving the Dow, which has risen for 13 sessions in a row, the longest winning streak in 1987. The Fed raised rates as expected while US earnings continue to be robust. Also up for discussion is engine maker Rolls Royce whose shares have surged 20%. Closer to home, he considers whether softer-than-expected Aussie infl...

Devon's Head of Retail, Greg Smith, talks to ZB’s Mike Hosking about US consumer confidence, which has hit the highest level in two years. He also discusses China’s latest commitment to support its economy, and the implications for the mining sector and the world economy generally. Up for consideration as well are the takeaways from the stellar results announced by LVMH, the world’s largest lu...

Devon's Head of Retail, Greg Smith, talks to ZB's Mike Hosking about Elon Musk rebranding Twitter as X, and discusses the energy sector which has driven the Dow higher for the 11th consecutive session. He also looks at what drove a surprise NZ trade surplus in June. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon's Head of Retail, Greg Smith, talks to ZB's Mike Hosking about results from American Express which unimpressed investors despite management noting that the company was firing on all cylinders. He also discusses what to make of 'Barbenheimer', with 'Barbie' and 'Oppenheimer' collectively smashing box office records on their opening weekends. For more market ins...

Devon's Head of Retail, Greg Smith, talks to Mike Hosking about Tesla’s results, with the company selling plenty of EV’s, but cutting prices to do so. He also reviews results from Netflix which has been able to engineer renewed subscriber growth following a global crack-down on password sharing. Both stocks fell heavily but are up strongly year to date. For more market insights and our terms a...

Devon's Head of Retail Greg Smith talks to ZB’s Mike Hosking about his take on the latest inflation print in NZ, which has fallen sharply at the headline level, but while domestically driven inflation remains persistent. He also discusses the differing market reactions to falling inflation numbers in the UK and Europe. For more market insights and our terms and conditions, visit www.devonfunds...

Devon's Greg Smith talks to ZB's Mike Hosking about what softer than expected US retail sales data, but better than expected earnings from two big banks, mean for the world's largest economy. Back home he discusses the key takeaways of the bid for Metro Performance Glass which has been rejected by the company's Board. For more market insights and our terms and conditions, visit www...

Devon Head of Retail Greg Smith talks to Mike Hosking about the state of the global manufacturing sector which is in contraction mode, while the economic impacts are being offset by a strong services sector. He also looks at why Big Tech are backing a call to invest more in India, and touches on inflation numbers which are continuing to fall across Asia. For more market insights and for our terms...

Devon Head of Retail Greg Smith talks to Mike Hosking about why the Bank of England has put through a jumbo rate hike, in a decision which has surprised many. He also discusses kiwi credit card spending patterns, which are moderating at home, but flying higher abroad. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to Mike Hosking about why US consumers are feeling more upbeat according to a key survey. He also covers off investor reaction to Virgin Galactic's announcement that space tourism is imminent with the first commercial flight set to take off next week. In what was a busy week for central banks, he discusses why the Bank of Japan is playing it so cool. For m...

Devon Head of Retail Greg Smith talks to Mike Hosking about the week ahead, mapping out what will be a big few days for central banks, with decisions due in the US, Europe and Japan. Back home he looks at the prospect for NZ avoiding a technical recession when March GDP numbers come out on Thursday. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith speaks to Mike Hosking about the relief that investors will be feeling with news that US debt ceiling negotiations have finally yielded an in-principle agreement over the weekend. Back home he discusses what to make of Fisher and Paykel Healthcare, which sold off following its results, as the business normalises post Covid, but as some very strong growth drivers rem...

Devon Head of Retail Greg Smith, talks to Mike Hosking about the surge in Ryman’s share price following full year results from the retirement care operator. He also discusses whether we should be concerned about the lack of resolution on the US debt ceiling, with the ‘X date’ of June 1 fast approaching.  For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith speaks to Mike Hosking about a better-than-expected sales update from The Warehouse, which highlighted the wider spending shifts in the NZ economy. He also discusses a turnaround in annual net migration, with gains driven by arrivals of non-NZ citizens, with kiwis leaving at the highest rate since 2013. Elsewhere, with a “remerger” now off the table, he looks...

Devon Funds Head of Retail Greg Smith talks to ZB’s Tim Dower about the US jobs numbers which came in much better than expected. He also discusses a very strong result from Apple, which was driven by robust iPhone sales, further allaying any concerns over the US consumer, a key economic growth engine. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to Mike Hosking about what can be gleaned from robust half-year numbers from BNZ , and also the results of parent company National Australia Bank. He also discusses a fall in new home consents, and a very strong sales update from retailer Briscoes. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the surprise decision by the RBA in Australia to increase interest rates having hit the pause button last month. On this side of the Tasman, he looks ahead to the RBNZ stability report, which we have already had a sneak peak on, with the central bank acknowledging the financial pain on household and businesses from higher inter...

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the relief that has set in within the US banking sector on that announcement JP Morgan Chase is acquiring beleaguered regional lender First Republic. He also discusses the strong rebound in the global cruise ship industry following numbers from Norwegian Cruise Lines. Back home, Greg looks at the latest cost of living indices, which...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about what to make of the latest results from big US companies, Amazon, Intel and Exxon Mobil. He also discusses what two key US inflation prints mean ahead of this week’s Fed decision on interest rates. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz