Devon Funds Management Market Update

Devon's Head of Retail Greg Smith talks to Mike Hosking about the rally in the US markets, led by Apple, which had its best session in years after its earnings report . At the other end of the spectrum he discusses why Amazon shares were under selling pressure as guidance disappointed. 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 another strong session for the US markets, the third in a row, and what is driving this. He also reviews the situation in the UK where the new PM has warned of tough times ahead, and a big locally listed bank has put through some large loan provisions. Closer to home he looks at why Ampol shares tanked despite what looked like a strong re...

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the continued rebound in US markets in recent days and what’s been driving it. He also looks at the reaction in the UK to Rishi Sunak’s impending appointment as PM. Back in Asia he looks at why Chinese markets have fallen sharply despite GDP numbers surprising on the upside. For more market insights and for our terms and condit...

Devon Head of Retail Greg Smith talks to Mike Hosking about the strength in US bank share prices at the end of last week following a flurry of results from the sector, and what this all means for the outlook. Also up for discussion are latest set of inflation numbers from China, which remain low by global standards. At home he outlines how the weather has played a part in Fonterra reducing milk co...

Devon's Head of Retail Greg Smith talks to Mike Hosking about the market's reaction to a strong US jobs report on Friday. He also discusses whether we should be concerned around a profit warning from Samsung, and whether the recent hype around cannabis stocks is justified. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith spoke to Tim Dower at Newstalk ZB about the latest hot inflation numbers in the US and Europe, and what this means for the next moves by the respective central banks. He also discusses the reaction to two results from the retail sector - Nike in the US, and the somewhat less well-known name globally in Hallenstein Glassons. For more market insights and for our terms...

Devon Head of Retail Greg Smith speaks to Mike Hosking about the heavy fall in FedEx’s share price and what this means for the broader economic outlook. He also looks at a number of better-than-expected data prints out of China. Back home he discusses whether there is any substance to the speculation that Air New Zealand and Virgin Australia’s owner have held talks about a merger between the two a...

In a week where a hot inflation number has unnerved investors, Devon Head of Retail Greg Smith spoke to Mike Hosking about a better-than-expected retail sales print in the US. He also recaps how the New Zealand economy has avoided a recession in strong fashion, and discusses the job numbers across the Tasman which may complicate matters for the RBA’s next meeting. For more market insights and for...

Devon’s Head of Retail Greg Smith speaks to Mike Hosking about the stability in US markets overnight and looks at the reasons that global coffee chain Starbucks is surging higher. He also discusses some good news on the inflationary front in the UK, and a strong result from pandemic beneficiary Briscoes back home. For more market insights and for our terms and conditions, visit www.devonfunds.co.n...

Greg Smith talks to Mike Hosking about the implications of a hot inflation print in the US which has driven a market sell-off. He also discusses the soaring price of food in NZ, with a silver lining for our exporters, and breezes through Mercury's plans for a wind farm near Gore. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon's Head of Retail Greg Smith talks to Mike Hosking about falling inflation expectations in the US. He also discusses the tepid growth rate in the UK economy which faces a heavy cost from the Queen's funeral but some assistance from initiatives being put through by new PM Liz Truss. Back in NZ, Greg discusses the 'baby steps' that have been taken in the renewal of A2's infant milk product regi...

Devon’s Head of Retail Greg Smith talks to Mike Hosking about some encouraging news from China, where inflation has eased significantly. He also looks at the reasons behind Fonterra’s earnings guidance upgrade, and why kiwi card spending has hit a record, despite falling fuel prices. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon’s Head of Retail Greg Smith speaks with Mike Hosking about the latest jobs report in the US, and what it means for markets. He also discusses what to expect from a couple of big central bank meetings this week with both the ECB and RBA set to make rate decisions. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon's Head of Retail Greg Smith talks to Mike Hosking about the sell-off in US markets on Friday following Jerome Powell's speech at Jackson Hole. Back home he delves into results from Port of Tauranga, which has been doing well, and could be doing even better if the port extension wasn't being held back by government red-tape. Greg also discusses the significance of a drop in the forecast milk...

Devon Head of Retail Greg Smith speaks to Mike Hosking about Warren Buffett’s latest acquisition, with plans to buy up to 50% of a major energy player. Back home he delves into an earnings downgrade from Fisher & Paykel Healthcare, along with a strong set of results from stock exchange operator NZX. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith discusses why something has to give in China following the latest weak economic data prints. He also looks at the start of the kiwi earnings season with well-received numbers from Contact which is leading the country’s decarbonisation drive. Across the Tasman he delves into how JB Hi-Fi, and another pandemic beneficiary, are faring. For more market insights and for...

Devon Head of Retail Greg Smith talks to Mike Hosking about another data print which suggests that inflation has peaked. Much of this has to do with falling energy prices. On that note he also looks at results from Saudi Aramco which has delivered the biggest quarterly profit of any company globally. Back home Greg discusses a billion dollar deal in the life insurance sector. For more market insig...

Devon Head of Retail Greg Smith talks to Mike Hosking about yet more evidence that inflation is heading down in the US, with the latest wholesale price index. He also recaps on a ‘wonderful’ set of results from Disney, with streaming numbers charging ahead. Across the Tasman he discusses results from Telstra which look to be a great swansong to outgoing CEO Andy Penn. For more market insights and...

Devon Head of Retail Greg Smith talks to Mike Hosking about the latest red-hot jobs numbers in the US and what this says about a US economy that is allegedly in recession. He also covers Warren Buffett’s view on the June quarter’s volatility following Berkshire Hathaway’s results. Also up for discussion is China, which has come in with a record trade surplus, with exports trouncing expectations. F...

Devon Head of Retail Greg Smith talks to Mike Hosking about the huge rebound in US markets in July. A strong earnings season has been one of the drivers, with Amazon and Apple the latest big tech companies to come in ahead of expectations. Up for discussion as well is the European economy, with the latest growth forecasts coming in way above forecasts. What recession? For more market insights and...

Greg Smith spoke with ZB’s Tim Dower about a strong set of earnings numbers from Citigroup, which saw US banking stocks rally. He also looks at the implications of a massive deal in the Australasian banking sector with ANZ buying the banking assets of Suncorp. Greg also discusses the implications of a worse than expected slowdown in the Chinese economy last quarter. For more market insights and fo...

Devon Head of Retail Greg Smith discusses with Mike Hosking the significance of strong jobs numbers out in the US on Friday. He also looks at where the Elon Musk/Twitter saga is going after the world's richest man backed away from the takeover deal. Back home he gives his view on the likely OCR rise from the RBNZ this week. For more market insights and for our terms and conditions, visit www....

Devon Head of Retail Greg Smith speaks with Mike Hosking about the drivers behind the surge on Wall Street on Friday, and over the course of last week. He also discusses a strong result from FedEx which provided a ray of light for a number of industries. On another front he recaps a prediction that 100% of car sales will be EVs within the next 18 years, the forecast ironically coming from ExxonMob...

Devon’s Head of Retail Greg Smith talks to Mike Hosking about what drove a slight lift in US markets on Friday. He also looks at the recent policy decision by the Bank of Japan which is bucking the central bank tightening trend. Greg also discusses crypto markets which have gone into melt-down. 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 Tim Dower about the market reaction to hotter than expected CPI numbers out of the US. He also discusses a well-known cosmetics giant which is on the brink of bankruptcy, and why Air New Zealand shares continue to lose altitude despite improved earnings guidance. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz