JMI Wealth Market Update

JMI Wealth Director Andrew Kelleher discusses the good news for NZ, retaining its AAA credit rating despite the Fitch US credit rating position. What does this mean for New Zealand? Next, he remarks on the development across the Tasman with a trade surplus of 11.3 billion despite imports falling and retail sales declining. Listen to the full commentary below to hear Andrew’s views. For more market...

JMI Wealth Director Andrew Kelleher discusses wages and jobs after Statistics NZ released the latest quarterly labour market data. Employment growth and the unemployment rate slightly higher plus wages rise by 1.1% being lower than expected by the RBNZ.  Next, he suggests to watch the US space as Fitch lowers the US government credit rating from a pristine AAA to AA+.  Tune in to listen to the ful...

JMI Wealth Director Andrew Kelleher discusses the Global Dairy Trade Auction, highlighting the position of butter milk powder and lower global dairy prices. Is China contributing to the falling prices? Next, he talks about the RBA Interest Rates decision. Listen to the full commentary below to hear Andrew’s views.  For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

Has business confidence lifted? JMI Wealth Director Andrew Kelleher reviews the recently released figures from ANZ’s Business Outlook.  Next, he touches on China’s manufacturing sector still contracting. He also comments on the Australian export report published last week and notes there is some good news where New Zealand is exporting more dollars’ worth of wine than Australia. For more market in...

JMI Wealth Director Andrew Kelleher discusses the impact of US GDP surpassing expectations and its significance to us. He also shares insights on Ryman and Mainfreight's share falls, with Mainfreight implementing a hiring freeze while Ryman remains cautious about market conditions. Tune in for more details. For more market insights and our terms and conditions, visit  ⁠www.jmiwealth.co.nz⁠

Steady as she goes for the Reserve Bank.  JMI Wealth Director Andrew Kelleher does a deep dive on the continued pause of the official cash rate (OCR).  Next, in addition to the excitement of the OCR review, he takes listeners through the recent migration and tourism numbers.  Listen to the full commentary below to hear Andrew’s analysis.  For more market insights and our terms and conditions, visi...

Do you believe the official cash rate (OCR) will change today? JMI Wealth Director Andrew Kelleher makes comments in anticipation of the Reserve Bank’s update today and discusses what supports his thoughts on the OCR forecast.  Next, he unpacks the recently released data from Australian Bureau of Statistics’ Monthly Household Spending Indicator. Listen to the full commentary below. For more market...

Some interesting acquisition news as JMI Wealth Director Andrew Kelleher discusses Infratil entering into a conditional agreement with a company called HKT Limited in Hong Kong. Next, he makes mention of his commitment to keep an eye on China data as it is pivotal in our existing trade agreement and important to our ongoing recovery from COVID. Listen to the full market update to learn more about...

Are payroll numbers at pre-pandemic levels? JMI Wealth Director Andrew Kelleher reviews the figures from Nonfarm Payrolls (NFP) reported by the US Bureau of Labor Statistics.  Next, he unpacks pricing in interest rates markets commenting that for the general population this is a second round of mortgage pain. Listen to the full commentary below to hear Andrew’s analysis. For more market insights a...

It’s a good news Friday as JMI Wealth Director Andrew Kelleher shares some positives to lift us into the weekend! He discusses the 100% plus rise in share price for biotech company Pacific Edge, and the profit upgrades for NZX listed company Vista, as their new Chief Executive makes plans to streamline the organisation. Tune in to hear more on these positive outcomes! For more market insights and...

We are following the money this morning, as JMI Wealth Director Andrew Kelleher reviews the government accounts and comments on the tax take being lower than expected by a reasonably material amount. Next, he unpacks the situation around the current account deficit and outlines what Kiwis can do to improve the current terrain. Listen to the full market update to learn more. For more market insight...

Welcome to Wednesday morning as Andrew Kelleher discusses the situation around the Global Dairy Trade auction as the index falls 3.3% overnight. Next, he unpacks the data points from the Quarterly Survey of Business Opinion and comments that it may indicate little need for the Reserve Bank to move the OCR. Lastly, he touches on the RBA’s decision to leave rates unchanged before covering the latest...

JMI Wealth Director Andrew Kelleher weighs in on building consents this morning as the figures that were initially quite resilient, have now started to slow down. What’s going on across the Tasman as a different story seems to be playing out with building approvals up 20.6%! Lastly, Andrew keeps an eye on the economic data coming from China, as the Official Purchasing Managers Index indicates cont...

Some positive news for Monday morning as JMI Wealth Director Andrew Kelleher discusses the latest print from the PCE index rising 0.1%, the slowest pace of monthly increases in more than two years! Next, he gives listeners a market scorecard for the first six months of the year commenting that it’s been a good year for tech and AI. Listen to the full commentary below to hear Andrew’s analysis. For...

JMI Wealth Director Andrew Kelleher brings us some positive news as the data from the ANZ Business Outlook supports a shallow recession. With expected business activity lifting into positive territory, can we be cautiously optimistic? He then unpacks US data released overnight indicating a robust job market and significant price movement in the bond market. Tune in for the full update below. For m...

It’s a morning of data across Australasia as Andrew Kelleher looks at Stats NZ’s monthly employment indicators, and comments that it supports yesterday’s view of the labour market. He then reports on some good news for Australian inflation as the monthly CPI falls to 5.6%, and the speculation around the Queen of pop Taylor Swift’s concert announcement being a factor in lifting Australian consumer...

Has the job market turned? JMI Wealth Director Andrew Kelleher reviews the figures from the Westpac McDermott Miller Consumer Confidence index and comments that although employment confidence has fallen, the market is only cooling a little. Next, he unpacks the strong data from the US overnight and discusses the main factor influencing the carbon market. Listen to the full market update to learn m...

What does the outlook look like for NZX listed company Fletcher Building? JMI Wealth Director Andrew Kelleher reviews the outcomes of yesterday’s investor day as their profit guidance earnings forecast drops down to 800M, and their Tauranga plant begins production trials. In the horticulture sector, he unpacks Seeka’s guidance report as it shows clear evidence of tough times for the produce provid...

It’s not often we see this type of movement in the Global Dairy Trade space as JMI Wealth Director Andrew Kelleher reports a no change outcome of the index, but can China’s demand shift the dial? He then unpacks the figures from the Westpac McDermott Miller Consumer Confidence survey as the headline reads ‘a little less glum but still gloomy’ as households remain deeply pessimistic about the econo...

JMI Wealth Director Andrew Kelleher unveils GDP data indicating that we are in a technical recession with record low levels of employment, with businesses feeling their margins getting squeezed and profitability being affected. Next, he shares insights from REINZ data indicating the housing index dipping over the last 12 months, while having early signs of returning confidence as sales volume star...

Breaking news! JMI Wealth Director Andrew Kelleher reveals that the Fed is pausing interest rate hikes and signalling two more likely increases this year to fight inflation. He also explores the narrowing New Zealand Current Account deficit and the insights around this. Tune in and hear the full commentary to learn more. For more market insights and our terms and conditions, visit  www.jmiwealth.c...

JMI Wealth Director Andrew Kelleher reveals the impact of the sharp drop in April's migration numbers revealed by Stats New Zealand. Next, he shares insights on People's Bank of China unexpectedly implementing policy rate cuts ahead of addressing key policy rates later this week. Stay tuned for more valuable market updates. For more market insights and for our terms and conditions, visit w...

Exciting news for investors as the Bull Market is back! JMI Wealth Director Andrew Kelleher discusses the resurgent share market and the benefit of global exposure. Next, he delves into Stats New Zealand's electronic card transaction data revealing reduced spending and indicating a slowing economy. Stay tuned for further updates on this captivating financial landscape. For more market insights...

JMI Wealth Director Andrew Kelleher unveils what it means for investors as the New Zealand government reveals a $7 billion operating forecast deficit! Stats NZ’s Q1 Business Financial data indicates manufacturing volumes are down as only 6 out of 14 industry classifications saw an increase in sales. Andrew keeps an eye on data coming out of China as we are seeing weaker exports and imports, more o...

Big news in the New Zealand market as JMI Wealth Director Andrew Kelleher unpacks Infratil’s acquisition of One NZ, as they are set to up their ownership to 99.9 per cent. Next, he looks into the situation for Pacific Edge Limited as their share price takes a massive hit following the loss of Medicare coverage, what will this mean for the biotech company and will they bounce back? For more market...