JMI Wealth Market Update

Movement is happening across the board as the Global Dairy Trade auction falls 0.9% and JMI Wealth Director Andrew Kelleher comments on the difficulty for the index to string a series of positive results. He then looks at the RBA’s OCR lift and forewarning that rates could go higher as inflation expectations aren’t falling. Lastly, he touches on the significant loss for EBOS as they lose major cli...

Welcome to Tuesday’s Mike Hosking Breakfast show, where JMI Wealth Director Andrew Kelleher focuses in on the oil markets following the OPEC+ meeting in Vienna. What will the announcements from this meeting mean for countries trying to get a handle on inflation? Next, he casts his gaze over the Tasman to the RBA as they reassess their cash rate later today and keeps an eye on the Chinese market as...

JMI Wealth Director Andrew Kelleher unpacks Michael Hill’s recent trading update to discuss the acquisition of Bevilles Jewellers, the challenges faced with New Zealand’s weather events and resurgence of security incidents. Hear on this and Andrew’s thoughts on the US Debt Ceiling outcome as it moves from the House of Representatives to the Senate. For more market insights and for our terms and co...

Discover the latest insights on the Australasian business landscape with Andrew Kelleher's expert analysis, brought to you by JMI Wealth. Tune in to stay informed on the 13-point rise in business confidence from the ANZ Business Outlook, the 6.8% increase in the Australian April Consumer Price Index report, and the latest market figures. For more market insights and for our terms and condition...

The hot topic this morning is property as Andrew Kelleher unpacks the Stats NZ building consents report and comments on the numbers decreasing at quite a pace, as April’s monthly figure comes in 26% lower than April 2022. Next, he reviews the ANZ Property Focus as the company is ‘calling a bottom’, so is this a green light for home owners and buyers? For more market insights and for our terms and...

Welcome to Tuesday morning where Andrew Kelleher reviews the April NZ Employment Indicators report and comments on the robust 3.8% figure being the highest since January 2022, despite signs of a slowing economy. Next, he unpacks the US Debt Ceiling situation as they stand by for Congress’ vote, before moving onto market figures. For more market insights and for our terms and conditions, visit  www...

Welcome to Friday morning where Andrew Kelleher takes a look at Mainfreight’s trading update as they report the 13th year of increasing revenue. Next, he unpacks Tower’s half year results as they face a 3.3M loss with the major weather events playing a key role in this outcome. Lastly, onto the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co...

A surprise outcome from the RBNZ yesterday as they raise the official cash rate to 5.5%. Andrew Kelleher reviews the announcement and comments that a positive development has been the Monetary Policy committee’s recognition of signals indicating weakness in the economy, and pressures on business. Lastly, he touches on Governor Orr’s statement to encourage all Kiwi’s to get inflation lower before m...

It’s a big day today as Andrew Kelleher discusses the two RBNZ decisions happening with the OCR and Monetary Policy Statement. Next, he touches on the ANZ Truckometer report and comments on how it may be indicating a slowing economy. Then onto market figures. For more market insights and for our terms and conditions, visit  www.jmiwealth.co.nz

Andrew Kelleher kicks off Tuesday morning with local results and announcements as he dives into results from Kiwi Property Group, Infratil and AFT. Next, he looks at Sanford’s plans to exit the inshore fishing business and concentrate on salmon and muscles. Lastly he covers the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

Welcome to Friday morning and an exciting one at that as Andrew Kelleher reviews yesterday’s release of the government’s annual budget. He comments that after 37 years of reviewing budgets this forecast can be seen as inflationary, stimulatory and mischievous. Listen to the full commentary to find out more. For more market insights and for our terms and conditions, visit  www.jmiwealth.co.nz

It’s budget day so what do we expect? Andrew Kelleher discusses the upcoming budget announcement set to release at 2pm today. Next, he touches on the situation with Argosy Property following the release of their results before moving onto today’s market figures. For more market insights and for our terms and conditions, visit  www.jmiwealth.co.nz

After two consecutive auctions with positive price movements, The Global Dairy Trade Index falls again with a 0.9% drop overnight. Next, Andrew Kelleher looks at the passenger numbers from Auckland International Airport’s report and comments on total numbers being at 80% of pre Covid levels. Then he discusses Westpac’s new Chief Economist before moving onto the latest market figures. For more mark...

The services sector has been resilient but is it under threat? Andrew Kelleher talks to Mike Hosking on the recent results from the BNZ Business NZ Performance of Services Index as it drops under 50 for the first time since February 2022. Next, he discusses the situation around US debt ceiling and comments that it is inconceivable that a deal won’t be worked out. Then onto market figures. For more...

Is it a green shoot? Andrew Kelleher reviews the housing data released by REINZ yesterday and reports the market looks to be stabilising, as housing value nation wide has dropped 12%. Next, there’s no relief in food price inflation as we are at 12.5% and he touches on US inflation figures before moving onto the latest market figures. For more market insights and for our terms and conditions, visit...

As companies report their results Andrew Kelleher highlights the language he’s starting to see many companies use as clear evidence of the slowing economy can be seen. Next, he touches on Steel and Tube’s trading update and the unfortunate situation for Allbirds. Lastly, he looks at the recent US inflation number and comments on the April CPI figure being the first time it’s been under 5% for two...

It’s a morning about numbers as Andrew Kelleher reviews yesterday’s release of the Electronic Card Spending Data which looks resilient with retail spending rising 0.7%. Next, he looks into Government accounts to the end of March and comments on there being clear evidence of a slowing economy. Lastly onto the latest market figures. For more market insights and for our terms and conditions, visit  w...

Andrew Kelleher is back in the country and dives straight into discussing the two key themes of adverse weather events and weakening economic outlook, as companies such as Tower and Westpac announce their reports. Next, he touches on his time at the Berkshire Hathaway AGM in Omaha Nebraska transcending investing as we know it, before moving onto the latest market figures. For more market insights...

Live from New York City Andrew Kelleher talks to Mike Hosking on the FED’s decision of a 25 basis point move and awaits Jerome Powell’s press release to come later today. Next, he discusses what is going on in the US banking sector and comments that for a banking issue to be systemic, it needs to hit the big banks as well. Lastly onto market figures for today. For more market insights and for our...

Andrew Kelleher brings it back to Australasia this morning as he reviews Synlait’s big 27.1% fall and A2’s announcement as the two companies face challenging times. Next, he discusses Aussie inflation as it falls to 7% and looks at what factors could be impacting this? Lastly onto the latest market figures. For more market insights and for our terms and conditions, visit  www.jmiwealth.co.nz

It’s a big week ahead for the US as they are in the thick of first quarter earnings season results. Andrew Kelleher keeps his eye on tech companies’ earnings in particular before unpacking the situation with First Republic Bank. Then onto market figures. For more market insights and for our terms and conditions, visit  www.jmiwealth.co.nz

It is CPI day as Andrew Kelleher reviews the outcome from Stats NZ's latest report and comments on the balance between domestic versus imported inflation. Next, he looks to the US as their earnings season kicks off and zones in on Netflix’s share price and what the impact could be for their forecasted plans. Then onto market figures. For more market insights and for our terms and conditions, v...

It’s good news Wednesday as Andrew Kelleher shares the positive results of last night’s Global Dairy Trade Auction having a 3.2% lift. Next, he looks at the REINZ House Price Index and comments on the rate of decline slowing, so could we be seeing the beginning of the end? Lastly onto the latest market figures.   For more market insights and for our terms and conditions, visit  www.jmiwealth.co.nz

The direction of migration movement is undeniable so the question Andrew Kelleher considers is, what is the magnitude of this movement? In today’s market update he looks at inward migration figures and the results from BNZ’s recent Performance of Manufacturing report. Then onto the latest market figures. For more market insights and for our terms and conditions, visit  www.jmiwealth.co.nz

Andrew Kelleher spends Friday morning looking global as he reviews the unemployment figures in Australia noting the 53,000 jobs in March being well above the forecasted figure. Next, he looks at European inflation figures with Germany’s starting to ease after double digits last year. Then onto market figures. For more market insights and for our terms and conditions, visit  www.jmiwealth.co.nz