JMI Wealth Market Update

Following the biggest OCR hike we have ever seen, Andrew Kelleher takes a look at financial markets and comments on a relatively calm response. Then he discusses the transmission of monetary policy with the review of Bloomberg’s report released yesterday, before moving onto the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

Called it. Andrew Kelleher kicks off Thursday morning with a breakdown of the OCR 75-basis point hike as predicted, and comments that interest rates are going to be higher sooner, and higher for longer. Next, why are airlines seats so expensive? A look at Qantas’ profit upgrades could be telling. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

What will it be, 50 or 75 basis points today? Andrew Kelleher discusses the upcoming release of the Monetary Policy Statement with his guess being a 75 basis point move. Next, he covers the figures from the Merchandise Trade data set, commenting that the nation is importing far more than we are exporting with an October trade deficit of 2.1B. Then onto the latest market figures. For more market in...

In today’s market update Andrew Kelleher covers everything apart from football as he kicks off his discussion on the World Cup. He unpacks the figures to report 2022 as the most expense ever spent on a World Cup, coming in at 15x more than Russia spent in 2018. Next, he touches on NZ Credit Card spending and balance data before moving onto market figures. For more market insights and for our terms...

The Producer Price Index numbers were released with some interesting results, but why is Andrew Kelleher suggesting we hold off calls of profiteering? Then, Countdown employees are getting a 19% pay rise, but in this economic environment, how is the company funding it? Lastly, we hear the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

Andrew Kelleher discusses the cautiously optimistic results announced yesterday from KMD Brands and Napier Port and the hard to escape topics of inflation and interest rates. Lastly, he runs through the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

Is the cycle broken? The Global Dairy Trade index hosted a 2.4% gain overnight but is this enough to call a trend? Next, Andrew Kelleher unpacks the housing price numbers from the recent REINZ report before touching on the migration numbers as they start to increase. Then onto the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

What should Mike Hosking do with his dodge coin? Andrew Kelleher suggests maybe Elon has some time between Twitter, SpaceX and Tesla to answer that. They also discuss the services sector data, which seems to show economic activity might be softening, before running through the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

There’s plenty to cover this morning as the RBNZ has reviewed their monetary policy from 2017 to mid-2022, what are the findings? Then, US markets are stratospherically higher, hear more on this and the other market movements from Andrew Kelleher. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

It seems that no matter where we look for evidence that interest rate rises are having an impact on household spending, we’re just not finding it. Statistics NZ released their electronic card data and the results are unexpected, but solid. Then, the crypto currency market is proved volatile once again before we move on to the latest market figures. For more market insights and for our terms and co...

At what stage does inflation fatigue set in? Well, if it hasn’t already, the reserve bank released results from their survey of expectations for inflation. Then, what does the outcome of the US mid terms mean for markets? Lastly, Andrew Kelleher runs us through what is currently a sea of green for the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwe...

Why do we need to be careful with comments on bank profits after yesterday’s announcement from Westpac? Andrew Kelleher has said it before, “capital flows to where it is welcome and stays where it is treated well”. Next, views on the US economy are not in a good place with only 19% of people thinking the economy is heading in the right direction. Lastly, we hear the latest market figures. For more...

The US Federal Reserve announced a 75 basis point hike in interest rates. Jerome Powell urged the market to focus on the end goal with inflation, a tight labour market, and cost of living pressures still very much a problem. Then, after contending with reduced demand from the Chinese market, A2 Milk has finally received approval to sell in the US. For more market insights and for our terms and con...

The Household Labour Force Survey results released yesterday provided confirmation of a very tight labour market. This was coupled with the release of the Financial Stability Report which outlined the risk for households with rising interest rates. What does this mean for markets? Andrew Kelleher provides the latest market data. For more market insights and for our terms and conditions, visit www....

Andrew Kelleher discusses the latest data from the Global Dairy Trade auction which has made for an ugly morning. Next, he explains that while everything is telling us that residential construction will soften, none of this is flowing into building consent data. Lastly, we hear the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

The battle lines have been drawn and monetary policy has its armour on, Andrew Kelleher discusses the big week ahead. The RBNZ is currently reviewing their monetary policy committee remit, and some interesting points have been made in Treasury’s advice to Grant Robertson. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

Welcome to Friday morning where Andrew Kelleher discusses the outcomes from the latest Fletcher Building annual meeting, and comments on the small uplift on their 2023 financial year guidance for profit. Next, he takes a look at the dip for big tech across the globe and weighs up the metaverse lifestyle, before moving onto market figures for today. For more market insights and for our terms and co...

Capital travels to where it is needed, but it stays where it is welcome. This Thursday morning Andrew Kelleher discusses the results from the ANZ Business Outlook survey, and comments on businesses feeling much more negative than their actual own activity indicates. Lastly we hear the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

Auckland International Airport is making a stronger than expected rebound after business more or less came to a grinding halt during the pandemic. Andrew Kelleher then discusses the tough year it’s been for markets, when will it end? For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz  

Andrew Kelleher discusses British politics this morning, which is a bit like watching a reality TV series. Back home, he discusses the movement in wholesale interest rates and why mortgage rates have no where to go but up. Lastly, we hear the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

In amongst a quiet week of local data we got a red flag from our Balance of Trade results for the month. Then, if we thought Evergrande was bad, there’s worse news for Russia. Lastly, have a listen to the latest market data. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

This morning Andrew Kelleher discusses how we’re all out and about doing more, tourists are back (albeit in small numbers), and the result is strength in our services sector. This supports what is likely to be a mildly positive result for our third quarter GDP read. Then, there was some positive news from Tower before we hear the latest market figures. For more market insights and for our terms an...

Food glorious food is on the cards this morning with Andrew Kelleher. Then, he discusses the highest increase in the US core CPI since August 1982 and the baffling market reaction. Lastly, we hear the latest market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

This morning Andrew Kelleher discusses what he thinks is an orderly decline in the housing market, the question is, will it continue? Then, the borders are open, and we are leaving. Next, Andrew discusses the key takeaways from the net migration data released before moving onto today’s market figures. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz

What recession? What cost of living crisis? Andrew Kelleher discusses the latest electronic card spending data and the ANZ Truckometer, and what it says about the economic outlook for New Zealand. For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz