JMI Wealth Market Update

JMI Wealth Director Andrew Kelleher reviews the Federal Reserve's decision regarding interest rates and explores its implications for current markets. He also covers the ANZ Business Outlook survey released yesterday, which provided a forward-looking forecast and a notable increase in business confidence for July. Then, onto market figures. For more market insights and our terms and conditions...

JMI Wealth Director Andrew Kelleher discusses the upcoming economic announcements and central bank releases expected over the next few days which are anticipated to generate market volatility, especially in the U.S. markets. He also examines Air New Zealand’s recent decision to abandon its 2030 carbon emissions target, marking it as one of the first major airlines to do so. Then, onto market figur...

JMI Wealth Director Andrew Kelleher discusses the employment indicators from Stats NZ, which revealed that the number of seasonally adjusted filled jobs fell in June 2024. Next, he covers Fletcher Building and the current mechanical issue affecting their coastal cement carrier, and the impact this has had on the company’s share price. Additionally, he addresses the lower-than-expected sales of New...

JMI Wealth Director Andrew Kelleher discusses Mainfreight and the market reaction following yesterday's trading update which revealed that despite a rise in revenue, profitability continues to face challenges. He then reviews the US markets, with notable drops in Google and other leading companies and talk around investor rotation in tech stocks with possible implications on the "Magnific...

JMI Wealth Director Andrew Kelleher reviews the Q2 earnings within the US market, highlighting the strong performance of stock indexes compared to the NZX. He also discusses Google's parent company, Alphabet, which reported exceptional results exceeding analyst forecasts on earnings per share. Additionally, he comments on the rollercoaster share price of Tesla and its lower-than-expected earni...

JMI Wealth Director Andrew Kelleher discusses the latest updates from The Warehouse Group, as Australian equity firm Adamantem Capital Partners enters into acquisition talks for the company with support from founder Sir Stephen Tindall. He also explores the market’s reaction to the Monetary Policy Review and the subsequent influence on the NZD and interest rates. Then, onto market figures. For mor...

JMI Wealth Director Andrew Kelleher provides an overview of Stonepeak’s takeover bid for the aged care company Arvida, exploring its significance for the retirement village sector. He also reports on The Warehouse Group’s recent ‘don’t sell’ announcement to shareholders, which comes in the wake of interest from founder Sir Stephen Tindall and Adamantem Capital Partners. Then, onto market figures....

JMI Wealth Director Andrew Kelleher reviews the latest Selected Price Indexes for June 2024 released by Stats NZ, examining the price changes for various goods and services. Next, he discusses the current issues facing Synlait Milk, including challenges with debt repayments and profitability. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.n...

JMI Wealth Director Andrew Kelleher examines yesterday’s announcement from the Reserve Bank of New Zealand to maintain the Official Cash Rate at 5.5% and the subsequent market reaction. He then covers the latest immigration update, highlighting the current trend and the increasing number of New Zealanders heading to Australia. Then, onto market figures. For more market insights and our terms and c...

JMI Wealth Director Andrew Kelleher discusses Australian Business Confidence and Consumer Confidence, noting an increase in consumer pessimism alongside a rise in business conditions. He also talks about the Reserve Bank of New Zealand and the Official Cash Rate (OCR) Review, exploring whether the OCR will remain unchanged or experience a shift. Then, onto market figures. For more market insights...

JMI Wealth Director Andrew Kelleher shares positive news from Contact Energy regarding Tuahara, their geothermal plant focused on increasing renewable generation and how this is expected to increase dividends. Next, he reviews the ongoing UK and French elections, discussing the political risks for financial markets and the potential for unexpected outcomes and changes. Then, onto market figures. F...

JMI Wealth Director Andrew Kelleher reviews the trading update from Summerset Group Holdings Limited, noting the company's report of record first-half sales. He also shares promising news for Infratil shareholders regarding the recent announcement for a revaluation of their CDC Datacentre investment. Additionally, he examines the ASB Household Sector Outlook released yesterday, discussing a po...

JMI Wealth Director Andrew Kelleher discusses the latest insights from Westpac NZ and Worldline NZ regarding consumer retail spending habits for the months of May and June. He also discusses which region has taken the top spot in ASB’s Economic Regional Scoreboard and the sector playing a key role in this outcome. Then onto market figures. For more market insights and our terms and conditions, vis...

JMI Wealth Director Andrew Kelleher discusses the sharp shift in the Global Dairy Trade Price Index. He also delves further into the NZIER Quarterly Survey of Business Opinion (QSBO), examining business confidence and potential adjustments to the OCR. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher examines Stats NZ’s employment indicators for May 2024, providing insights into the current job market. He also explores the latest findings from the Quarterly Survey of Business Opinion (QSBO). Additionally, Kelleher discusses the recent rise in China’s Caixin PMI and its potential impact on the Chinese economy. Then, onto market figures. For more market insigh...

JMI Wealth Director Andrew Kelleher reviews Stats NZ’s most recent overseas merchandise trade figures and discusses shifts in the wine market. Additionally, he addresses the recent data released by The Warehouse, highlighting expectations of ongoing challenging trading conditions. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher reviews the latest international data on the Service and Manufacturing sectors, comparing these findings with those from New Zealand. He also examines the recent figures provided by KMD Brands, discussing the impact on Kathmandu, Rip Curl, and Oboz. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher discusses the GDP data provided by Stats NZ for the March 2024 Quarter, delving into contributing factors and the performance of various sectors in the economy. He also examines the statistics related to GDP per capita. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher examines New Zealand's current account deficit and its implications for the country. He also addresses the recent speech made by Paul Conway from the Reserve Bank of New Zealand. Next, he reviews the latest updates regarding the carbon auction and GDP figures. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiweal...

JMI Wealth Director Andrew Kelleher discusses the increase in the Global Dairy Trade Price Index. He also talks about the newly released Westpac McDermott Miller Consumer Confidence Index and its underlying factors. Next, he reviews the recent cash rate announcement made by the Reserve Bank of Australia. Then, onto market figures. For more market insights and our terms and conditions, visit www.jm...

JMI Wealth Director Andrew Kelleher discusses the performance of the Services Sector, noting the levels in the Business NZ Performance of Services Index (PSI). On an optimistic note, he talks about Infratil's involvement in the rapidly expanding data centre industry and their plans to raise additional capital to fund the next stage of growth. Then onto market figures. For more market insights...

JMI Wealth Director Andrew Kelleher discusses outcomes from ANZ’s card spending report and makes mention of trends. Next, he touches on job ad figures for May from the BNZ/SEEK Employment Report. Then, onto market figures. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz

JMI Wealth Director Andrew Kelleher discusses the recent Federal Open Market Committee announcement and dot plot projections for 2024 and 2025. He then examines the newly released US Consumer Price Index data, evaluating whether it presents good or bad news. He also reviews migration trends, discussing the record number of New Zealanders leaving the country. Then, onto market figures. For more mar...

JMI Wealth Director Andrew Kelleher discusses New Zealand’s Truckometer and the shifts seen in both the Light and Heavy Traffic Index. Next, he shares some good news in relation to the positive profit guidance from Tower Insurance. He also talks about declining business confidence in Australia and its impact on specific sectors. Then, onto market figures. For more market insights and our terms and...

JMI Wealth Director Andrew Kelleher discusses the deceleration in card spending and analyses the latest ANZ report on merchant and card transactions, noting that the figures are not keeping pace with inflation. Next, he talks about the Federal Open Market Committee’s deliberations and the anticipated adjustments to the Fed's Fund Rate. Then, onto market figures. For more market insights and ou...