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Global growth will be in focus this week, with the release of flash purchasing managers’ indices for September. We’ll also get the latest PCE inflation report in the US, which is the Federal Reserve’s preferred inflation gauge. On the central banking front, a monetary policy decision is due across the Tasman, although no change is expected. The domestic economic calendar is sparse, although there is quite a bit of corporate news to follow. The retail sector will be in focus with results from Kathmandu and The Warehouse, while Fonterra is also scheduled to deliver its latest earnings release.
The final RBNz meeting of 2024 is on Wednesday. Markets expect another 50-basis point cut, but could the RBNZ go bigger or smaller? We'll also get the retail sales report for the September quarter, and the latest monthly ANZ Business Outlook. There will be plenty to watch on the corporate front...
Published 11/23/24
There’s a lot of excitement out there amongst borrowers, particularly those with a mortgage renewal coming up. The message boards are full of people speculating on how low rates will go, and strategizing how to play it for maximum advantage. While the optimism is justified, some caution applies...
Published 11/19/24