Markets, Mystics and Mayhem

It's optimism galore this week! Kiwi businesses are gritting their teeth and getting on with it. They're looking through a soft September quarter with buckets of optimism about the future. We like it.
The Government looks to be in a better financial position than was previously expected. While this may have been because of higher prices boosting its tax take, it bodes well for the fiscal outlook from here.
Bond yields around the world are marching on up. US bond yields have reached levels not seen since the Global Financial Crisis.

Hosted by Jarrod Kerr, Alexandra Turcu and Elliott Lowe. Follow our economic commentary & insights here https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/

Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.

We demystify what's happening with the Kiwi dollar, with a bit of help. We're joined by Hamish Wilkinson (Wilkie) and Adrian Lodge (Lodgey), who are two recurring guests on the podcast and both Senior Dealers in the Kiwibank Financial Markets Team. Between them, Adrian and Hamish have over 40 years of currency moves' wisdom to share.
Global interest rates are rising, and New Zealand is a small cork in a big ocean. We discuss how US and Australian central bank policy influences the Kiwi dollar.
The economic outlook is highly dependent on how well our importers and exporters can balance their books. A weak Kiwi currency is good news for tourism, but bad news for importers and for the fuel price.
We mention our latest FX Tactical, and Hamish and Adrian helped us write it. Read all our insights and theirs here.

Hosted by Jarrod Kerr, Alexandra Turcu and Elliott Lowe. Follow our economic commentary & insights here.
Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.

The New Zealand economy squeezed out 0.2% growth over the June quarter. Not a massive number, but it's good to see it being positive at all!
Construction was a key driver of growth. Consumer spending took a hit in light of high petrol prices, a slow housing market and a weak labour market. While the economy has proven resilient, we still caution against more interest rate hikes.
Is the grass greener in New Zealand after all? July's tourism numbers suggest yes! July officially marks the first time that 2019 tourism arrivals has been exceeded, and we're excited for the bumper summer season ahead.

Hosted by Jarrod Kerr, Alexandra Turcu and Elliott Lowe. Follow our economic commentary & insights here.
 
Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.

Approximately 40% of Kiwi aren’t contributing to Kiwisaver (30% when you exclude those under 18 and those retired). We dive into what could improve Kiwisaver investment with Greg Smith, Investment Specialist at Generate.

We delve into the age-old debate between passive vs active investing. We also tackle AI investment and how fear and uncertainty can drive the (terrible) decision to stop investing all together.

When it comes to the future, we like making big calls. Greg calls what he sees in the economy a “green tinge”, the pre-curser for actual “green shoots”.

Hosted by Jarrod Kerr, Alexandra Turcu and Elliott Lowe. Follow our economic commentary & insights here.

Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.

The Reserve Bank delivered a 25-basis point hike, taking the interest rate to 2.75%, as expected. But we are happy that they are looking at the future through a more dovish lens. 

Export-supported regions and sectors have performed well. Consumer spending on the other hand, not so much. A strengthening of the economic recovery is important, but we're still waiting for it to broaden, too.

A soft labour market is key to this RBNZ decision, and for the next two meetings coming up this year. Unemployment data looks grim. And over one in six young people in the labour force were unemployed in the June quarter.
Hosted by Jarrod Kerr, Alexandra Turcu and Elliott Lowe. Follow our economic commentary & insights here.

Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.