Jason Wong

1 week ago | interest.co.nz | Jason Wong |Gareth Vaughan |David Hargreaves

Currencies / analysis China stops ordering new Boeing aircraft and halt purchases of aircraft and parts from US companies. No progress on EU-US trade negotiations.

1 week ago | interest.co.nz | Jason Wong |Gareth Vaughan |David Hargreaves

Currencies / analysis Trump considers windback of tariffs to help the auto sector, following the carve-out for some electronic goods from China. Calmer markets. US Treasuries reverse some of last week's movement.

2 weeks ago | interest.co.nz | Jason Wong |Gareth Vaughan |David Hargreaves

Financial markets remain choppy with the ongoing focus on Trump’s tariff agenda, in particular the scope for any rollback and their economic impact. The US 10-year rate has pushed higher, US equities erased a strong gain to be flat with an hour left of trading and a return of the NZD to a 0.56 handle proved short-lived. It's all about tariffs still. A colleague asked yesterday when “Trump” would not get a mention in this daily report, and I couldn’t answer.

2 weeks ago | interest.co.nz | Jason Wong |Gareth Vaughan |David Hargreaves

Currencies / analysis Some wild market movements overnight; S&P500 trades a high/low range of 8.5%; EU working out how to retaliate.

2 weeks ago | interest.co.nz | Jason Wong |Gareth Vaughan |David Hargreaves

President Trump’s reciprocal tariff announcement on Liberation Day, that will lift average US tariff rates back to pre-World War I levels, was much worse than anticipated, rocking financial markets. US assets have underperformed, with a near 4% plunge in the S&P500 matched with a significant fall in the USD. The Treasuries curve steepened, with short rates falling more than long rates and the 10-year taking a peek just under 4%. Oil prices have plunged 7%. The NZD blasted up through 0.58.