Jason Wong

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

Risk sentiment is higher on trade war de-escalation with a US and UK trade “framework” and President Trump providing positive signals on this weekend’s US-China trade talks and telling everyone to buy stocks. US equities are up over 1% and Treasury yields are up 10-13bps. Hopes for trade deals have supported the USD across the board and the NZD has fallen to 0.59. GBP has fallen less after the BoE delivered a hawkish cut.

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

US equities are lower, US Treasury yields are lower, and the USD is broadly weaker, with the market remaining fixated on tariffs and the impact for the US economy. The NZD is trading with a 0.60 handle this morning. President Trump met with Canadian PM Carney and when questioned by a reporter whether there was anything the Canadian leader could say to convince him to lift the tariffs on Canada he replied “No…there’s no reason for us to be subsidising Canada”.

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

Currencies / analysis Taiwan dollar surges again, driven by speculation on trade deals. US-Japan trade negotiations not looking good for Japan so far.

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

Currencies / analysis US equities higher after strong earnings reports from Microsoft and Meta; ISM PMI didn’t fall as much as expected, even if there are clear signs of cracks opening in the US economy.

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

Currencies / analysis US economic data awful - exploding trade deficit adds to Q1 GDP downside risk; weaker consumer confidence and drop in job openings.