The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Where is the RBNZ? Yesterday’s Deputy comments, bewildering……
– “we are in the world of weighing up probabilities because the outlook is so unclear”
– “Monetary Policy is not the right tool to be using” REALLY?
– So Central Banks cutting rates and Governments acting proactively….NZ in dreamland!!
* The trend continues, Equities, Bonds lower and Dollar a tad softer
– Three cuts now fully priced in the US, 2yr -4bps/1.12%…