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New Zealand bonds jump at close tracking U.S. cousin on solid rise in safe-haven demand post hawkish FOMC May meeting minutes

U.S. Treasuries climb ahead of Fed Chair Powell, FOMC members’ speeches

Australian bonds rally as geopolitical risks resurface; 10-year bond yield at 1-week low

German bunds suffer after Q1 GDP remains unchanged; eyes on ECB’s account of monetary policy meeting

JGBs gain tracking U.S. Treasuries as risk aversion rises after U.S. President Trump calls off North Korea talks

JGBs gain towards end of trading week; falling U.S. 10-year yields cushion debt prices

Australian 10-year bond yield dips to 1-week low on North Korea, Trump trade worries

U.S. headline durable goods orders fall sequentially in April

Swedish economic growth likely to have grown modestly in Q1 2018 – Nordea Bank

Asia-Pacific’s macroeconomic environment remains intact, albeit at the cost of trade and capital risks: S&P Ratings

Singapore’s 2018 consumer price inflation likely to register 0.5 pct y/y, says OCBC Research

Australia’s headline construction rises below expectations in Q1

German bunds slump ahead of May manufacturing PMI, Q1 2018 GDP

A bird's eye-view on automotive demand and PGMs

Commodities snapshot (energy)

FxWirePro: Asian markets almost flat, gold hovers around $1,300 mark

German Ifo business climate index unchanged in May, economic growth likely to slowdown

New Zealand ANZ/Morgan consumer confidence lifts to 126.9 in January

Friday, February 2, 2018 8:42 AM UTC
0
comments

New Zealand’s ANZ-Roy Morgan Consumer Confidence Index lifted from 121.8 to 126.9 in January. This is still 3 points off the September high but is a pretty robust level. The Current Conditions Index rose a hefty 8.1 points to 131.3, its highest level since 2007.

The Future Conditions Index lifted 3.0 points to 124.0. Consumers continue to feel pretty content with their current financial situation. A net 16 percent feel financially better off than a year ago. This metric has been pretty stable for the last year or so. A net 29 percent of consumers expect to be better off financially this time next year (+1 point).

A net 47 percent say it’s a good time to buy a major household item, up 15 points. Durables spending may be set for something of a comeback given the stabilization in house price growth. Perceptions regarding the economic outlook improved from 13 to 21. It remains off its September high of +30 but it is encouraging that it has turned. The five-year outlook was steady at a net +22 percent.

Consumer confidence has bounced back as the housing market has stabilized and the uncertainty around the election has receded. The labor market is strong and the outlook for household incomes is solid, so it is hard to argue the optimism is unwarranted. That said, a hint of wariness in the responses to the forward-looking questions persists.

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Economics Monitor

May 25 16:00 UTC Released

USCattle Marketed

Actual

106 %

Forecast

106 %

Previous

96 %

May 25 16:00 UTC Released

USCattle On Feed

Actual

105 %

Forecast

104.9 %

Previous

107 %

January 31 00:00 UTC 167617167617m

ARAnnual Primary Balance*

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2016 bln ARS

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January 22 19:00 UTC 179437179437m

ARTrade Balance

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-1541 %

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-1541 %

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2016 bln ARS

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January 31 00:00 UTC 167617167617m

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