When it’s natural, real and as nature intended we have a real competitive advantage so long as we have our story straight, says St John Craner

Tweet This the second part of an article first published here. By St John Craner* My fellow speaker at the East Coast Farming Expo this week, Dr Derek Moot suggested a legume farming system would help substantiate a back story to a “as nature intended” red meat proposition. Using nitrogen fixing lucerne can help reduce our dependence on synthetic fertilisers which …

Politics spruik commodity prices. Rising inflation expectations lift bond yields. Equities fall despite most earnings reports beating expectations

Tweet By Nick Smyth Commodity prices remain in the spotlight, with oil prices making a fresh high again overnight, although they have since eased back.  The 10 year US Treasury increased again, with the yield curve steepening for a change, amid higher inflation expectations.  US equity markets are lower and the USD stronger.  Oil prices continued their recent rise overnight, …

The Opening Bell: Where currencies start on Friday, April 20, 2018

Tweet By Dan Bell The NZDUSD opens at 0.7268 (mid-rate) this morning. combination of broad USD strength along with a pull pack in our annualised inflation has seen the NZD underperform overnight. The GBP is the worst performing of the G10 currencies with weaker than expected retail sales adding further downward pressure on the currency following a disappointing inflation report. Retail …

Bloomberg dollar index is up around 0.5% on higher US interest rates and little fresh news on trade tensions; Yen has outperformed; NZD has declined to around 0.7265

Tweet By Nick Smyth The USD is broadly stronger overnight against a backdrop of higher US interest rates and little fresh news on trade tensions.  The Bloomberg dollar index is up around 0.5%, but remains well within its recent trading ranges.  The yen has outperformed amidst the modest pick-up in risk aversion (as reflected in lower equities) while the NZD …

Bond markets skittish; investors expect more US Fed rises; IMF and World Bank warn; China yields tumble, curve narrows; UST 10yr at 2.92%; oil unchanged and gold down; NZ$1 = 72.7 USc; TWI-5 = 73.9

Tweet Here’s our summary of key events overnight that affect New Zealand, with news investors are watching bond markets. And the bond markets are wondering what the narrowing of the yield curves signal. Typically, a yield curve flattening is a prelude to an inversion which has been a reliable signal that a growth phase is about to end and a …