PODCAST

Economy Watch

Interest.co.nz / Podcasts NZ, David Chaston, Gareth Vaughan, interest.co.nz

We follow the economic events and trends that affect New Zealand.

business investing

All Episodes

00:05:48

The US Fed cuts policy rate for third time

Economy Watch ·

2024/12/18

Kia ora,Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news all markets have been waiting for the US Fed decision.And as expected, they have cut their key policy rates by -25 bps with the targeted range now 4.25%-4.50%. Progress on taming inflation gets the main credit from them. As we publish, Chairman Powell has yet to hold his

00:04:29

Commodities ease as China de-risking builds

Economy Watch ·

2024/12/17

Kia ora,Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news commodity prices are facing some headwinds, and that may get worse as trade prospects dim and the de-risking from China builds.Today's full dairy auction brought lower prices from both last week's Pulse event, and the prior week's full event. But the dips were largely as

00:06:49

Bad policy comes with big costs

Economy Watch ·

2024/12/16

Kia ora,Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news analysts are now starting to estimate the costs to the US economy of some upcoming tariff policy.But first, the S&P Global American services PMI rose in December to its strongest expansion since March 2022. But their manufacturing downturn deepened with manufacturers reporting

00:05:55

A huge week of new data awaits us

Economy Watch ·

2024/12/15

Kia ora,Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news of a large number of key new releases to end the year.It might be the final full week before the summer holidays (in New Zealand), but there will be a lot going on and a lot to follow. Here of course it is the week when corporates and the government release their 'bad news'

00:05:47

Cutting costs and raising prices

Economy Watch ·

2024/12/12

Kia ora,Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news cost cutting and raising prices are key themes in US business at present - sure to challenge the Fed's policy path.First in the US, there was an outsized jump in the number of people making initial jobless claims, +310,000 for the week. That pushed up the number of people on

00:04:52

Inflation fears ease globally

Economy Watch ·

2024/12/11

Kia ora,Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news Australia has been assessing their exposure risks to upcoming Trump tariffs - and they are nervous.But first in the US, their November CPI rate came in without any surprises. It rose for a second consecutive month to 2.7% in November from 2.6% in October. But the rise is

00:06:18

China's rescue plan gets few ticks

Economy Watch ·

2024/12/10

Kia ora,Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the expected glow following the Chinese stimulus signals is surprising in its absence. Markets have turned quite sceptical and the Chinese bond yields have sunk sharply.But first up today, we can report that the overnight GDT dairy Pulse auction brought slightly lower prices

00:04:19

China readies more aggressive stimulus

Economy Watch ·

2024/12/09

Kia ora,Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news China has dropped the word "prudent" as it changes tack in its approach to economic support. Commodity currencies, including the NZD, got a boost from the shiftBut first, US consumer inflation expectations for the year ahead increased to 3% in November from 2.9% in October

00:06:34

Trade uncertainty rises

Economy Watch ·

2024/12/08

Kia ora,Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news central bank rate cuts are expected this week - from some, but not all. And Shayne Elliott may be about to end his time at ANZ.But first in the week ahead, most eyes will be on the American Consumer Price Index, Then tomorrow (Tuesday) the RBA will review its cash rate target,

00:04:17

Supply chain pressures under scrutiny

Economy Watch ·

2024/12/05

Kia ora,Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news all eyes are on the US non-farm payrolls report due out tomorrow, and market activity is hesitant in advance of that.US jobless claims came in at +210,000 last week, a good decrease from the prior week. But it was not as large a drop as the seasonality suggests it should have

00:05:25

Services underpin global expansion

Economy Watch ·

2024/12/04

Kia ora,Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the world's services sector seems to be holding its ownAhead of this weekend's November non-farm payrolls report, the private ADP Employment report out today reveals American private businesses added +146,000 workers to their payrolls in the month, slightly below forecasts

00:03:54

WMP saves the day

Economy Watch ·

2024/12/03

Kia ora,Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news of an unexpected development in South Korea.But first, dairy prices edged up slightly again in this morning's latest full dairy auction, but that doesn't really tell the story of this event properly. With the local milk production season now past its peak, lesser volumes

00:03:57

Rising new orders help the global factory sector

Economy Watch ·

2024/12/02

Kia ora,Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news all about the state of the world's factories. Globally, manufacturing stabilised in November with a rise in new orders.First up today, there were two factory PMI surveys out for the US for November. Both reported their sector contraction eased noticeably. The widely-watched

00:07:53

Of ruts, twists, stalls & downgrades

Economy Watch ·

2024/12/01

Kia ora,Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news China is still stuck in its rut, the US twisted by tariff talk, Japan sees progress, and Russia's currency gets a big downgrade.But first, this coming week will end with the US non-farm payrolls report, and analysts expect a sharp recovery to +183,000 added jobs, far higher

00:04:48

RBA independence in election sacrifice

Economy Watch ·

2024/11/28

Kia ora,Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the world's dominant financial market is closed today, so this will be a thin report. Wall Street will be back in a limited capacity tomorrow (their Friday).In the US, a record 80 mln people are expected to travel at least 100 kms this holiday weekend.But the Canadians are not

00:05:57

US consumers still driving the global expansion

Economy Watch ·

2024/11/27

Kia ora,Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news rising consumer demand in the world's largest economy is still driving the world's economy, a trend that started nearly a century ago - and still, it shows no sign of ending anytime soon.First we should note that the American Thanksgiving holiday starts tomorrow, so there is

00:05:07

Old man revives old grievances

Economy Watch ·

2024/11/26

Kia ora,Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news that financial markets are being rattled somewhat by the isolationist rhetoric from the incoming US President on tariffs, especially as they will apply to Canada, Mexico and China. However, despite the incendiary nature of the talk, the market reactions have been relatively mild

00:04:18

Global benchmark interest rates stop rising

Economy Watch ·

2024/11/25

Kia ora,Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news the market pressure on US benchmark interest rates is easing now.First, an updated Dallas Fed survey showed the Texan manufacturing sector contracted less in November, the least in 2½ years. This was driven by the outlook mood which improved sharply, post election. But this may

00:05:44

The US & India drive global demand

Economy Watch ·

2024/11/24

Kia ora,Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news the US and India are driving global demand currently.First, in the week ahead, the major even for us will of course be the Wednesday RBNZ Monetary Policy Review, the last one for 2024. And markets have priced in a full -50 bps cut in the OCR, a setting that will have to last them

00:05:14

Power & corruption highlighted

Economy Watch ·

2024/11/21

Kia ora,Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news about separate corruption cases involving Gautam Adani, and Matt Gaetz.But first today, the US labour market is maintaining its strength, despite strikes and tropical hurricanes. Last week only +213,000 people filed for initial jobless claims, well below the prior week, below what

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