Shows
The JMI Power of Music PodcastBreaking Borders: Global Insights into JMI’s World of Youth and Music with our President, Nenad BogdanovicIn this episode of JM International’s ‘The Power of Music’, we are joined by Nenad Bogdanovic, the Executive Director of the Euro-Arab Youth Music Centre, Planning and Development Coordinator at the Organisation for European Programmes and Cultural Relations, and the President of JM International. Nenad brings a wealth of experience and insight into how music can bridge cultures and support young people globally.We'll explore Cyprus' unique position between three continents as the home of the Euro-Arab Youth Music Centre. Our discussion highlights the importance of intercultural dialogue and music exchanges, the significant role music plays in fos...2024-07-0532 min
JMI Wealth Market Update09/02/24 – Disney - TruckometerJMI Wealth Director Andrew Kelleher discusses the results from the US corporate earning season outcome, with Disney announcing good results and an exclusive Taylor Swift partnership. Next, he shares his insights on the monthly count of vehicles from the ANZ Truckometer. Why is the trend flat? Then onto market figures for today.
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2024-02-0804 minJMI Wealth Market Update08/02/24 – Labour market – Milk price – US earningsJMI Wealth Director Andrew Kelleher discusses the job numbers following the quarterly labour market data release. With employment growth at zero percent, is unemployment rising? Next, some good news for farmers with the upgrade to the Farmgate milk price forecast. He also touches on the US earning season with share prices continuing to be magnificent. Then onto market figures for today.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz2024-02-0705 minJMI Wealth Market Update07/02/24 – GDT – Fletcher Building – RBA statementDairy farmers will be heartened. JMI Wealth Director Andrew Kelleher discusses the very pleasing GDT numbers with a strong material price lift on the rise. He also touches on the Fletcher Building announcement made on Monday, providing an update on projects in progress. Next, he shares his insights on the RBA statement and official cash rate. Will a further increase in interest rates be ruled out?
Then onto market figures for today.
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2024-02-0605 minJMI Wealth Market Update02/02/24 – Fed – BigTechJMI Wealth Director Andrew Kelleher discusses Jerome Powell’s Federal Reserve announcement. With interest rates remaining steady, what is the probability of a March interest rate cut? He also talks about the BigTech, fourth quarter results. After a magnificent 2023 on the S&P500, is the gloss starting to come off? Then onto market figures for today.
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2024-02-0105 minJMI Wealth Market Update01/02/24 – ANZ Outlook – Chinese PMI – AUS CPIConfidence is up! JMI Wealth Director Andrew Kelleher unpacks the ANZ Business Outlook survey data release. With business confidence bouncing sharply since the election, it is still evident in the results of the survey. Next, he shares his insights on the China economy following the release of the official manufacturing purchasing manager index and Australian inflation expectation. Then onto market figures for today.
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2024-01-3105 minJMI Wealth Market Update31/01/24 – Conway speech – Aussie retailJMI Wealth Director Andrew Kelleher unpacks yesterday’s Conway speech and shares his insights on the data releases and developments since November. Has this generated any material change in the RBNZ’s monetary policy stance? Next, he discusses the Australian Bureau of Statistics data release of retail spending numbers, being very similar to New Zealand. Have spending patterns changed?
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2024-01-3005 minJMI Wealth Market Update30/01/24 – RBNZ – Data - EvergrandeJMI Wealth Director Andrew Kelleher discusses today's upcoming speech by RBNZ's Paul Conway on "The Importance of Global Economy and Data". With topics such as the impact on the global economy, the COVID-19 pandemic and the highlights of research and data, what can we expect with interest rate relief? Next, he talks about the Federal Reserve Open Market Committee review of monetary policy settings due later this week.
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2024-01-2905 minJMI Wealth Market Update15/12/23 – Fed - GDPAre the Fed magicians? JMI Wealth Director Andrew Kelleher discusses yesterday’s Fed release figures. With everyone talking about the “pivot”, did it happen? Next, he shares his thoughts on the New Zealand economy and then onto market figures for today.
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2023-12-1405 minJMI Wealth Market Update14/12/23 – Price indexes – REINZ – Balance paymentsJMI Wealth Director Andrew Kelleher discusses the Selected Price Indexes, released yesterday from Statistics NZ. With aspects of inflation coming under control, is it possible that expectations for the fourth quarter inflation are too high? Next, he touches on the REINZ house price data index, and what to expect for the summer housing market. He also talks about Mobil selling their stakes in Chanel Infrastructure and then, onto market figures for today.
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2023-12-1305 minJMI Wealth Market Update13/12/23 – Migration – Card spendingJMI Wealth Director Andrew Kelleher discusses the impact of the continuing surge of immigration into New Zealand. Next, he touches on electronic card transactions. Are households showing spending restraint? Then, onto market figures for today.
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2023-12-1205 minJMI Wealth Market Update12/12/23 – Jobs – Week aheadJMI Wealth Director Andrew Kelleher discusses the NZ job market following the release of the BNZ Seek employment report for November. With job ad figures falling, are we in a negative trend? Next, he lets us know what to expect in the upcoming 4th quarter announcement for the year. Then, onto market figures for today.
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2023-12-1104 minJMI Wealth Market Update11/12/23 – US employment – Q3 SurveyJMI Wealth Director Andrew Kelleher discusses the meat and potatoes of the US labour market following the release of the monthly US employment report. Is the US labour market tanking? Back home in New Zealand, he talks about the employment figures released from Inland Revenue on Friday. Then, onto market figures for today.
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2023-12-1005 minJMI Wealth Market Update07/12/23 – Deloitte top 200 – Aussie GDPJMI Wealth Director Andrew Kelleher discusses the Deloitte Top 200 awards and the highlights of the evening. Next, he talks about the Australian Bureau Statistics release of the third quarter data. With GDP figures slowing in the third quarter, how is this going to affect the Aussie economy? Then, onto market figures for today.
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2023-12-0605 minJMI Wealth Market Update06/12/23 – Building – Latest accounts - GDTJMI Wealth Director Andrew Kelleher discusses the building activity numbers released yesterday by Stats NZ. Is the construction section shaping up for 2024? Next, he shares his insights on the financial accounts released by the government. He also touches on the GDT auction and the upcoming data release later in December. Then onto market figures for today.
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2023-12-0505 minJMI Wealth Market Update05/12/23 – Mini budget – TowerJMI Wealth Director Andrew Kelleher discusses the upcoming mini-budget. With two weeks to go before the update, are there material risks that revenue is going to fall? Next, he touches on the strategic review of the ownership structure of Tower. Then onto market figures for today.
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2023-12-0405 minJMI Wealth Market Update1/12/23 – ANZ Outlook – Charlie MungerJMI Wealth Director Andrew Kelleher discusses the outcomes of the ANZ Business Outlook. Being the first full survey after the election, has business confidence lifted? Next, he touches on Charlie Munger and transformational work he accomplished in his lifetime, and his view on how to live a happy life. Then onto market figures for today.
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2023-11-3005 minJMI Wealth Market Update30/11/23 – RBNZ – Aussie inflationJMI Wealth Director Andrew Kelleher discusses the RBNZ’s Official Cash Rate. With hawkish results, is there risk of another rate hike? Next, he touches on the Australian CPI indication number released yesterday, and why it was lower than expected. Then onto market figures for today.
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2023-11-2905 minJMI Wealth Market Update29/11/23 – MPS – Aussie retailJMI Wealth Director Andrew Kelleher discusses the RBA’s Monetary Policy Statement. Will cash rates stay the same? Next, he touches on Aussie retail sales and the comparison with New Zealand. Then onto market figures for today.
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2023-11-2805 minJMI Wealth Market Update28/11/23 – Coalition – Comvita – Kiwi propertyJMI Wealth Director Andrew Kelleher discusses the coalition and whether this will have an impact on the financial market. Do we need to prepare ourselves for challenges? Next, he touches on the Comvita trading update with revenue for the first four months of the year down 10% on last year. Then onto market figures for today.
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2023-11-2705 minJMI Wealth Market Update24/11/23 – ResultsJMI Wealth Director Andrew Kelleher shares his insights on the Goodman Property Trust market capitalization and share price after the release of the devaluation to its portfolio. He also discusses Tower Insurance’s full-year profit, following its 12-month results yesterday. Then onto market figures for today.
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2023-11-2305 minJMI Wealth Market Update23/11/23 – EBOS – Turners AutomotiveJMI Wealth Director Andrew Kelleher gives us an update on the EBOS trading halt and why they are back to the drawing board following the latest deal fall-over. Will there be further acquisition attempts? Next, he balances the news with an upbeat announcement about Turners half year results. Then onto market figures for today.
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2023-11-2205 minJMI Wealth Market Update22/11/23 – GDT – Trade – National gridJMI Wealth Director Andrew Kelleher discusses the Global Dairy Trade auction overnight. With 0.00% move in the GDT index, does this exhibit stability? Next, he talks about the trade figures released by Statistics New Zealand yesterday with the annual trade deficit shrinking since December 2022 and what this means for New Zealand export and prices. He also shares insights about the national grid and the impact this might have on our electricity bills. Then onto market figures for today.
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2023-11-2105 minJMI Wealth Market Update21/11/23 – US soft landing – OilJMI Wealth Director Andrew Kelleher discusses the question of what is going to happen to the US economy. Looking at the ANZ data release, could the US avoid a recession? Next, he shares his insights on the oil price and what could be expected following the OPEC meeting next weekend. Then onto market figures for today.
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2023-11-2005 minJMI Wealth Market Update17/11/23 – REINZ – Local marketJMI Wealth Director Andrew Kelleher discusses house prices following yesterday’s REINZ figure release. Are house prices on the up and up? Next, some insights on the local share market and then onto market figures for today.
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2023-11-1605 minJMI Wealth Market Update16/11/23 – Migration - Card Spending DataJMI Wealth Director Andrew Kelleher discusses the impact of rising migration numbers while young Kiwis leave the country. He also reflects upon the weak card spending numbers in October. Then onto market figures for today.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz2023-11-1505 minJMI Wealth Market Update15/11/23 – Food prices – USCPI – NZ dataJMI Wealth Director Andrew Kelleher discusses the fall of food prices in New Zealand by 0.9% in October. How will this affect the 4th quarter inflation? Next, he shares insights on the selected price index release from Statistics New Zealand and the USCPI data. Then onto market figures for today.
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2023-11-1405 minJMI Wealth Market Update14/11/23 – US economy – BNZ PSIJMI Wealth Director Andrew Kelleher discusses the US economy following his attendance at the Global Investment Institute in Boston. With the main points being the recession and debt, how is this affecting borrowers? Back home, he shares his insights on the release of the BNZ PSI with the NZ economy being back in contraction. Then onto market figures for today.
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2023-11-1305 minJMI Wealth Market Update3/11/23 – NZ market - WineJMI Wealth Director Andrew Kelleher discusses the New Zealand market following the US Federal Reserve announcement yesterday. How does this affect our longer-term interest rates? Next, he talks about Invivo & Co looking to raise money and how you can find out more details. Then onto market figures for today.
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2023-11-0205 minJMI Wealth Market Update2/11/23 – Jobs - ChinaJMI Wealth Director Andrew Kelleher discusses the labour market easing following the survey data released yesterday by QES, Household Labour Force, and the Labour Cost Index. With momentum turning in the employment market will RBNZ raise the official cash rate in November? Next onto our biggest trading partner China and the stats released from the Purchasing Manager Indexes. Then onto market figures for today.
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2023-11-0105 minJMI Wealth Market Update1/11/23 – ANZ business outlook – Building consentsJMI Wealth Director Andrew Kelleher discusses yesterday’s ANZ business outlook release. With the big lift in business confidence in October, what sort of follow through will we see? Next, he touches on the Stats NZ release of latest numbers of building consents. With building consents lower and migration being higher, will there be a demand supply problem? Then onto market figures for today.
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2023-10-3105 minJMI Wealth Market Update31/10/23 – Building costs – Aussie retailJMI Wealth Director Andrew Kelleher discusses the housing market and the cost of building with BNZ data showing that price averages have never been higher. Across the Tasman, Aussie retail sales have surpassed expectation with spring time spending. Then onto market figures for today.
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2023-10-3005 minJMI Wealth Market Update27/10/23 – Freightways - US EarningsJMI Wealth Director Andrew Kelleher talks to Mike Hosking about Freightways first quarter trading update. With trading down on last year, how is this affecting the share prices? Next, he discusses US earnings being better than expected. Then onto market figures for today.
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2023-10-2605 minJMI Wealth Market Update26/10/23 – Auckland Airport – Aussie CPI - TruckometerJMI Wealth Director Andrew Kelleher talks to Mike Hosking about the customs control working well at the Auckland Airport. He also discusses the Aussie CPI release yesterday being higher than expected. Will the RBA hike the cash rate? Next, he shares his insights on the September ANZ Truckometer data. Why is ANZ calling it the “Spring Pothole? Then onto market figures for today.
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2023-10-2504 minJMI Wealth Market Update19/10/23 – US earnings – Chinese dataJMI Wealth Director Andrew Kelleher talks to Mike Hosking about the third quarter of the US company earning season. Are consumers depleting their savings? He also discusses the better than expected Chinese third quarter data. Then onto market figures for today.
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2023-10-1805 minJMI Wealth Market Update18/10/23 – CPI - GDTJMI Wealth Director Andrew Kelleher talks to Mike Hosking about the inflation quarterly outcome moving in the right direction, with the lowest inflation recorded since September 2021. Next, he discusses Global Dairy Trade auction outcomes and then onto market figures for today.
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2023-10-1705 minJMI Wealth Market Update17/10/23 – PMI – PSI - FBUJMI Wealth Director Andrew Kelleher talks to Mike Hosking about services and manufacturing following the BNZ release of Business New Zealand data. Services are returning to expansion but is manufacturing in the doldrums? Next, he discusses Fletcher Building’s market capital value and the position of its shares. Then onto market figures for today.
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2023-10-1605 minJMI Wealth Market Update13/10/23 – FPI – FBU - BirkenstockJMI Wealth Director Andrew Kelleher talks to Mike Hosking about the food prices after Statistics NZ released the food price data for September. With food prices increasing 8% over the last 12 months, is there any good news? Next, he touches on the Fletcher Building trading halt and their next moves. He also shares his insights on the Birkenstock opening day. Then onto market figures for today.
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2023-10-1206 minJMI Wealth Market Update12/10/23 – Migration - FBUJMI Wealth Director Andrew Kelleher talks to Mike Hosking about the migration numbers. With annual permanent long-term net migration hitting a record high, how is this affecting the underlying momentum on the economy? Next, he discusses Fletcher Building going into a trading halt yesterday and who is the root cause of the problem of leaky pipes? Then onto market figures for today.
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2023-10-1105 minJMI Wealth Market Update11/10/23 – Aussie data – Bond marketsJMI Wealth Director Andrew Kelleher talks to Mike Hosking about the three Australian data survey results released yesterday. Is cost pressure and consumer confidence easing? Next, he shares his insights on global bond market sentiment. Then onto market figures for today.
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2023-10-1005 minJMI Wealth Market Update10/10/23 – Job ads – Israel reaction - FonterraJMI Wealth Director Andrew Kelleher talks to Mike Hosking about jobs following the BNZ Seek and employment report. Whilst there was a lift in job ads in August, the September trend has reversed. Is labour getting easier to find? Next, he discusses the Israel reaction and whether this is affecting oil prices. He also shares his insights on the farmgate milk price. Then onto market figures for today.
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2023-10-0905 minJMI Wealth Market Update6/10/23 – CPI - OilJMI Wealth Director Andrew Kelleher discusses the figures in the ANZ World Commodity Price Index. Next, he moves on to the oil market inflationary expectations. Is there good news at the petrol pump? Then onto market figures for today.
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2023-10-0505 minJMI Wealth Market Update5/10/23 – MPR – Interest rates - USPMIsJMI Wealth Director Andrew Kelleher discusses the official cash rate review and the monetary policy, with pockets of stress emerging for some. Next, he shares his insights on longer term interest rates here NZ. Who is the biggest entity borrowing? Then onto market figures for today.
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2023-10-0405 minJMI Wealth Market Update4/10/23 – Global Dairy Trade – NZ Institute of Economic Research - RBAJMI Wealth Director Andrew Kelleher discusses the heart-warming results from the global dairy trade price index. Have we got a trend? Next, he shares his insights on the NZ Institute of Economic Research Quarterly survey. He also touches on the Reserve Bank of Australia rates. Is inflation still too high? Then onto market figures for today.
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2023-10-0305 minJMI Wealth Market Update3/10/23 – Building consents – PMI – No shutdownJMI Wealth Director Andrew Kelleher updates us on the building
consents release, with the number of consents falling in August. Does this suggest a downturn in building activity? Next, he discusses the release of the Purchasing Managers Index figures and the slowdown in global manufacturing activity. Then onto market figures for today.
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2023-10-0205 minJMI Wealth Market Update29/09/23 – Business outlook – The WarehouseJMI Wealth Director Andrew Kelleher discusses the ANZ Business Outlook survey. Has headline business confidence improved? Next, he shares his insights on The Warehouse sales and profit margins. Then onto market figures for today.
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2023-09-2805 minJMI Wealth Market Update28/09/23 – Employment confidence – Aussie CPIJMI Wealth Director Andrew Kelleher discusses the Westpac McDermott Miller employment confidence report. With employment confidence falling 7.04 points, are New Zealander’s pessimistic or optimistic? Next, across the Tasman to the Aussie monthly annual inflation indicator. Then onto market figures for today.
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2023-09-2705 minJMI Wealth Market Update27/09/23 – Truckometer – US economyJMI Wealth Director Andrew Kelleher discusses counting cars and trucks with the ANZ Truckometer. How are these index trends affecting the economy? Next, he discusses the US Treasury interest rates being the highest since 2007. Does this create a good correlation back here in NZ? Then onto market figures for today.
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2023-09-2605 minJMI Wealth Market Update26/09/23 – Synlait – Canterbury Business SurveyJMI Wealth Director Andrew Kelleher discusses Synlait’s release of annual results for the 2023 year. Next, he touches on the material slump in the quarterly Canterbury Business Survey. Is there a worry with consumer confidence and demand? Then onto market figures for today.
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2023-09-2505 minJMI Wealth Market Update22/09/23 – GDP – Fonterra – Fed reactionJMI Wealth Director Andrew Kelleher shares his insights on
the GDP outcome being much stronger than expected. Next, he discusses the Fonterra 2023 results. Are they looking more robust? He also touches on the Fed reaction and then onto market figures for today.
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2023-09-2206 minJMI Wealth Market Update21/09/23 – Fed Funds – Current Account - KathmanduJMI Wealth Director Andrew Kelleher discusses the Federal Reserve announcement of Fed Funds. Are there any surprises in the forecast for 2024? Next, he shares his insights on the Current Account deficit. He also comments on the Kathmandu share price and sales. Then onto market figures for today.
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2023-09-2005 minJMI Wealth Market Update20/09/23 – Global Dairy Trade Auction – RBA release of minutesJMI Wealth Director Andrew Kelleher discusses the Global Dairy Trade index price rise. Will farmers be cheered? Next, he shares his insights on the RBA’s release of minutes and the relevant comments for the New Zealand situation. Then onto market figures for today.
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2023-09-1905 minJMI Wealth Market Update19/09/23 – PSI – A2 Milk - SynlaitJMI Wealth Director Andrew Kelleher discusses the BNZ BusinessNZ
Performance of Services Index. What are the long-term averages? Next, he touches on Synlait’s trading halt following the cancelling of the exclusive manufacturing supply rights by A2 Milk. Then onto market figures for today.
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2023-09-1805 minJMI Wealth Market Update08/09/23 – Filled Jobs - RBAJMI Wealth Director Andrew Kelleher discusses the Statistics New Zealand release of business employment data. Are migration numbers contributing to the positive lift in filled jobs? Next, he shares his insights on RBA’s Philip Lowe’s valedictory speech. Then onto market figures for today.
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2023-09-0805 minJMI Wealth Market Update07/09/23 – Building - ETSJMI Wealth Director Andrew Kelleher discusses residential building consents following yesterday’s release of data from Statistics New Zealand. Next, he reviews the ETS scheme auction. Why did it fail to clear? Then onto market figures for today.
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2023-09-0705 minJMI Wealth Market Update06/09/23 – GDT – Commodities - RBAJMI Wealth Director Andrew Kelleher discusses the sigh of relief coming from rural New Zealand after the recent slump in Fonterra global prices. What are the GDT trends moving forward? Next, he reviews the ANZ
world commodity price index. He also shares insights on the Reserve Bank of Australia's official cash rate. Then onto market figures for today.
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2023-09-0505 minJMI Wealth Market Update05/09/23 – International Trade Indexes – SkyCityJMI Wealth Director Andrew Kelleher discusses the terms of trade with the second quarter of the International Trade Indexes. What are the export and import volumes? He also comments on the SkyCity share price taking a tumble. Then onto market figures for today.
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2023-09-0405 minJMI Wealth Market Update31/08/23 – Tax policy – Building consents – Aussie inflationWith the tax policy released yesterday, JMI Wealth Director Andrew Kelleher shares his insights on if there is some risk around the forecast. Next, he touches on the July 2023 building consent release with the figures being down compared to 2020 and 2021. He also comments on some positive news in the Aussie inflation, with rates being lower than expected.
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2023-08-3005 minJMI Wealth Market Update30/08/23 – IMF Report – Tourism Holdings LimitedJMI Wealth Director Andrew Kelleher shares his insights on the IMF report and points of note in article 4. RBNZ may have to tighten monetary policy and warned that the central bank may have to consider raising interest rates. Next, he touches on the Tourism Holdings profit announcement and the expected full recovery to pre-Covid levels.
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2023-08-3005 minJMI Wealth Market Update29/08/23 – Restaurant Brands – Jobs – Jackson HoleJMI Wealth Director Andrew Kelleher discusses the Restaurants Brands results for the first half of the financial year. Next, he touches on the labour markets. Is the unemployment rate set to go up? He also comments on Jerome Powell’s symposium speech at Jackson Hole.
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2023-08-2805 minJMI Wealth Market Update25/08/23 – Truckometer – Sky TV – Auckland AirportJMI Wealth Director Andrew Kelleher discusses the release of the ANZ Truckometer outcomes. Next, he touches on Sky TV net profits. How many people have taken up the new Sky decoder box? He also comments on Auckland Airport profits and property values. Listen to the full commentary to hear Andrew’s views.
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2023-08-2405 minJMI Wealth Market Update24/08/23 – Q2 Retail - EBOSJMI Wealth Director Andrew Kelleher discusses spending, with the Q2 retail sales released yesterday not looking pretty. Next, he touches on the EBOS shares. Listen to the full commentary to hear Andrew’s views.
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2023-08-2305 minJMI Wealth Market Update23/08/23 – ARMIPO – NZDJMI Wealth Director Andrew Kelleher discusses Arm Holdings, the UK based designer of computer chips, making a regulatory filing ahead of an anticipated IPO. Next, he touches on the NZ dollar performance and the key issues that are currently driving our currency. Listen to the full commentary to hear Andrew’s views.
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2023-08-2205 minJMI Wealth Market Update22/08/23 – A2 – Freightways – Chorus - PREFUJMI Wealth Director Andrew Kelleher discusses the spotlight falling on A2 milk. The result here is a story of two parts - how they have done and how they think they are going to go? Next he touches on Freightways and Chorus share prices. He also comments on the PREFU, with the last chance to look at the books before the election. Listen to the full commentary to hear Andrew’s views.
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2023-08-2205 minJMI Wealth Market Update18/08/23 – PPI – Aussie employmentJMI Wealth Director Andrew Kelleher discusses the release of the Producer Price Index for the June quarter. Have the cost pressures subsided? Next, he touches on the job numbers across the Tasman with lots of kiwis looking to emigrate. Listen to the full commentary to hear Andrew’s views.
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2023-08-1705 minJMI Wealth Market UpdateTitle for Spotify: 17/08/23 – RBNZ – Fletcher BuildingJMI Wealth Director Andrew Kelleher discusses the shiny new monetary policy statement following the release from RBNZ. He also shares insights on the Fletcher Building annual result. Listen to the full commentary to hear Andrew’s views.
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2023-08-1705 minJMI Wealth Market Update16/08/23 - GDT - REINZ - OCRJMI Wealth Director Andrew Kelleher discusses the significant Global Dairy Trade price index fall. How does this affect dairy farmers? Next, he touches on some positives in the housing market recovery. Listen to the full commentary to hear Andrew’s views.
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2023-08-1605 minJMI Wealth Market Update15/08/23 - Migration - Services SectorJMI Wealth Director Andrew Kelleher discusses the migration numbers from yesterday’s Statistics NZ release. With the largest outflow of NZ citizens since 2013, how is this affecting our economic factors? Next, he touches on the Services Sector survey activity levels – are these up-beat numbers? Listen to the full commentary to hear Andrew’s views.
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2023-08-1405 minJMI Wealth Market Update11/08/23 - Quick recap of US 2nd quarter earnings season (and others) - InflationJMI Wealth Director Andrew Kelleher discusses the fortunes of the US sharemarkets. Next, hear about the US inflation move. Listen to the full commentary to hear Andrew’s views.
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2023-08-1004 minJMI Wealth Market Update10/08/23 - July 2023 electronic card transaction data - RBNZ survey expectationsJMI Wealth Director Andrew Kelleher discusses “spending” following the latest electronic card transaction data release. Next, hear about the RBNZ survey expectations for the future. Listen to the full commentary to hear Andrew’s views.
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2023-08-1005 minJMI Wealth Market Update09/08/23 - New BlackRock Fund a little perplexing - China trade dataJMI Wealth Director Andrew Kelleher discusses the perplexing BlackRock Fund announcement with plans to reach 100% renewable energy by 2030. But where is the needed 2 billion dollars to do so? Next, hear about the Chinese decline in economy with weak global and domestic demand. Listen to the full commentary to hear Andrew’s views.
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2023-08-0805 minJMI Wealth Market Update08/08/23 - Restaurant Brands – Government consent process fast track process becomes permanentJMI Wealth Director Andrew Kelleher discusses Restaurant Brands “doing it a bit tough” with net profits expected to fall and seeing cost increases in New Zealand. He also shares his insights on the government fast-track consenting process moving from temporary to a permanent measure. Listen to the full commentary to hear Andrew’s views.
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2023-08-0805 minJMI Wealth Market Update04/08/23 - US downgraded, but NZ has kept its AAA credit rating - Aussie dataJMI Wealth Director Andrew Kelleher discusses the good news
for NZ, retaining its AAA credit rating despite the Fitch US credit rating
position. What does this mean for New Zealand? Next, he remarks on the development across the Tasman with a trade surplus of 11.3 billion despite imports falling and retail sales declining.
Listen to the full commentary below to hear Andrew’s views. For more market insights and our terms and conditions, visit ww.jmiwealth.co.nz
2023-08-0404 minJMI Wealth Market Update03/08/23 - Labour market – second quarter data dump - US Government – credit rating downgradeJMI Wealth Director Andrew Kelleher discusses wages and jobs
after Statistics NZ released the latest quarterly labour market data. Employment growth and the unemployment rate slightly higher plus wages rise by 1.1% being lower than expected by the RBNZ. Next,
he suggests to watch the US space as Fitch lowers the US government credit rating from a pristine AAA to AA+. Tune in to listen to the full podcast.
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2023-08-0305 minJMI Wealth Market Update02/08/23 - Global Dairy Trade Auction results - RBA Interest Rates decisionJMI Wealth Director Andrew Kelleher discusses the Global Dairy Trade Auction, highlighting the position of butter milk powder and lower global dairy prices. Is China contributing to the falling prices? Next, he talks about the RBA Interest Rates decision.
Listen to the full commentary below to hear Andrew’s views. For more market insights and our terms and conditions, visit www.jmiwealth.co.nz2023-08-0204 minJMI Wealth Market Update01/08/23 - ANZ Business Confidence survey - China Manufacturing PMI number - Wine exportsHas business confidence lifted? JMI Wealth Director Andrew Kelleher
reviews the recently released figures from ANZ’s Business Outlook. Next, he touches on China’s manufacturing sector still contracting. He also comments on the Australian export report published last week and notes there is some good news where New Zealand is exporting more dollars’ worth of wine than Australia.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz2023-08-0105 minJMI Wealth Market Update28/07/23 - Growing US GDP - Ryman's Falling Shares - MainFreight's Hiring FreezeJMI Wealth Director Andrew Kelleher discusses the impact of US GDP surpassing expectations and its significance to us. He also shares insights on Ryman and Mainfreight's share falls, with Mainfreight implementing a hiring freeze while Ryman remains cautious about market conditions. Tune in for more details.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz2023-07-2805 minJMI Wealth Market Update13/07/23 - RBNZ – MigrationSteady as she goes for the Reserve Bank. JMI Wealth Director Andrew Kelleher does a deep dive on the continued pause of the official cash rate (OCR). Next, in addition to the excitement of the OCR review, he takes listeners through the recent migration and tourism numbers. Listen to the full commentary below to hear Andrew’s analysis.
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2023-07-1306 minJMI Wealth Market Update12/07/23 - OCR – Aussie DataDo you believe the official cash rate (OCR) will change today? JMI Wealth Director Andrew Kelleher makes comments in anticipation of the Reserve Bank’s update today and discusses what supports his thoughts on the OCR forecast. Next, he unpacks the recently released data from Australian Bureau of Statistics’ Monthly Household Spending Indicator. Listen to the full commentary below.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz2023-07-1204 minJMI Wealth Market Update11/07/23 - Infratil - ChinaSome interesting acquisition news as JMI Wealth Director Andrew Kelleher discusses Infratil entering into a conditional agreement
with a company called HKT Limited in Hong Kong. Next, he makes mention of his commitment to keep an eye on China data as
it is pivotal in our existing trade agreement and important to our ongoing recovery from COVID. Listen to the full market update to learn more about the issue of lack of Chinese tourism into New Zealand.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz
2023-07-1105 minJMI Wealth Market Update10/07/23 - Jobs Numbers - Swap rateAre payroll numbers at pre-pandemic levels? JMI Wealth Director Andrew Kelleher reviews the figures from Nonfarm Payrolls (NFP) reported by the US Bureau of Labor Statistics. Next, he unpacks pricing in interest rates markets commenting that for the general population this is a second round of mortgage pain. Listen to the full commentary below to hear Andrew’s analysis.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-07-1005 minJMI Wealth Market Update07/07/23 - Pacific Edge - VistaIt’s a good news Friday as JMI Wealth Director Andrew Kelleher shares some positives to lift us into the weekend! He discusses the 100% plus rise in share price for biotech company Pacific Edge, and the profit upgrades for NZX listed company Vista, as their new Chief Executive makes plans to streamline the organisation. Tune in to hear more on these positive outcomes!
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-07-0705 minJMI Wealth Market Update06/07/23 - Government Accounts - Account DeficitWe are following the money this morning, as JMI Wealth Director Andrew Kelleher reviews the government accounts and comments on the tax take being lower than expected by a reasonably material amount. Next, he unpacks the situation around the current account deficit and outlines what Kiwis can do to improve the current terrain. Listen to the full market update to learn more.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-07-0606 minJMI Wealth Market Update04/07/23 - Building Consents - China DataJMI Wealth Director Andrew Kelleher weighs in on building consents this morning as the figures that were initially quite resilient, have now started to slow down. What’s going on across the Tasman as a different story seems to be playing out with building approvals up 20.6%! Lastly, Andrew keeps an eye on the economic data coming from China, as the Official Purchasing Managers Index indicates contraction.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-07-0405 minJMI Wealth Market Update03/07/23 - US PCE - Market ScorecardSome positive news for Monday morning as JMI Wealth Director Andrew Kelleher discusses the latest print from the PCE index rising 0.1%, the slowest pace of monthly increases in more than two years! Next, he gives listeners a market scorecard for the first six months of the year commenting that it’s been a good year for tech and AI. Listen to the full commentary below to hear Andrew’s analysis.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-07-0305 minJMI Wealth Market Update30/06/23 - ANZ Business Outlook - US DataJMI Wealth Director Andrew Kelleher brings us some positive news
as the data from the ANZ Business Outlook supports a shallow recession. With expected business activity lifting into positive territory, can we be cautiously optimistic? He then unpacks US data released overnight indicating a robust job market and significant price movement in the bond market. Tune in for the full update below.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-06-3005 minJMI Wealth Market Update29/06/23 - Labour Market - Aussie Inflation - Taylor SwiftIt’s a morning of data across Australasia as Andrew Kelleher looks at Stats NZ’s monthly employment indicators, and comments that it supports yesterday’s view of the labour market. He then reports on some good news for Australian inflation as the monthly CPI falls to 5.6%, and the speculation around the Queen of pop Taylor Swift’s concert announcement being a factor in lifting Australian consumer confidence. Tune in below for the full analysis by JMI Wealth Director Andrew Kelleher.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-06-2805 minJMI Wealth Market Update28/06/23 - NZ Employment Market - US Data - US Economy - Carbon MarketHas the job market turned? JMI Wealth Director Andrew Kelleher reviews the figures from the Westpac McDermott Miller Consumer Confidence index and comments that although employment confidence has fallen, the market is only cooling a little. Next, he unpacks the strong data from the US overnight and discusses the main factor influencing the carbon market. Listen to the full market update to learn more on the situation locally and globally.For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-06-2805 minJMI Wealth Market Update22/06/23 - Fletcher Building - SeekaWhat does the outlook look like for NZX listed company Fletcher Building? JMI Wealth Director Andrew Kelleher reviews the outcomes of yesterday’s investor day as their profit guidance earnings forecast drops down to 800M, and their Tauranga plant begins production trials. In the horticulture sector, he unpacks Seeka’s guidance report as it shows clear evidence of tough times for the produce provider. Tune in for the full analysis.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-06-2205 minJMI Wealth Market Update21/06/23 - Global Dairy Trade - Consumer ConfidenceIt’s not often we see this type of movement in the Global Dairy Trade space as JMI Wealth Director Andrew Kelleher reports a no change outcome of the index, but can China’s demand shift the dial? He then unpacks the figures from the Westpac McDermott Miller Consumer Confidence survey as the headline reads ‘a little less glum but still gloomy’ as households remain deeply pessimistic about the economic landscape. Listen to the full commentary to learn more on these outcomes.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-06-2105 minJMI Wealth Market Update16/06/23 - GDP - REINZJMI Wealth Director Andrew Kelleher unveils GDP data indicating that we are in a technical recession with record low levels of employment, with businesses feeling their margins getting squeezed and profitability being affected. Next, he shares insights from REINZ data indicating the housing index dipping over the last 12 months, while having early signs of returning confidence as sales volume starts rising in some regions. Tune in for more market insights.
For more market insights and our terms and conditions, visit www.jmiwealth.co.nz.2023-06-1605 minJMI Wealth Market Update15/06/23 - FOMC - Current Account - Carbon AuctionBreaking news! JMI Wealth Director Andrew Kelleher reveals that the Fed is pausing interest rate hikes and signalling two more likely increases this year to fight inflation. He also explores the narrowing New Zealand Current Account deficit and the insights around this. Tune in and hear the full commentary to learn more.
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2023-06-1505 minJMI Wealth Market Update14/06/23 - Migration - China Interest - USCPIJMI Wealth Director Andrew Kelleher reveals the impact of the sharp drop in April's migration numbers revealed by Stats New Zealand. Next, he shares insights on People's Bank of China unexpectedly implementing policy rate cuts ahead of addressing key policy rates later this week.
Stay tuned for more valuable market updates.
For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz.
2023-06-1405 minJMI Wealth Market Update13/06/23 - ECT - Bull MarketExciting news for investors as the Bull Market is back! JMI Wealth Director Andrew Kelleher discusses the resurgent share market and the benefit of global exposure. Next, he delves into Stats New Zealand's electronic card transaction data revealing reduced spending and indicating a slowing economy. Stay tuned for further updates on this captivating financial landscape.
For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz2023-06-1305 minJMI Wealth Market Update09/06/23 - NZ Economy - China - AK Airport Air NZJMI Wealth Director Andrew Kelleher unveils what it means for investors as the New Zealand government reveals a $7 billion operating forecast deficit! Stats NZ’s Q1 Business Financial data indicates manufacturing volumes are down as only 6 out of 14 industry classifications saw an increase in sales. Andrew keeps an eye on data coming out of China as we are seeing weaker exports and imports, more on this next week. Lastly, Auckland Airport's new developments are raising concerns over rising costs - should you be worried? Stay informed with JMI Wealth.
For more market insights and our terms and co...2023-06-0905 minJMI Wealth Market Update08/06/23 - Infratil - Pacific Edge LimitedBig news in the New Zealand market as JMI Wealth Director Andrew Kelleher unpacks Infratil’s acquisition of One NZ, as they are set to up their ownership to 99.9 per cent. Next, he looks into the situation for Pacific Edge Limited as their share price takes a massive hit following the loss of Medicare coverage, what will this mean for the biotech company and will they bounce back?
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2023-06-0805 minJMI Wealth Market Update07/06/23 - Global Dairy Trade - RBA - A2 - Synlait - EBOSMovement is happening across the board as the Global Dairy Trade auction falls 0.9% and JMI Wealth Director Andrew Kelleher comments on the difficulty for the index to string a series of positive results. He then looks at the RBA’s OCR lift and forewarning that rates could go higher as inflation expectations aren’t falling. Lastly, he touches on the significant loss for EBOS as they lose major client Chemist Warehouse. Tune in to hear Andrew’s analysis of these situations.
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2023-06-0705 minJMI Wealth Market Update06/06/23 - Oil - RBA - ChinaWelcome to Tuesday’s Mike Hosking Breakfast show, where JMI Wealth Director Andrew Kelleher focuses in on the oil markets following the OPEC+ meeting in Vienna. What will the announcements from this meeting mean for countries trying to get a handle on inflation? Next, he casts his gaze over the Tasman to the RBA as they reassess their cash rate later today and keeps an eye on the Chinese market as a data dump is set to come this week.
For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz2023-06-0605 minJMI Wealth Market Update02/06/23 - Michael Hill - US Markets - US Debt CeilingJMI Wealth Director Andrew Kelleher unpacks Michael Hill’s recent trading update to discuss the acquisition of Bevilles Jewellers, the challenges faced with New Zealand’s weather events and resurgence of security incidents. Hear on this and Andrew’s thoughts on the US Debt Ceiling outcome as it moves from the House of Representatives to the Senate.
For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz2023-06-0204 minJMI Wealth Market Update01/06/23 - ANZ Outlook - Australian CPIDiscover the latest insights on the Australasian business landscape with Andrew Kelleher's expert analysis, brought to you by JMI Wealth. Tune in to stay informed on the 13-point rise in business confidence from the ANZ Business Outlook, the 6.8% increase in the Australian April Consumer Price Index report, and the latest market figures.
For more market insights and for our terms and conditions, visit www.jmiwealth.co.nz2023-06-0105 min