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Never miss an opportunity with high impact economic event coverage, expert commentary, videos and more from our global market analysts.

27 September 2022 -

Pound Craters| Costa Group 

US markets (S&P 500 Index -0.8%) fell on Monday to reach their lowest close this year. The S&P 500 is now approximately 24% off its 2022 peak. Rate hikes, bond yields, inflation, and now a strengthening USD (+0.9%) is contributing to the rout in stocks, as US multinationals become less competitive in the global market. 

23 September 2022 -

BoJ intervenes | Pacific Edge 

US markets (S&P 500 Index -0.8%) fell for a second session following the US Federal Reserves’ rate hike. A fear persists that the Fed’s actions will push the US economy into recession. Stocks dependent on a strong economy took the hardest hit on Thursday, with consumer discretionary (-2.2%) and Financials (-1.7%) the worst-performing sectors. 

22 September 2022 -

Stocks slump, dollar rises | Air NZ 

US markets (S&P 500 Index -1.7%) gave up early gains on Wednesday after the US Federal Reserve raised rates by 75-basis-points to the 3%-3.25% range during its September meeting. All sectors closed the day in the red, led by Consumer Discretionary (-2.4%) and Communication Services (-2.3%). 

21 September 2022 -

FOMC begins | King Salmon 

US markets (S&P 500 Index -1.1%) fell as Treasury yields rose ahead of the US Federal Reserve rate decision, due on Thursday (NZDT). Markets are now perhaps content with a third consecutive 75-basis-points hike from the Fed. Thus, markets are preparing for projections that the central bank will deliver this week concerning its future rate rises, inflation, and economic growth. 

20 September 2022 -

Adobe Inc: Fade Figma

We initiate coverage of Adobe Systems Inc with a BUY rating. Recently the stock plunged +16% intraday due to its $20B acquisition of Figma, a collaborative workflow platform. Adobe is the software company behind Photoshop, inDesign, Adobe Acrobat (.pdfs) and other design-orientated software. The bulk of its revenue comes from Creative Cloud subscriptions, which are paid on a recurring basis.

20 September 2022 -

Pandemic Over | KMD (Kathmandu) Brands 

US markets (S&P 500 Index +0.7%) overcame an immediate low opening to close the day positive. Even so, investors are on edge for the Fed rate rise that arrives on Thursday (NZDT). A 100-basis-points hike will likely unnerve Wall Street. In other news, US President Joe Biden announced that the Covid-19 pandemic was over in the US in an interview with 60 minutes that aired Sunday night. As such, Consumer discretionary (+1.4%) stocks moved higher on the day.

19 September 2022 -

Week ahead | FOMC Decision, Lynas Rare Earths

US markets (S&P 500 Index -0.7%) extended losses on Friday, selling off for the third week in a row. Looking back over the last four weeks, the summer rally which peaked in mid-August, looks like a bear market bounce. European markets (Stoxx 600 Index, -1.6%) slipped on Friday with all major sectors in the red as rate hikes, growth fears, and continuing volatility in energy prices weighed on stocks.  

15 September 2022 -

Sell-off Exhausted | Tesla 

US markets (S&P 500 Index +0.3%) ended Wednesday in the green after a choppy session, perhaps exhausting the extreme sell-off sentiment from the previous day. The unexpected result from the US inflation report released on Tuesday had prompted speculation that stocks could start to head back to their June lows in reaction to a more aggressive Federal Reserve. Top performers of the day include Moderna (+6.2%), Starbucks (+5.5%), and Royal Caribbean Cruises (+5.4%).  

14 September 2022 -

Massive Sell-off | James Hardie

US markets (S&P 500 Index –4.3%) experienced their worst day since June 2020 as US inflation subsided less than expected (data showed an annual inflation rate of 8.3% versus 8.1% expected). As such, investors are bracing for the US Federal Reserve to ramp up its rhetoric about taming inflation. Bets are rising that next week’s rate hike will be 75-basis-points or greater, with the market now pricing in +84bps at 21st Sept Fed meeting.

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