Devon Funds Management Market Update

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why some context should be taken from the market sell-off following disappointing US jobs numbers. He also outlines why there was a huge fall in Intel shares and weakness in Amazon, while Apple edged up, following their respective results. Back home with The Warehouse takeover offer falling at the first hurdle, he suggests there may be another twist in the story yet.

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Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why markets have responded positively to the latest US inflation numbers. He also discusses why Post-It Notes maker 3M has seen its biggest share price rise in more than half a century. Back home he looks at the silver lining for kiwi consumers from the recent confidence survey.

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Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the impact and takeaways from the biggest IT outage in history following a bungled software update from cyber security firm Crowdstrike. He also discusses the reaction to results from Netflix which showed that the streaming giant’s initiatives around password sharing and an ad supported tier are proving highly successful.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the latest troubles at Sky City Entertainment. He also discusses the implications of a hot jobs print in Australia, as well as strong results from Volvo which has seen an acceleration in sales of electrified cars.

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Devon Funds Head of Retail Greg Smith gives his views to Mike Hosking on the lower-than-expected inflation print in NZ and why the RBNZ might cut rates in the coming months as a result. He also discusses an encouraging inflation print in the UK and why investors are continuing to rotate out of chip stocks, including Nvidia.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith speaks to ZB’s Mike Hosking about results from a couple of the big US banks, and discusses what has caused the Dow to surge to a fresh record high. With the odds increasing of Donald Trump returning to the White House, he considers what this means for certain corners of the market, and whether there are other factors driving sentiment at the moment.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith speaks to Mike Hosking about the widespread weakness across the NZ economy, evident in prints on the retail and manufacturing sectors. There are however some positives to grasp. Offshore he discusses the rotation that potentially appears to be playing out in the US markets, with inflation falling, and a Fed rate cut now getting much nearer.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Andrew Dickens about why Friday’s US jobs numbers drove the S&P500 and Nasdaq to new record highs. He also discusses what has driven the turnaround in Tesla, which until recently has been the ugly duckling of the “Magnificent 7” technology companies.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the latest inflation numbers in the US, with the Fed’s preferred inflation gauge hitting the lowest level since March 2021. Up for discussion as well are what sparked the biggest fall in Nike’s share price in over three decades. He also looks at the likely implications of China’s factory activity contracting for the second straight month.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about why interest rates look set to rise further in Australia following the latest inflation print. He also explains why FedEx’s share price has had the biggest one day rise since 1986. Also up for discussion is the logic for a potential US$5b investment by Volkswagen into an EV start-up.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz