Devon Funds Management Market Update

Devon Head of Retail Greg Smith talks to Mike Hosking about

He also discusses the implications of a surprise fall in Aussie unemployment for the RBA’s next meeting on interest rates.

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JMI Wealth Director Andrew Kelleher talks to Mike Hosking about Fletcher Building’s media response. Will it mitigate the share market reaction? Next, he discusses Sky TV's expression of interest in acquiring the shares. He also shares his insights on the card spending data that was released on Friday – what is the underlying momentum?  He finishes off with comments on the election and market figures for today.

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Devon Head of Retail Greg Smith talks to Mike Hosking about the fallout from events in Israel over the weekend on markets and commodity prices. He also discusses a blow-out jobs number in the US which was double forecasts, and what appears to have been a “Golden Week” for Chinese shoppers during a key holiday period.

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Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the better-than-expected inflation numbers from the US and Europe, and whether these may tick a few boxes for central banks looking to wrap up rate tightening programs. He also discusses the take-aways from Nike’s results beat and particularly as it relates to China. Closer to home he looks at a consumer confidence read, which nudged higher in September, but only just, and with kiwi consumers very cautious still near term.

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Devon Head of Retail Greg Smith talks to Mike Hosking about the Bank of Japan’s decision to leave interest rates in negative territory, and what it says about the country’s historic battle with deflation over several decades. He also discusses global prints on economic activity which have come in particularly soft in Europe on the manufacturing side. Back home he observes another monthly trade deficit, and what might turn the situation around.

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Devon Head of Retail Greg Smith talks to Mike Hosking about the other IPOs lining up behind Arm, with online grocery company Instacart up this week, and Birkenstock hot on its heels. He also discusses what uranium prices are on a tear, and just how far away the Apple watch is from having glucose monitoring capabilities.

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Devon Head of Retail Greg Smith talks to Mike Hosking about the latest monthly job figures across the Tasman, which are nearly triple what was forecast. He also discusses why investors are celebrating the 10th successive rate hike by the European Central Bank, and higher than expected wholesale inflation numbers in the US.

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Devon Head of Retail Greg Smith talks to Mike Hosking about the strong numbers from Briscoes which has delivered record half-year sales and earnings just 6% lower than a year ago. He also discusses the green shoots in the property market, with median prices rising again, transactions on the up, and stock moving quicker.

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Devon Head of Retail Greg Smith talks to Mike Hosking about his take on the Pre-election Economic Update from the Treasury which had no big surprises but plenty of assumptions. Net migration has mitigated some of the economic headwinds, hitting a record level, which is also a double-edged sword in some respects.

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Devon Funds Head of Retail Greg Smith talks to Mike Hosking about Australia's largest super fund's move to invest in digital infrastructure. He also poses a dilemma for the ECB with the European Commission revising growth forecasts down and inflation forecasts up. The Bank of Japan meanwhile looks to be considering an end to its negative interest rate policy.

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