Devon Funds Management Market Update

Devon Head of Retail Greg Smith talks to Mike Hosking about the excitement around this week's listing of chip firm Arm, the biggest IPO in nearly two years, and whether AI is worth all the hype. On the inflation front, he looks at the differing experiences in China, the world's second-largest economy, and Germany, the so-called "sick man of Europe."

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Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the stronger than expected jobs numbers out of the US, along with robust numbers and forecasts from IT bellwether Dell, and yoga pants maker Lululemon. Back home he discusses a pick-up in kiwi consumer confidence numbers, albeit just, and from very low levels.

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Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about Fed Chair Jerome Powell’s speech from Jackson Hole and why the market traction was so positive. Back home he looks at a resilient result from Port of Tauranga, and how jeweller Michael Hill is polishing its exposure

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the impact of Fonterra’s latest downgrade to the forecast milk payout. On a brighter note, he discusses results from Spark New Zealand with the telco’s mobile business the standout, and further growth coming from the rollout of 5G coverage.

Listen to the full commentary below to hear Greg's views.

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

Devon Head of Retail Greg Smith talks to Mike Hosking about the good news forthcoming from Fonterra as well as on fruit and vege prices which are now falling without any government assistance. Offshore he discusses the latest consumer confidence numbers out of the US, and why there is cause to cheer for the UK economy.

Listen to the full commentary below to hear Greg's views.

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

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the latest jobs numbers out of the US which were below expectations. He also provides his view on whether we should be worried about the downgrade by Fonterra to the forecast milk payout.

Listen to the full commentary below to hear Greg’s views.

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

Devon's Head of Retail, Greg Smith, talks to ZB’s Mike Hosking about what is driving the Dow, which has risen for 13 sessions in a row, the longest winning streak in 1987. The Fed raised rates as expected while US earnings continue to be robust. Also up for discussion is engine maker Rolls Royce whose shares have surged 20%. Closer to home, he considers whether softer-than-expected Aussie inflation numbers mean the RBA is done with rate hikes.

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

Devon's Head of Retail, Greg Smith, talks to ZB’s Mike Hosking about US consumer confidence, which has hit the highest level in two years. He also discusses China’s latest commitment to support its economy, and the implications for the mining sector and the world economy generally. Up for consideration as well are the takeaways from the stellar results announced by LVMH, the world’s largest luxury goods maker.

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

Devon's Head of Retail, Greg Smith, talks to ZB's Mike Hosking about Elon Musk rebranding Twitter as X, and discusses the energy sector which has driven the Dow higher for the 11th consecutive session. He also looks at what drove a surprise NZ trade surplus in June.

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

Devon's Head of Retail, Greg Smith, talks to ZB's Mike Hosking about results from American Express which unimpressed investors despite management noting that the company was firing on all cylinders. He also discusses what to make of 'Barbenheimer', with 'Barbie' and 'Oppenheimer' collectively smashing box office records on their opening weekends.