Devon Funds Management Market Update

Devon's Head of Retail, Greg Smith, talks to Mike Hosking about Tesla’s results, with the company selling plenty of EV’s, but cutting prices to do so. He also reviews results from Netflix which has been able to engineer renewed subscriber growth following a global crack-down on password sharing. Both stocks fell heavily but are up strongly year to date.

Devon's Head of Retail Greg Smith talks to ZB’s Mike Hosking about his take on the latest inflation print in NZ, which has fallen sharply at the headline level, but while domestically driven inflation remains persistent. He also discusses the differing market reactions to falling inflation numbers in the UK and Europe.

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Devon's Greg Smith talks to ZB's Mike Hosking about what softer than expected US retail sales data, but better than expected earnings from two big banks, mean for the world's largest economy. Back home he discusses the key takeaways of the bid for Metro Performance Glass which has been rejected by the company's Board.

Devon Head of Retail Greg Smith talks to Mike Hosking about the state of the global manufacturing sector which is in contraction mode, while the economic impacts are being offset by a strong services sector. He also looks at why Big Tech are backing a call to invest more in India, and touches on inflation numbers which are continuing to fall across Asia.

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 why the Bank of England has put through a jumbo rate hike, in a decision which has surprised many. He also discusses kiwi credit card spending patterns, which are moderating at home, but flying higher abroad.

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 why US consumers are feeling more upbeat according to a key survey. He also covers off investor reaction to Virgin Galactic's announcement that space tourism is imminent with the first commercial flight set to take off next week. In what was a busy week for central banks, he discusses why the Bank of Japan is playing it so cool.

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 week ahead, mapping out what will be a big few days for central banks, with decisions due in the US, Europe and Japan. Back home he looks at the prospect for NZ avoiding a technical recession when March GDP numbers come out on Thursday.

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

Devon Head of Retail Greg Smith speaks to Mike Hosking about the relief that investors will be feeling with news that US debt ceiling negotiations have finally yielded an in-principle agreement over the weekend. Back home he discusses what to make of Fisher and Paykel Healthcare, which sold off following its results, as the business normalises post Covid, but as some very strong growth drivers remain.

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 surge in Ryman’s share price following full year results from the retirement care operator. He also discusses whether we should be concerned about the lack of resolution on the US debt ceiling, with the ‘X date’ of June 1 fast approaching. 

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

Devon Funds Head of Retail Greg Smith speaks to Mike Hosking about a better-than-expected sales update from The Warehouse, which highlighted the wider spending shifts in the NZ economy. He also discusses a turnaround in annual net migration, with gains driven by arrivals of non-NZ citizens, with kiwis leaving at the highest rate since 2013. Elsewhere, with a “remerger” now off the table, he looks at the contrasting results between Newscorp and Fox.

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