Devon Funds Management Market Update

Devon Funds Head of Retail Greg Smith talks to ZB’s Tim Dower about the US jobs numbers which came in much better than expected. He also discusses a very strong result from Apple, which was driven by robust iPhone sales, further allaying any concerns over the US consumer, a key economic growth engine.

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Devon Funds Head of Retail Greg Smith talks to Mike Hosking about what can be gleaned from robust half-year numbers from BNZ , and also the results of parent company National Australia Bank. He also discusses a fall in new home consents, and a very strong sales update from retailer Briscoes.

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Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the surprise decision by the RBA in Australia to increase interest rates having hit the pause button last month. On this side of the Tasman, he looks ahead to the RBNZ stability report, which we have already had a sneak peak on, with the central bank acknowledging the financial pain on household and businesses from higher interest rates, while also recognising that the property market has cooled sufficiently to ease loan to value restrictions.

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 relief that has set in within the US banking sector on that announcement JP Morgan Chase is acquiring beleaguered regional lender First Republic. He also discusses the strong rebound in the global cruise ship industry following numbers from Norwegian Cruise Lines. Back home, Greg looks at the latest cost of living indices, which suggest that ‘true’ inflation is actually higher than the CPI suggests.

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about what to make of the latest results from big US companies, Amazon, Intel and Exxon Mobil. He also discusses what two key US inflation prints mean ahead of this week’s Fed decision on interest rates.

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

Devon Funds Head of Retail Greg Smith talks to Mike Hosking about the reasons for the surge in Meta Platforms' share price following the Facebook owner's earnings release. Back home, he discusses the rather modest investor reaction to Air New Zealand's big earnings upgrade, and a rally in Auckland Airports on speculation the Auckland Council is readying to sell its stake.

Devon Funds Head of Retail Greg Smith speaks to ZB’s Tim Dower about the extent to which we should be celebrating following the latest headline inflation number, which was sharply lower than expected. Also up for discussion are Tesla’s lower than expected profit margins, with shares in the EV maker under the pump.

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

Devon Head of Retail Greg Smith talks to Tim Dower about the surge in kiwi food prices, which are increasing at the fastest rate in over 30 years. There are some silver linings however, as there is also for the kiwi services sector. Over in the US he looks at the latest results from the financial sector, with some unsurprising changes in behaviour by depositors following last month’s banking crisis as well as on the back of rising interest rates.

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 latest inflation numbers from the US and Europe which have come in lower-than-expected. Back home he looks at what a recent confidence survey says about the state of the kiwi consumer.

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

Devon Head of Retail Greg Smith speaks to ZB’s Mike Hosking about the Bank of England’s decision to follow the Fed with a 25bps rate rise.  He also discusses whether we should be worried about another big bank failure in Europe, with concerns surfacing over German lender Deutsche Bank. Back home he picks though the highlights from Infratil’s Investor day. 

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