Devon Funds Management Market Update

Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about weak retail sales numbers out of the US and what this means for the Fed meeting which is underway. Back home, he ponders the still astonishing rise in food prices. Also, up for discussion is one of the surprises from the Bank of Japan's policy meeting.

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Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the hurdles facing a ~A$30 billion takeover bid for energy giant Santos, and what has driven a takeover bid for campervan operator Tourism Holdings. He also discusses whether a surge in retail sales last month means China is in better shape than previously thought.

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Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about the impact of soaring oil prices amidst escalating tensions in the Middle East, and how this could also affect US consumers who have been feeling more optimistic of late. Back home, he discusses what the Kiwi manufacturing sector slipping back into contraction says about the broader economy.

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

Devon Funds Head of Retail Greg Smith talks with ZB's Mike Hosking on why Kiwi consumers should get out and spend following the latest card spending numbers. He also reviews how AI has driven a huge result from software giant Oracle, and why there should be cautious optimism over a soft wholesale inflation print in the US.

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 some mixed news for the kiwi economy with net migration at the lowest levels since 2014 (ex-Covid), but tourism numbers are pumping. He also discusses why potential buyers may be attracted to Fletchers and casts his view on the latest US inflation numbers which have come in on the soft side.

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Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about more good news for the kiwi agricultural sector, with our biggest apple producer raising earnings guidance. The champagne however may be on ice for the broader kiwi economy with the light and heavy traffic indices both falling in May. Meanwhile, the prospect of further rate cuts across the Tasman has increased following the latest prints on consumer confidence and business conditions.

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Devon Funds Head of Retail Greg Smith talks to ZB's Mike Hosking about why China and Japan may both be more motivated to get a trade deal done with the US following data out Monday. He also looks at how the Kiwi agricultural sector appears to be taking tariffs in their stride, with red meat exports to the US up 39% in April from a year ago.

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 relief around a strong set of US jobs numbers and the outlook for Tesla after the end of the bromance between Elon Musk and Donald Trump. He also discusses why SkyCity has taken the gloves off against Fletchers, suing the company for over $330 million.

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Devon Funds Head of Retail Greg Smith speaks to ZB's Mike Hosking about Budget 2025, and in particular, the changes to KiwiSaver and business investment incentives. Also up for discussion, are some minnows from the reporting season in Oceania Healthcare, AFT Pharmaceuticals, and My Food Bag.

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 a cracking result from Napier Port, with logs and apples driving container volumes. He also discusses results from big US discounter Target which were off the mark, and why Japan is doing it tough amidst the trade war.

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