The Day Today

"The Day Today" - 12 Sept

* RBNZ become first G10 central bank to signal rate hikes: “OCR increases will likely be required next year…We expect to keep the OCR unchanged in 2013” * But Governor Wheeler tries to talk down the ccy: “Overvalued NZD is a problem…would like to see a weaker NZD” 

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"The Day Today," - 11 Sept


* Obama: Asks Congress to postpone a vote on military strike on Syria; Orders military to maintain its position to keep pressure on Assad; US is not the world’s policeman   {NSN MSY2H76TTDS1 <go>}

* France: Draft to UN Security Council to give Syria 15 days to declare chemical weapons

* WSJ: Obama Rescues Assad


* Wholesale prices +2.4% YoY,

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"The Day Today" - 9 Sept

  • Chinese Premier Li writes in FT – ‘China will stay on the path of reform…we can no longer afford..the old model of high consumption and high investment’ and that 7% growth is the “lower limit” to ensure steady growth and employment
  • Guardian: John Kerry careful not to rule out return to UN for Syria resolution


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"The Day Today" - 3 Sept

* RBA keep rates unch at 2.5% but omit the phrase “inflation outlook could provide some scope to ease policy further”. AUD rallied 50pts as this considered ‘not dovish’ although better to say it’s neutral ahead of the general election

* AUD retail sales +0.1% MoM vs +0.4% exp and flat prior

* AUD C/A wider at -9.4Bn vs -8.5bn exp and -8.7bn prior

* Japan monetary base +42%,

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