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15 June 2023 • By Charbel Kadib • 1 min read

NZ slips into recession as rate hikes take toll

The New Zealand economy has contracted for the second consecutive quarter amid rapid monetary policy tightening from the nation’s central bank

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Fed actions hawkish ‘skip’, revises rate projections

The central bank has left the funds rate on hold but now expects further rate hikes over the medium-term. The Federal Open Market Committee (FOMC) ...

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May jobs numbers revealed, exceed expectations

The latest labour market statistics have been published, surprising markets for the second consecutive month. The seasonally adjusted unemployment ...

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State Street Alpha platform to support ETF ‘life cycle’

The firm has expanded its asset servicing platform as the global ETF market approaches $15 trillion. State Street has expanded the capabilities of ...

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JPMorgan rolls out sustainable investment data solutions for institutional investors

The firm has launched its latest product suite in a bid to centralise data for sustainable investing. JPMorgan has announced the launch of its ...

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DM equities blind to looming recession: BlackRock

The “new macro regime” calls for “selective” investment, according to the global asset manager, which fears developing markets are not pricing in the ...

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Beware the ‘false dawn’ in the property market: Oxford Economics

The recent “stabilisation” in residential property markets is unlikely to endure, with the protracted battle against inflation threatening to trigger ...

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ETF inflows drive yet another record month

The local ETF industry has seen its fifth consecutive record month. Australia’s ETF industry funds under management (FUM) rose 1 per cent or $1.4 ...

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No rate relief in 2023: CBA, HSBC

A consensus has developed among economists, which now expect further interest rate hikes in the coming months and no easing any time soon

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ASIC, APRA see urgent need for cyber risk forum

Superannuation fund CEOs have agreed that a “safe space” to share experiences would be of great benefit to the industry. The Australian Securities ...

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