NZ: Market movers for the week – Deutsche Bank

Research Team at Deutsche Bank, suggests that there are a number of local reports from NZ due this coming week.

Key Quotes

“On Tuesday the market will doubtless pay attention to the various inflation and wage expectations indicators in the RBNZ’s quarterly Survey of Expectations given that the moderation recorded in the February survey helped motivate the surprise policy easing delivered by the RBNZ in March (these should firm a little in light of firmer petrol prices).

On Wednesday we receive the Q1 PPIs and the results from the second GDT dairy auction of the month (futures prices for the latter have been relatively stable). On Thursday the ANZ will release its latest job ads and consumer confidence reports (both firmed a month ago). The week concludes with the international travel and migration report for April.

We suspect that base effects associated with the timing of Easter will lower annual growth in visitor arrivals temporarily in the month. We will be interested to see whether last month’s slight moderation in long-term migrant arrivals proves to be more than fleeting.”