A rapid update via ANZ NZ on what to watch from the Reserve Bank of New Zealand
- The global economic outlook just took a sharp turn for the worse.
- We now expect OCR cuts in August, September and November.
The August RBNZ meeting is tomorrow
The August RBNZ meeting is tomorrow
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WesBanco's Q1 revenue missed, but EPS beat. CRE payoffs hit loan growth, yet deposits rise. Valuation at $3.32B.
Iren drops 8% on AI spending fears & price cut. Valuation concerns rise as demand stabilizes.
MANH's cloud revenue jumps 24%, AI pilots convert to paid subs. Guidance lifted, but watch margins.
WM beat EPS estimates but missed revenue. Operating margin up, FCF strong. Buy?
AKR's FFO hits $0.30/share, shares up 3% YTD. Full-year outlook $1.22-$1.26.
Meta's AI spend pressures margins, but future ad revenue & chatbots promise big returns. Valuation may be too low.
Teradyne's 87% revenue jump & strong AI ties boost Q1. Guidance beats estimates, but watch 5-yr growth.
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