- Westpac IQ
- Search
Search Westpac IQ
Searching...
Latest news
-
Macro FX Trade Ideas
Weekly tactical and medium term strategic trade ideas from Westpac's macro FX team.
-
Westpac Strategy Antipodean Daily Wrap
Are we there yet.
-
Commodities Update September 2025
Gold rallies to record highs on Fed fears while crude oil facing down a supply surge
-
First Impressions: NZ Current account and IIP, June quarter 2025
Revisions have substantially lowered historical estimates of the current account deficit. Data for the year to the June quarter reports a further decline to 3.7% of GDP – a 4-year low.
- NZGB Tender Preview
A preview of the forthcoming weekly NZGB tender, as well as observations on the NZGB market.
-
Strategy Views on a Page
A summary of Westpac Strategy Group's key market views
September 17 2025
-
Leading Index slips back below trend
The six-month annualised growth rate in the Westpac–Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, dropped back to –0.16% in August from +0.11% in July.
-
Around the Grounds
Today’s note includes comments on Angle Asset, Pepper, BC Invest.
-
Westpac McDermott Miller Consumer Confidence, September quarter 2025
The Westpac McDermott Miller Consumer Confidence index edged down 0.3 ppts in September to a level of 90.9 – effectively unchanged from the June quarter and still a fair way below historic averages.
20
{"topicSelector":[{"tagId":"westpaciq:topics/aud","name":"aud","description":"","title":"AUD","url":"/topic.aud"},{"tagId":"westpaciq:topics/interestrates","name":"interestrates","description":"","title":"Interest rates","url":"/topic.interestrates"},{"tagId":"westpaciq:topics/usd","name":"usd","description":"","title":"USD","url":"/topic.usd"},{"tagId":"westpaciq:topics/nzd","name":"nzd","description":"","title":"NZD","url":"/topic.nzd"},{"tagId":"westpaciq:topics/australia","name":"australia","description":"","title":"Australia","url":"/topic.australia"},{"tagId":"westpaciq:topics/newzealand","name":"newzealand","description":"","title":"New Zealand","url":"/topic.newzealand"},{"tagId":"westpaciq:topics/rates","name":"rates","description":"","title":"Rates","url":"/topic.rates"},{"tagId":"westpaciq:topics/credit","name":"credit","description":"","title":"Credit","url":"/topic.credit"},{"tagId":"westpaciq:topics/rba","name":"rba","description":"","title":"RBA","url":"/topic.rba"},{"tagId":"westpaciq:topics/commodities","name":"commodities","description":"","title":"Commodities","url":"/topic.commodities"},{"tagId":"westpaciq:topics/inflation","name":"inflation","description":"","title":"Inflation","url":"/topic.inflation"},{"tagId":"westpaciq:topics/acgb","name":"acgb","description":"","title":"ACGB","url":"/topic.acgb"},{"tagId":"westpaciq:topics/ustreasury","name":"ustreasury","description":"","title":"US Treasury UST","url":"/topic.ustreasury"},{"tagId":"westpaciq:topics/jpy","name":"jpy","title":"JPY","url":"/topic.jpy"},{"tagId":"westpaciq:topics/us","name":"us","description":"","title":"US","url":"/topic.us"},{"tagId":"westpaciq:topics/abs","name":"abs","description":"","title":"ABS","url":"/topic.abs"},{"tagId":"westpaciq:topics/rbnz","name":"rbnz","description":"","title":"RBNZ","url":"/topic.rbnz"},{"tagId":"westpaciq:topics/eur","name":"eur","description":"","title":"EUR","url":"/topic.eur"},{"tagId":"westpaciq:topics/yieldcurve","name":"yieldcurve","description":"","title":"Yield curve","url":"/topic.yieldcurve"},{"tagId":"westpaciq:topics/fx","name":"fx","description":"","title":"FX","url":"/topic.fx"},{"tagId":"westpaciq:topics/gbp","name":"gbp","description":"","title":"GBP","url":"/topic.gbp"},{"tagId":"westpaciq:topics/ois","name":"ois","description":"","title":"OIS","url":"/topic.ois"},{"tagId":"westpaciq:topics/fomc","name":"fomc","description":"","title":"Federal Reserve FOMC","url":"/topic.fomc"},{"tagId":"westpaciq:topics/europe","name":"europe","description":"","title":"Europe","url":"/topic.europe"},{"tagId":"westpaciq:topics/forecasts","name":"forecasts","description":"","title":"Forecasts","url":"/topic.forecasts"},{"tagId":"westpaciq:topics/podcast","name":"podcast","description":"","title":"Podcast","url":"/topic.podcast"},{"tagId":"westpaciq:topics/whatspricedin","name":"whatspricedin","description":"","title":"What\u0027s priced in","url":"/topic.whatspricedin"},{"tagId":"westpaciq:topics/semigovernment","name":"semigovernment","description":"","title":"Semi government","url":"/topic.semigovernment"},{"tagId":"westpaciq:topics/basis","name":"basis","description":"","title":"Basis","url":"/topic.basis"},{"tagId":"westpaciq:topics/bonds","name":"bonds","description":"","title":"Bonds","url":"/topic.bonds"},{"tagId":"westpaciq:topics/nz","name":"nz","description":"","title":"NZ","url":"/topic.nz"},{"tagId":"westpaciq:topics/macro","name":"macro","description":"","title":"Macro","url":"/topic.macro"},{"tagId":"westpaciq:topics/uk","name":"uk","description":"","title":"UK","url":"/topic.uk"},{"tagId":"westpaciq:topics/china","name":"china","description":"","title":"China","url":"/topic.china"},{"tagId":"westpaciq:topics/ecb","name":"ecb","description":"","title":"European central bank ECB","url":"/topic.ecb"},{"tagId":"westpaciq:topics/housing","name":"housing","description":"","title":"Housing","url":"/topic.housing"},{"tagId":"westpaciq:topics/crossmarket","name":"crossmarket","description":"","title":"Cross market","url":"/topic.crossmarket"},{"tagId":"westpaciq:topics/crosscurrencyxccy","name":"crosscurrencyxccy","description":"","title":"Cross currency XCCY","url":"/topic.crosscurrencyxccy"},{"tagId":"westpaciq:topics/consumer","name":"consumer","description":"","title":"Consumer","url":"/topic.consumer"},{"tagId":"westpaciq:topics/bbsw","name":"bbsw","description":"","title":"BBSW","url":"/topic.bbsw"},{"tagId":"westpaciq:topics/currencies","name":"currencies","description":"","title":"Currencies","url":"/topic.currencies"},{"tagId":"westpaciq:topics/morningreport","name":"morningreport","description":"","title":"Morning Report","url":"/topic.morningreport"},{"tagId":"westpaciq:topics/ironore","name":"ironore","description":"","title":"Iron ore","url":"/topic.ironore"},{"tagId":"westpaciq:topics/westpacwrap","name":"westpacwrap","description":"","title":"Westpac Wrap","url":"/topic.westpacwrap"},{"tagId":"westpaciq:topics/retail","name":"retail","description":"","title":"Retail","url":"/topic.retail"},{"tagId":"westpaciq:topics/employment","name":"employment","description":"","title":"Employment","url":"/topic.employment"},{"tagId":"westpaciq:topics/chartpacks","name":"chartpacks","description":"","title":"Chart packs","url":"/topic.chartpacks"},{"tagId":"westpaciq:topics/gdp","name":"gdp","description":"","title":"GDP","url":"/topic.gdp"},{"tagId":"westpaciq:topics/boj","name":"boj","description":"","title":"BOJ","url":"/topic.boj"},{"tagId":"westpaciq:topics/asia","name":"asia","description":"","title":"Asia","url":"/topic.asia"},{"tagId":"westpaciq:topics/labour","name":"labour","description":"","title":"Labour","url":"/topic.labour"},{"tagId":"westpaciq:topics/boe","name":"boe","description":"","title":"BOE","url":"/topic.boe"},{"tagId":"westpaciq:topics/securitisation","name":"securitisation","description":"","title":"Securitisation","url":"/topic.securitisation"},{"tagId":"westpaciq:topics/rmbs","name":"rmbs","description":"","title":"RMBS","url":"/topic.rmbs"},{"tagId":"westpaciq:topics/cmbs","name":"cmbs","description":"","title":"CMBS","url":"/topic.cmbs"},{"tagId":"westpaciq:topics/houseprices","name":"houseprices","description":"","title":"House prices","url":"/topic.houseprices"},{"tagId":"westpaciq:topics/consumersentiment","name":"consumersentiment","description":"","title":"Consumer Sentiment","url":"/topic.consumersentiment"},{"tagId":"westpaciq:topics/japan","name":"japan","description":"","title":"Japan","url":"/topic.japan"},{"tagId":"westpaciq:topics/cliffnotes","name":"cliffnotes","description":"","title":"Cliff notes","url":"/topic.cliffnotes"},{"tagId":"westpaciq:topics/wages","name":"wages","description":"","title":"Wages","url":"/topic.wages"},{"tagId":"westpaciq:topics/antipodeandaily","name":"antipodeandaily","description":"","title":"Antipodean Daily","url":"/topic.antipodeandaily"},{"tagId":"westpaciq:topics/trade","name":"trade","description":"","title":"Trade","url":"/topic.trade"},{"tagId":"westpaciq:topics/construction","name":"construction","description":"","title":"Construction","url":"/topic.construction"},{"tagId":"westpaciq:topics/fiscalpolicy","name":"fiscalpolicy","description":"","title":"Fiscal policy","url":"/topic.fiscalpolicy"},{"tagId":"westpaciq:topics/businessconditions","name":"businessconditions","description":"","title":"Business conditions","url":"/topic.businessconditions"},{"tagId":"westpaciq:topics/billevans","name":"billevans","description":"","title":"Bill Evans","url":"/topic.billevans"},{"tagId":"westpaciq:topics/pboc","name":"pboc","description":"","title":"PBOC","url":"/topic.pboc"},{"tagId":"westpaciq:topics/canada","name":"canada","description":"","title":"Canada","url":"/topic.canada"},{"tagId":"westpaciq:topics/property","name":"property","description":"","title":"Property","url":"/topic.property"},{"tagId":"westpaciq:topics/cny","name":"cny","description":"","title":"CNY","url":"/topic.cny"},{"tagId":"westpaciq:topics/esg","name":"esg","description":"","title":"ESG","url":"/topic.esg"},{"tagId":"westpaciq:topics/dairy","name":"dairy","description":"","title":"Dairy","url":"/topic.dairy"},{"tagId":"westpaciq:topics/coal","name":"coal","description":"","title":"Coal","url":"/topic.coal"},{"tagId":"westpaciq:topics/government","name":"government","description":"","title":"Government","url":"/topic.government"},{"tagId":"westpaciq:topics/oil","name":"oil","title":"Oil","url":"/topic.oil"},{"tagId":"westpaciq:topics/energy","name":"energy","description":"","title":"Energy","url":"/topic.energy"},{"tagId":"westpaciq:topics/cad","name":"cad","description":"","title":"CAD","url":"/topic.cad"},{"tagId":"westpaciq:topics/agriculture","name":"agriculture","description":"","title":"Agriculture","url":"/topic.agriculture"},{"tagId":"westpaciq:topics/cardtracker","name":"cardtracker","description":"","title":"Card Tracker","url":"/topic.cardtracker"},{"tagId":"westpaciq:topics/federalbudget","name":"federalbudget","description":"","title":"Federal Budget","url":"/topic.federalbudget"},{"tagId":"westpaciq:topics/model","name":"model","description":"","title":"Model","url":"/topic.model"},{"tagId":"westpaciq:topics/nsw","name":"nsw","description":"","title":"NSW","url":"/topic.nsw"},{"tagId":"westpaciq:topics/vic","name":"vic","description":"","title":"VIC","url":"/topic.vic"},{"tagId":"westpaciq:topics/wa","name":"wa","description":"","title":"WA","url":"/topic.wa"},{"tagId":"westpaciq:topics/confidence","name":"confidence","description":"","title":"Confidence","url":"/topic.confidence"},{"tagId":"westpaciq:topics/G10","name":"G10","description":"","title":"G10","url":"/topic.G10"},{"tagId":"westpaciq:topics/qld","name":"qld","description":"","title":"QLD","url":"/topic.qld"},{"tagId":"westpaciq:topics/sa","name":"sa","description":"","title":"SA","url":"/topic.sa"},{"tagId":"westpaciq:topics/manufacturing","name":"manufacturing","description":"","title":"Manufacturing","url":"/topic.manufacturing"},{"tagId":"westpaciq:topics/tas","name":"tas","description":"","title":"TAS","url":"/topic.tas"},{"tagId":"westpaciq:topics/marketoutlook","name":"marketoutlook","description":"","title":"Market Outlook","url":"/topic.marketoutlook"},{"tagId":"westpaciq:topics/carbonpricing","name":"carbonpricing","description":"","title":"Carbon pricing","url":"/topic.carbonpricing"},{"tagId":"westpaciq:topics/data","name":"data","description":"","title":"Data","url":"/topic.data"},{"tagId":"westpaciq:topics/lng","name":"lng","description":"","title":"LNG","url":"/topic.lng"},{"tagId":"westpaciq:topics/fairvalue","name":"fairvalue","description":"","title":"Fair value","url":"/topic.fairvalue"},{"tagId":"westpaciq:topics/dwellingapprovals","name":"dwellingapprovals","description":"","title":"Dwelling approvals","url":"/topic.dwellingapprovals"},{"tagId":"westpaciq:topics/nt","name":"nt","description":"","title":"NT","url":"/topic.nt"},{"tagId":"westpaciq:topics/sustainablefinance","name":"sustainablefinance","description":"","title":"Sustainable finance","url":"/topic.sustainablefinance"},{"tagId":"westpaciq:topics/august2025reporting","name":"august2025reporting","description":"","title":"August 2025 reporting","url":"/topic.august2025reporting"},{"tagId":"westpaciq:topics/leadingindex","name":"leadingindex","description":"","title":"Leading Index","url":"/topic.leadingindex"},{"tagId":"westpaciq:topics/economiccalendar","name":"economiccalendar","description":"","title":"Economic Calendar","url":"/topic.economiccalendar"},{"tagId":"westpaciq:topics/metals","name":"metals","description":"","title":"Metals","url":"/topic.metals"},{"tagId":"westpaciq:topics/population","name":"population","description":"","title":"Population","url":"/topic.population"},{"tagId":"westpaciq:topics/steel","name":"steel","description":"","title":"Steel","url":"/topic.steel"},{"tagId":"westpaciq:topics/renewables","name":"renewables","description":"","title":"Renewables","url":"/topic.renewables"},{"tagId":"westpaciq:topics/luciellis","name":"luciellis","description":"","title":"Luci Ellis","url":"/topic.luciellis"},{"tagId":"westpaciq:topics/election","name":"election","description":"","title":"Election","url":"/topic.election"},{"tagId":"westpaciq:topics/aluminium","name":"aluminium","description":"","title":"Aluminium","url":"/topic.aluminium"},{"tagId":"westpaciq:topics/datax","name":"datax","description":"","title":"DataX","url":"/topic.datax"},{"tagId":"westpaciq:topics/tax","name":"tax","description":"","title":"Tax","url":"/topic.tax"},{"tagId":"westpaciq:topics/payments","name":"payments","description":"","title":"Payments","url":"/topic.payments"},{"tagId":"westpaciq:topics/pacific","name":"pacific","description":"","title":"Pacific","url":"/topic.pacific"},{"tagId":"westpaciq:topics/ssa","name":"ssa","description":"","title":"SSA","url":"/topic.ssa"},{"tagId":"westpaciq:topics/png","name":"png","description":"Papua New Guinea","title":"PNG","url":"/topic.png"},{"tagId":"westpaciq:topics/nzconsumerconfidence","name":"nzconsumerconfidence","description":"","title":"NZ consumer confidence","url":"/topic.nzconsumerconfidence"},{"tagId":"westpaciq:topics/greenbonds","name":"greenbonds","description":"","title":"Green bonds","url":"/topic.greenbonds"},{"tagId":"westpaciq:topics/infrastructure","name":"infrastructure","description":"","title":"Infrastructure","url":"/topic.infrastructure"},{"tagId":"westpaciq:topics/gold","name":"gold","description":"","title":"Gold","url":"/topic.gold"},{"tagId":"westpaciq:topics/tourism","name":"tourism","description":"","title":"Tourism","url":"/topic.tourism"},{"tagId":"westpaciq:topics/redbook","name":"redbook","description":"","title":"Red Book","url":"/topic.redbook"},{"tagId":"westpaciq:topics/sustainabilitylinkedloans","name":"sustainabilitylinkedloans","description":"","title":"Sustainability linked loans","url":"/topic.sustainabilitylinkedloans"},{"tagId":"westpaciq:topics/cybersecurity","name":"cybersecurity","description":"","title":"Cybersecurity","url":"/topic.cybersecurity"},{"tagId":"westpaciq:topics/socialfinance","name":"socialfinance","description":"","title":"Social finance","url":"/topic.socialfinance"},{"tagId":"westpaciq:topics/mining","name":"mining","description":"","title":"Mining","url":"/topic.mining"},{"tagId":"westpaciq:topics/boc","name":"boc","description":"","title":"BOC","url":"/topic.boc"},{"tagId":"westpaciq:topics/aofm","name":"aofm","description":"","title":"AOFM","url":"/topic.aofm"},{"tagId":"westpaciq:topics/payrolls","name":"payrolls","description":"","title":"Payrolls","url":"/topic.payrolls"},{"tagId":"westpaciq:topics/climatechange","name":"climatechange","description":"","title":"Climate change","url":"/topic.climatechange"},{"tagId":"westpaciq:topics/financeam","name":"financeam","description":"","title":"Finance AM","url":"/topic.financeam"},{"tagId":"westpaciq:topics/nzindustryinsights","name":"nzindustryinsights","description":"","title":"NZ Industry Insights","url":"/topic.nzindustryinsights"},{"tagId":"westpaciq:topics/digitisation","name":"digitisation","description":"","title":"Digitisation ","url":"/topic.digitisation"},{"tagId":"westpaciq:topics/inflationlinked","name":"inflationlinked","description":"","title":"Inflation-Linked","url":"/topic.inflationlinked"},{"tagId":"westpaciq:topics/quarterlybusinesssnapshot","name":"quarterlybusinesssnapshot","description":"","title":"Quarterly Business Snapshot","url":"/topic.quarterlybusinesssnapshot"},{"tagId":"westpaciq:topics/swaption","name":"swaption","description":"","title":"Swaption","url":"/topic.swaption"},{"tagId":"westpaciq:topics/realtimepayments","name":"realtimepayments","description":"","title":"Real-time payments","url":"/topic.realtimepayments"},{"tagId":"westpaciq:topics/swapspread","name":"swapspread","description":"","title":"Swap spread","url":"/topic.swapspread"},{"tagId":"westpaciq:topics/nzregions","name":"nzregions","description":"","title":"NZ Regions","url":"/topic.nzregions"},{"tagId":"westpaciq:topics/nzagriupdate","name":"nzagriupdate","description":"","title":"NZ Agri Update","url":"/topic.nzagriupdate"},{"tagId":"westpaciq:topics/traderecommendation","name":"traderecommendation","description":"","title":"Trade recommendation","url":"/topic.traderecommendation"},{"tagId":"westpaciq:topics/resources","name":"resources","description":"","title":"Resources","url":"/topic.resources"},{"tagId":"westpaciq:topics/fiji","name":"fiji","description":"","title":"Fiji","url":"/topic.fiji"},{"tagId":"westpaciq:topics/financialservices","name":"financialservices","description":"","title":"Financial services","url":"/topic.financialservices"},{"tagId":"westpaciq:topics/technology","name":"technology","description":"","title":"Technology","url":"/topic.technology"},{"tagId":"westpaciq:topics/hydrogen","name":"hydrogen","description":"","title":"Hydrogen","url":"/topic.hydrogen"},{"tagId":"westpaciq:topics/semifactsheet","name":"semifactsheet","description":"","title":"Semi factsheet ","url":"/topic.semifactsheet"},{"tagId":"westpaciq:topics/fxdaily","name":"fxdaily","description":"","title":"FX Daily","url":"/topic.fxdaily"},{"tagId":"westpaciq:topics/transport","name":"transport","description":"","title":"Transport","url":"/topic.transport"},{"tagId":"westpaciq:topics/hospitality","name":"hospitality","description":"","title":"Hospitality","url":"/topic.hospitality"},{"tagId":"westpaciq:topics/biden","name":"biden","description":"","title":"Biden","url":"/topic.biden"},{"tagId":"westpaciq:topics/meat","name":"meat","description":"","title":"Meat","url":"/topic.meat"},{"tagId":"westpaciq:topics/greentailoreddeposits","name":"greentailoreddeposits","description":"","title":"Green tailored deposits","url":"/topic.greentailoreddeposits"},{"tagId":"westpaciq:topics/supplychain","name":"supplychain","description":"","title":"Supply chain","url":"/topic.supplychain"},{"tagId":"westpaciq:topics/diversity","name":"diversity","description":"","title":"Diversity","url":"/topic.diversity"},{"tagId":"westpaciq:topics/covid","name":"covid","description":"","title":"COVID-19","url":"/topic.covid"},{"tagId":"westpaciq:topics/utilities","name":"utilities","description":"","title":"Utilities","url":"/topic.utilities"},{"tagId":"westpaciq:topics/nzhometruths","name":"nzhometruths","description":"","title":"NZ Home Truths","url":"/topic.nzhometruths"},{"tagId":"westpaciq:topics/defence","name":"defence","description":"","title":"Defence","url":"/topic.defence"},{"tagId":"westpaciq:topics/relativevalue","name":"relativevalue","description":"","title":"Relative value","url":"/topic.relativevalue"},{"tagId":"westpaciq:topics/health","name":"health","description":"","title":"Health","url":"/topic.health"},{"tagId":"westpaciq:topics/coasttocoast","name":"coasttocoast","description":"","title":"Coast to coast","url":"/topic.coasttocoast"},{"tagId":"westpaciq:topics/horticulture","name":"horticulture","description":"","title":"Horticulture ","url":"/topic.horticulture"},{"tagId":"westpaciq:topics/apra","name":"apra","description":"","title":"APRA","url":"/topic.apra"},{"tagId":"westpaciq:topics/westernsydney","name":"westernsydney","description":"","title":"Western Sydney","url":"/topic.westernsydney"},{"tagId":"westpaciq:topics/qeo","name":"qeo","description":"","title":"QEO","url":"/topic.qeo"},{"tagId":"westpaciq:topics/sandp","name":"sandp","description":"","title":"S\u0026P","url":"/topic.sandp"},{"tagId":"westpaciq:topics/forestry","name":"forestry","description":"","title":"Forestry","url":"/topic.forestry"},{"tagId":"westpaciq:topics/creditfan","name":"creditfan","description":"","title":"Credit fan","url":"/topic.creditfan"},{"tagId":"westpaciq:topics/bobs","name":"bobs","description":"","title":"BoBs","url":"/topic.bobs"},{"tagId":"westpaciq:topics/aviation","name":"aviation","description":"","title":"Aviation","url":"/topic.aviation"},{"tagId":"westpaciq:topics/liquidity","name":"liquidity","description":"","title":"Liquidity","url":"/topic.liquidity"},{"tagId":"westpaciq:topics/india","name":"india","description":"","title":"India","url":"/topic.india"},{"tagId":"westpaciq:topics/futures","name":"futures","description":"","title":"Futures","url":"/topic.futures"}]}