Report published May 11, 2026
Markets Today: Global Financial Insights by Bank of New Zealand (11 May 2026)
Bank of New Zealand · May 11, 2026
Stronger-than-expected US jobs data lifted equities to record highs, while record-low US consumer sentiment and a soft Canadian labor report provided a mixed macroeconomic backdrop.
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Finvaulta summarizes Bank of New Zealand's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.A stronger-than-expected US nonfarm payrolls report (115k vs 65k expected) boosted global equity markets and risk appetite.
- 2.US consumer sentiment fell to a record low driven by inflation concerns, despite the strong labor market data.
- 3.Canada's April labor report was weak, with an unexpected rise in the unemployment rate to 6.9%.
Table of Contents
- Events round-up
- Good morning
- Coming up
- Currencies
- Other FX
- Equities
- Commodities
- Interest Rates
- Carbon Price
- Policy Meeting Run
- NZ Government Bonds
- NZ BKBM and Swap Yields
- NZ Inflation-Indexed Bonds
- NZD exchange rates
- NZD/USD Forward Points
- NZD/AUD Forward Points
- Contact Details
Report data
Interest Rates
| Metric | Estimate | Context |
|---|---|---|
| US Nonfarm Payrolls | 115 thousands | Beating consensus estimate of 65k. |
| S&P 500 Index Level | 7,399 points | Record high at NY close. |
| Canada Unemployment Rate | 6.9% | Climbed from 6.7%. |
Reports in this series
Markets Today is shown in chronological order through this edition, published on May 11, 2026.
Part of the Markets Today series — view all 21 editions
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