The week ahead
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November lived up to its name as a very good month for sharemarkets around the world, with the S&P 500 rallying 8.9% and the NZX 50 posting an impressive 5.3% increase. Those were the best monthly gains for both indices since July 2022. It wasn't just shares that had a great month in November, with US bonds posting the best monthly performance since May 1985 (+4.5%) and New Zealand corporate bonds enjoying their strongest monthly gain in at least 20 years. Let's talk about all of that, as well as last week's bombshell OCR forecast from the Reserve Bank, and the key events that we expect to shape the coming week across financial markets.
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