The week ahead
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Description
What a week! We saw the S&P 500 sharemarket index in the US rise another 1.4%, closing at a fresh record high and pushing through 5000 points for the first time. There was also plenty of action in New Zealand, as wholesale interest rates rose to a three-month high on the back of strong economic indicators and a bold OCR call from the ANZ economics team. The Reserve Bank will be in focus this week, while the international reporting season continues and some local companies will get in on the earnings action.
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There are many sayings in the investment world, and one that always comes up at this time of year is “sell in May and go away”. The adage emerged in the Northern Hemisphere and it suggests investors should sell their shares in May, relax and enjoy the summer months before returning to the market...
Published 05/21/24
Published 05/21/24
There's plenty for investors to keep an eye on in the week ahead, with some of the key releases likely to be the flash PMIs for some of the major economies. Markets will also be monitoring the minutes from the most recent Fed and Reserve Bank of Australia meetings, as well as inflation prints in...
Published 05/18/24
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