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Inflation will be in the spotlight this week, with the PCE report for May due in the US as well as flash CPIs in several European economies and the Tokyo CPI in Japan. The Bank of Japan's summary of opinions from the June meeting is out, while the European Central Bank will release its latest consumer expectations survey and there is also a monetary policy decision from Sweden's Riksbank. There's plenty to watch on the political front, including the first presidential debate of 2024 between Joe Biden and Donald Trump on Thursday evening in the US. There will also be a European Leaders summit on Thursday and Friday, while France will go to the polls on Sunday June 30 for the first round of voting, before runoffs a week later. In New Zealand, it will be a holiday-shortened week with the ANZ Business Outlook survey for June likely to be a highlight on Thursday. On the corporate front, there are several annual meetings that local investors will be watching for updates on current conditions, while Fedex and Nike are reporting in the US.
The US sharemarket has pushed higher since the election, building on the strong gains we saw leading up to it. The S&P 500 index is up 27 per cent (including dividends) so far in 2024, on the back of a similar rise last year. After the 60 per cent return since the end of 2022, is a...
Published 11/26/24
The final RBNZ meeting of 2024 is on Wednesday. Markets expect another 50-basis point cut, but could the RBNZ go bigger or smaller? We'll also get the retail sales report for the September quarter, and the latest monthly ANZ Business Outlook. There will be plenty to watch on the corporate front...
Published 11/23/24