Description
The local reporting season ramps up next week, putting many of our largest listed corporates under the microscope. It’s started more slowly than usual, with only a handful of releases so far and most businesses choosing to schedule earnings announcements for the last two weeks of August. We’ve seen a rebound in the sharemarket over the last few months, with the NZX 50 index rising more than six per cent from its recent lows and July the strongest month since April 2020. So what should we expect from the reporting season, and what will it teach us about the state of corporate New Zealand?
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