Description
Last week was a very good one for local investors. The NZX 50 enjoyed its seventh positive week out of the last eight, rising 4.0%, the strongest weekly gain in more than four years. The index is up 10.4% from its recent lows, and at its highest level since January 2022. In the days ahead, markets will be kept busy with a busy week of corporate results, as the likes of a2 Milk, Freightways, Fletcher Building, Auckland Airport and Port of Tauranga all report earnings.
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