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Inflation will be in the spotlight this week with PCE inflation due in the US on Friday, ahead of the Federal Reserve's meeting next month. The latest ANZ Business Outlook survey will be the key release in New Zealand, while the corporate reporting season will continue with Chorus, Summerset, Meridian Energy and Air New Zealand set to releases earnings this week across the NZX. However, the biggest corporate release of the week will come on Wednesday in the US, with NVIDIA due to report.
This week is a busy one in terms of international economic releases. The focus will be on the US jobs report, which is out on Friday. This will be a key piece of the puzzle ahead of the Fed's next decision on December 18 (where markets see a 65% chance of another 0.25% cut). We'll also get the...
Published 11/30/24
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