ep 211 | The week ahead - will the inflation report open the door for another big OCR cut?
Description
The international corporate reporting season ramps up this week, with numerous heavyweights set to announce earnings. With the S&P 500 in the US sitting at record highs, this will be important for the direction of markets. Some of the highlights in the coming days are likely to include Goldman Sachs, Johnson & Johnson, LVMH, Nestle, Netflix, TSMC and Procter & Gamble. It'll be a busy week on the local front, with the September inflation report taking centre stage on Wednesday. This will be important as markets look ahead to the final OCR decision of the year in November. We’ll also get the latest housing report from REINZ, as well as the results of another dairy auction, card spending and the ANZ truckometer.
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
There’s a lot of excitement out there amongst borrowers, particularly those with a mortgage renewal coming up. The message boards are full of people speculating on how low rates will go, and strategizing how to play it for maximum advantage. While the optimism is justified, some caution applies...
Published 11/19/24