Global share markets were higher in November, buoyed by Donald Trump’s US election victory. His election promises included tax cuts and deregulation, which are largely seen as good for businesses. Key share market indices in the US hit all-time highs, continuing their great run this year, while markets down under were also on track to finish the month with solid gains.
September was a volatile month for US equities, with most markets retreating early in the month, before resuming their move higher after the Federal Reserve cut interest rates. October is expected to bring more interest rate cuts from several of the world's central banks, while the US election is a matter of weeks away. With a look at this and more, here's ANZ Investments' Month Ahead.
As at 23 August US equity markets have made gains this month, with the S&P 500 Index up 2.2% (with five days left to go). At one point, however, the broad-based index was down by as much as 6%, as July’s employment report showed unemployment rose to 4.3%, the highest level since October 2021, and the number of jobs created was well below expectations. It raised fears the US economy could be headed for a slowdown and perhaps even a recession.
As we head into July, central bank policy remains front-and-centre, with the political landscape in Europe increasingly likely to sway investor sentiment.
Global share markets were higher in November, buoyed by Donald Trump’s US election victory. His election promises included tax cuts and deregulation, which are largely seen as good for businesses. Key share market indices in the US hit all-time highs, continuing their great run this year, while markets down under were also on track to finish the month with solid gains.
September was a volatile month for US equities, with most markets retreating early in the month, before resuming their move higher after the Federal Reserve cut interest rates. October is expected to bring more interest rate cuts from several of the world's central banks, while the US election is a matter of weeks away. With a look at this and more, here's ANZ Investments' Month Ahead.
As at 23 August US equity markets have made gains this month, with the S&P 500 Index up 2.2% (with five days left to go). At one point, however, the broad-based index was down by as much as 6%, as July’s employment report showed unemployment rose to 4.3%, the highest level since October 2021, and the number of jobs created was well below expectations. It raised fears the US economy could be headed for a slowdown and perhaps even a recession.
Welcome to our summer issue of InPrivate, and our first for 2024. I hope you’ve had a restful start to the year.
We’re delighted to welcome George Crosby as our newly appointed Chief Investment Officer for ANZ Investments. For more, see ANZ appoints new CIO.
After a challenging few months, equity and bond markets had a good November, and were on track to finish the month higher thanks in part to economic data that showed pricing pressure in the US has eased. As of 27 November, the S&P 500 was up more than 8% on the month, while closer to home, New Zealand’s NZX 50 and Australia’s ASX 200 were both up about 4%.
Investment markets were mostly weaker in October, led by further declines in bond prices. Equity markets were also generally weaker, as companies struggled with higher borrowing costs and uncertainty around the Israel-Palestine conflict remained. The weakest areas were Europe and Asia, where some indices were down as much as 3%, as of 26 October, while US markets were better performing, but were still on track to end the month lower.
Most global equity and bond markets finished September lower. Despite signs that inflationary pressures are receding, central banks were of the view that monetary policy will need to stay in restrictive territory for longer. As we look ahead to October, the focus in New Zealand will be on the 2023 election, while overseas attention will remain on central bank rhetoric and the impact rapidly rising oil prices could have on the global growth outlook. For more, here’s ANZ Investments’ Month Ahead.
After a quiet May, several global equity markets resumed their move higher in June. They were, buoyed by ongoing declines in rates of inflation, raising hopes that the global economy can navigate current challenges and avoid a sharp slowdown. In June, the S&P 500 Index reached its highest level in more than a year, while the NASDAQ 100 Index continued its stellar performance, and was on track for its fourth successive month of gains, helped in part by ongoing strength from the mega-cap companies.
It was a mixed May for global equity markets, with the tech sector continuing to outperform, which has seen the NASDAQ 100’s year-to-date gains top 25%, while several other benchmarks were either side of unchanged. Meanwhile, New Zealand markets were modestly lower as investors digested the implications of a further 25 basis point increase in interest rates and the central bank’s suggestion that the hiking cycle had ended.
In this edition we share our regular investment update, as well as insights from our economics and investment team on what to expect for the year ahead.
Innovation is key to thriving in the digital age – you can read how we’ve harnessed technology over the past year to make your banking more secure, more user-friendly, and just plain easier.
Finally, we are proud to share that for the fifth year in a row, ANZ has won Best Private Bank in New Zealand at the Global Private Banking Awards
