Week Ahead - OCR, G20 | SkyCity Update
The key event for the week ahead is the G20 leaders meeting in Japan set for Friday & Saturday, with all eyes on talks between presidents Donald Trump and Xi Jinping.
The key event for the week ahead is the G20 leaders meeting in Japan set for Friday & Saturday, with all eyes on talks between presidents Donald Trump and Xi Jinping.
It generally appears as though "bad news" is "good news" once again given expectations for the US Fed to become more supportive by lowering interest rates.
Sydney and Melbourne property markets are showing early signs of ending their steep slides, with a strong bounce in auction clearance rates on the first Saturday after the federal election.
Australian shares soared to an 11-year high on Monday, as investors welcomed the surprise re-election of the Coalition, adding an extra $32.8 billion to the ASX market index value.
US markets initially dropped sharply following the planned increase in US tariffs on $200 billion worth of Chinese goods by 25%, with China vowing to retaliate.
The US unemployment rate has dropped to 3.6 percent, the lowest in nearly half a century. However, wage inflation/gains remain remarkably subdued.
For the week ahead, investor attention will likely remain focussed on US corporate earnings season, but the key event to watch will be Thursday morning's US Federal Reserve policy announcement.
The NZX 50 market index is close to major milestone, with the index trading just below the 10,000 level. Local investor sentiment was buoyed by the NZ government's decision to ditch a proposed capital gains tax as well as weak inflation data.
Global markets were higher on Friday as US shares were boosted by better-than-expected job growth in March (with the unemployment rate holding near a 49-year low), which eased concerns of an economic slowdown
The NZ market continues to surge, with the NZX close to the 10,000 index level. The ASX also traded higher as investors digested a Reserve Bank decision as well as the Federal Budget on “Super Tuesday” which