EPS 129 | The week ahead
from On Point Hosted by Craigs Investment Partners
Last week was another good one for investors, with shares and fixed income rising further. The S&P 500 in the US posted a 0.2% gain, finishing at its highest level since March 2022, while the local NZX 50 rose 1.1%. Not only was that the sixth consecutive weekly gain (the longest winning streak in more than a year), but it saw the index move back into marginal positive territory on a year-to-date basis. The coming week is a very busy one, as the end of the calendar year looms. Central banks will be in the spotlight, with monetary policy decisions due from the Federal Reserve in the US, as well as the Bank of England, European Central Bank and Swiss National Bank. Global growth will also be in focus, with December flash purchasing managers' indices out on Friday, as well as monthly economic indicators in China. September quarter gross domestic product figures out on here in New Zealand, while we should also get a housing market update from the Real Estate Institute.
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