News

Apple made solid gains after the iPhone maker reported earnings for the holiday shopping quarter above analysts’ expectations, even as it braced for more disruptions in virus-hit China.

Both the ASX and NZX were down significantly yesterday, on the back of Coronavirus news,​ ​given ​the heavy reliance of both economies to China as a major trade partne

Global markets sold off as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings

Both the Australian and New Zealand markets rallied to all-time highs yesterday, as Investors are embracing share markets as they hunt for higher returns as interest rates remain at record lows.

2020

Markets ended 2019 in a festive mood, and the positive trend has continued to start 2020, with equity markets powering to fresh all-time highs.

Asian markets were hit hard on Tuesday, on the back of the unfolding coronavirus outbreak from China. There are growing fears that the SARS-like virus outbreak in China could develop into a full-blown rerun of the SARS crisis 17 years ago.

Global markets were mixed overnight, as investors awaited a fresh batch of corporate earnings and some key central bank meetings this week.

Overall, looking ahead we think 2020 will be another year of positive returns for equity markets, but likely at a much more modest rate than 2019 – we are clearly late in the market cycle.