News

U​S​ stocks​ ​hit​ new​ record highs as consumer spending rose in March and benign inflation data was published​.

For the week ahead, investor attention will likely remain focussed on US corporate earnings season – with the likes of McDonalds, Google, and Apple reporting results, but the ​key event to watch will be Thursday morning’s US Federal Reserve policy announc

​In this weeks podcast, ​Jeremy discusses Uber and Lyft IPOs​ in the US, Tourism Holdings negative guidance & Scott Technologies.

Global markets rallied overnight as shares on Wall Street are back near all-time highs as a clutch of better-than-expected earnings reports eased concerns of slowing corporate profits and sparked a broad-based rally.

The US market was open overnight and stocks on Wall Street were little changed ​as investors awaited a barrage of major earnings reports this week, the busiest this earnings season.

The NZX 50 market index is close to major milestone, with the index trading just below the 10,000​ level. Local investor senti​ment was buoyed by the ​NZ ​government’s decision to ditch a proposed capital gains tax​ as well as weak inflation data

Crude Oil prices are up around +40% year to date, primarily on the back of supply risks.

​In contrast to Friday’s strong profit announcement by JP Morgan, Goldman Sachs and Citigroup both reported revenue below market consensus estimates overnight.

Global markets were higher on Friday as US stocks closed near record highs after the largest U​S​ bank, JPMorgan Chase, soothed worries that the first-quarter earnings season would dampen Wall Street’s recent rally.