News

It has been another strong month for share markets with US markets gaining about +3% for the month. Australian shares recorded their biggest monthly percentage gain since July 2016.

We thought we would outline our general high-level views on the recent NZ capital gains tax (CGT) proposals.

Closer to home, corporate earnings announcements across Australasia remain the focus for local investors, and we touch on some of the key results from yesterday below.

Shares on Wall Street are at the highest levels since November, and President Donald Trump told reporters that he sees a “very good chance” of a trade deal with China.

As we mentioned yesterday, it was a big day for local earnings announcements and we touch on result highlights below.

It is a big day today with A2 Milk, Fletcher Building, Spark, Ebos, Woolworths, WiseTech and Sky TV all stocks under our coverage set to report earnings. 

For the week ahead, investor focus will also likely remain on local company profit announcements, as earnings season gets busier across Australia & NZ this week. 

There have been growing views that there will be interest rate cuts by the Reserve Bank’s across both sides of the Tasman. Yesterday, Reserve Bank of NZ  governor Adrian Orr’s latest monetary policy statement was on the dovish side, but not as dovish as

President Donald Trump told reporters at the White House that he could allow a looming tariff deadline to “slide for a little while” if he feels a deal with China is close.