InvestNow News – 28th August – ANZ Investments – The Weekly Snapshot – 24th August
Article written by ANZ – 24th August 2020
It was a record-setting week for some major equity indices with the S&P 500 hitting a new all-time high near 3400, topping its mid-February high. Meanwhile, the NASDAQ 100 kept moving higher, recording its fourth-consecutive winning week, making yet another new all-time high.
In New Zealand, the NZX 50 regained some of its recent losses, finishing the week up around 2%.
What’s happening in markets
Last week’s highlight was the release of the minutes from the latest Federal Reserve meeting, which showed the committee sees a great deal of uncertainty ahead. In particular, members see a challenging year ahead for the economy as the coronavirus continues to dampen economic activity.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 24 August and is subject to change. The information is general in nature and does not take into account your personal objectives, needs and financial circumstances. You should consider the appropriateness of the information, having regard to your personal objectives, needs and financial circumstances. This information is not to be construed as personal advice, and should not be relied upon as a substitute for professional advice. Although all the information in this document is obtained in good faith from sources believed to be reliable, no representation of warranty, express or implied is made as to its accuracy or completeness. To the extent permitted by law ANZ does not accept any responsibility or liability arising from your use of this information. Past performance is not indicative of future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.
InvestNow News – 28th August – ANZ Investments – The Weekly Snapshot – 24th August
Article written by ANZ – 24th August 2020
It was a record-setting week for some major equity indices with the S&P 500 hitting a new all-time high near 3400, topping its mid-February high. Meanwhile, the NASDAQ 100 kept moving higher, recording its fourth-consecutive winning week, making yet another new all-time high.
In New Zealand, the NZX 50 regained some of its recent losses, finishing the week up around 2%.
What’s happening in markets
Last week’s highlight was the release of the minutes from the latest Federal Reserve meeting, which showed the committee sees a great deal of uncertainty ahead. In particular, members see a challenging year ahead for the economy as the coronavirus continues to dampen economic activity.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 24 August and is subject to change. The information is general in nature and does not take into account your personal objectives, needs and financial circumstances. You should consider the appropriateness of the information, having regard to your personal objectives, needs and financial circumstances. This information is not to be construed as personal advice, and should not be relied upon as a substitute for professional advice. Although all the information in this document is obtained in good faith from sources believed to be reliable, no representation of warranty, express or implied is made as to its accuracy or completeness. To the extent permitted by law ANZ does not accept any responsibility or liability arising from your use of this information. Past performance is not indicative of future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.
