InvestNow News – 4th September – ANZ Investments – The Weekly Snapshot – 31 August 2020
Article written by ANZ – 31st August 2020
International equity markets continued their surge higher last week. The benchmark U.S. S&P 500 index climbed 3.3% for the week and reached an all-time high. The weekly gain meant that the U.S. market has risen eight out of the last nine weeks. Markets in Europe were broadly higher as well.
Closer to home, the NZX 50 was also higher by 2.2% for the week although trading volumes were impacted by a series of cyber attacks which forced multiple trading halts through the week. The NZX continues to work with its network service provider Spark and national cyber security partners in order to ensure normal market operations.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 31 August 2020 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 – 4th September – ANZ Investments – The Weekly Snapshot – 31 August 2020
Article written by ANZ – 31st August 2020
International equity markets continued their surge higher last week. The benchmark U.S. S&P 500 index climbed 3.3% for the week and reached an all-time high. The weekly gain meant that the U.S. market has risen eight out of the last nine weeks. Markets in Europe were broadly higher as well.
Closer to home, the NZX 50 was also higher by 2.2% for the week although trading volumes were impacted by a series of cyber attacks which forced multiple trading halts through the week. The NZX continues to work with its network service provider Spark and national cyber security partners in order to ensure normal market operations.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 31 August 2020 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.
