InvestNow News – 2nd October – ANZ Investments – The month ahead – October 2020
Article written by ANZ – 25th September 2020
Equity markets ran out of steam in September, as the six-month rally began to fade amid a small rise in volatility and a pickup in geopolitical tensions. With a few days left in September, the S&P 500 is down around 5% on the month and on track to snap a five-month win streak, while the once high-flying NASDAQ 100 is down around 10%. Meanwhile, down under the NZX 50 fell from its recent all-time high, not helped by the news New Zealand fell into its first recession in more than 10 years.
As we head into the final quarter of the year, all eyes will be on elections and the themes influencing them, most notably the COVID-19 and the economic response. With a lot to keep an eye on, here are some key events and issues ANZ Investments will be following this October.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 25 September 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 – 2nd October – ANZ Investments – The month ahead – October 2020
Article written by ANZ – 25th September 2020
Equity markets ran out of steam in September, as the six-month rally began to fade amid a small rise in volatility and a pickup in geopolitical tensions. With a few days left in September, the S&P 500 is down around 5% on the month and on track to snap a five-month win streak, while the once high-flying NASDAQ 100 is down around 10%. Meanwhile, down under the NZX 50 fell from its recent all-time high, not helped by the news New Zealand fell into its first recession in more than 10 years.
As we head into the final quarter of the year, all eyes will be on elections and the themes influencing them, most notably the COVID-19 and the economic response. With a lot to keep an eye on, here are some key events and issues ANZ Investments will be following this October.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 25 September 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.
