InvestNow News – 18th September – ANZ Investments – The Weekly Snapshot – 14 September
Article written by ANZ – 14th September 2020
US equity markets fell for a second straight week as the six-month rally hit its first speed bump, led by weakness in the previous high-flying tech sector. For the week, the NASDAQ 100 fell 4.1%, its worst weekly performance since March, while the broader S&P 500 fell around 2.5%.
Meanwhile, European markets outperformed, with the FTSE 100 and German DAX both recording solid gains. Down under, the NZX 50 and ASX 200 ended the week with small losses.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 14 September 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 – 18th September – ANZ Investments – The Weekly Snapshot – 14 September
Article written by ANZ – 14th September 2020
US equity markets fell for a second straight week as the six-month rally hit its first speed bump, led by weakness in the previous high-flying tech sector. For the week, the NASDAQ 100 fell 4.1%, its worst weekly performance since March, while the broader S&P 500 fell around 2.5%.
Meanwhile, European markets outperformed, with the FTSE 100 and German DAX both recording solid gains. Down under, the NZX 50 and ASX 200 ended the week with small losses.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 14 September 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.
