Article written by ANZ – November 2020
Equity markets had a volatile week with indices in the US, Europe and Asia all ending lower amid rising COVID-19 cases and uncertainty ahead of the US election. The week saw some significant intraday volatility, which saw the VIX Index – a measure of market volatility – rise to its highest level in more than four months. By the end of the week, the S&P 500 and NASDAQ 100 were down around 5%.
In New Zealand, the NZX 50 ended its five-week win streak, ending down around 2%.
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