InvestNow News – 2nd October – ANZ Investments – The Weekly Snapshot – 28 September 2020
Article written by ANZ – 28th September 2020
International markets continued to weaken last week with the U.S. S&P 500 falling for the fourth straight week. The index fell 0.6% last week although it is still up 3.5% year to date. The technology laden Nasdaq index did however manage a small weekly gain. European markets were sharply lower on concerns that increases in COVID-19 cases will lead to weaker economic recovery in the region.
The New Zealand and Australian markets bucked the global trend and were both higher for the week. The Australian share market closed up 1.7% for the week led by strength in the banking sector, a key component of the ASX 200. The NZX 50 was up 1.4% last week.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 28 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 Weekly Snapshot – 28 September 2020
Article written by ANZ – 28th September 2020
International markets continued to weaken last week with the U.S. S&P 500 falling for the fourth straight week. The index fell 0.6% last week although it is still up 3.5% year to date. The technology laden Nasdaq index did however manage a small weekly gain. European markets were sharply lower on concerns that increases in COVID-19 cases will lead to weaker economic recovery in the region.
The New Zealand and Australian markets bucked the global trend and were both higher for the week. The Australian share market closed up 1.7% for the week led by strength in the banking sector, a key component of the ASX 200. The NZX 50 was up 1.4% last week.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 28 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.
