Kapiti Financial Advice Limited – KiwiSaver and Investment

Global sharemarkets ended January higher despite tariffs and AI disruptions

Better than expected US inflation data, the ongoing resilience of the US economy and solid corporate earnings results provided support for the US market in January. This was despite uncertainty regarding the impact of Chinese AI startup DeepSeek and President Trump’s plans to apply tariffs on imports. Providing support for the outlook, the Fed has … Read more

Monthly View

After a tumultuous month for global financial markets, global equities ended the month of August in positive territory and global interest rates moved lower. In the US, corporate earnings started to broaden out from the large technology companies. Locally, a reduction in interest rates is a positive development for the New Zealand share market. The … Read more

Global sharemarkets rose in June, led higher by the US sharemarket

Global sharemarkets rose in June, led higher by the US sharemarket, with US US technology companies continuing to lead the way. European markets fell amidst heightened political uncertainty across Europe. NZ’s sharemarket fell -1.2%, reflecting the ongoing weakness in the local economy. Companies exposed to the local economy continued to underperform. Australian equities rose 1.0% … Read more

Monthly View – June 2024

Share Markets Global share markets rose 3.7% in May, reverting to their upward trend Favourable economic data in the US, UK and Europe, a successful US earnings season, and falling longer term interest rates supported the rise in global share markets. AI remains a key feature. Nvidia’s better than expected profit announcement provided a big … Read more