Daily Market Commentary 30th January 2023
Markets closed out a week of gains on equity markets, spurred by the continued ‘peak inflation’ narrative and positive economic growth numbers. The latest data
Markets closed out a week of gains on equity markets, spurred by the continued ‘peak inflation’ narrative and positive economic growth numbers. The latest data
A stronger than expected US GDP growth number, coming in at an annualised 2.9%, boosted equity markets in Europe and the USA. Positive growth in
European and US equity markets headed south, correcting the recent rises, perhaps glimpsing some coming economic reality. This was despite some positive economic data releases
Markets traded flat again overnight, with little action from Asia, as China celebrates the lunar New Year. Flash PMI data from Australia was weak ,
Asian markets were quiet, as Chinese celebrate New Year and holiday for a week. The Bank of Japan released the minutes from their last meeting,
The Chinese New Year kicked off over the weekend, promising week-long celebrations in China and across the Chinese diaspora. Asian markets will be quiet over
European equities took some profit overnight, celebrating gains for the new year, but US markets finally broke the positive sentiment. US Retail Sales and Industrial
European markets continued to post gains on equity markets, boosted by plunging inflation and an easing in the energy crises. US Share markets are headed
US equity markets hit the first real correction for the year, following a strong and confident rally to open the new year. Warnings of recession
Markets continued the positive start to the year in Europe, while US markets celebrated the MLK holiday. There was little in the way of data
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