Market & Portfolio Update - November 2024

10 December 2024 by Lifetime in Market Update

Market & Portfolio Update - November 2024

The Global equity market had a strong month, up +3.8%, driven by the US. Trump won the US election early in the month, which bolstered investor optimism surrounding potential corporate tax cuts. Furthermore, expectations for de-regulation boosted the US financials and energy sector, while the industrial sector was seen as one of the main beneficiaries of tax cuts and trade policy.

Central banks globally continued to lower rates during November. England and the US central banks both lowered their respective rates by 0.25% in response to falling inflation.

Moving closer to home - the Reserve Bank of New Zealand continued their interest-rate cutting cycle, reducing the Official Cash Rate from 4.75% to 4.25%, marking the second 0.50% cut in a row. The Reserve Bank noted households and businesses have not been spending as much as usual, however, lower interest rates should encourage households and businesses to spend more, supporting economic growth. The NZ share market didn’t move much in reaction to the cut, as it was widely expected by the market. Nonetheless, the NZ share market index returned a healthy +3.4% in November, bringing the year-to-date return to +11.8%.

preview image - Understanding Bowel Cancer in New Zealand: Early Detection and Prevention

Understanding Bowel Cancer in New Zealand: Early Detection and Prevention

Bowel cancer (also known as Colorectal Cancer) doesn’t always come with obvious symptoms, and that’s what makes it so dangerous. Every year, around 3,000 Kiwis are diagnosed, and 1,200 lives are lost[1]. But here’s the good news - 90% of cases can be treated successfully if caught early[2].

3 March 2025 by Emily Wheatley
preview image - Upgrade Your Home, Upgrade Your Future: Smart Reno Strategies

Upgrade Your Home, Upgrade Your Future: Smart Reno Strategies

Thinking about renovating? A few strategic upgrades can make your home more comfortable, stylish, and, most importantly, valuable. Whether you’re looking to sell or simply improve your lifestyle, these key areas could give you the best return on investment in 2024.

25 February 2025 by Sarah Maclennan in Home Loans