Yovich & Co. Market Update - 24 July 2017

Jul 24, 2017 | Commentary

 

 

 

Market Themes

  • Another record high was reached for the NZX Gross Index, with growth companies like Serko (SKO.nz), EROAD (ERD.nz) and Trilogy (TIL.nz) leading the market higher.

  • The political landscape is starting to heat up as the election on 23 September 2017 gets closer. At this early stage the markets have not been too concerned about a change so the assumption is that it will be a National lead Government without any major change to the direction that the economy is taking.

  • A switch from the Mining stocks back to the Financials has seen the market in Australia trade sideways over the past month.

  • Motoring stocks such as BMW, Daimler and Volkswagen fell last week as Tesla rolled out the first Model 3 from the production line. This saw the export weighted DAX index slide further since the highs reached in June.

  • The NASDAQ index has surged ahead after consolidating in June.

  • The Kiwi remained strong against the Greenback and is trading close to the ceiling of the range over the past 2 years. 

Investment News

Preferred High Yielding Equities

Table

 

 






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Jarrod Goodall | Disclosure Statement



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