EPS 116 | The week ahead

Global sharemarkets remain under pressure, with the S&P 500 in the US and the NZX 50 in New Zealand both down more than 10% since July. Rising global yields have been a key culprits, and although we saw a decline last week these remain close to the highest in many years. This week will be another very busy one, with central bank meetings taking palce in the UK, UK and Japan, as well as key economic releases such as the US jobs report and Chinese PMIs. Locally, the latest unemployment figures will be of interest, as will the final election results with the outcome of special votes to be announced on Friday. The reporting season will continue across the world, with McDonalds, Caterpillar, Ecolab, CVS Health, Apple, Starbucks and Zoetis likely to be some of the highlights.