NZ stocks could be headed for a record gain for 2019

Mon, 02 Dec 2019

As the global economy could be shaking off its wobbly period, both the United States and New Zealand share markets could be headed for a record year.Both the S&P 500 Index, the broad measure of US stocks, and the domestic benchmark S&P/NZX 50 Index hit fresh records last week.The US index gained almost 1 percent over the week, taking its gains for November to 3.4 percent and its year-to-date gains to 25.3 percent.The NZ index was even stronger, gaining 3.4 percent last week, 4.9 percent for November, its best month since March, and 28.4...

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