Tempering great earnings expectations

(Image: Getty)

Tue, 03 Dec 2024

The spring earnings season was more of a sideshow in November, playing second fiddle to the emergence of Trump 2.0’s red rag to the Wall Street bulls.Equity markets rallied hard on the prospect of lower US corporate tax rates and looser regulations in the world’s biggest economy, and even little old New Zealand’s S&P/NZX 50 Index ended the month up 3.4% in its second-strongest showing this year.The greenback surged as investors weighed up whether a Trump White House’s policies would be more inflationary and lead to a...

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