NZ stocks could be headed for a record gain for 2019

By Jenny Ruth | 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...