What a week! We saw the S&P 500 sharemarket index in the US rise another 1.4%, closing at a fresh record high and pushing through 5000 points for the first time. There was also plenty of action in New Zealand, as wholesale interest rates rose to a three-month high on the back of strong economic indicators and a bold OCR call from the ANZ economics team. The Reserve Bank will be in focus this week, while the international reporting season continues and some local companies will get in on the earnings action.
