Share markets have held up well despite rising interest rates, with the ASX 200 flat and the NZX 50 up about 2%, while conservative assets fell as rates rose. Markets expect S&P 500 earnings growth of almost 30% in the upcoming reporting season, and the index's 12-month forward P/E of 19.1 is in line with its 10-year average. Central banks may keep tightening: the Reserve Bank of New Zealand's Official Cash Rate is expected to finish the year at 3%, up from 2.75% today, and the US 10-year Treasury yield has climbed to 5.4%, its highest since 2002. The article notes that the December quarter has historically been the strongest for US shares, averaging a 3.1% gain since 1930. It also compares today's backdrop to 2018, when the S&P 500 fell 14% in the last three months of that year.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Global sharemarket outlook : Strong earnings face risk from higher interest rates
Read the original on nzherald.co.nz ↗
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interest ratesearningsSPYbonds
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Related tickers and likely impact
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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