Fonterra Fund leads NZ shares higher

The S&P/NZX 50 Index rose 13.66 points, or 0.1%, to 12,654.6. Turnover was $190 million.

Global share markets have continued to push higher, leaving NZ in their wake. The S&P 500 hit a fresh record overnight, and European indices were positive.

ASB economist Mike Jones said impressive economic data had been rolling out but not spurring much reaction.

“This could be a sign that the blockbuster global recovery is increasingly fully priced, or it could just be the usual pre-US employment data torpor,” he said in a note.