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The Markets

NZ stocks, dollar rally as Democrats prepare stimulus

Thursday 21st of January 2021

 

The S&P/NZX 50 Index rose 85.74 points, or 0.7 percent, to 13,112.19. Within the index, 34 stocks rose, 12 fell and four were unchanged. Turnover was $180.3 million.

The new president and Democrat-controlled Senate took the oath of office in a heavily guarded and socially distanced ceremony early on Thursday morning NZ time.

Share markets in the US and Asia rallied as investors hoped for expanded fiscal stimulus and a more stable political climate.

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