
The Markets
NZ sharemarket rebounds with Wall Street rally
Monday 27th of June 2022
The S&P/NZX 50 Index rose 184 points, or 1.7%, to 10,997.92. Turnover was $113.4 million.
US markets rallied on Friday night – with key indices jumping more than 3% – as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.
This pivot is counterintuitive, but a recession in the US economy might ultimately m...
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