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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