The Markets

NZ sharemarket rises US Treasury yields drop

Thursday 5th of October 2023

The S&P/NZX50 index gained 74.05 points or 0.66% to 11,309.10 after being mostly flat early in the session.

Turnover was worth just $89.8 million, with 83 gains and 48 falls on the main board.

Oil prices plunged by more than US$5 (NZ$8.41) a barrel over concerns that sharp increases in borrowing costs caused by higher interest rates could dent economic growth.

Brent...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.