The Markets

NZ shares climb as global economy tipped for recover

Wednesday 7th of April 2021

The S&P/NZX 50 Index rose 87.11 points, or 0.7%, to 12,487.59. Within the index, 23 stocks rose, 22 fell, and five were unchanged. Turnover was $271 million.

Overnight, the International Monetary Fund lifted its forecasts for global growth now forecasting a 6% expansion in 2021, which would be the faster rate in decades.

“Global prospects continue to look up, buoyed by...

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