The Markets

NZ shares climb as investors absorb inflation data

Thursday 14th of July 2022

The S&P/NZX 50 Index rose 77.63 points, or 0.7%, to 11,187.97. Turnover was $106 million.

Inflation hit another new high in the US overnight, hitting 9.1% year-on-year ahead of market expectations for an 8.8% increase.

One member of the US Fed’s open market committee said there was “no good news” in the data, and another said the central bank could consider...

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