The Markets

NZ shares climb while covid variant still looms large

Wednesday 21st of July 2021

The S&P/NZX 50 Index gained 58.30 points, or 0.5%, to 12,709.14. Turnover was $194 million.

US sharemarkets recovered their losses overnight despite there being little news or change in conditions. NZ’s defensive market, which managed to dodge the fall yesterday, joined the rally today to climb half a percent.

However, BNZ rate strategist Jason Wong warned that geopoli...

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