The Markets

NZ shares down as US Fed signals hikes

Thursday 16th of December 2021

The S&P/NZX 50 Index fell 91.8 points, or 0.7%, to 12,777. Turnover was $135 million.

While both news events are highly negative for equity prices, neither were unexpected and US stocks rallied after the Fed’s announcement – investors thought it could have been even more hawkish.

The US central bank will stop buying bonds in March and will likely increase interes...

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