
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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