The Markets

NZ shares near month low; dollar at 2-month low

Tuesday 19th of April 2022

The S&P/NZX 50 Index fell 56 points, or 0.5%, to 11,835.88. Turnover was $130 million.

Tina Teng, an analyst at CMC Markets, said rising interest rates and high inflation were reducing investor confidence and the benchmark index was approaching a one-month low.

BNZ Bank expects Thursday’s consumer price index data to show annual inflation above 7%, up from 5.9% in the...

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