The Markets

NZ shares tread water ahead of US jobs report

Thursday 3rd of June 2021

The S&P/NZX 50 Index fell 10.07 points, or 0.1%, to 12,429.98. Within the index, 23 stocks fell, 19 rose and eight were unchanged. Turnover was $170.1 million.

Nick Smyth, an interest strategist at BNZ, said markets were trading sideways in the US overnight with investors looking towards the US nonfarm payrolls data for clues about inflation.

“It’s possible the n...

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