The Markets

NZ shares up as labour data shows economy running hot

Wednesday 4th of August 2021

 

The S&P/NZX 50 Index rose 96.76 points, or 0.8%, to 12,797.29. Turnover was $198.8 million.

Economists had been predicting a fall in the unemployment rate to somewhere between 4.4% and 4.7%, instead it dropped further surprising the market.

The kiwi dollar climbed from 69.97 US cents yesterday to 70.58 cents after the announcement, but the bigger shift was in...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.