
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...
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