The Markets

Shares rise as investor try to pick inflation peak

Thursday 14th of April 2022

The S&P/NZX 50 Index rose 16.5 points, or 0.1%, to 11,891.58. Turnover was $128 million.

BNZ interest rate strategist Nick Smyth said global interest rates had stabilised overnight on hopes inflation may be close to peaking.

US inflation data recently came in a little hotter than expected with headline inflation at 8.5%, but core inflation – which removes volatile food...

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