
The Markets
Shares rise as markets ignore ‘shocking’ inflation
Friday 11th of June 2021
The S&P/NZX 50 Index rose 32.38 points, or 0.3%, to 12,550.39. Within the index, 22 stocks fell, 22 rose and six were unchanged. Turnover was $163.8 million.
BNZ interest rate strategist, Jason Wong said the market was “unperturbed by the shockingly high” consumer price index with the S&P 500 moving higher and market interest rates falling.
The domestic rates...
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