Z Energy jumps but index suffers from ‘endemic covid’
The S&P/NZX 50 Index fell 67 points, or 0.5%, to 13,019.37. Turnover was $161 million.
Employment data released in the United States caused share markets there to move lower on Friday night. Asian markets are following that lead with US futures pointing towards another decline on Monday night.
The US payrolls report showed just under 200,000 new jobs were created in September when economists were expecting 500,000.
“The delta variant outbreak in the US is thought to be at least partly to blame for the underwhelming job gain,” said BNZ strategist Nick Smyth.
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