A share price bounce for Fisher & Paykel Healthcare helped inch the S&P/NZX 50 index higher today as a resurgence of covid-19 in the United States and Europe weighed on some stocks.

Fisher & Paykel Healthcare was weighed down by a stronger kiwi dollar while the rest of the market was knocked about by uncertainty over the US election and latest surge in covid-19 infections.

New Zealand's main share index rose half a percent today, closing out a week of muted trading.

New Zealand shares edged lower as global investor sentiment weakened.

Renewed optimism for fiscal stimulus in the United States being passed before the presidential election drove a rally in the kiwi dollar along with most other risk assets.

The New Zealand dollar rose to a three-month high against its Australian counterpart as the gap between monetary policy settings in the two countries looks set to close.

New Zealand markets were steady with investors relaxed after the Labour Party secured a historic majority in Saturday’s general election. The electricity sector led a modest decline in the share market.

Contact Energy and Meridian Energy shares today ended their long rally.

New Zealand shares snapped an 11-day streak of gains as investors took some risk off the table due to fading hopes for fiscal stimulus in the United States and growing covid-19 infections in Europe.

Global logistics firm Mainfreight led New Zealand shares higher as the index chalked up its eleventh straight day of gains.

New Zealand shares rose for a tenth consecutive session as low interest rates and hopes for fiscal stimulus lure investors into the stock market. Financial stocks led the gains.

New Zealand shares rose, led by Contact Energy as its possible inclusion in the MSCI Index continues to drive investors to buy the stock amid strong global risk sentiment.

New Zealand shares finished the week at an all-time high, led upwards by property and retirement stocks as central bank stimulus adds heat to the housing market.

New Zealand’s benchmark share index surged to a record as global risk appetite came flooding back on the hope of fiscal stimulus before the US election.

The New Zealand dollar fell almost 1 US cent after President Donald Trump threw cold water on the prospect of passing fiscal stimulus before the election, causing risk assets to fall.