The New Zealand dollar and share market fell after the United States Federal Reserve signalled it expects rate hikes in 2023 as economies improve and inflation builds.

New Zealand shares declined as investors waited for the US Federal Reserve to wrap up policy meetings overnight and give a press conference Thursday morning (NZ time).

Fisher & Paykel Healthcare shares surged as a competitor recalled millions of breathing devices and ventilators due to safety concerns.

New Zealand shares were little changed in a quiet trading session while Australian investors were off work on a long weekend.

New Zealand shares and dollar moved higher as investors were unfazed by annual inflation in the United States hitting 5% in a data release overnight.

Consultation opens today on how new builds will be exempted from investment property tax changes, in rules to be in place by October 2021.

New Zealand’s benchmark index slid almost 50 points with investors focused on macro-economic conditions and the risk of runaway inflation.

New Zealand shares edged higher as bond yields and swap rates eased with investors appearing to brush off the risk of inflation.

US employment data released over the weekend sent most share markets higher, although the local bourse made limited gains as a money laundering probe saw SkyCity Entertainment tumble.

New Zealand shares edged upwards with the embattled Synlait Milk leading the market higher as it continues to recover from its lows.

New Zealand shares were virtually flat as investors here and overseas waited for employment data in the United States for signs of economic improvement.

The New Zealand dollar dropped a fifth of a cent today as investors walked back a break above 73 US cents after the Reserve Bank of New Zealand’s policy statement last week.

New Zealand shares lifted today as most dairy stocks continued to recover despite flooding in Canterbury causing chaos in the farming region.

NZ shares made broad gains with almost all stocks climbing as investors bought heavily sold stocks as market interest rates fell slightly.

New Zealand’s benchmark index finished the week down 8.5% year-to-date as bond yields creep higher and investors sell down stocks that collected outsized gains in 2020.

New Zealand's main share index slumped as investors reacted poorly to Fisher & Paykel Healthcare’s full year result which failed to meet the high expectations priced into the stock.