Z Energy jumps but index suffers from ‘endemic covid’

Mon, 11 Oct 2021

Shares in fuel retailer Z Energy jumped almost 7% on an improved takeover bid, while the rest of the market declined on data which suggests endemic covid is slowing US jobs recovery.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...

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