MARKET CLOSE: NZ shares join global rally after upbeat US jobs report, led by Aussie banks

Mon, 11 Jul 2016

By Paul McBeth July 11 (BusinessDesk) - New Zealand shares joined a global rally in equity markets with an upbeat US employment report giving investors confidence in the strength of the world's biggest economy, while an outcome in Australia's federal election boosted stocks across the Tasman. The S&P/NZX 50 index rose 62.35, or 0.9 percent, to 7062.45, a new record close. Within the index, 37 stocks gained, seven fell, and six were unchanged. Turnover was $105.8 million. Stock markets across Asia followed gains on Wall Street and in...

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