MARKET CLOSE: NZ shares rise, Xero and Meridian gain while Air NZ drops

Thu, 19 Jan 2017

By Sophie Boot Jan. 19 (BusinessDesk) - New Zealand shares rose, led by Xero after news its chairman is leaving, with Meridian Energy gaining while Air New Zealand dropped The S&P/NZX 50 Index advanced 3.09 points, or 0.04 percent, to 7,062.36. Within the index, 26 stocks rose, 15 fell and nine were unchanged. Turnover was $100.2 million. Today, US Federal Reserve chair Janet Yellen said that country's economy is closer to the Federal Reserve's goals, which gives the central bank impetus to begin to reduce the levels of support it has...

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Economy

NZ dollar benefiting from ‘sell US’ trade, more to come

The kiwi is at a five-month high.

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Markets

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Fed, tariff fears send Dow down over 900 points

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