Markets

Eyes on US events ahead of Biden inauguration

Rebecca Howard
Mon, 11 Jan 2021

NZ shares are expected to track Wall Street higher as investors remain cheered about the prospect of more economic stimulus in the US under the incoming Biden administration.US markets shrugged off the first decline in the number of non-farm jobs in the economy since May and ended higher Friday, with all three major indices hitting fresh records.Total US employment fell in December by 140,000 to 142.6 million, roughly 10 million fewer jobs than before the coronavirus pandemic struck and far higher than the projected 50,000 losses that analysts...

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