Markets

Higher unemployment spurs interest in NZX50

Rebecca Howard
Wed, 03 Aug 2022

Higher unemployment spurs interest in NZX50
The jobs data has some economists rethinking interest rates. (Image: Getty)
Rebecca Howard
Wed, 03 Aug 2022
Investors continued to hone in on A2 Milk today after last night's flurry of speculation over its access to the US, while weaker jobs data had some analysts predict a slower pace of rate hikes, increasing the allure of companies offering reliable dividends. Late yesterday, A2 noted media speculation that it was nearing approval from the US Food and Drug Administration but said its application to sell infant formula in the US was still being reviewed.The stock, however, added another 0.9% to $5.47 as investors focused on the fact that A...

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