Logistics stocks led NZ shares marginally lower

Tue, 03 Aug 2021

New Zealand's headline share index was virtually unchanged as investors watched for signs the covid-19 delta variant might be slowing the rebound in global economic activity.The S&P/NZX 50 Index fell 2.5 points, or 0.02%, to 12,700.5. Turnover was light for a second day at $105 million.The yield on US government bonds continued to fall with the 10-year rate now trading below 1.15% after some soft manufacturing data in America hinting the rate of recovery may be slowing.Jarden economist John Carran said financial markets have been recali...

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