Markets market close

NZ share market climbs as US Federal Reserve hikes interest rates

Dan Brunskill
Thu, 16 Jun 2022

NZ share market climbs as US Federal Reserve hikes interest rates
US investors had already priced in the Fed raising rates. (Image: Getty)
Dan Brunskill
Thu, 16 Jun 2022
New Zealand shares rose slightly on Thursday as investors bought back into risk assets after the Fed, the American central bank delivered a 75 basis-point rate increase.The S&P/NZX 50 Index rose 10.6 points, or 0.1%, to 10,646.58. Turnover was $114 million.Early this morning, the United States Federal Reserve pushed through the largest interest rate increase since 1994 and said it would continue to raise rates through next year.Market reaction to the dramatic announcement was modest but only because traders had predicted this outcome after...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Energy
More work on Onslow gets green light from ministers
Ian Llewellyn | Thu, 07 Jul 2022

Cabinet gives green light to more Onslow pumped hydro project, narrows down alternative options on solving the dry year problem.

Finance
Homebuyers: the bank is still watching your spending
Frances Cook | Thu, 07 Jul 2022

The sillier parts of the CCCFA are gone, but banks still need to make sure you can afford a loan, so they’re going to go through your income and expenses. 

Law & Regulation
Lego, Zuru to head to trial over use of trademark
Ben Moore | Thu, 07 Jul 2022

The two toy titans have clashed over Zuru’s use of the Lego trademark on statements of compatibility on its packaging.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges