NZ shares climb as global economy tipped for recovery

Dan Brunskill
Wed, 07 Apr 2021

Dan Brunskill
Wed, 07 Apr 2021
New Zealand's main share index rose as investors were encouraged by the International Monetary Fund predicting a swifter and strong global economic recovery as vaccines are distributed.The S&P/NZX 50 Index rose 87.11 points, or 0.7%, to 12,487.59. Within the index, 23 stocks rose, 22 fell, and five were unchanged. Turnover was $271 million.Overnight, the International Monetary Fund lifted its forecasts for global growth now forecasting a 6% expansion in 2021, which would be the fastest rate in decades.“Global prospects continue to...

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