NZ shares decline as world waits on US Fed

Wed, 16 Jun 2021

New Zealand shares declined as investors waited for the US Federal Reserve to wrap up policy meetings overnight and give a press conference Thursday morning (NZ time). The S&P/NZX 50 Index fell 114.79 points, or 0.9%, to 12,581.6. Within the index, 15 stocks fell, 29 rose and six were unchanged. Turnover was $164 million. Markets traded with a cautious tone with investors holding out for any signs the US central bank would look to tighten generous monetary policy settings that have unpinned high equity pricesInterest rate strategi...

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