NZ shares edge higher as interest rates ease

Wed, 09 Jun 2021

New Zealand shares edged higher as bond yields and swap rates eased with investors appearing to brush off the risk of inflation. The S&P/NZX 50 Index rose 48.85 points, or 0.4%, to 12,566.50. Within the index, 15 stocks fell, 28 rose and seven were unchanged. Turnover was $395 million. Financial markets around the world were fairly muted ahead of an important inflation indicator being released in the United States on Thursday night.The consumer price index is expected to deliver a “monster of a result” with headline in...

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