NZ shares fall on interest rate risk

Mon, 11 Apr 2022

New Zealand shares generally fell on Monday with inflation and high interest rates top of mind as investors braced for US inflation data and central bank meetings in NZ and Europe. The S&P/NZX 50 Index fell 134 points, or 1.1%, to 11,932.03. Turnover was $142 million.US stock market futures were lower today, ahead of consumer price data set to be released later this week.The European Central Bank will meet on Thursday and could signal a rate hike in June, meanwhile the Canadian and NZ central banks may hike interest rates 50 basis poi...

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