NZ shares slip as US inflation data looms

US inflation data is due to come out later this evening. (Image: Supplied)

Fri, 10 Jun 2022

New Zealand's sharemarket declined on Friday as the local trading week came to a close before the release of US inflation data, which is due to come out later on Friday night.The S&P/NZX 50 Index fell 75 points, or 0.7%, to 11,136.28. Turnover was light at just $92.3 million.Thin trading volumes today might be a sign that investors were unwilling to make big moves ahead of the important inflation data set to be released in the US over the weekend, which will help set the tone for central bank policy.BNZ interest rate strategist Jason Wo...

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