NZ shares tread water ahead of US jobs report

Nick Smyth, an interest strategist at BNZ, said markets were trading sideways in the US overnight.

Thu, 03 Jun 2021

New Zealand shares were virtually flat as investors here and overseas waited for employment data in the United States for signs of economic improvement. The S&P/NZX 50 Index fell 10.07 points, or 0.1%, to 12,429.98. Within the index, 23 stocks fell, 19 rose and eight were unchanged. Turnover was $170.1 million.Nick Smyth, an interest strategist at BNZ, said markets were trading sideways in the US overnight with investors looking towards the US nonfarm payrolls data for clues about inflation. “It’s possible the...

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