Omicron and inflation risks flatten share market

Tim Agar, a research analyst at Jarden, wrote in a note that companies with the ability to raise prices are likely to outperform while inflation remains high.

Dan Brunskill

Wed, 01 Dec 2021

New Zealand shares held steady as a strong gain from Synlait Milk offset global market jitters after the US Federal Reserve chair said the risk of high inflation could see the bank tighten policy.The S&P/NZX 50 Index closed virtually unchanged, up just five points at 12,724.91. Turnover was $196 million.US markets fell overnight after Jerome Powell told US Congress he wouldn’t describe inflation as “transitory” as it could linger into next year.Major equity indices were down after the comments gave Asian markets a soft sta...

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