Shares dip as investors await US data

The index has fallen one percent in the last two trading days. (Image: Getty)

Tue, 12 Dec 2023

The New Zealand sharemarket shed more than half a percent as it waited for the latest United States inflation rate and the Federal Reserve’s stance on interest rates.The S&P/NZX 50 Index was on a gradual slide all day and closed at 11,382.58, down 66.89 points or 0.58%. The index has fallen 1% in the last two trading days and is now 0.8% behind for the year to date.There were 50 gainers and 79 decliners over the whole market on volumes of 42.37 million share transactions worth $100.11 million.Mark Lister, investment director with Crai...

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