Shares rise as investors try to pick inflation peak

Thu, 14 Apr 2022

New Zealand shares were up on Thursday, following a more positive mood globally as some investors predicted inflation was at its peak and would recede. The S&P/NZX 50 Index rose 16.5 points, or 0.1%, to 11,891.58. Turnover was $128 million.BNZ interest rate strategist Nick Smyth said global interest rates had stabilised overnight on hopes inflation may be close to peaking.US inflation data recently came in a little hotter than expected with headline inflation at 8.5%, but core inflation – which removes volatile food and energy pr...

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