NZ shares climb as global economy tipped for recovery

Wed, 07 Apr 2021

New Zealand's main share index rose as investors were encouraged by the International Monetary Fund predicting a swifter and strong global economic recovery as vaccines are distributed.The S&P/NZX 50 Index rose 87.11 points, or 0.7%, to 12,487.59. Within the index, 23 stocks rose, 22 fell, and five were unchanged. Turnover was $271 million.Overnight, the International Monetary Fund lifted its forecasts for global growth now forecasting a 6% expansion in 2021, which would be the fastest rate in decades.“Global prospects continue to...

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