NZ shares up as investors look for data signals

Sky Network Television was up 1.8% at 17.1 cents having secured partnerships with the NRL and New Zealand Rugby League until the end of 2027. (Image: Supplied) (Image:

Dan Brunskill

Wed, 23 Jun 2021

NZ shares edged higher as financial markets resettled after a tumultuous week which saw a severe reaction to the mere suggestion the US central bank may tighten monetary policy. Salt Funds portfolio manager Matt Goodson said market gyrations led from the United States had settled and many prices had returned to where they started. “Where to from here will be very data dependent,” he told BusinessDesk.In the past two days, consumer confidence on both sides of the Tasman Sea climbed above already high levels and NZ el...

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Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

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