NZX 50 soars to fresh record in global equities rally and hunt for yield

Fri, 23 Jan 2015

By Suze Metherell Jan. 23 (BusinessDesk) - The NZX 50 Index climbed to a fresh high as investors hunt for income paying investments on the prospect of interest rates staying lower for longer, as the European Central Bank embarks on a sovereign debt buying programme. Overnight the ECB confirmed it will launch a bigger-than-expected 60 billion euro a month bond purchase programme to stimulate the region's economy and boost inflation. It follows the US Federal Reserve's own quantitative easing programme, which wrapped up last year and saw eq...

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