US debt deal boosts NZ sharemarket

US President Biden's deal over debt boosted the NZ sharemarket. (Image: Getty)

Mon, 29 May 2023

Fisher and Paykel Healthcare made a recovery and the New Zealand sharemarket surged nearly one percent on news that an agreement had been reached on the United States debt ceiling.The increased investor confidence boosted the S&P/NZX 50 Index which climbed steadily all day and closed at 11,935.65, up 105.62 points or 0.89% and almost wiping out the loss on Friday.There were 101 gainers and just 33 decliners over the whole market, though trading was light with 75.5 million shares worth $75.22m changing hands.Over the weekend, the White House...

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