
NZ markets take high CPI in their stride, focus on US Fed
The Fed signalled its intention to raise interest rates in March.
The Fed signalled its intention to raise interest rates in March.
US markets have fallen ahead of key Federal Reserve announcement on Thursday NZ time.
The New Zealand sharemarket posted its first gain in six trading days.
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A stoic performance by the New Zealand sharemarket eventually petered out.
The index has now fallen more than 6.6 per cent this year.
An ailing New Zealand sharemarket suffered its eighth fall in 12 trading days this year.
New Zealand has seen an all time average price high of $2.52 at the pump.
The prospect of multiple interest rate rises to combat inflation is gripping the markets.
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The NZ sharemarket closed lower, driven partly by a slump in The Warehouse.
Financial markets appear less confident inflation will quickly settle back to low levels.
Power and property stocks had a better day, but technology stocks remained weak.
Market led down by US markets falling amid concerns Fed might hike interest rates faster.
Drops in technology stocks have weighed on the market.
Kiwi digi-investors are buying up cryptocurrency and NFTs despite last month's crash.
Late rally fails to lift sharemarket into positive territory for the year.
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Index edges up for the day as average annual gain market over 10 years nudges15 per cent
The NZ sharemarket closed flat, but two well-established stocks provided the impetus.
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The New Zealand sharemarket finished more than half a per cent ahead.
The New Zealand sharemarket had a strong afternoon turnaround.
The New Zealand sharemarket has fallen 2.83 per cent this year.