NZX 50 falls 19 points, or 0.1%, to 13,800 in Thursday trade
New Zealand stocks fell 19 points, or 0.1%, to 13,800 in Thursday morning trade, after rising in the prior session. The decline tracked a downbeat Wall Street session tied to higher Treasury yields and rising oil prices.
1%, to 13,800 in Thursday morning trade, after gaining in the previous session, tracking a downbeat session on Wall Street overnight following a surge in Treasury yields and rising oil prices. Oil continued to rise, raising concerns over inflation and boosting bets that central banks would raise interest rates. Traders also anticipated the release of US inflation data later this week for clues on the Fed's monetary policy decision at its upcoming meeting. 4%).