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The NZX 50 dropped 16 points, or 0.1%, to 13,794 in Friday morning trade, extending losses from the previous session, mainly weighed down by the real estate, communication services, and tech sectors. Rising oil prices pressured sentiment, raising concerns over inflation expectations and interest rate hikes, after a rep
Global equity markets closed mixed, with Europe down and Wall Street ending a volatile week with modest gains. US Treasury yields topped 5%, while Brent crude remained above $100. Asian markets showed mixed performance.
Global equity markets experienced a mixed session on Friday, with gains on Wall Street partially offsetting losses in Europe. Bond yields continued to climb, with US 10-year Treasury yields topping 5%, while currency markets saw the dollar strengthen against the yen. Spot gold and Brent crude prices showed modest movem
New Zealand stocks gained on Thursday, but the NZX 50 is set for a 1.5% weekly fall.
New Zealand stocks climbed 94 points, or 0.7%, to 13,940 in Friday morning trade, supported by gains in financials, energy, materials, utilities and healthcare. The index is heading for a 1.2% weekly rise.