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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
After a volatile week that included a US Fed rate hike and US Treasury yields pushing towards 5%. market moves were relatively subdued on Friday. Equities were mixed, sovereign bond yields ticked higher, oil prices fell, and the US dollar was broadly unchanged. In energy markets, reports indicated that Saudi Aramco tol
New Zealand stocks rose 53 points, or 0.4%, to 13,973 on Friday, reversing earlier losses, with the index up 0.9% for the week and the third consecutive weekly gain.
Westpac Morning Report
Westpac Morning Report