S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The NZX 50 climbed 158 points, or 1.2% to close at 13,228 on Wednesday, hitting nearly a three-week high after the central bank kept interest rates unchanged for a third consecutive meeting. However, the decision revealed a more hawkish tone than anticipated, with policymakers evenly split on whether rates should be raised. The bank also signaled that rates may need to rise sooner and by a greater extent than expected, citing mounting inflation risks from higher energy prices. Markets increased bets on a July rate hike, with the odds of a 25-bp move rising to around 75%, while year-end rate expectations climbed to 3.0%. Meanwhile, sentiment remained supported by hopes of a breakthrough in ongoing US-Iran peace talks, despite recent US military action in Tehran. Healthcare stocks led the advance, with heavyweights Fisher & Paykel and Ryman up 2.3% and 3.6%, respectively. Infratil, an infrastructure investment company, also surged 5.8% after posting a net surplus for the fiscal year.
Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service
