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 rose 36 points, or 0.3%, to close at 13,618 on Friday, reversing morning weakness and erasing losses from the previous two sessions, mainly buoyed by the consumer staples and healthcare sectors. Easing oil prices lifted sentiment as inflation concerns subsided, reducing expectations of an interest rate hike. The rally was also supported by easing concerns about a Fed rate hike following the release of the jobs data. The latest data also supported the index, as consumer confidence in New Zealand hit a three-month high in June, while business confidence reached its highest level since February. However, traders remained cautious ahead of the RBNZ’s monetary policy decision next week amid higher global oil prices during June. A2 Milk rose 2.7%, Fletcher Building increased 2.4%, Ebos Group gained 2.3%, while Fisher & Paykel, Mainfreight, and Summerset Group each advanced 1.7%. For the week, the index gained 0.9% after being flat the previous week.
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