NZ stockmarket sets record high, finally
Kiwi stock exchange hits new high after more than nine months as NZ market back in vogue.
Kiwi stock exchange hits new high after more than nine months as NZ market back in vogue.
The S&P/NZX 50 Index rose 36.4 points, or 0.5 per cent, to 7552.75.
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It retreated after the Federal Reserve announced an increase in interest rates.
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The S&P/NZX 50 Index increased 32.36 points, or 0.4 per cent, to 7516.35.
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The New Zealand dollar fell from a three-month high against the pound.
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The New Zealand dollar traded near a 3-month high against the British pound.
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Sterling suffered its steepest daily fall of 2017 after a shock UK election result.
The S&P/NZX50 index dropped 0.3 per cent to 7436.1.
The NZ dollar rose against the British pound as markets awaited official election results.
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Auckland Airport's boss downplayed criticism that new charges are "unjustifiably high".
Oil prices fell on a government report showing a buildup in US crude stockpiles.
British election, ECB meeting and testimony of James Comey could send markets into a spin.
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