Market close: NZ stocks feel weight of global inflation fight

Federal Reserve Chairman Jerome Powell announced another big rate hike earlier this week. Photo / AP

Six central banks hiked interest rates this week to fight inflation and New Zealand’s stock market was eventually impacted by weaker offshore share prices, falling almost 1 per cent.

The S&P/NZX50 Index closed at 83.49

Also Read :  Fed minutes October 2022:
Also Read :  Polyurethane Foam Market Worth $1.39 Billion by 2027 At A Growth Rate of 5.8% - IndustryARC
Also Read :  Pharus, Inc. Names Philip C. Huang as Company CEO, Becomes Newest Player in Cancer Liquid Biopsy Market

Source link