NZ shares up as investors look for data signals
NZ shares edged higher as financial markets resettled after a tumultuous week which saw a severe reaction to the mere suggestion the US central bank may tighten monetary policy.
Salt Funds portfolio manager Matt Goodson said market gyrations led from the United States had settled and many prices had returned to where they started.
“Where to from here will be very data dependent,” he told BusinessDesk.
In the past two days, consumer confidence on both sides of the Tasman Sea climbed above already high levels and NZ electronic card spending jumped 8.5%.
The S&P/NZX ...MORE»
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Research suggesting that 1.5 million Kiwis are either using or planning to use digital investment platforms comes as no surprise to companies at the forefront of the sector.
On Wednesday, new research from the Financial Services Council (FSC) revealed the surprising number of Kiwis using platforms like Sharesies, Hatch and Smartshares to invest their money.
“Over the past eighteen months we’ve seen the incredible rise of the digital investor, and our research has revealed that 38.2% of adult New Zealanders currently use, or plan to use micro-investing platforms," ...MORE»
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