NZ shares rise as US earnings season prepares to kick off
New Zealand’s market headed upwards today as investors wait impatiently for the US earnings season to get under way and see what’s inside company books.
Will companies come out the other side with a skip in their step or slightly bruised? We’ll get a better idea in the next few days.
The S&P/NZX 50 index rose 56.8 points, or 0.5%, to 11,811.24. Turnover was $77.4 million.
Peter McIntyre, an investment advisor at Craigs Investment Partners, said once earnings season kicks off in the US, NZ’s market would start shooting from more than one barrel.
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