NZ shares soar on hefty rate cut, Australian market snaps 5-day slump
New Zealand’s stock market rallied on
Wednesday after the nation’s central bank stunned investors with
a steep 50 basis point rate cut, while Australian shares snapped
a five-session losing streak, powered by safe-haven gold stocks.
Wednesday after the nation’s central bank stunned investors with
a steep 50 basis point rate cut, while Australian shares snapped
a five-session losing streak, powered by safe-haven gold stocks.
Posted by Reuters