Sharemarket slips as higher interest rates loom; Steel companies gain
Steel distribution company Vulcan Steel rose on its first day of trading, bucking a down market.
Source: stuff.co.nz
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Steel distribution company Vulcan Steel rose on its first day of trading, bucking a down market.
Market interest rates have moved higher in a short period of time, which has unsettled investors.
All the leading stocks were weaker on Monday, driving the benchmark index down.
The sharemarket slipped on expectations that interest rates are going to rise further over the next 12 to 18 months.
Precinct is seeing companies return to the CBD and lease more space per person.