New Zealand shares rose on Friday as markets weighed in on the 14-point agreement between the US and Iran that finally reopens the Strait of Hormuz.
The S&P/NZX 50 Index rose 0.99%, or 132.32 points, to close at 13,495.63.
On Thursday, the Nasdaq Composite rose 1.9%, the S&P 500 gained 1.1%, while the Dow Jones inched up 0.1%.
In domestic news, New Zealand recorded a goods trade surplus of NZ$800 million in May, compared with a surplus of NZ$1.6 billion in April, Stats NZ data showed.
Also, the March quarter New Zealand gross domestic product (GDP) data showed that monetary policy easing was working, but through business investment and trade rather than the consumer, Jarden said in a note late on Thursday.
In corporate news, SkyCity Entertainment Group (ASX:SKC, NZE:SKC) and SkyCity Adelaide entered into a nonbinding heads of agreement with the Commissioner for Liquor and Gambling in South Australia, which provides for a total fine of AU$21 million.
Rua Gold (NZE:RGI) continued to confirm “significant” potential to expand the gold-antimony resource at its Auld Creek project in South Island, New Zealand.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source au.finance.yahoo.com ’
