Talk Money: July 12

  • 12/07/2016
Talk Money: July 12

The bulls are storming across world stock markets.

Both the New Zealand and United States markets have set new records, while Japanese company Nintendo has soared in value following the release of its blockbuster Pokemon Go game.

The S&P/NZX50 index, which measures New Zealand's 50 largest listed companies, rose 0.9 percent yesterday to a new record of 7062 points.

Investors are pouring money into the New Zealand market because many locally-listed companies are paying relatively high dividends of between five and seven percent.

On Wall Street the S&P500 today hit a new all-time high.

Japanese company Nintendo has risen US$7 billion dollars ($NZ in value in two trading days. That is around ten billion New Zealand dollars.

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