Australia shares higher as virus restrictions ease, NZ falls [Reuters]
AUSTRALIA&N Z BKG S/ADR (ANZBY)
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en.wikipedia.org/wiki/australia
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Source: Reuters
Australia shares higher as virus restrictions ease, NZ falls (Updates to close) By Soumyajit Saha April 29 (Reuters) - Australian shares rose on Wednesday, tracking Asian peers, after coronavirus-induced restrictions slowly eased around the world and as strong domestic inflation data supported sentiment. The country’s headline consumer price index rose in the first quarter to lift annual inflation to 2.2%, its highest reading in five and a half years, but the long-desired pick-up is likely to be fleeting in the face of a coronavirus lockdown and collapsing energy prices. A rise in Australia’s annual inflation helped soothe some nerves surrounding the underlying economic health of the economy, said Nick Twiddle, general manager at IC Markets. The S&P/ASX 200 index rose 1.51% to 5,393.4 points, off 25.1% from its lifetime high and down 20.51% so far this year. On the other hand, New Zealand’s benchmark index fell 0.9% to 10,666.19, weighed by losses in the healthcare and consumer sector
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