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17 May 2022 15:30
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  •   Home > News > Business

    The tap's being turned down on cheap money, which is making markets nervous

    The tap's being turned down on cheap money, which is making markets nervous


    The New Zealand share market fell into correction territory yesterday morning, but recovered during the afternoon to close down 1.27 per cent.

    US stocks are also down, with the S&P 500 index falling and the Dow tumbling more than 800 points.

    Craigs Investment Partners analyst Mark Lister says that's expected to flow through to New Zealand, especially when it comes to house prices.

    He says when the central banks take the punch bowl away, the partying doesn't necessarily stop completely, but it certainly might slow down.

    © 2022 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
    Ariana Grande won't drop a new album until she's wrapped 'Wicked' 15:18

    Business:
    Should you leave your money in superannuation or put it towards a deposit for a first home? 15:10

    Law and Order:
    Police are on the lookout for mother and son - 37-year old Kara Blair and five-year-old Cooper Hunter 14:50

    Entertainment:
    Ukraine has won the 2022 'Eurovision Song Contest' 14:48

    Law and Order:
    The family of a Christchurch man stabbed to death hopes his murderer will reflect on her actions 14:40

    Rugby:
    Blues midfielder Rieko Ioane has been ruled out of this weekend's Super Rugby Pacific match against the Brumbies in Canberra with a hamstring strain 14:40

    Cricket:
    She'll be padding up either way but whether it's hockey or cricket is still to be determined for Canterbury's Kirsty Nation 14:30

    Entertainment:
    The UK's 'Eurovision' finalist Sam Ryder brought the house down with a stellar performance of 'Space Man' 14:18

    Entertainment:
    Maneskin poked fun at cocaine-gate as they returned to 'Eurovision' on Saturday night (14.05.22) 13:48

    Entertainment:
    Britney Spears has lost her baby 13:18


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