The sharemarket fell for a second day as investors mulled the prospect of higher interest rates ahead. “A few of the banking analysts have come out expecting a rate increase sooner rather than later. “The prevailing interest rate is one of the key factors you account for when you are valuing a company and so higher interest rates are generally negative across the board,” he said. RICKY WILSON/Stuff The sharemarket ended lower for a second day as investors mull the prospect of higher interest rates. China reported its economy expanded at a 7.9 per cent annual rate in the June quarter, down from 18.3 per cent in the March quarter.

Source: Stuff July 15, 2021 05:48 UTC