Shares in the Asia-Pacific rose on Thursday after Wednesday’s negative session.
New Zealand's growth recovery driven by transport, data shows
Gross domestic product in New Zealand rebounded in the June 2022 quarter, growing 1.7% after shrinking 0.2% in the previous quarter, Transport, postal, and warehousing jumped 19.7%, driven by air transport and transport support services, while arts, recreation and other services grew 9%. New Zealand eased Covid restrictions earlier this year, including loosening entry requirements for tourists.CNBC Pro: Morgan Stanley says the S&P 500 is set for a comeback by year-end. These are its top stock picks— the worst since June 2020 — following yet another hot inflation report. But that may not last for long, according to Andrew Slimmon of Morgan Stanley Investment Management, who says the S&P 500 could enjoy upside by year-end.
He predicts the level that the S&P 500 will rise to by the year end, and also picks stocks to buy into the"fear."
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