New Zealand shares fall ahead of Fed meeting

New Zealand shares fall ahead of Fed meeting

New Zealand shares fell on Tuesday ahead of Policy decisions by the US Federal Reserve, Bank of Japan (BOJ) and the Reserve Bank of New Zealand (RBNZ).

The banks are dampening appetite for risk assets, traders and analysts said.

New Zealand's benchmark S&P/NZX 50 index fell 0.7 per cent or 46.56 points to 6,819.55.

Banks were mixed with ANZ down 0.7 per cent, according to a news agency report.

-SRS-