The NZX 50 climbed 39 points, or 0.3%, to 13,410 in Thursday morning trade, halting losses from the previous two sessions and moving from its three-week low touched a day earlier. The move tracked a rise on Wall Street overnight after the Fed eased monetary policy. The US central bank lowered the federal funds rate by 25 bps and signaled one additional rate cut next year. Positive economic data from China, New Zealand’s top trading partner, also lifted sentiment, after consumer prices on the mainland rose the most in 21 months, following better-than-expected trade data. Domestically, traders anticipated the release of the business PMI for November, after the October reading hit a three-month high. The tech, healthcare, financial, and consumer discretionary sectors mainly drove the index, with notable moves from Mainfreight (1.7%), Gentrack Group (1.1%), Fisher & Paykel (0.7%), ANZ Group (-0.7%), and Infratil (0.6%).