10 July 2025, 03:38 New Zealand: Stocks Track Wall Street Higher.
The equities in New Zealand climbed 33 points, or 0.3%, to 12,802 in early deals on Thursday, halting losses from the previous session. The NZX 50 tracked an upbeat session on Wall Street overnight as traders assessed the Fed meeting minutes and the impact of expanding tariffs. Fresh data from New Zealand's main trading partner, China, also lifted sentiment, as consumer prices in the mainland rose for the first time in five months, although producer prices continued to decline. However, traders continued to digest the impact of the RBNZ's Wednesday move to pause interest rate hikes on the domestic economy.. On the data front, visitors to New Zealand increased 6.1% YoY in June, easing from an 18.8% gain in May. Consumer staples, financials, real estate, and industrials mainly drove the index. Among early gainers were A2 Milk (1.9%), the Bankers Investment Trust (1.8%), Infratil (1.5%), the Colonial Motor Company (0.8%), Ebos Group (0.4%), and F&C Investment Trust (0.4%).
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