S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe New Zealand dollar rose to around $0.578, extending gains from the previous session, as a pullback in the US dollar provided support. The greenback weakened after renewed US tariff threats against several European countries, allowing the kiwi to advance despite lingering global trade uncertainty. Meanwhile, investors continued to assess the potential timing of rate hikes by the Reserve Bank of New Zealand after recent data pointed to improving economic momentum, with stronger manufacturing activity, firmer labor conditions, and rising business confidence reinforcing expectations that the central bank could begin tightening policy later this year. Traders are implying more than a 50% probability of a rate increase in September, with a move fully priced in by October. Markets have now turned to the Q4 inflation report due later this week, with the annual rate expected to remain at its highest level in a year, further strengthening the case for policy tightening.
