New Zealand stocks edged up 17 points, or 0.1%, to 13,465 in Tuesday morning trade, reversing prior-session losses amid gains mainly in consumer durables and energy minerals. Sentiment improved after new central bank governor Anna Breman told a parliamentary committee Monday that inflation stability and growth were priorities, while pledging greater transparency in policy decisions. Weak November PMI data from China, New Zealand’s key trading partner, also supported the market by lifting expectations for fresh stimulus. However, upside was limited as Dow Jones and S&P 500 futures fell sharply following Wall Street’s tech-led selloff on the first trading day of December. Locally, Q3 2025 merchandise terms of trade dropped 2.1% qoq, missing forecasts for a 0.3% rise. Meanwhile, New Zealand building permits fell in October, marking the first drop in four months. Early movers included Property for Industry (1.7%), Turners Automotive (1.5%), Chorus (1.1%), and Meridian Energy (0.9%).
