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 Market
The NZX 50 fell 51 points, or 0.4%, to close at 13,202 on Thursday, halting gains from the previous two sessions and marking its lowest level in over two weeks, after retreating from its highest level since May 7, reached a day earlier. The broader index tracked a downbeat session on Wall Street Wednesday as escalating tensions in the Middle East drove oil prices higher. Concerns over the US May inflation figure also pressured sentiment, as inflation accelerated to its highest level in three years in May, reinforcing expectations that the Fed will hold interest rates steady for longer. Investors remained wary ahead of the release of New Zealand’s business PMI for May, due on Friday, after the index recorded its slowest growth in seven months in April. Financials, materials, and industrials stocks mainly weighed on the index, with notable losers including Infratil (-1.9%), Mainfreight (-1.8%), Ebos Group (-1.2%), Fletcher Building (-1.0%), and Westpac Banking Corp. (-0.9%).
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