NZX 50 Falls for 3rd Day, Down 0.3% at Close

The NZX 50 fell 38 points, or 0.3%, to close at 13,025 on Thursday, retreating for the third consecutive session and marking its lowest level since May 4, mainly driven by losses in the energy, consumer staples, and healthcare sectors. Wednesday’s RBNZ quarterly survey, which highlighted expectations of higher inflation, interest rates, and unemployment, along with weaker growth for the coming year, continued to pressure sentiment. Investor sentiment was further subdued ahead of the release of New Zealand’s food inflation data and manufacturing PMI scheduled for Friday. Markets are also monitoring the summit between US President Trump and Chinese President Xi Jinping, which begins today, amid hopes of easing trade tensions. Air New Zealand slumped 5.8% after the firm warned of its biggest loss in four years due to higher fuel costs amid the Middle East crisis. Other major losers included A2 Milk (-3.7%), Mainfreight (-2.3%), and Turners Automotive Group (-2.3%).
Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service
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




