FX.co ★ New Zealand Stocks Kick off the Week Higher

New Zealand's stock market experienced an uptick on Monday, with equities rising by 94 points, or 0.8%, reaching 12,112 in early trading. This marks the third consecutive session of gains as markets reopened following an extended holiday period. The majority of sectors posted gains, with significant contributions from healthcare, financials, and consumer discretionary sectors. The NZX 50 Index approached its highest point in nearly two weeks, buoyed by a tech stock rally from Wall Street on Friday. Investors remain focused on any signals of easing tensions in the US-China trade conflict. In addition, they are awaiting PMI data from both official and private Chinese sources, expected later this week. Attention will also be on upcoming US economic indicators, including PCE inflation figures and the employment report. Among the standout large-cap performers were Fisher & Paykel (up 3.7%), Infratil (up 2.5%), ANZ Group (up 0.9%), Marsden Maritime Holdings (up 0.9%), Fonterra (up 0.7%), and Ebos Group (up 0.5%).