FX.co ★ New Zealand Stocks Open Week in the Red

New Zealand's stock market experienced a decline of 34 points, or 0.3%, settling at 12,519 during early trading on Monday. This marks the second consecutive session of downturns, primarily attributed to a weakening in the healthcare, transport, and consumer non-durables sectors. Investor sentiment was notably cautious following a sell-off on Wall Street last Friday, spurred by rising tensions between Israel and Iran, which have heightened concerns over global economic stability. Market participants were also on the lookout for significant economic data from China, expected later today, including figures on industrial output, retail sales, and the jobless rate. In the domestic front, New Zealand is set to release several key economic reports this week, focusing on May's food inflation, first-quarter GDP, and the current account balance. However, the market's losses were somewhat mitigated by indications that U.S. President Trump might extend the July 8 deadline for trade negotiations, potentially postponing the imposition of higher tariffs. Among early decliners were Sky Network TV, with a drop of 1.8%, A2 Milk Co., which decreased by 1.6%, and Fisher & Paykel Healthcare, falling by 1.3%.