FX.co ★ New Zealand Shares Finish Flat

On Monday, New Zealand's S&P/NZX 50 index closed relatively unchanged at approximately 12,765. This stability follows a previous session of gains, as investors evaluated recent global trade developments. President Donald Trump announced the implementation of extensive reciprocal tariffs set to commence on August 1, while extending a three-week period for most impacted nations to engage in further discussions. On the domestic front, the Reserve Bank is anticipated to maintain its cash rate at 3.25% this week, signifying the first pause following six consecutive rate cuts. Nevertheless, due to potential negative effects stemming from U.S. tariffs, investors expect an additional one or two 25-basis-point reductions later in the year. On the stock exchange, declines were primarily seen in Hallenstein Glassons (-2.8%), Sanford (-2.6%), Napier Port (-2.4%), and Gentrack (-2.4%). Conversely, the market saw advances with Ryman Healthcare (+3.4%), Infratil (+2.9%), Seeka (+2.2%), and Spark NZ (+1.1%) leading the gains.