FX.co ★ New Zealand Shares Subdued

New Zealand's stock market remained relatively stable on Wednesday morning, trading around the 12,930 mark following four consecutive sessions of gains. The increase in stocks for commercial services and utilities mitigated the declines observed in industrial services and consumer non-durables. Investors awaited with caution the upcoming release of July's business sentiment data, expected later in the day, following a rise recorded in June for the first time since February. Meanwhile, in Australia, investors anticipated key monthly and quarterly inflation reports scheduled for release today. In the United States, the S&P 500's six-day rally came to a halt on Tuesday as traders processed a slew of corporate earnings reports and closely monitored U.S.-China trade negotiations. Attention also focused on the Federal Reserve's rate decision set to be announced later, amid President Trump's renewed advocacy for rate cuts. Later in the week, U.S. inflation data is expected to further influence market sentiment. Among individual stocks, Colonial Motor Co. saw a decline of 2.1%, Restaurant Brands NZ decreased by 2.0%, and T&G Global dropped 1.8%. In contrast, PGG Wrightson experienced a gain of 1.8%, Meridian Energy rose by 1.2%, and Scales Corp. increased by 1.1%.