FX.co ★ New Zealand Equities Muted

During Tuesday morning's session, New Zealand's share market remained relatively stable, maintaining a position close to 13,500, after experiencing a slight decline the day before. Positive performances in the sectors of consumer durables and healthcare offset the downturns faced by utilities and consumer non-durables. Investors are keenly awaiting the Reserve Bank of New Zealand's forthcoming rate decision expected later this week. While a rate cut is anticipated, the scale of the reduction remains under scrutiny amidst slow economic growth and the upcoming change in leadership in December. Recent local data indicates a minor decrease in the business sentiment for Q3 and a plateau in capacity utilization. In the United States, stock futures dipped following record-breaking closures of the S&P 500 and Nasdaq indices on Monday, as traders largely dismissed concerns about the ongoing government shutdown. Among notable early market movements, Ryman Healthcare experienced a 1.9% increase, with Turner Automotive following at 1.6%, Vector Ltd. at 1.4%, and Scott Tech. at 1.3%. Conversely, T&G Global Ltd. fell by 2.4%, Hallenstein Glasson decreased by 1.9%, and Meridian Energy reported a 1.2% loss.