FX.co ★ NZX 50 Rebounds After Three-Day Slide

On Wednesday, New Zealand's S&P/NZX 50 index climbed by 0.7%, concluding the day at 13,758 and breaking a three-day downward trend. This rebound was primarily attributed to advancements in the healthcare technology, industrial, and utility sectors. The market was buoyed by positive trade data expected from China, New Zealand's primary trading partner, with momentum further bolstered by the performance of Chinese stocks. On the domestic front, investors are keenly awaiting the release of business PMI and food inflation statistics on Thursday. Key market performers included Fisher and Paykel, Turners Automotive, Mainfreight, Infratil, Spark NZ, Vista Group, Auckland International, and Contact Energy, with gains ranging from 0.6% to 1.3%. Additionally, the forthcoming World Economic Forum in Davos, where discussions will be led by President Trump, is of interest to investors for potential insights into future policy and economic trends that could impact global markets.