New Zealand shares ended higher on Thursday as Asian markets saw gains after the latest US inflation data lowered expectations of a Federal Reserve rate hike.
The S&P/NZX 50 Index rose 0.64% or 87.64 points to close at 13,825.30.
On Wednesday, the S&P 500 rose 0.3%, the Nasdaq gained 0.5% while the Dow Jones was little changed.
The US consumer price index rose 3.4% last month from a year earlier, decelerating from a 3.5% rise in June and marking the slowest pace of growth since March, Bureau of Labor Statistics data showed Wednesday.
In domestic news, New Zealand housing market prices remained steady in July, but the pace of activity has slowed due to cautious buyers, according to a report from the Real Estate Institute of New Zealand.
Further, the Reserve Bank of New Zealand said the respondents for its September quarter survey of expectations expect the country's annual consumer price index growth to be 2.6% one-year-out and 2.34% two-years-out, data showed.
Also, high fuel prices are weighing on terms of trade, but it is not anticipated to derail New Zealand's economic recovery, ANZ said.
In corporate news, ANZ Group Holdings (ASX:ANZ) logged AU$1.901 billion in cash profit for fiscal Q3, up 2% from a year ago.
SkyCity Entertainment Group (ASX:SKC, NZE:SKC) is considering restructuring its operations, which could lead to 200 roles being affected, media reports said.