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International

New Zealand New Residential Mortgage Lending Falls in April

Total new residential mortgage lending in New Zealand fell to NZ$7.99 billion in April from NZ$9.5 billion in March, according to data from the Reserve Bank of New Zealand released on Tuesday.Residential mortgage lending to first home buyers fell to NZ$1.65 billion in April from NZ$1.99 billion in the previous month. Lending to other owner-occupiers decreased to NZ$4.76 billion from NZ$5.49 billion.Residential mortgage lending to investors fell to NZ$1.46 billion from NZ$1.89 billion, while that for business purposes decreased to NZ$119 million from NZ$134 million.Total new residential lending at a loan-to-valuation ratio above 80% came in at NZ$1.17 billion in April for all borrower types, down from NZ$1.38 billion in March.Residential mortgage lending, where the loan-to-valuation ratio is equal to 80% or below, was NZ$6.82 billion for all borrower types, down from NZ$8.12 billion in the previous month.

^NZ50
Asia

NZX Midday Sector Update: Health Technology Rises, Commercial Services Tank

Health technology stocks gained the most on New Zealand's Exchange, rising nearly 6% by midday Tuesday.Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) shares climbed almost 7% in recent trade.The company reported Tuesday fiscal 2026 underlying earnings of NZ$0.793 per share, up from NZ$0.639 a year earlier.Meanwhile, the commercial services sector declined past 1%.PGG Wrightson (NZE:PGW) was down past 3% in recent trade.

^NZ50ASX:FPHNZE:FPHNZE:PGW
International

Asia Week Ahead: Policy Rate Decisions, Inflation Prints and GDP Reports

Asia's economic calendar this week features a mix of inflation data, interest rate decisions, GDP releases and industrial figures across the region.The week opens with Singapore's GDP and inflation data, plus Thailand's trade figures, followed on Tuesday by Taiwan's industrial production and retail sales reports.Mid-week, attention turns to the Reserve Bank of New Zealand's policy decision and Australia's inflation print. On Thursday, the Bank of Korea will announce its rate decision, while Hong Kong releases trade data and India reports industrial and manufacturing output figures.Friday will be the busiest day for macro releases, led by a batch of key indicators from Japan. The week wraps up with China's PMI readings on Sunday.Here's what to watch in the week ahead.MONDAY, May 25Singapore's economy grew 6.0% year over year in the first quarter, government data showed, beating the 4.6% flash estimate and accelerating from the 5.7% growth in Q4.The expansion was driven by strong performances in the wholesale trade, manufacturing, and finance and insurance sectors.Meanwhile, the city-state's annual inflation rate held steady at 1.8% in April, unchanged from March but below market expectations of 2%.Core inflation, on the other hand, eased to 1.4% in April from 1.7% a month prior.In Thailand, exports surged 23.1% year over year to $31.6 billion in April, accelerating from an 18.7% increase in March and beating forecasts of 16.2%.Imports likewise strengthened, expanding 45% in April to $41.6 billion, compared with a rise of 35.7% a month prior.As a result, the trade deficit ballooned to $10.02 billion in April from $3.3 billion a year earlier, far above forecasts of a $5.1 billion shortfall.TUESDAY, May 26Singapore will release its April industrial production data, while Taiwan is due to report both industrial production and retail sales figures for the month.WEDNESDAY, May 27New Zealand's central bank will hold its policy meeting, with analysts expecting no change to the country's official cash rate of 2.25%, according to a Trading Economics consensus.Australia is set to release inflation figures on the same day. Consumer prices rose 4.6% year on year in March, the fastest pace since September 2023, and are expected to accelerate to 5.1% in April as oil prices climb amid the Middle East conflict.Meanwhile, China will report its industrial profits for April. A pair of confidence reports covering business and consumer sentiment will be due in South Korea and Taiwan, respectively.THURSDAY, May 28The Bank of Korea is set to meet for its policy rate decision, with markets watching for any change to its current 2.5% benchmark rate amid inflation and growth pressures linked to the ongoing conflict in the Middle East.Hong Kong will release its monthly trade figures. The April reading could show a narrowing of the trade deficit to HK$46 billion from HK$89.1 billion in March, Trading Economics forecasted.Meanwhile, India will report its industrial and manufacturing production data for April.Markets will also watch New Zealand's ANZ Business Confidence report for May, after the index dropped to -10.6 in April -- its first negative reading since August 2023 -- as the Middle East conflict weighed on sentiment.FRIDAY, May 29Japan's usual end-of-month data deluge, which includes the release of inflation, unemployment rate, industrial production and retail sales, will provide insights into the country's economic health.Markets will also watch Taiwan's final Q1 GDP growth figures for any revision from the preliminary estimate, which showed the economy expanding by 13.7%.Other highlights include trade balance figures from Macau and the Philippines, and export and import price data from Singapore.Both South Korea and Thailand will report their monthly industrial production and retail sales stats, while Macau will report its unemployment rate for April.Lastly, a report capturing business confidence in April will be due in the Philippines.SUNDAY, May 31China, the biggest economy in Asia, will release its official May PMI data covering manufacturing, non-manufacturing and general activity.

ASX 200^BSEHang SengKOSPINikkei 225^NSE^NZ50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

New Zealand Shares Flat; Radius Residential Care Expands Debt Facilities by NZ$30 Million

New Zealand shares ended flat with a negative bias on Monday, amid a fall in oil prices on hopes of a resolution of the conflict in the Middle East.The S&P/NZX 50 Index was little changed to close at 12,970.28.Brent crude oil futures fell over ​4% to $98.83 per barrel. US President Donald Trump said he had told ​his representatives not to rush into any deal with Iran. Earlier, the President said the US and Iran had "largely negotiated" a memorandum of understanding on a deal to reopen the critical Strait of Hormuz.In corporate news, Radius Residential Care (NZE:RAD) restructured and expanded its bank debt facilities with a new lending syndicate comprising Commonwealth Bank of Australia's ASB Bank and the Bank of China New Zealand, increasing its available funding by NZ$30 million.Pacific Edge (ASX:PEB, NZE:PEB) reported a fiscal year 2026 loss of NZ$0.038 per share, compared with NZ$0.037 a year earlier. Operating revenue for the 12 months ended March 31 was NZ$11.5 million, compared with NZ$21.8 million a year earlier.Eroad (ASX:ERD, NZE:ERD) reported that it swung to a loss of NZ$0.8582 per share in the fiscal 2026 from a profit of NZ$0.0073 a year earlier. Revenue for the 12 months ended March 31 was NZ$195.2 million, compared with NZ$194.4 million a year earlier.

^NZ50ASX:PEBNZE:PEBNZE:RAD
Asia

NZX Midday Sector Update: Consumer Services Stocks Jump, Technology Services Sector Struggles

Consumer services stocks advanced nearly 2% at midday Monday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 1% in recent trade.On the flip side, the technology services sector struggled, shedding more than 2%.Shares of Vista Group International (NZE:VGL, ASX:VGL) fell 2% in recent trade.

^NZ50ASX:SKCASX:VGLNZE:SKCNZE:VGL
Asia

New Zealand Shares Rise; Downer EDI Buys Back Nearly 168,000 Ordinary Shares

New Zealand shares ended higher on Friday as Asian markets saw gains amid hopes for an end to the US-Iran conflict.The S&P/NZX 50 Index rose 0.88% or 113.24 points to close at 12,991.31.While the US and Iran stuck to their opposing stances over Iran's uranium stockpile and the control of the Strait of Hormuz, US Secretary of ​State Marco Rubio said there had been "some good signs" in negotiations with Iran, according to a Thursday Reuters report.In domestic news, the total volume of seasonally adjusted retail sales in New Zealand reached NZ$26.04 billion in the March quarter, up 0.9% from NZ$25.81 billion in the December 2025 quarter, according to data from Stats NZ.Also, New Zealand's retail sales data for the March quarter is indicative of "decent growth" in gross domestic product for the period, but likely not as strong as the central bank's 1.1% estimate issued in February, the Bank of New Zealand (BNZ) said in a report.Further, New Zealand's total vehicle registrations were 4.6 million in April, a decrease of 28,966 from the previous month, covering both six and 12-month licensing periods, data from Stats NZ showed.In corporate news, Scott Technology (NZE:SCT) said that Chief Financial Officer Mark O'Malley is set to resign effective July 3.Downer EDI (ASX:DOW, NZE:DOW) repurchased 167,787 ordinary shares on Thursday for AU$1.3 million in total as part of an on-market buyback.

^NZ50ASX:DOWNZE:DOWNZE:SCT
International

Global Factors Currently Most Relevant Influence on Fuel Prices in New Zealand, ANZ Says

The fuel price for consumers in New Zealand is driven by a combination of global and domestic factors, but global variables are currently the most relevant influence, ANZ said in its weekly Fuel Market Watch report on Friday.The top global factors include the US dollar price of crude oil, refining margins, international freight and insurance costs, as well as the exchange rate for the New Zealand dollar, based on which those costs are converted into local currency.Meanwhile, domestic influences on the price include the cost of distributing fuel, other wholesaler and retailer costs and margins, and taxes and levies, ANZ said.The bank said forecasting the New Zealand consumer price index has become a lot more complex in recent weeks, as any estimate must be selective about which oil market to look at, refining margins, and freight costs, among other factors."Gone are the days where any global crude benchmark price converted into [New Zealand dollars] will give you a pretty good steer on the quarterly change in prices at the pump," ANZ said.

^NZ50
International

New Zealand Retail Sales Indicative of 'Decent' GDP Growth in March Quarter, BNZ Says

New Zealand's retail sales data for the March quarter is indicative of "decent growth" in gross domestic product for the period, but likely not as strong as the central bank's 1.1% estimate issued in February, the Bank of New Zealand (BNZ) said in a Friday report.The 0.9% seasonally adjusted increase in retail sales volumes was above the market consensus of a 0.5% rise, but missed BNZ's expectations for a 1.2% gain, according to the report.With retail sales volumes jumping 4.5% from a year earlier, the latest figures provide more evidence that New Zealand's economic recovery was gaining traction before the conflict in the Middle East erupted, the bank said.However, since retail sales volumes on a per-capita basis have only just returned to levels seen before the pandemic, and with sales remaining well below the pre-COVID-19 trend, it is a bit of a stretch to describe the latest data as outright strong, BNZ said.The dollar value of fuel sales ticked 5.9% higher quarter over quarter, largely driven by elevated prices, although the increase in fuel prices after the start of the Middle East conflict will likely reflect a lot more in second-quarter data, the bank said."This is one factor prompting us to forecast slower retail sales growth ahead," BNZ said. "As more income is redirected to pay high fuel bills, it will leave less money to spend elsewhere."

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Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.a2 Milk Company (NZE:ATM): +3%, NZ$7.08Summerset Group Holdings (NZE:SUM): +2%, NZ$7.48Delegat Group (NZE:DGL): +2%, NZ$3.80EBOS Group (NZE:EBO): +2%, NZ$20.67PGG Wrightson (NZE:PGW): +1%, NZ$2.15Genesis Energy (NZE:GNE): +1%, NZ$2.44Sky Network Television (NZE:SKT): +1%, NZ$3.12Auckland International Airport (NZE:AIA): +1%, NZ$8.08Mainfreight (NZE:MFT): +1%, NZ$56.05Scott Technology (NZE:SCT): +0%, NZ$2.34

^NZ50NZE:AIANZE:ATMNZE:DGLNZE:EBONZE:GNENZE:MFTNZE:PGWNZE:SCTNZE:SKTNZE:SUM
Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Vista Group International (NZE:VGL): -3%, NZ$2.26Briscoe Group (NZE:BGP): -2%, NZ$4.40Turners Automotive Group (NZE:TRA): -2%, NZ$8.41Millennium & Copthorne Hotels NZ (NZE:MCK): -2%, NZ$3.04Port of Tauranga (NZE:POT): -2%, NZ$8.18South Port New Zealand (NZE:SPN): -2%, NZ$8.83Seeka (NZE:SEK): -2%, NZ$5.04Scales Corporation (NZE:SCL): -1%, NZ$5.95Meridian Energy (NZE:MEL): -1%, NZ$5.84Napier Port Holdings (NZE:NPH): -1%, NZ$3.61

^NZ50NZE:BGPNZE:MCKNZE:MELNZE:NPHNZE:POTNZE:SCLNZE:SEKNZE:SPNNZE:TRANZE:VGL
Japan

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Friday.My Food Bag Group (NZE:MFB): 923,981 sharesPacific Edge (NZE:PEB): 875,495 sharesTower (NZE:TWR): 663,370 sharesContact Energy (NZE:CEN): 535,715 sharesOceania Healthcare (NZE:OCA): 533,879 shares

^NZ50NZE:CENNZE:MFBNZE:OCANZE:PEBNZE:TWR
International

New Zealand Retail Sales Data Points to 'Solid Lift' in Consumer Spending, Westpac Says

New Zealand's retail sales data for the March quarter points to a "solid lift" in consumer spending, advancing a retail sector recovery that started in late 2024, Westpac said in a Friday report.The country's volume of seasonally adjusted retail sales hit NZ$26.04 billion in the March quarter, up 0.9% from the December 2025 quarter and exceeding Westpac's forecast for a 0.2% increase.Some of the growth in nominal spending, which rose 2.2% over the quarter and 6.1% from a year earlier, is a result of higher prices, especially for fuel, the bank said.Strong growth in tourist arrivals buoyed the results, as the volume of spending on accommodation rose over 6% during the quarter. Spending on food and beverage services also increased, while spending on footwear, apparel, and recreational goods fell, possibly reflecting an early reaction to the Middle East conflict, Westpac said.Given the impact of the Middle East conflict, the current quarter will probably be "a much tougher one for retailers, especially those selling discretionary items," the bank said, adding that the economy's second-half performance will depend on how the conflict evolves and how New Zealand's central bank responds to a spike in inflation.Westpac continues to anticipate gross domestic product growth of 0.8% in the March quarter.

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Asia

NZX Midday Sector Update: Health Services Advance, Consumer Durables Decline

Health services shares gained the most on New Zealand's Exchange, rising 4% by midday Friday.Oceania Healthcare (ASX:OCA, NZE:OCA) rose past 9% in recent trade.The company on Friday reported that it broke even in fiscal 2026, compared with earnings of NZ$0.042 per share a year earlier. Revenue was NZ$267.1 million, compared with NZ$260.6 million a year earlier.On the other hand, shares of consumer durables fell by almost 2%.KMD Brands (NZE:KMD, ASX:KMD) shares slid 2% in recent trade.

^NZ50ASX:KMDASX:OCANZE:KMDNZE:OCA
International

New Zealand's Total Vehicle Registrations Fall in April

New Zealand's total vehicle registrations were 4.6 million in April, a decrease of 28,966 from the previous month, covering both six and 12-month licensing periods, data from Stats NZ showed Friday.The decrease was driven by a decline in car registrations, which fell by 8,494 month on month to about 3 million, while rental car and motorcycle registrations dropped to 42,832 and 66,185 from 45,500 and 74,581, respectively, the report said.Compared with the year-earlier period, total vehicle registrations in New Zealand rose by 837 in April, the report added.

^NZ50
International

New Zealand Retail Sales Rise in March Quarter

The total volume of seasonally adjusted retail sales in New Zealand reached NZ$26.04 billion in the March quarter, up 0.9% from NZ$25.81 billion in the December 2025 quarter, according to data from Stats NZ released Friday."Total retail activity rose at a similar pace to the December 2025 quarter," economic indicators spokesperson Michelle Feyen said.Around 10 of the 15 retail industries had higher retail sales volume during the quarter, with the biggest increases in supermarket and grocery stores, hardware, building, and garden supplies, clothing, footwear, and accessories, accommodation, and pharmaceutical and other store-based retailing.The total value of seasonally adjusted retail sales was up 2.2% to NZ$32 billion, according to the report.Around 10 out of 15 industries experienced higher sales values, with the largest industry movements including supermarket and grocery stores, fuel retailing, accommodation, food and beverage services, and motor vehicle and parts retailing.Seasonally adjusted fuel sales increased by 5.9% in the March quarter compared with the December 2025 quarter, with only a partial impact from the Middle East conflict, while the full effect is expected to appear in the June quarter.Meanwhile, 13 of the 16 regions had higher seasonally adjusted sales values during the quarter, with the largest movements in Auckland, Canterbury, Wellington, Otago, and Bay of Plenty.

^NZ50
International

Westpac Expects RBNZ to Hold OCR Unchanged at May Meeting, Sees Three Hikes by Year-End

Westpac said it expects the Reserve Bank of New Zealand to leave the official cash rate (OCR) unchanged at its May 27 meeting, though it anticipates a vote on whether to hold or increase the OCR by 25 basis points to 2.5%, according to a Thursday report by the bank.The bank said it expects the RBNZ to increase its terminal OCR forecast by about 20 basis points to around 3.2%, reflecting higher inflation expectations, while the December 2026 OCR forecast is expected to rise by about 40 to 50 basis points to around 2.8%, the report added.Despite the expected upward revision to forecasts, Westpac said it remains comfortable there will be three 25-basis-point hikes by year-end, while noting that Westpac's Chief Economist Kelly Eckhold's personal view is that a hike at the May meeting would be justified by the inflation outlook, it added.

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Asia

New Zealand Shares Rise; Scott Technology CFO to Resign

New Zealand shares ended higher on Thursday as Asian markets saw gains after Nvidia results beat estimates and some vessels finally passed through the Strait of Hormuz.The S&P/NZX 50 Index rose 0.92% or 117.04 points to close at 12,878.07.Three supertankers were crossing the Strait of Hormuz on Wednesday, via a transit route that Iran has ordered ships to use, Reuters reported on Wednesday, citing shipping data on LSEG and Kpler.NVIDIA reported fiscal first-quarter revenue above Wall Street's estimates as data center sales outperformed expectations amid an artificial intelligence boom.In domestic news, New Zealand recorded a goods trade surplus of NZ$1.92 billion in April, compared with a surplus of NZ$430.2 million in March, Stats NZ data showed.Further, credit card spending in New Zealand decreased by 0.3% month on month to NZ$4.28 billion in April after a 0.7% increase in the previous month, while credit card balances fell 1.1% to NZ$5.96 billion in April, data from the Reserve Bank of New Zealand showed.Also, New Zealand businesses' annual inflation expectations rose for the short term but eased over the longer horizon, according to a survey published by the Reserve Bank of New Zealand.In corporate news, Scott Technology (NZE:SCT) said that Chief Financial Officer Mark O'Malley decided to resign effective July 3.TruScreen Group (NZE:TRU, ASX:TRU) on Thursday launched a capital raise of about NZ$2.9 million.

^NZ50ASX:TRUNZE:SCTNZE:TRU
International

New Zealand Business Inflation Expectations Show Mixed Trends in Q2

New Zealand businesses' annual inflation expectations rose for the short term but eased over the longer horizon, according to a survey published by the Reserve Bank of New Zealand on Thursday.The one-year-ahead annual inflation expectations rose to 3.68% in the June quarter from 2.6% in the three months to March, while two-year-ahead expectations increased to 2.9% from 2.6%.Inflation expectations over the next five years remained steady at 2.7%, while expectations over the next 10 years decreased to 2.9% from 3.2%.Annual wage growth expectations over the next 12 months rose to 2.8% from 2.7%, while the two-year-ahead outlook decreased to 3.1% from 3.2%.The expected year-ahead unemployment rate rose to 5.5% from 5.2%, while the two-year counterpart increased to 5.3% from 4.9%.

^NZ50
International

New Zealand Credit Card Spending, Balances Fall in April

Credit card spending in New Zealand decreased by 0.3% month on month to NZ$4.28 billion in April after a 0.7% increase in the previous month, while credit card balances fell 1.1% to NZ$5.96 billion in April, data from the Reserve Bank of New Zealand showed Thursday.Domestic billings on New Zealand-issued cards fell by 1.2% to NZ$3.68 billion in April, following a 0.8% increase in the previous month. Billings on overseas-issued cards fell to NZ$598 million from NZ$726 million.Compared with the year-earlier period, credit card spending rose 2.9% in April after a 0.4% increase a year ago.

^NZ50
International

New Zealand Records Nearly NZ$2 Billion Goods Trade Surplus in April

New Zealand recorded a goods trade surplus of NZ$1.92 billion in April, compared with a surplus of NZ$430.2 million in March, Stats NZ data showed on Thursday.Goods exports rose 12% to NZ$8.62 billion, while imports rose 3.4% to NZ$6.7 billion.Exports were driven by a 26% increase in meat and edible offal, while mechanical machinery and equipment recorded the largest decline, falling 19%.Electrical machinery and equipment led the increase in imports, rising 22%, while aircraft and parts led the decline, falling 85%.In the year ended April, New Zealand recorded a trade deficit of NZ$2.76 billion, compared with a trade deficit of NZ$5.05 billion in the year ended April 2025.

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