FX.co ★ New Zealand Stocks End Session Nearly Flat

On Tuesday, New Zealand's benchmark S&P/NZX 50 inched up by 0.1%, closing the day at 12,690. This follows a similarly steady pattern from the previous session, amid persistent vigilance over global trade tensions. Notably, US President Trump has expressed an openness to reengage in trade negotiations with the European Union and other significant partners. However, he cautioned that a failure to achieve a peace deal with Ukraine within 50 days could lead to the imposition of 100% secondary tariffs on Russia. In a related development, the EU has indicated it might retaliate against the existing 30% US tariffs. In a more positive light, China's stronger-than-predicted Q2 GDP and June industrial output figures have bolstered New Zealand's export prospects, reflecting the robust trade connection between the two nations. Nonetheless, softer retail sales figures have dulled broader enthusiasm. On the stock exchange, leading performers included Tourism Holdings, up by 9.1%, T&G Global, rising by 4.7%, and Briscoe Group, increasing by 3.1%. These gains were nearly negated by declines in Sky Network, down by 3.6%, Hallenstein, down by 2.6%, and Seeka, down by 2.2%.