New Zealand Shares Trade Flat in Morning Session
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The NZX 50 index traded flat at around 13,584 in the morning session, with gains in materials and consumer staples balancing losses in communication services and real estate. Global trade tensions heightened as President Trump announced potential tariffs on Europe, leading to cautious trading. Investors are also awaiting China's interest rate decision and New Zealand's Q4 inflation data, which will influence the RBNZ's monetary policy. Notable stock movements included Fletcher Building up 2.6% and A2 Milk up 1.9%, while Freightways Group and ANZ Group saw declines of 0.8% and 0.5%, respectively.
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