MT Newswires -Shutterstock
New Zealand shares ended flat with a negative bias on Tuesday after the US Senate passed a bill to end the government shutdown.
The S&P/NZX 50 Index was little changed to close at 13,604.55.
On Monday’s Wall Street trading session, the S&P 500 gained 1.5%, while the Nasdaq Composite closed 2.3% higher, and the Dow rose 0.8%.
The U.S. Senate on Monday passed a bipartisan deal to end the longest government shutdown in American history, concluding weeks of gridlock that disrupted food assistance for millions, left hundreds of thousands of federal employees without pay, and caused major air travel delays, Reuters reported Monday.
In domestic news, overall card spending in New Zealand on ANZ-issued cards was up 0.1% in October on a seasonally adjusted, 3-month average basis and up 3.2% compared with 2024, said ANZ.
Also, New Zealand’s short and long-term inflation expectations show mixed movements, according to a survey published by the Reserve Bank of New Zealand.
Meanwhile, the Light Traffic Index in New Zealand rose 0.2% in October and 3.2% from a year earlier, said ANZ Research.
In corporate news, SkyCity Entertainment Group (ASX:SKC, NZE:SKC) confirmed that the New Zealand Gambling Commission renewed SkyCity Queenstown’s casino venue license for a further 15 years from Dec. 7, under the Gambling Act 2003.
Vital Healthcare Property Trust (NZE:VHP) completed a fully subscribed NZ$190 million placement of new units at NZ$1.95 each, representing a 9.5% discount to the closing price on Nov. 7, as part of a broader NZ$220 million capital raising.