New Zealand Composite NZ PCI (Mar) 48.8 (Prev. 50.5)
The New Zealand Composite PCI for March came in at 48.8, down from the previous 50.5, indicating a contraction in the composite output.
ANZ revises outlook for RBNZ rate hikes in which it now sees hikes in July, September and October
PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCKS NEWS: A2 Milk cuts annual guidance, SoftBank established Co. to develop AI domestically
New Zealand Composite NZ PCI (Mar) 48.8 (Prev. 50.5)
Sirens sound in Kiryat Shmona, Northern Israel, according to SNN, while Tasnim also reports that Hezbollah is conducting missile attacks on Israeli towns
US President Trump and his advisers are weighing resuming limited strikes in Iran, in addition to the US blockade, to break the stalemate in peace talks, according to WSJ citing officials and people familiar with the situation
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This decline could suggest weakening economic conditions, which may lead to increased dovish sentiment surrounding future monetary policy and interest rate decisions. Traders should be mindful of how this data could influence New Zealand's currency and related assets in the market.
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