New Zealand Electronic Retail Card Spending YoY (Feb) Y/Y 1.5% (Prev. 0.4%)
The increase in New Zealand's electronic retail card spending year-on-year to 1.5% from the prior 0.4% suggests an improvement in consumer spending, which could indicate greater economic resilience.
[MARKET UPDATE] Oil prices begin higher with WTI crude Apr'26 contract climbing above USD 100/bbl following US striking Iran's Kharg Island oil export hub, but left oil infrastructure intact
Missile bombardment targets US military base for logistical support at Baghdad airport, according to Al-Haddath
New Zealand Electronic Retail Card Spending YoY (Feb) Y/Y 1.5% (Prev. 0.4%)
Saudi Arabia says it intercepted a drone over its eastern region
Newsquawk Daily Asia-Pac Opening News - 16th March 2026
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This uptick may influence expectations for monetary policy, as stronger consumption could complicate the central bank's inflation objectives and rate-setting considerations.
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