IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
New Zealand bonds closed lower on Tuesday as investors wait to watch the country’s employment report for the second quarter of this year, scheduled to be released today by 22:45GMT.
At the time of closing, the yield on the benchmark 10-year note, which moves inversely to its price, jumped 3 basis points to 2.79 percent, the yield on the long-term 20-year note also surged 3 basis points to 3.09 percent while the yield on short-term 2-year closed 1-1/2 basis points to 1.84 percent.
On the geopolitical front, US president Trump signalled he is willing to meet Iranian president Rouhani with “no preconditions”, but North Korea is supposedly working on new missiles according to the Washington Post.
Asian markets may approach this morning’s trading with a cautious tone amid Wall Street’s retreat, the tech stock tumble, and oil’s climb past USD70 per barrel into the month-end.
Meanwhile, the NZX 50 index closed 0.37 percent higher at 8,933.89, while at 06:00GMT, the FxWirePro's Hourly NZD Strength Index remained neutral at 5.64 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
