The NZX 50 saw an increase of 42 points, or 0.3%, reaching 12,170 during Tuesday morning's trading, marking its third consecutive day of gains. This upward trend was influenced by a rally on Wall Street the previous day, spurred by indications that U.S. trade sanctions might be less stringent than initially feared, as suggested by President Donald Trump potentially offering exemptions to certain countries. Concurrently, in China, a key trading partner, the People's Bank of China reaffirmed its plans to reduce the reserve requirement ratio and interest rates at an "appropriate time" this year to bolster the languishing economy. Gains were notable in consumer durables, healthcare, and energy minerals sectors, fueled by optimism about New Zealand's economic recovery despite prevailing global uncertainties. In the final quarter of 2024, the country's GDP grew by 0.7% compared to the previous quarter, reversing two sequential declines, driven by a boost in tourism and the impact of the Reserve Bank of New Zealand's monetary easing policies. However, gains were tempered by reports of declining employment confidence in the first quarter of 2025, as the labor market conditions remained challenging.