Important Information

This website is managed by Ultima Markets’ international entities, and it’s important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:

  • You will not be guaranteed Negative Balance Protection
  • You will not be protected by FCA’s leverage restrictions
  • You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
  • You will not be protected by Financial Services Compensation Scheme (FSCS)
  • Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.

Note: Ultima Markets is currently developing a dedicated website for UK clients and expects to onboard UK clients under FCA regulations in 2026.

If you would like to proceed and visit this website, you acknowledge and confirm the following:

  • 1.The website is owned by Ultima Markets’ international entities and not by Ultima Markets UK Ltd, which is regulated by the FCA.
  • 2.Ultima Markets Limited, or any of the Ultima Markets international entities, are neither based in the UK nor licensed by the FCA.
  • 3.You are accessing the website at your own initiative and have not been solicited by Ultima Markets Limited in any way.
  • 4.Investing through this website does not grant you the protections provided by the FCA.
  • 5.Should you choose to invest through this website or with any of the international Ultima Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.

Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.

By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Ultima Markets entity.

I confirm my intention to proceed and enter this website

Economic Downturn: New Zealand Falls into Technical Recession in Late 2023 

um editor

UM Editor

March 21, 2024 at 1:15 pm

In the last quarter of 2023, New Zealand’s economy declined by 0.1%, after a 0.3% drop from the earlier quarter. This disappointed market predictions which expected a 0.1% rise. A noteworthy fourth downturn happened over the preceding five quarters, primarily attributed to a fall in wholesale trade (moving from -2.2% in the third quarter to -1.8% in the fourth) and a dip in retail trade activity (moving from -0.4% in the third quarter to -0.9% in the fourth).  

The results varied among industries – 8 out of 16 observed a growth fueled by sectors like rental, hiring, and real estate as well as public administration, safety, and defense. The Gross Domestic Product (GDP) contracted by 0.3 percent year-over-year, following a 0.6 percent decrease in the preceding quarter. 

(GDP Growth Rate QoQ%，Statistics New Zealand) 

On Thursday around noon, the NZX 50 witnessed a decrease of 46.43 points or 0.39%, settling at 11,811.82 – a downturn for the first time in three days. The decline was fueled by traders’ pessimism in reaction to the latest data revealing the country’s slip into a technical recession in the fourth quarter of 2023. Additionally, the New Zealand dollar dropped beyond $0.605, coming close to its weakest point in the past four months. 

(NZDUSD Six-month Chart) 

Disclaimer  

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided. 

Why Trade Metals & Commodities with Ultima Markets?

Ultima Markets provides the foremost competitive cost and exchange environment for prevalent commodities worldwide.

Start Trading

  • Monitoring the market on the go

  • Markets are susceptible to changes in supply and demand

  • Attractive to investors only interested in price speculation

  • Deep and diverse liquidity with no hidden fees

  • No dealing desk and no requotes

  • Fast execution via Equinix NY4 server

Market

Platform

Account

Resources

About

FOLLOW US

App Store Google Play
FSC icon

Ultima Markets is a member of The Financial Commission, an international independent body responsible for resolving disputes in the Forex and CFD markets.

WTW icon

All clients of Ultima Markets are protected under insurance coverage provided by Willis Towers Watson (WTW), a global insurance brokerage established in 1828, with claims eligibility up to US$1,000,000 per account.  

united icon

Ultima Markets is the first CFD broker to be part of United Nations Global Compact.

FOLLOW US

TRADE WITH US

App Store Google Play

RISK DISCLOSURE

Risk Warning:
Trading leveraged financial products, including Contracts for Difference (CFDs), carries a high level of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors and should only be traded with funds you can afford to lose. You do not own or have any rights to the underlying assets of these derivatives (e.g., entitlement to dividends). Please ensure you fully understand the associated risks. Before trading, consider your level of experience, investment objectives, and seek independent financial advice if necessary. Refer to our legal documents and disclosures before making any trading decisions.

General Advice Warning:
The information provided on this website is general in nature and does not take into account your personal objectives, financial situation, or needs. Before acting on any advice, you should assess its appropriateness in light of your individual circumstances and consult our legal documentation.

Regional Restrictions:
The information and services on this website are not intended for residents of certain jurisdictions, including but not limited to the United States, Singapore, and any jurisdictions subject to international sanctions. For further information, please contact our customer support team.

Regulatory Information:

Ultima Markets is a trading name shared amongst multiple entities operating in various jurisdictions. These following entities are authorised to operate under the Ultima Markets brand and trademarks.

  • Ultima Markets UK Limited, reference number 470325, is authorised and regulated by the Financial Conduct Authority (FCA). Registered address: 1 Blossom Yard, Fourth Floor, London, E1 6RS, UNITED KINGDOM.

  • Ultima Markets Ltd is authorised and regulated by the Financial Services Commission (FSC) of Mauritius as a Full-Service Investment Dealer (excluding Underwriting), under licence number GB 23201593.

    Registered address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.

Ultima Markets Logo in Black Colour

Copyright © 2025 Ultima Markets Ltd. All rights reserved.

Hi, how can we help you?
打开 linee 的二维码