{"id":63029,"date":"2026-06-11T19:08:14","date_gmt":"2026-06-11T23:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-announces-great-settlement-with-iran-nz-manufacturing-slips-into-contraction\/63029\/"},"modified":"2026-06-11T19:08:14","modified_gmt":"2026-06-11T23:08:14","slug":"trump-announces-great-settlement-with-iran-nz-manufacturing-slips-into-contraction","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-announces-great-settlement-with-iran-nz-manufacturing-slips-into-contraction\/63029\/","title":{"rendered":"Trump Announces &#8220;Great Settlement&#8221; with Iran; NZ Manufacturing Slips into Contraction"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump declared a &quot;great settlement&quot; has been reached with Iran<\/strong>, potentially ending the ongoing conflict with a formal signing ceremony expected in Europe as early as this weekend.<\/li>\n<li><strong>New Zealand\u2019s manufacturing sector slipped into contraction in May<\/strong>, with the <strong>BNZ-BusinessNZ PMI falling to 49.9<\/strong> due to weak demand and high fuel costs linked to Middle East tensions.<\/li>\n<li><strong>NZ short-term visitor arrivals rose 8% in April<\/strong> year-over-year, reaching 288,500, though growth slowed significantly from the 15.1% pace seen in March.<\/li>\n<li><strong>New Zealand net migration fell to 3,090 in April<\/strong>, down from 3,370 in March, as the country faces cooling economic momentum and persistent geopolitical headwinds.<\/li>\n<\/ul>\n<h2>Trump Signals Imminent End to Iran Conflict<\/h2>\n<p>President <strong>Donald Trump<\/strong> announced on Thursday that the United States has reached a &quot;great settlement&quot; to end the war with Iran. Speaking from the Oval Office, Trump stated that the deal is &quot;pretty much complete&quot; and that the U.S. &quot;got everything it wanted,&quot; including a permanent commitment from Tehran to never develop or acquire nuclear weapons. The President subsequently canceled scheduled military strikes that were slated for Thursday evening, citing the breakthrough in high-level negotiations.<\/p>\n<p>The proposed agreement, currently structured as a detailed <strong>Memorandum of Understanding (MOU)<\/strong>, is expected to be signed in Europe within days. While Trump will not attend the ceremony, Vice President <strong>JD Vance<\/strong> and top negotiators <strong>Steve Witkoff<\/strong> and <strong>Jared Kushner<\/strong> are slated to represent the administration. A critical component of the deal includes the immediate reopening of the <strong>Strait of Hormuz<\/strong>, a vital artery for global oil markets that has been effectively closed during the hostilities.<\/p>\n<h2>New Zealand Manufacturing Dips as Global Tensions Bite<\/h2>\n<p>New Zealand\u2019s industrial sector is showing signs of strain from the prolonged geopolitical instability. The <strong>BNZ-BusinessNZ Performance of Manufacturing Index (PMI)<\/strong> fell to <strong>49.9 in May<\/strong>, down from 50.4 in April. This marks the first move into contractionary territory (below the 50.0 threshold) after several months of marginal expansion.<\/p>\n<p>BusinessNZ officials attributed the decline to a &quot;toxic mix&quot; of weak customer demand, elevated fuel prices, and the indirect impact of the Middle East conflict on global supply chains. While large firms (101+ employees) remained resilient with a sub-index of <strong>57.6<\/strong>, micro-firms struggled significantly, posting a reading of just <strong>46.0<\/strong>.<\/p>\n<h2>Migration and Tourism Growth Decelerates<\/h2>\n<p>Fresh data from <strong>Stats NZ<\/strong> reveals a cooling trend in New Zealand\u2019s external migration and tourism sectors. <strong>Short-term visitor arrivals<\/strong> grew by <strong>8% in April<\/strong> compared to the previous year, a sharp deceleration from the <strong>15.1% growth<\/strong> recorded in March. Despite the slowdown, arrivals from China saw a notable boost, up 11,100, aided by a new visa trial for Chinese passport holders traveling via Australia.<\/p>\n<p>On the migration front, <strong>net migration for April<\/strong> was recorded at <strong>3,090<\/strong>, down from the revised March figure of <strong>3,370<\/strong>. The total annual net migration gain stands at approximately 24,200, as the pace of arrivals begins to normalize following the post-pandemic surge. Analysts suggest that the combination of a softening labor market and high living costs may be tempering the appeal for new migrants in the short term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump declared a &quot;great settlement&quot; has been reached with Iran, potentially ending the ongoing conflict with a 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