New Zealand National-led coalition likely to retain power with 11% votes counted

Early election results from New Zealand indicate that the National-led coalition is likely to retain power, with 10.9% of votes counted so far. The preliminary results show the coalition, led by Prime Minister Christopher Luxon’s National Party and including ACT New Zealand and New Zealand First, is initially positioned to continue governing. The New Zealand Electoral Commission emphasizes that these figures are subject to change as special votes, which could alter the final seat distribution, have not yet been included. The coalition’s return is contingent upon securing the necessary seats to form a government, a scenario that remains uncertain until all votes are counted and official certification is complete. Key Takeaways The early count suggests the National-led coalition is initially positioned to retain government, though final seat distribution remains crucial. Market pricing suggests a decreased likelihood of a Labour-led government forming, consistent with early results favoring the National bloc. The Labour coalition market has seen a significant decline in YES probabilities, reflecting the current trajectory of election results. What to Watch Watch for the final vote co...