新西兰10年期国债 (NewZealand10Y) 加自选

周三，新西兰元兑美元汇率在0.594美元左右，徘徊在三周多来的最低水平附近，受到美元走强的拖累。6月美国消费者通胀回升后，美元继续上涨，促使交易员减少对美联储未来几个月降息的押注。新西兰最大的贸易伙伴中国公布的第二季度GDP数据好于预期，新西兰元对此也不以为然。在当地方面，正如普遍预期的那样，新西兰储备银行上周将其官方现金利率维持在3.25%不变，但继续暗示可能会进一步降息。本周早些时候公布的数据显示，制造业和服务业的活动都受到抑制。

The New Zealand dollar traded around $0.594 on Wednesday, hovering near its lowest level in more than three weeks, weighed down by a strengthening US dollar. The greenback extended its gains after US consumer inflation picked up in June, prompting traders to pare bets on Federal Reserve rate cuts in the coming months. The kiwi also shrugged off better-than-expected second-quarter GDP data from China, New Zealand's largest trading partner. On the local front, the Reserve Bank of New Zealand left its official cash rate unchanged at 3.25% last week, as widely expected, but continued to signal more cuts on the horizon. Data released earlier in the week showed subdued activity in both the manufacturing and services sectors.

新西兰股市在周三早盘交易中几乎没有变化，在前一交易日温和收市后徘徊在12710点左右。工业服务和物流的增长几乎抵消了能源矿产和消费行业的损失。投资者评估了新西兰最大贸易伙伴中国的数据，该数据显示第二季度GDP增长略好于预期，尽管由于美国关税上涨的压力，这是三个季度以来最慢的增速。与此同时，道琼斯指数和纳斯达克指数周二下跌后，美国期货大幅下跌，因为6月份高于预期的通货膨胀再次引发了人们对进口税上调的担忧。交易员们谨慎等待周四公布的新西兰6月份食品通胀数据，此前5月份的4.4%数据创下18个月来的最高水平。早期显著上涨的股票包括Infratil（3.9%）、Seeka（2.3%）、T&G Global（1.5%）和Scott Tech（1.0%），而旅游控股公司（-4.6%）、千禧酒店集团（-4.4%）和渠道基础设施公司（-1.8%）领跌。

New Zealand stocks were little changed in early trade on Wednesday morning deals, hovering around 12,710 after a muted finish in the prior session. Gains in industrial services and logistics nearly offset losses in energy minerals and consumer sectors. Investors assessed data from China, New Zealand’s top trading partner, which showed slightly better-than-expected Q2 GDP growth, though it was the slowest pace in three quarters due to pressure from rising U.S. tariffs. Meanwhile, U.S. futures fell sharply after the Dow and Nasdaq slipped Tuesday, as hotter-than-expected June inflation reignited concerns over higher import levies. Traders cautiously awaited New Zealand’s June food inflation data due Thursday, after May’s 4.4% reading marked the highest in 18 months. Early notable gainers included Infratil (3.9%), Seeka (2.3%), T&G Global (1.5%), and Scott Tech. (1.0%), while Tourism Holdings (-4.6%), Millennium & Copthorne Hotels (-4.4%), and Channel Infrastructure (-1.8%) led losses.

新西兰基准s&P/NZX 50周二微涨0.1%，收于12690点，延续了前一交易日近乎持平的表现，因为投资者继续关注持续的全球贸易风险。美国总统特朗普表示愿意恢复与欧盟和其他主要伙伴的贸易谈判，但警告称，如果在50天内无法与乌克兰达成和平协议，将对俄罗斯征收100%的二级关税。欧盟还表示，可能会对美国现有的30%关税采取反制措施。与此同时，鉴于两国密切的贸易关系，中国第二季度GDP和6月份工业产出数据强于预期，为新西兰的出口前景提供了一些支持。然而，低于预期的零售销售缓和了整体乐观情绪。在整个交易所，涨幅最大的股票包括旅游控股公司（+9.1%）、T&G Global（+4.7%）和布里斯科集团（+3.1%），尽管天空网络（-3.6%）、哈伦斯坦（-2.6%）和Seeka（-2.2%）的跌幅几乎抵消了涨幅。

New Zealand's benchmark S&P/NZX 50 edged up 0.1% to close at 12,690 on Tuesday, extending a near-flat performance from the previous session, as investors continued to monitor ongoing global trade risks. US President Trump expressed willingness to resume trade talks with the European Union and other key partners but warned of imposing 100% secondary tariffs on Russia if no peace agreement with Ukraine is reached within 50 days. The EU also signaled it may implement countermeasures against the US’s existing 30% tariffs. Meanwhile, stronger-than-expected Q2 GDP and June industrial output data from China provided some support for New Zealand’s export outlook, given the countries’ close trade ties. However, weaker-than-anticipated retail sales tempered the overall optimism. Across the bourse, top gainers included Tourism Holdings (+9.1%), T&G Global (+4.7%), and Briscoe Group (+3.1%), though gains were nearly offset by losses in Sky Network (-3.6%), Hallenstein (-2.6%), and Seeka (-2.2%).

周二，新西兰元上涨至0.598美元左右，弥补了两天下跌的损失，并从三周低点略有反弹，因为投资者继续评估持续的全球贸易风险。美国总统唐纳德·特朗普表示，他对与欧盟和其他主要伙伴重启贸易谈判持开放态度，但威胁称，如果不能在50天内与乌克兰达成和平协议，他将对俄罗斯征收100%的二级关税。欧盟还警告称，可能会对美国30%的关税采取反制措施。与此同时，中国数据显示，第二季度国内生产总值和6月份工业产出强于预期，鉴于新西兰与中国的密切贸易关系，这为新西兰的出口前景提供了一些缓解。然而，零售销售的放缓幅度超过了预期。在国内，新西兰储备银行上周将现金利率维持在3.25%，正如预期的那样，但暗示8月份可能会降息。温和的基调伴随着持续疲软的数据，包括制造业和服务业的活动疲软。

The New Zealand dollar rose to around $0.598 on Tuesday, trimming losses from a two-day decline and rebounding slightly from a three-week low, as investors continued to assess ongoing global trade risks. President Donald Trump signaled openness to renewed trade talks with the European Union and other key partners but threatened to impose 100% secondary tariffs on Russia if a peace deal with Ukraine is not reached within 50 days. The EU also warned of potential countermeasures against the US’s 30% tariffs. Meanwhile, Chinese data showed stronger-than-expected Q2 GDP and June industrial output, offering some relief to New Zealand’s export outlook given its close trade ties with China. However, retail sales slowed more than anticipated. Domestically, the RBNZ held its cash rate at 3.25% as expected last week but signaled a possible cut in August. The dovish tone followed persistently soft data, including subdued activity in the manufacturing and services sectors.