纽币/人民币 (NZDCNY) 加自选

周四，新西兰基准标准普尔/NZX 50指数微涨0.2%，收于12765点。新西兰财政部周四表示，由于生产率长期放缓，可能会下调其经济和财政预测。这促使投资者越来越多地考虑到新西兰储备银行在下周的政策会议上实施更激进的75个基点下调至4.75%现金利率的可能性，其中50个基点的下调已经完全体现在价格中。在企业方面，Infratil的股价上涨了0.9%，此前该公司公布了其提供六年期无担保、无次级、固定利率基础设施债券的计划。此外，西太平洋银行和澳新银行分别上涨1.2%和2.9%。

New Zealand's benchmark S&P/NZX 50 index inched 0.2% higher at 12,765 on Thursday. New Zealand's Treasury said on Thursday it would likely revise down its economic and fiscal forecasts due to a prolonged slowdown in productivity. This prompted investors to increasingly factor in the possibility of the Reserve Bank of New Zealand implementing a more aggressive 75bps cut to its 4.75% cash rate at its policy meeting next week, with a 50bps reduction already fully priced in. On the corporate front, shares of Infratil rose 0.9% after the company revealed its plan to offer six-year unsecured, unsubordinated, fixed-rate infrastructure bonds. Additionally, banks Westpac and ANZ gained 1.2% and 2.9%, respectively.

周四，上证综指下跌0.2%，至3360点左右，深证成分股下跌0.15%，至10810点。由于中国经济的不确定性和对特朗普即将重返白宫的担忧，内地股市扭转了为期两天的涨势。正如预期的那样，中国央行本周保持了关键贷款利率不变，但投资者仍然希望北京方面将出台额外的刺激措施来支持经济增长。与此同时，特朗普政府即将对中国商品征收更高关税的前景加剧了人们对中国经济前景的担忧。主要公司出现了明显的亏损，包括中国长城（-0.8%）、广东拓斯达（-3.2%）、新松机器人（-4.1%）、中信证券（0.8%）和Sinodata（-6.4%）。

The Shanghai Composite dropped 0.2% to around 3,360, and the Shenzhen Component lost 0.15% to 10,810 on Thursday, as mainland stocks reversed a two-day rally amid economic uncertainties in China and concerns over Trump’s imminent return to the White House. China’s central bank kept key lending rates unchanged this week, as expected, but investors remain hopeful that Beijing will introduce additional stimulus measures to support economic growth. Meanwhile, the prospect of higher tariffs on Chinese goods under the upcoming Trump administration has added to concerns about the country’s economic outlook. Notable losses were seen among major firms, including China Greatwall (-0.8%), Guangdong Topstar (-3.2%), Siasun Robot (-4.1%), Citic Securities (-0.8%), and Sinodata (-6.4%).

中国政府顾问倡导2025年增长目标在5%左右。路透社周四报道称，四名中国政府顾问主张2025年的增长目标约为5%，与今年相似。 

China's government advisers advocate for 2025 growth target of around 5%.Four Chinese government advisers advocated for a 2025 growth target of around 5%, similar to this year, Reuters reported on Thursday.  

周四，新西兰元保持近期下跌至0.587美元左右，因为投资者预计新西兰储备银行在下周的政策会议上会采取更温和的立场。目前，市场暗示降息75个基点至4.75%现金利率的可能性为26%，而降息50个基点的可能性已经完全消化。这一预期转变是在新西兰财政部对经济前景持悲观态度之后发生的，财政部警告称，预期的经济复苏可能会推迟。从外部来看，新西兰元面临着美元反弹的额外压力，因为人们猜测美联储可能会在12月推迟降息。

The New Zealand dollar held its recent decline to around $0.587 on Thursday as investors anticipated a more dovish stance from the Reserve Bank of New Zealand at its policy meeting next week. Currently, markets are implying a 26% chance of a 75bps rate cut to the 4.75% cash rate, while a 50bps reduction is already fully priced in. This shift in expectations followed a downbeat economic outlook from New Zealand Treasury, which cautioned that the anticipated economic recovery could be delayed. Externally, the Kiwi faced added pressure from a rebound in the US dollar amid speculation that the Federal Reserve may hold off on cutting interest rates in December.