新西兰基准标准普尔/NZX 50指数周五上涨1.1%，收于12419点，结束了在广泛上涨中连续两天的下跌。该指数跟随华尔街的积极领先，这是由于英伟达在其强劲的季度业绩后股价飙升。在国内新闻方面，新西兰5月份的消费者信心有所下降，突显出全球贸易不确定性对家庭支出的风险。从行业来看，医疗技术行业领涨，上涨3.7%，斐雪派克和AFT制药分别上涨5.5%和1.4%。其他表现强劲的公司包括Mainfreight（4.9%）和a2 Milk（1.95%）、Vector（2.2%）、Freightways（1.2%）和Skellerup（3.4%）。尽管周五出现反弹，但该基准指数本周收盘下跌1.4%，标志着连续第二周下跌。然而，它在5月份录得4.3%的涨幅，这是自2024年7月以来最强劲的月度表现，结束了连续四个月的亏损。

New Zealand's benchmark S&P/NZX 50 index rose 1.1% to close at 12,419 on Friday, ending a two-day losing streak amid widespread gains. The index followed a positive lead from Wall Street, driven by a surge in Nvidia’s shares after its strong quarterly result. In domestic news, New Zealand's consumer confidence has soured in May, underscoring risks to household spending amid global trade uncertainty. Sector-wise, the health technology sector led the advance, jumping 3.7%, with Fisher & Paykel and AFT Pharmaceuticals climbing 5.5% and 1.4%, respectively. Other strong performers included Mainfreight (4.9%) and a2 Milk (1.95%), Vector (2.2%), Freightways (1.2%), and Skellerup (3.4%). Despite Friday’s rally, the benchmark ended the week down 1.4%, marking its second consecutive weekly decline. However, it recorded a 4.3% gain in May—its strongest monthly performance since July 2024— snapping four straight months of losses.

RBNZ的Silk：数据指导进一步削减的时机和需求。她指出，之前宽松政策的全部影响尚未渗透到经济中，因此未来的任何调整都高度依赖于即将到来的数据。

RBNZ's Silk: Data to guide timing and need for further cuts.She noted that the full impact of previous easing has yet to filter through the economy, making any future adjustments highly dependent on incoming data.

新西兰储备银行助理行长凯伦·西尔克表示，新西兰的利率目前处于2.5%至3.5%的中性区间，未来的走势将取决于经济的发展，因为过去的降息尚未完全生效。在路透社的一次采访中，她指出全球贸易的不确定性仍然很高，但预计经济将复苏，这得益于早些时候的宽松政策，这可能会抵消一些风险。新西兰储备银行（RBNZ）在5月份的会议上将利率下调25个基点至3.25%，表明自8月以来降息225个基点后，宽松周期可能即将结束。Silk解释说，由于政策影响延迟和大宗商品出口强劲，进一步削减并不紧急。她说：“现金利率的轨迹也表明，无论我们做什么，都将依赖于数据。”。关于美国的关税裁决，Silk补充道，“这些东西落在哪里还不确定……但我们确实有更大的不确定性。”

New Zealand's interest rates now sit within the 2.5%–3.5% neutral range and future moves will depend on how the economy evolves, as past rate cuts have yet to fully take effect, Reserve Bank Assistant Governor Karen Silk said. In a Reuters interview, she noted global trade uncertainty remains high but expects the economy to recover, supported by earlier easing that may offset some risks. The Reserve Bank of New Zealand (RBNZ) cut rates by 25bps to 3.25% in its May gathering, signaling the easing cycle may be nearing its end after 225bps in reductions since August. Silk explained further cuts aren’t urgent due to delayed policy impacts and strong commodity exports. “The track for cash rates also indicates that whatever we do is going to be data-dependent,” she said. On U.S. tariff rulings, Silk added, “There isn't certainty to where these things land… but we do have heightened uncertainties.”

周五，新西兰元跌至0.596美元左右，在消费者信心数据令人失望后，将出现每周下跌。由于关税引发的经济不确定性和食品价格上涨，新西兰5月份的消费者情绪恶化。早些时候的数据还显示，商业信心降至十个月低点，反映出对该国经济前景的担忧。在货币政策方面，新西兰储备银行周三连续第六次下调官方现金利率，并表示有进一步宽松的空间，因为它试图保护经济免受贸易不确定性的影响。在全球范围内，市场仍然关注唐纳德·特朗普总统所谓的“解放日”关税的持续法庭斗争，此前一家联邦上诉法院向特朗普提供了一项临时缓刑，该裁决威胁要推翻他的大部分关税议程。今年5月到目前为止，新西兰元已上涨0.5%，有望连续第三个月上涨。

The New Zealand dollar fell to around $0.596 on Friday, heading for a weekly decline, following a disappointing reading on consumer confidence. New Zealand’s consumer sentiment deteriorated in May amid tariff-induced economic uncertainty and rising food prices. Earlier data also showed that business confidence dropped to a ten-month low, reflecting concerns about the country’s economic outlook. On the monetary policy front, the Reserve Bank of New Zealand cut its official cash rate for the sixth consecutive time on Wednesday and signaled room for further easing as it seeks to shield the economy from the impact of trade uncertainties. Globally, markets remained focused on an ongoing court battle over President Donald Trump's so-called "Liberation Day" tariffs, after a federal appeals court offered Trump a temporary reprieve from a ruling threatening to throw out the bulk of his tariff agenda. So far this May, the Kiwi dollar has gained 0.5%, on track for its third straight monthly rise.