新西兰基准标准普尔/NZX 50指数周四收于12824点，下跌0.25%，连续第二个交易日下跌。当地市场反映了华尔街的疲软，尽管唐纳德·特朗普总统的压力越来越大，但美联储再次保持利率稳定，没有发出计划在9月降息的信号，导致大多数美国股市下跌。特朗普设定的8月1日关税最后期限迫在眉睫，包括新西兰在内的几个国家尚未达成协议，这进一步打压了投资者情绪。此外，中国PMI数据低于预期，引发了人们对新西兰最大贸易伙伴经济前景的新担忧。在企业方面，指数权重股奥克兰国际机场（-1.2%）、基础设施（-3.1%）、主要货运（-1.3%）、新西兰水星（-1.0%）和新西兰星火（-0.6%）均出现显著下跌。新西兰元50指数在7月份仍上涨1.75%，连续第三个月上涨。

New Zealand's benchmark S&P/NZX 50 index closed 0.25% lower at 12,824 on Thursday, marking its second consecutive session of losses. The local market mirrored weakness on Wall Street, where most US equities slipped after the Federal Reserve held interest rates steady again and gave no signal it plans to lower rates in September, despite mounting pressure from President Donald Trump. Further weighing on investor sentiment was the looming August 1 tariff deadline set by Trump, with several countries—including New Zealand—yet to clinch a deal. Moreover, weaker-than-expected PMI data from China raised fresh concerns over the economic outlook for New Zealand’s largest trading partner. On the corporate front, notable decliners included index heavyweights Auckland International Airport (-1.2%), Infratil (-3.1%), Mainfreight (-1.3%), Mercury NZ (-1.0%), and Spark NZ (-0.6%). The NZX 50 still posted a 1.75% gain in July, logging its third straight monthly rise.

新西兰元周四微涨至0.591美元左右，此前隔夜下跌1%，连续第五个交易日下跌。尽管出现温和反弹，但由于美元普遍走强，新西兰元仍面临压力。尽管唐纳德·特朗普总统施压放松政策，但美联储维持利率不变后，美元走强延续了涨势，并表示尚未就9月份普遍预期的降息做出决定。投资者也保持谨慎，因为特朗普8月1日的关税最后期限即将到来，包括新西兰在内的几个国家尚未达成协议。中国PMI数据弱于预期，加剧了人们对其经济健康状况的担忧，这进一步增加了压力。鉴于中国是新西兰最大的贸易伙伴，任何中国经济疲软的迹象通常都会对新西兰元造成压力。新西兰元将每月下跌近3%，有望打破连续四个月的涨势。

The New Zealand dollar edged up to around $0.591 on Thursday after sliding 1% overnight that marked its fifth consecutive session of declines. Despite the modest rebound, the kiwi remains under pressure due to broad US dollar strength, which extended gains after the Federal Reserve left interest rates unchanged, despite pressure from President Donald Trump to ease policy, and indicated that no decision had been made regarding a widely anticipated cut in September. Investors also remained cautious as Trump’s August 1 tariff deadline is around the corner and several countries—including New Zealand—have yet to strike a deal. Adding further pressure, weaker-than-expected PMI data from China stoked fresh concerns over the health of its economy. Given that China is New Zealand’s largest trading partner, any signs of Chinese economic weakness typically weigh on the kiwi. The New Zealand dollar is heading for a monthly loss of nearly 3%, on track to break a four-month streak of gains.

周四上午，新西兰元50指数在前一交易日收盘下跌后，几乎没有变化，收于12860左右，因为商业服务和耐用消费品的强势被物流和非能源矿产的疲软所抵消。交易员们消化了美联储保持利率不变的决定，尽管两位州长表示反对，这是自1993年以来的首次双重反对。在当地，由于通胀预期缓解和劳动力市场紧张，新西兰7月份的商业情绪升至三个月高点。基准指数仍有望连续第三个月上涨，迄今为止上涨约2%，此前美国和中国同意探讨延长90天的关税休战协议，财政部长Scott Bessent淡化了对特朗普总统可能拒绝该协议的担忧。涨幅最大的股票包括Winton Land（4.0%）、新西兰南港（2.35%）和Freightways Group（1.7%），而Fletcher Building（-1.6%）、Fisher&Paykel Healthcare（-0.7%）和Mercury NZ（-0.6%）下跌。

The NZX 50 was little changed at around 12,860 on Thursday morning, after closing lower in the prior session, as strength in commercial services and consumer durables was offset by weakness in logistics and non-energy minerals. Traders digested the U.S. Fed’s decision to keep interest rates unchanged, though two governors dissented—the first double dissent since 1993. Locally, New Zealand’s business sentiment rose to a three-month high in July, on easing inflation expectations and a tight labor market. The benchmark index remains on track for a third consecutive monthly gain, up about 2% so far, amid optimism after the U.S. and China agreed to explore an extension of their 90-day tariff truce, with Treasury Secretary Scott Bessent downplaying concerns that President Trump might reject the deal. Top gainers included Winton Land (4.0%), South Port NZ (2.35%), and Freightways Group (1.7%), while Fletcher Building (-1.6%), Fisher & Paykel Healthcare (-0.7%), and Mercury NZ (-0.6%) fell.

标准普尔/新西兰50指数周三下跌0.6%，收于12856点，结束了连续四天的上涨。在美中贸易谈判没有取得任何重大突破后，投资者变得谨慎。尽管双方同意寻求延长90天的关税休战期，但最终决定取决于特朗普总统。更令人担忧的是，如果不能很快达成协议，目前受特朗普10%基准关税约束的新西兰可能会面临15%至20%的更高关税。与此同时，对美联储本周将保持利率稳定的预期也助长了谨慎情绪。在国内方面，新西兰的商业信心在7月份进一步改善，但许多公司仍面临挑战，前瞻性活动指标显示势头不大。在企业新闻方面，Mainfreight是当天最大的拖累因素，在物流公司报告2026财年开局缓慢且令人失望后暴跌9.6%，其三个主要部门的利润下降。

The S&P/NZX 50 index fell 0.6% to close at 12,856 on Wednesday, snapping a four-day run of gains. Investors turned cautious after US-China trade talks concluded without any major breakthroughs. Although both sides agreed to seek an extension of their 90-day tariff truce, the final decision is up to President Trump. Adding to concerns, New Zealand—currently subject to Trump’s 10% baseline tariffs—could face higher levies of 15% to 20% if a deal isn't reached soon. Meanwhile, expectations that the US Federal Reserve will hold rates steady this week also contributed to the cautious mood. On the domestic front, New Zealand’s business confidence improved further in July, but conditions remain challenging for many firms, with forward-looking activity indicators showing little momentum. In corporate news, Mainfreight was the session’s biggest drag, plunging 9.6% after the logistics company reported a slow and disappointing start to FY2026, with profits down across its three main divisions.