新西兰股市在周三早盘交易中几乎没有变化，在连续四个交易日上涨后徘徊在12930点左右。商业服务和公用事业的强势抵消了工业服务和消费非耐用品的损失。投资者谨慎地等待着今天晚些时候公布的7月份商业情绪数据，6月份是自2月份以来的首次上涨。在澳大利亚，关键的月度和季度通胀报告定于今天晚些时候发布。在华尔街，标准普尔500指数周二结束了为期六天的反弹，交易员消化了一波企业盈利，并密切关注美中贸易谈判。注意力也转向了美联储将于今天晚些时候作出的利率决定，特朗普总统再次呼吁降息。本周晚些时候的美国通胀数据增加了谨慎情绪。Colonial Motor Co.下跌2.1%，紧随其后的是新西兰餐厅品牌（-2.0%）和T&G Global（-1.8%）。上涨方面，PGG Wrightson上涨1.8%，Meridian Energy上涨1.2%，Scales Corp.上涨1.1%。

New Zealand stocks were little changed in Wednesday morning trade, hovering around 12,930 after four straight sessions of gains. Strength in commercial services and utilities offset losses in industrial services and consumer non-durables. Investors cautiously awaited July’s business sentiment data, due later today, after June marked the first rise since February. In Australia, key monthly and quarterly inflation reports are scheduled for release later today. On Wall Street, the S&P 500 ended a six-day rally Tuesday as traders digested a wave of corporate earnings and closely tracked U.S.-China trade negotiations. Attention also turned to the Fed’s rate decision due later today, with President Trump renewing calls for rate cuts. U.S. inflation data later in the week added to the cautious mood. Colonial Motor Co. fell 2.1%, followed by Restaurant Brands NZ (-2.0%), and T&G Global (-1.8%). On the upside, PGG Wrightson rose 1.8%, Meridian Energy gained 1.2%, and Scales Corp. added 1.1%.

新西兰基准标准普尔/NZX 50指数周二微涨0.2%，收于12936点，连续第四个交易日上涨，因对贸易发展的乐观情绪支撑了投资者情绪。投资者正在密切关注正在进行的美中贸易谈判，预计目前的关税暂停将再延长90天。此前，美国和欧盟最近达成了一项协议，其中包括对大多数欧洲商品征收15%的关税。市场参与者也在等待美联储本周的政策会议，人们普遍预计美联储将保持利率不变。在企业方面，显著上涨的包括指数权重股斐雪派克（+1.1%）、Infratil（+2.5%）、新西兰水星（+1.7%）和a2 Milk（+1.0%）。

New Zealand's benchmark S&P/NZX 50 index edged 0.2% higher to close at 12,936 on Tuesday, marking its fourth consecutive session of gains as optimism around trade developments supported investor sentiment. Investors are closely monitoring ongoing US-China trade negotiations, with expectations for another 90-day extension of the current tariff pause. This follows a recent agreement between the US and EU, which includes a 15% tariff on most European goods. Market participants are also awaiting the US Federal Reserve policy meeting this week, where the central bank is widely expected to keep interest rates unchanged. On the corporate front, notable gainers included index heavyweights Fisher & Paykel (+1.1%), Infratil (+2.5%), Mercury NZ (+1.7%), and a2 Milk (+1.0%).

周二，新西兰元在连续三个交易日下跌后徘徊在0.597美元左右，受美元走强的拖累。在美国和欧盟达成对大多数欧洲商品征收15%关税的贸易协议后，美元走高。投资者也在关注正在进行的美中贸易谈判，预计世界两大经济体之间的休战将再延长90天。鉴于新西兰与其最大的出口目的地中国有着深厚的贸易关系，有利的结果可能会为新西兰提供支持。市场焦点也集中在即将召开的美联储政策会议上，人们普遍预计美联储将保持利率稳定。在国内，市场目前认为，新西兰储备银行在8月份的下次会议上将3.25%的现金利率下调25个基点的可能性约为75%。

The New Zealand dollar hovered around $0.597 on Tuesday, following three consecutive sessions of losses, weighed down by a stronger US dollar. The greenback advanced after the US and the EU reached a trade agreement that imposes a 15% tariff on most European goods. Investors are also watching the ongoing US-China trade talks, amid expectations of another 90-day extension to the truce between the world’s two largest economies. A favorable outcome could offer support to the Kiwi, given New Zealand’s deep trade ties with China, its largest export destination. Market focus is also on the upcoming US Federal Reserve policy meeting, where the central bank is widely is expected to hold interest rates steady. At home, markets are currently pricing in around a 75% probability the Reserve Bank of New Zealand will cut its 3.25% cash rate by 25bps at its next meeting in August.

新西兰元50指数在周二上午的波动中上涨24点，涨幅0.2%，至12935点，这是其第四个交易日的上涨，主要得益于工业服务、通信和能源矿产的强劲表现。周一，华尔街标准普尔500指数和纳斯达克指数创下历史新高，在美国与欧盟宣布达成贸易协议缓解全球风险担忧后，市场情绪受到支撑。另外，美国和中国恢复了谈判，越来越多的人押注将关税休战延长90天。与此同时，特朗普总统表示，全球基准关税率可能会“在15%至20%的范围内”下降。与此同时，美联储本周将保持利率稳定的希望鼓励市场参与者增加新的头寸。然而，在本周晚些时候新西兰公布关键商业和消费者信心数据之前，谨慎态度限制了进一步上涨。早期跑赢大盘的公司包括Spark NZ（2.4%）、Third Age Health Services（2.3%）、South Port NZ（2.0%）和PGG Wrightson（1.8%）。

The NZX 50 rose 24 points or 0.2% to 12,935 in a volatile session on Tuesday morning, marking its fourth session of gains, driven by strength in industrial services, communications, and energy minerals. Record-high closes on Wall Street's S&P 500 and Nasdaq Monday supported sentiment following the announcement of a U.S.-EU trade deal that eased global risk concerns. Separately, the U.S. and China resumed talks, with bets growing for a 90-day extension to their tariff truce. Meanwhile, President Trump said the baseline global tariff rate will likely fall “in the range of 15 to 20%.” At the same time, hopes that the U.S. Federal Reserve will hold interest rates steady this week encouraged market participants to add new positions. However, further gains were limited by caution ahead of key business and consumer confidence data in New Zealand due later this week. Early outperformers included Spark NZ (2.4%), Third Age Health Services (2.3%), South Port NZ (2.0%), and PGG Wrightson (1.8%).