新西兰基准s&P/NZX 50指数周五微涨0.2%，收于12931点，延续了前一交易日的温和涨幅，标志着连续第四个月上涨。受美国第二季度GDP数据上调和人工智能芯片巨头英伟达强劲盈利的推动，当地市场追随华尔街隔夜上涨。投资者现在正在等待今天晚些时候公布的美国个人消费支出通胀报告，以获取有关美联储利率前景的进一步线索。在企业方面，公用事业股仍然是表现最好的股票之一，Meridian Energy（+1.8%）、Contact Energy（+1.2%）、Mercury NZ（+0.9%）和Vector（+2.0%）均收高。其他显著上涨的股票包括Spark NZ（+1.2%）、陶朗加港（+2.2%），Fletcher Building（+1.9%）、Ryman Healthcare（+0.8%）和Summerset Group（+3.2%）。新西兰元50指数本周下跌0.9%，结束了三周的连胜。然而，本月该指数上涨了0.8%。

New Zealand's benchmark S&P/NZX 50 index edged 0.2% higher to close at 12,931 on Friday, extending modest gains from the previous session to mark its fourth straight monthly advance. The local market tracked Wall Street’s overnight gains, lifted by an upward revision to US second-quarter GDP data and strong earnings from AI chip giant Nvidia. Investors now await the US PCE inflation report, due later today, for further clues on the Federal Reserve's rate outlook. On the corporate front, utility stocks remained among the top performers, with Meridian Energy (+1.8%), Contact Energy (+1.2%), Mercury NZ (+0.9%), and Vector (+2.0%) all finishing higher. Other notable gainers included Spark NZ (+1.2%), Port of Tauranga (+2.2%), Fletcher Building (+1.9%), Ryman Healthcare (+0.8%), and Summerset Group (+3.2%). The NZX 50 slipped 0.9% for the week, snapping a three-week winning streak. For the month, however, the index rose 0.8%.

周五，新西兰元微涨至0.589美元，因美元普遍走弱而呈周线上涨。美元再次面临压力，因为市场预计美联储下个月降息的可能性更高，而对美联储独立性的持续担忧也影响了市场情绪。投资者现在正在等待美国个人消费支出价格指数（美联储首选的通胀指标），该指数将于今天晚些时候公布，以获取有关美国利率走势的更多线索。然而，新西兰储备银行的温和政策前景仍然限制了新西兰元的上涨。新西兰储备银行上周大幅下调了现金利率，并为进一步宽松政策敞开了大门，以重振陷入困境的经济，并缓冲其免受外部不利因素的影响。今天公布的数据突显了国内疲软，由于就业和工资增长疲软，新西兰8月份消费者信心降至10个月低点。本周，新西兰元上涨0.4%，但本月基本持平。

The New Zealand dollar edged up to $0.589 on Friday, heading for a weekly advance, benefiting from a broadly weaker US dollar. The greenback has come under renewed pressure as markets priced in higher odds of a Federal Reserve rate cut next month, while lingering concerns about the Fed’s independence also weighed on sentiment. Investors are now awaiting the US PCE price index—the Fed’s preferred inflation gauge—due later today for more clues on the US rate path. However, the kiwi’s upside remains capped by a dovish policy outlook from the Reserve Bank of New Zealand. The RBNZ slashed its cash rate last week and left the door open to further easing in an effort to revive a struggling economy and buffer it from external headwinds. Data released today highlighted domestic weakness, with consumer confidence in New Zealand falling to a ten-month low in August amid weakening employment and wage growth. For the week, the kiwi is up 0.4%, though it remains largely flat for the month.

新西兰股市在8月最后一个交易日的早盘交易中上涨35点，涨幅0.3%，至12938点，延续了华尔街标准普尔500指数周四创纪录收盘后的前一交易日涨幅。美国财报季基本积极，数据显示美国经济增长快于最初估计，提振了市场情绪。此外，当地数据显示，由于通胀预期稳定和出口意愿增强，8月份商业情绪攀升至五个月高点，连续第三个月上升。耐用消费品、医疗保健和物流领涨，Delegat集团（6.3%）、Summerset集团（2.4%）和Ryman healthcare（2.1%）均实现稳健增长。本月，新西兰元指数连续第四个月上涨，上涨约0.9%，因市场乐观地认为，在经济活动疲软和政治压力下，新西兰储备银行将延长货币宽松政策。中国PMI公布前的谨慎态度限制了进一步上涨，而当地数据显示，8月份消费者信心降至10个月低点。

New Zealand shares rose 35 points or 0.3% to 12,938 in early deals on the final trading day of August, extending gains from the prior session after Wall Street’s S&P 500 hit a record close Thursday. Sentiment was lifted by a largely positive U.S. earnings season and data showing the American economy grew faster than first estimated. Also, local data revealed that the business mood climbed to a five-month high in August, rising for the third month on stable inflation expectations and stronger export intentions. Consumer durables, healthcare, and logistics led the advance, with solid gains from Delegat Group (6.3%), Summerset Group (2.4%), and Ryman Healthcare (2.1%). For the month, the NZX is tracking its fourth straight monthly rise, up about 0.9%, on optimism that the RBNZ will extend monetary easing amid sluggish activity and political pressure. Further upside was capped by caution ahead of China’s PMI print while local data showed consumer sentiment notched a 10-month low in August.

澳新银行罗伊摩根消费者信心指数8月份下跌3点，至92点，为10个月来的最低水平。未来状况指数下跌2点，至98.8，而当前状况指数下跌3点，至81.8。家庭对个人财务的看法进一步减弱，下降3个百分点至-24%，12%的受访者表示现在不是购买主要家居用品的好时机，下降4个百分点，这表明零售商面临压力。经济展望指标也有所下降，12个月展望下降4个点至-20%，5年展望下降4点至+3。未来两年CPI通胀预期从5.1%降至4.8%，而房价预期稳定在3.5%。尽管出现了这些下降，但较低的实际利率和新西兰储备银行的鸽派转向提供了一些支持，尽管消费者信心和零售支出在短期内可能仍然疲软。

The ANZ-Roy Morgan Consumer Confidence index fell 3 points to 92 in August, its lowest level in 10 months. The future conditions index dropped 2 points to 98.8, while the current conditions index fell 3 points to 81.8. Household perceptions of personal finances weakened further, slipping 3 points to -24%, and a net 12% of respondents said it was a bad time to buy a major household item, down 4 points, signaling pressure on retailers. Economic outlook measures also declined, with the 12-month view falling 4 points to -20% and the five-year outlook down 4 points to +3. Two-year-ahead CPI inflation expectations eased from 5.1% to 4.8%, while house price expectations held steady at 3.5%. Despite these declines, lower real interest rates and the RBNZ’s dovish pivot provide some support, though consumer sentiment and retail spending may remain subdued in the near term.