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%).

新西兰股市周一早盘微涨13点，涨幅0.1%，至12866点，旨在延续连续第三个交易日的涨幅，其中耐用消费品、消费服务和工业服务领涨。特朗普总统宣布与欧盟达成贸易协议，将大多数进口商品的关税从拟议的30%降至15%后，美国期货价格飙升，提振了市场情绪。对美中贸易关系的乐观情绪也支持了风险偏好，此前《南华早报》报道称，双方可能会在本周第三轮谈判前将关税休战再延长三个月。然而，在美国主要科技公司盈利、美联储关键会议、特朗普8月1日的关税最后期限和美国通胀数据公布之前的谨慎态度限制了上行空间。在当地，投资者等待本周晚些时候公布的7月份商业和消费者信心数据。值得注意的上涨股包括斯科特科技（3.1%）、AFT制药（2.2%）、新西兰餐饮品牌（1.3%）和特纳汽车（1.0%）。

Shares in New Zealand edged up 13 points, or 0.1%, to 12,866 on Monday morning deals, aiming to extend gains for the third straight session, led by consumer durables, consumer services, and industrial services. Sentiment was buoyed by a jump in U.S. futures after President Trump announced a trade deal with the EU, lowering tariffs to 15% from a proposed 30% on most imports. Optimism over U.S.–China trade relations also supported risk appetite after the South China Morning Post reported that both sides are likely to extend their tariff truce by another three months ahead of a third round of talks this week. However, upside was capped by caution ahead of earnings from major U.S. tech firms, a key Fed meeting, Trump’s August 1 tariff deadline, and U.S. inflation data. Locally, investors awaited July business and consumer confidence data due later this week. Notable gainers included Scott Technology (3.1%), AFT Pharma (2.2%), Restaurant Brands NZ (1.3%), and Turners Automotive (1.0%).