新西兰澳新银行商业信心升至49.7，疲软点强化了澳新银行的鸽派倾向。新西兰澳新银行8月份商业信心指数小幅上升，从47.8升至49.7。然而，企业自身活动展望从40.6降至38.7。

NZ ANZ business confidence rises to 49.7, weak spots reinforce RBNZ's dovish tilt.New Zealand's ANZ Business Confidence index improved modestly in August, rising to 49.7 from 47.8. However, firms' Own Activity Outlook slipped to 38.7 from 40.6.

新西兰澳新银行商业展望指数从上个月的47.8升至2025年8月的49.7，这是连续第三个月上涨，也是自3月以来的最高水平。这一增长反映了在储备银行对利率采取温和立场的情况下的乐观情绪。出口意向小幅上升（7月份为16.6比14.6），同时投资意向（20.2比19.7）和信贷准入（16.9比15.0）略有上升。然而，就业意向略有下降（10.5比11.8），利润预期（15.2比17.0）和成本预期（74.0比75.9）也有所下降。定价意向（42.5比43.5）和工资增长预期（2.4%比2.5%）也有所缓解。通胀预期保持稳定（2.63%对2.68%）。与此同时，更广泛的活动指标减弱，活动前景略有下降（38.7对40.6），过去自身活动大幅下降（1.3对5.9）。值得注意的是，住宅建设意向激增（26.8比16.7），部分被商业建设放缓（25.0比28.9）所抵消。

New Zealand’s ANZ Business Outlook Index rose to 49.7 in August 2025 from 47.8 in the previous month, marking its third consecutive monthly gain and the highest level since March. The uptick reflects optimism amid the Reserve Bank’s dovish stance on interest rates. Export intentions edged up (16.6 vs 14.6 in July), alongside modest gains in investment intentions (20.2 vs 19.7) and credit access (16.9 vs 15.0). However, employment intentions fell slightly (10.5 vs 11.8), as did profit expectations (15.2 vs 17.0) and cost expectations (74.0 vs 75.9). Pricing intentions (42.5 vs 43.5) and wage growth expectations (2.4% vs 2.5%) also eased. Inflation expectations remained steady (2.63% vs 2.68%). Meanwhile, broader activity indicators weakened, amid a slight drop in activity outlook (38.7 vs 40.6) and a sharp fall in past own activity (1.3 vs 5.9). Notably, residential construction intentions surged (26.8 vs 16.7), partially offset by a slowdown in commercial construction (25.0 vs 28.9).

周四早盘，新西兰股市上涨37点，涨幅0.3%，至12898点，结束了连续两天的下跌，并在英伟达的盈利和特朗普总统试图影响美国货币政策后，追随华尔街的温和涨幅。在关键数据公布之前，美国国债收益率也有所回落，包括美联储密切关注的周五个人消费支出指数。医疗保健、物流和公用事业领涨NZX 50，因为预计新西兰储备银行可能会进一步放松政策以支持国内增长，此前新西兰总理卢克森最近发表讲话。尽管如此，在8月商业信心指数公布之前，由于通胀缓解和信贷渠道稳定，7月创下三个月新高，但谨慎的态度限制了上行空间。在企业方面，由于全球发动机维修中断，新西兰航空公司的年收益下降了15%。早期上涨股包括萨默塞特集团（3.7%）、埃伯斯集团（3.4%）、哈伦斯坦-格拉森（2.9%）和新西兰南港（2.4%）。

New Zealand equities rose 37 points or 0.3% to 12,898 in early trade on Thursday, snapping a two-day losing streak and tracking modest Wall Street gains after Nvidia’s earnings and President Trump’s attempts to sway U.S. monetary policy. U.S. Treasury yields also eased ahead of key data releases, including Friday’s PCE index, closely watched by the Fed. Healthcare, logistics, and utilities led the advance in the NZX 50 amid expectations that the RBNZ may further ease policy to support domestic growth, following recent remarks from Prime Minister Luxon. Still, upside was capped by caution before August’s business confidence reading, after July’s three-month high fueled by easing inflation and steady credit access. On the corporate front, Air New Zealand posted a 15% drop in annual earnings due to global engine maintenance disruptions. Early gainers included Summerset Group (3.7%), Ebos Group (3.4%), Hallenstein Glasson (2.9%), and South Port NZ (2.4%).

新西兰基准标准普尔/NZX 50指数周三下跌0.7%，收于12862点，延续了前一交易日的跌幅，受医疗保健股疲软拖累。权重股Ebos Group下跌13.9%，此前该药品分销商报告净利润大幅下降。养老服务提供商Ryman和Summerset Group也分别下跌了3.2%和1.6%。在其他大盘股中，Meridian Energy（-0.6%）、Infratil（-1.5%）和Contact Energy（-1.0%）均收跌。在全球方面，市场情绪仍然谨慎，因为投资者权衡了美联储持续面临的政治压力，并期待人工智能巨头英伟达发布备受期待的盈利报告。

New Zealand's benchmark S&P/NZX 50 index dropped 0.7% to close at 12,862 on Wednesday, extending losses from the previous session, dragged down by weakness in healthcare stocks. Heavyweight Ebos Group shed 13.9% after the pharmaceutical distributor reported a sharp fall in net profit. Aged-care providers Ryman and Summerset Group also lost 3.2% and 1.6% respectively. Among other large-cap stocks, Meridian Energy (-0.6%), Infratil (-1.5%), and Contact Energy (-1.0%) all finished lower. On the global front, sentiment remained cautious as investors weighed ongoing political pressure on the US Federal Reserve and looked ahead to a highly anticipated earnings report from AI giant Nvidia.