新西兰基准标准普尔/NZX 50指数周五收平于13228点，抹去了早些时候的涨幅，本周基本保持不变。该指数最初在早盘交易中攀升，此前华尔街在美国消费者通胀温和上升和首次申请失业救济人数意外大幅增加后领先，这增强了人们对美联储今年进一步降息的希望。在国内新闻中，新西兰制造业在7月短暂扩张后于8月收缩，突显出持续的国内经济挑战。市场注意力现在转向下周公布的第二季度GDP数据，该数据可能显示6月份季度经济萎缩。在大盘股中，Spark NZ（-2.9%）、Infratil（-0.95%）、Fisher&Paykel（-0.5%）和a2 Milk（-1.2%）的跌幅抵消了奥克兰国际机场（+0.9%）、Mercury NZ（+0.7%）和Mainfreight（+3.1%）的涨幅。

New Zealand's benchmark S&P/NZX 50 index closed flat at 13,228 on Friday, erasing earlier gains to finish the week largely unchanged. The index had initially climbed in early trading, following Wall Street’s lead after a modest uptick in US consumer inflation and an unexpectedly sharp increase in jobless claims bolstered hopes of more interest rate cuts from the Federal Reserve this year. In domestic news, New Zealand’s manufacturing sector contracted in August after July’s brief expansion, highlighting ongoing domestic economic challenges. Market attention now turns to the second-quarter GDP figures due next week, which are likely to show the economy shrank in the June quarter. Among large-cap stocks, losses in Spark NZ (-2.9%), Infratil (-0.95%), Fisher & Paykel (-0.5%), and a2 Milk (-1.2%) offset gains in Auckland Intl Airport (+0.9%), Mercury NZ (+0.7%), and Mainfreight (+3.1%).

新西兰制造业下滑至49.9，行业疲软持续，乐观情绪参差不齐。最新的新西兰商业采购经理人指数显示，8月份新西兰制造业停滞不前，该指数从52.8降至49.9。BusinessNZ的Catherine Beard指出，该行业“尚未转向持续增长”，尽管仅略低于中性阈值，但该指数突显了不稳定的状况和脆弱的信心。

NZ BNZ manufacturing slips to 49.9, sector weakness persists, optimism patchy.The latest BusinessNZ PMI showed New Zealand's manufacturing sector stalling in August, with the index slipping to 49.9 from 52.8. BusinessNZ's Catherine Beard noted the industry “has yet to turn the corner toward sustained growth,” with the reading underscoring patchy conditions and fragile confidence despite being only marginally below the neutral threshold.

周五，新西兰元在美元普遍疲软的支撑下，隔夜上涨0.6%，达到近一个月高点，徘徊在0.597美元左右。美元面临压力，因为美国消费者通胀数据略有升温，失业救济申请人数激增，使人们对美联储下周及以后降息的预期保持高位。然而，在国内，新西兰储备银行的温和政策前景限制了新西兰元的上涨。新西兰储备银行行长克里斯蒂安·霍克斯比周四重申了央行的预测，即到年底，其官方现金利率将再下降50个基点，宽松的步伐将以即将公布的数据为指导，特别是下周的GDP报告。与此同时，新的数据显示，新西兰制造业在8月份再次陷入收缩，突显出经济的脆弱状态。本周，新西兰元有望上涨1%以上。

The New Zealand dollar hovered around $0.597 on Friday after rising 0.6% overnight to reach a nearly one-month high, supported by broad US dollar weakness. The greenback came under pressure as slightly hotter US consumer inflation data and a surge in jobless claims kept expectations high on Federal Reserve interest rate cuts next week and beyond. At home, however, a dovish policy outlook from the Reserve Bank of New Zealand limited the kiwi’s upside. RBNZ Governor Christian Hawkesby on Thursday reaffirmed the central bank’s projection for its official cash rate to fall by another 50bps by year-end, with the pace of easing to be guided by incoming data—particularly next week’s GDP report. Meanwhile, fresh data showed that New Zealand’s manufacturing sector slipped back into contraction in August, underscoring the fragile state of the economy. For the week, the kiwi is on track to post a gain of more than 1%.

周五早盘，新西兰元50指数上涨57点，涨幅0.4%，至13286点，扭转了华尔街标准普尔500指数周四第三天创下历史新高后的前一交易日跌幅，这得益于美国CPI数据和劳动力市场疲软的迹象，这巩固了美联储下周降息的押注。本周，该指数有望连续第二次上涨，迄今为止上涨约0.5%，这是由于人们乐观地认为，在州长克里斯蒂安·霍克斯比表示官方现金利率可能在年底前再下降0.5个百分点后，新西兰储备银行将进一步放松。新数据显示，新西兰制造业在7月短暂扩张后于8月收缩，进一步上涨受到抑制，而在本周晚些时候公布的食品通胀数据之前，谨慎情绪有所上升，此前7月的数据为2023年以来的最高水平。从行业来看，生产者制造业、能源矿产和医疗保健行业领涨，Scott Tech（3.6%）、T&G Global（2.0%）、Skellerup（1.8%）和渠道基础设施（1.3%）的涨幅显著。

The NZX 50 rose 57 points or 0.4%, to 13,286 on Friday morning trade, reversing the prior session’s losses after Wall Street’s S&P 500 hit record highs for a third day Thursday, supported by in-line U.S. CPI data and signs of a weakening labor market that cemented bets of a Fed rate cut next week. For the week, the index is on track for a second consecutive gain, up about 0.5% so far, driven by optimism that the RBNZ will ease further after Governor Christian Hawkesby signaled the official cash rate could fall another half point by year-end. Further gains were tempered by fresh data showing New Zealand’s manufacturing sector contracted in August after July’s brief expansion, while caution grew ahead of food inflation data due later this week, following July’s highest reading since 2023. Sector-wise, producer manufacturing, energy minerals, and healthcare led the advance, with notable rises from Scott Tech (3.6%), T&G Global (2.0%), Skellerup (1.8%), and Channel Infrastructure (1.3%).