周五上午，新西兰元50持平，在前一交易日疲软后徘徊在12657左右，交易员消化了新西兰2025年的预算。财政计划显示，前景略弱，近期增长放缓，新的税收激励措施促进投资，促使收入预测下调。在数据方面，继第四季度增长0.9%之后，该国零售额在2025年第一季度环比增长0.8%。谈到华尔街，标准普尔500指数周四收盘接近持平，投资者权衡了对利率上升和美国赤字激增的担忧。由于担心全球贸易紧张局势的影响，该指数有望在四周内首次出现周跌幅，下跌约1%。现在的焦点转向下周的新西兰储备银行政策会议，在温和的通货膨胀下，市场预计将降息25个基点。AFT Pharmaceuticals（3.9%）、Sky Network TV（2.8%）和Briscoe Group（1.5%）的上涨抵消了Serko有限公司（-2.6%）、Infratil有限公司（-1.4%）和Manawa Energy（-1.1%）的下跌。

The NZX 50 was flat on Friday morning, hovering around 12,657 after weakness in the previous session, as traders digested New Zealand’s 2025 budget. The fiscal plan revealed a slightly weaker outlook, with softer near-term growth and new tax incentives to boost investment, prompting a downward revision to revenue forecasts. On the data front, retail sales in the country rose 0.8% qoq in Q1 2025 following a 0.9% gain in Q4. Turning to Wall Street, the S&P 500 closed near flat Thursday as investors weighed concerns over rising rates and ballooning U.S. deficit. The index is on track for its first weekly drop in four weeks, down about 1% amid worries over the impact of global trade tensions. Focus now turns to next week’s RBNZ policy meeting, where markets are pricing in a 25bps rate cut amid mild inflation. Gains in AFT Pharmaceuticals (3.9%), Sky Network TV (2.8%), and Briscoe Group (1.5%) helped offset declines in Serko Ltd. (-2.6%), Infratil Ltd. (-1.4%), and Manawa Energy (-1.1%).