羊毛 (Wool) 加自选

标准普尔/新西兰元50指数周五下跌1.18%，收于11805点，这是自10月20日以来最糟糕的一个交易日，因为在当天晚些时候发布的美国PCE价格指数报告之前，市场普遍持谨慎态度。投资者还消化了最新的美国GDP数据，该数据在第一季度以近两年来最慢的速度增长。然而，通货膨胀的加剧再次引发了人们的猜测，即美联储可能会在更长时间内保持其限制性立场。在经济数据方面，澳新银行-罗伊-摩根的消费者信心在4月份降至82.1，家庭似乎对第四季度疲软的GDP数据感到不安。医疗科技股领跌市场，即费雪派克（-1.7%）和埃博集团（-3.2%）。埃博思集团宣布新任首席财务官Alistair Gray后，该公司股价下跌。指数权重股也出现了其他大幅下跌，如Spark NZ（-1.8%）、Auckland Intl Airport（-1.5%）、Contact Energy（-1.6%）和Infratil（-1%）。本周，基准指数微涨0.08%。

The S&P/NZX 50 index fell 1.18% to close at 11,805 on Friday, its worst session since October 20th, as caution prevailed ahead of US PCE price index report due later in the day. Investors also digested the latest US GDP data which grew at its slowest pace in nearly two years in the first quarter. However, an increase in inflation reignited speculation that the Federal Reserve might keep its restrictive stance for longer. On the economic data front, ANZ-Roy Morgan consumer confidence fell to 82.1 in April, with households appearing to be rattled by a weak Q4 GDP figure. Health technology stocks led the market down, namely Fisher & Paykel (-1.7%) and Ebos Group (-3.2%). Ebos Group dropped after the company's announcement of its new CFO, Alistair Gray. Other sharp losses were seen from index heavyweights such as Spark NZ (-1.8%), Auckland Intl Airport (-1.5%), Contact Energy (-1.6%), and Infratil (-1%). For the week, the benchmark index closed marginally higher at 0.08%.

新西兰元兑美元汇率超过0.595美元，受益于日本央行如普遍预期的那样保持利率稳定后的日元抛售。然而，由于美国GDP数据公布后美元反弹，新西兰股市回吐了部分盘中涨幅。第一季度，美国经济以近两年来最慢的速度增长，但通货膨胀的加剧再次引发了人们的猜测，即美联储可能会在更长时间内保持其限制性立场。市场注意力现在转向PCE价格指数报告，这是美联储首选的通胀指标，该报告将于当天晚些时候发布，以深入了解美联储的利率轨迹。在新西兰，新西兰储备银行本月将官方现金利率保持在5.5%，强调需要在一段持续的时间内保持政策限制，以使通胀率回到1-3%的目标区间。2024年前三个月，该国的年通货膨胀率降至4%，为2021年第二季度以来的最低水平。

The New Zealand dollar traded above $0.595, benefiting from yen selling after the Bank of Japan kept interest rates steady as widely expected. However, the Kiwi trimmed some of its intraday gains due to a rebound in the US dollar following the release of US GDP data. The US economy grew at its slowest pace in nearly two years in the first quarter, but an increase in inflation reignited speculation that the Federal Reserve might keep its restrictive stance for longer. Market attention now turns to the PCE price index report, the Fed’s preferred inflation gauge, which will be released later in the day to glean insights into the Federal Reserve's interest rate trajectory. In New Zealand, the RBNZ kept the official cash rate at 5.5% this month, emphasizing the need to keep policy restrictive for a sustained period to return inflation to its 1-3% target band. The country’s annual inflation eased to 4% in the first three months of 2024, the lowest since Q2 of 2021.

2024年第一季度，澳大利亚最终需求生产者价格指数季度环比上涨0.9%，与上一季度持平。这是连续第15个增长期，运营成本不断上升，与服务产出费用相关的价格也在上涨。主要的增长因素是高等教育的产出（+5.3%），这是由于运营成本的提高和学费的上涨；房地产运营商（+2.1%），由于租赁住房供不应求，与租金上涨相关的费用上涨；非住宅建筑施工（+1.8%），受与其他部门在熟练劳动力和材料方面的竞争以及用于管理资源可用性风险的利润率上升的推动；以及住宅建筑施工（+1.3%），目前技术劳动力和材料短缺，尤其是房屋建筑的收尾阶段。截至第一季度，生产者价格上涨4.3%，为一年中涨幅最大，较2023年第四季度的4.1%有所加快。

Australia's final demand producer price index climbed by 0.9% quarter-on-quarter in Q1 of 2024, the same pace as in the previous quarter. It was the 15th straight period of growth, amid rising operating costs and higher prices linked to fees in services output. The main upward contributors were the output of tertiary education (+5.3%), due to advancing operating costs and higher tuition fees; property operators (+2.1%), boosted by fees linked to increased rents as demand for rental dwellings outstrips supply; non-residential building construction (+1.8%), driven by competition with other sectors for skilled labour and materials, and rising margins applied to manage resource availability risk; and residential building construction (+1.3%), amid ongoing skilled labour and material shortages, particularly for the finishing stages of house building. Through the year to Q1, producer prices rose by 4.3%, the most in a year, accelerating from a 4.1% rise in the fourth quarter of 2023.

澳大利亚进口价格在2024年第四季度环比下降1.8%，与上一季度1.1%的涨幅相反，这是三个季度以来的首次下降。下降的主要原因是：石油、石油产品（-6.4%），由于欧佩克+国家延长减产，全球需求疲软抵消了供应压力；电机和电器（-4.9%），因为一些原材料价格的下跌加上澳元的升值；以及医药产品（-3.5%），这是由于一些报道称制造业效率提高，同时澳元升值。相比之下，与以高得多的价格进口的新型移动电话相关的电信设备的成本增长（1.8%）；以及黄金，非货币性（3.8%），受中东冲突持续以及各国央行保持利率不变导致黄金需求增加的驱动。截至第一季度，进口价格在第四季度下降3.1%后，下降了0.7%。

Australia's import prices fell by 1.8% qoq in Q4 of 2024, reversing from a 1.1% rise in the previous quarter and marking the first drop in three quarters. Main contributors to the decline were: petroleum, petroleum products (-6.4%), dented by weak global demand offsetting supply pressures, as OPEC+ nations extend production cuts; electrical machinery and apparatus (-4.9%), as falls in some raw material prices were compounded by the appreciating Australian dollar; and medicinal and pharmaceutical products (-3.5%), due to some reports of efficiency gains in manufacturing, alongside the appreciating Australian dollar. In contrast, cost grew for telecommunications equipment (1.8%) linked to new model mobile phones being imported at significantly higher prices; and gold, non-monetary (3.8%), driven by higher demand for gold as conflicts in the Middle East lingered and central banks keep interest rates on hold. Through the year to Q1, the import prices shrank 0.7%, after a 3.1% fall in Q4.