新西兰股市周五早盘持平于11726.2点左右，因材料和工业股的上涨抵消了公用事业和消费必需品的下跌，周四创下11月2日以来的最大单日涨幅。在今天公布一系列中国经济数据（包括工业产出和零售额）之前，人们保持了谨慎，并预计中国下周可能会确定基准贷款利率。交易员们也在等待新西兰储备银行的货币政策决定，市场预计央行将在下周连续第七次会议将其官方现金利率保持在5.5%。在数据方面，第一季度生产者通胀率降至0.7%。Skellerup Holdings上涨2.6%，Hallenstein Glasson Holdings上涨2.4%，Mercury NZ和Westpac Banking Corp分别下跌1.1%和0.8%。然而，由于经济数据喜忧参半，围绕美联储货币政策轨迹的不确定性，NXZ 50本周将下跌0.2%，这将是第二周下跌。

New Zealand shares were flat at around 11,726.2 in early trade on Friday, as a rise in materials and industrials offset falls in utilities and consumer staples after registering its biggest one-day gain since November 2nd Thursday. Caution built ahead of announcing a series of China's economic data, including industrial output and retail sales today, and anticipate China May fix benchmark lending rates next week. Traders also await the RBNZ monetary policy decisions, with the market expecting the central bank to hold its official cash rate at 5.5% for the 7th straight meeting next week. On the data front, producer inflation slows to 0.7% in Q1. Skellerup Holdings advanced 2.6%, Hallenstein Glasson Holdings rose 2.4%, while Mercury NZ and Westpac Banking Corp dropped by 1.1% and 0.8% each. However, the NXZ 50 is heading for a fall of 0.2% for the week, which would be the 2nd weekly decline, rattled by uncertainty surrounding the Fed monetary policy trajectory amid mixed economic data.

截至2024年3月的三个月里，新西兰生产者投入品价格季度环比上涨0.7%，而上一季度上涨0.9%。生产者支付价格上涨的主要原因是：电力、天然气、水和废物服务（第四季度为9.2%，而第四季度则为4.7%）；建筑业（0.3%对0.5%）；租赁、雇佣和房地产服务（0.4%对0.2%）；另一方面，制造业的成本下降（-0.5%对1.4%）；农业、林业和渔业（-0.2%对0.3%）。

Producer input prices in New Zealand increased by 0.7 percent quarter-on-quarter in the three months to March of 2024, compared to a 0.9 percent rise in the preceding quarter. Main contributors to the increase in prices paid by producers were: Electricity, gas, water, and waste services (9.2% vs 4.7% in Q4); Construction (0.3% vs 0.5%); Rental, hiring, and real estate services (0.4% vs 0.2%); On the other hand, cost decrease for Manufacturing (-0.5% vs 1.4%); Agriculture, forestry, and fishing (-0.2% vs 0.3%).

周四，新西兰基准标准普尔/新西兰元50指数上涨1.75%，收于11728点，结束了连续三天的下跌，创下自11月2日以来的最强单日涨幅。由于最新的美国经济报告提振了美联储今年降息的前景，几乎所有行业都出现了上涨。4月份，美国整体通胀率和核心通胀率均有所放缓，表明第二季度通胀率已恢复下降趋势。此外，4月份的零售额没有变化，与市场预测相悖。医疗保健板块上涨，Fisher&Paykel（1.8%）、Ebos Group（1.1%）和Ryman Healthcare（8.8%）领涨。公用事业股也上涨，即Infratil（3%）、Mercury NZ（2.7%）、Contact Energy（2.4%）和Meridian Energy（2.7%）。此外，恒天然公司的股价上涨5.9%，原因是该公司计划全部或部分出售其全球消费者部门、恒天然大洋洲部门和斯里兰卡业务。

New Zealand's benchmark S&P/NZX 50 index climbed 1.75% to close at 11,728 on Thursday, snapping a three-day losing streak and marking its strongest one-day gain since November 2nd, with almost all sectors posting increases as the latest US economic reports bolstered the prospects for the Federal Reserve to cut interest rates this year. Both headline and core inflation rates in the US slowed in April, indicating that inflation has resumed a downward trend in the second quarter. Additionally, retail sales were unchanged in April, defying market forecasts. Healthcare sector gained, led by Fisher & Paykel (1.8%), Ebos Group (1.1%), and Ryman Healthcare (8.8%). Utility stocks also went up, namely Infratil (3%), Mercury NZ (2.7%), Contact Energy (2.4%), and Meridian Energy (2.7%). Moreover, shares of Fonterra Co-operative rose 5.9% on planning a full or partial sale of its global consumer unit, its Fonterra Oceania unit and Sri Lankan business.

新西兰元保持在0.61美元左右，徘徊在两个月来的最高水平，因为最新的美国经济报告对美联储持温和态度，并对美元构成压力。周三，数据显示，美国4月消费者价格通胀略有缓解，零售销售出乎意料地持平，这提高了人们对美联储今年将两次降息的预期。从外部来看，人民币走强也提振了新西兰经济，此前有报道称，中国政府正在考虑购买未售出的房屋，以缓解供应过剩。在国内，人们普遍预计新西兰储备银行将在5月22日的会议上将利率维持在5.5%。在有证据表明通胀率将持续保持在2%左右之前，政策制定者不愿意开始降息。尽管如此，最新数据显示，该国第二季度2年期通胀预期降至近三年来的最低水平，这加剧了人们对新西兰储备银行可能考虑在今年晚些时候降低利率的猜测。

The New Zealand dollar held around $0.61, hovering at its strongest levels in two months, as the latest US economic reports were dovish for the Fed and weighed on the greenback. On Wednesday, data revealed that US consumer price inflation eased slightly in April and retail sales was unexpectedly flat, raising expectations that the Fed will cut interest rates two times this year. Externally, the Kiwi also received a boost from the stronger Yuan, following reports that China's government is considering buying unsold homes to ease oversupply. At home, the RBNZ is widely expected to maintain its interest rate at 5.5% in its meeting on May 22nd. Policymakers are reluctant to start cutting rates until there is evidence that inflation will remain sustainably around 2%. Still, newer data showed that the country's Q2 2-year inflation expectations fell to their lowest level in almost three years, fueling speculation that the RBNZ might consider lowering rates later this year.