新西兰11月出口同比增长9.1%，进口同比增长3.9%。新西兰11月的贸易数据显示，情况有了显著改善，商品出口同比增长9.1%，达到65亿新西兰元，而商品进口同比增长3.9%，达到69亿新西兰元。由此产生的4.37亿新西兰元的贸易逆差远低于预期的19.51亿新西兰元。

NZ's exports rises 9.1% yoy in Nov, imports up 3.9% yoy.New Zealand's trade data for November showed a significant improvement, with goods exports rising 9.1% yoy to NZD 6.5B, while goods imports increased by a more modest 3.9% yoy to NZD 6.9B. The resulting trade deficit of NZD -437m was much smaller than the expected NZD -1951m.

新西兰基准标准普尔/NZX 50指数周五上涨1.2%，收于12904点，结束了连续两天的下跌。新西兰第三季度经济收缩情况比预期的更糟，导致投资者在2月份的储备银行下次会议上充分考虑了50个基点的大幅降息。与此同时，最新数据显示，由于出口增加而进口下降，该国11月的贸易逆差有所收窄。此外，澳新银行罗伊摩根调查显示，12月消费者信心有所改善。在企业方面，Meridian Energy是表现最好的股票，在与Nova Energy合作运营陶波附近Rangitaiki的Te Rahui太阳能发电厂后，股价飙升5.4%。其他表现最好的包括Infratil，上涨4.8%，陶朗加港上涨4.6%。本周，该指数上涨1.2%，结束了连续两周的下跌。

New Zealand's benchmark S&P/NZX 50 index rose 1.2% to close at 12,904 on Friday, snapping a two-day losing streak. The worse-than-expected contraction in the New Zealand economy in the third quarter has led investors to fully price in an outsized 50bps cut at the Reserve Bank’s next meeting in February. Meanwhile, latest data revealed the country’s trade deficit narrowed in November, driven by a rise in exports while imports declined. Additionally, the ANZ-Roy Morgan survey showed consumer confidence improved in December. On the corporate front, Meridian Energy was the best performing stock, surging 5.4% after partnering with Nova Energy to operate the Te Rahui solar farm at Rangitaiki near Taupo. Other top performers included Infratil, which gained 4.8%, and Port of Tauranga, up 4.6%. For the week, the index advanced 1.2%, ending two consecutive weeks of losses.

新西兰元仍处于两年多来的低点，周五交易价约为0.562美元，有望连续第三周下跌。第三季度GDP数据弱于预期，这加剧了人们对新西兰储备银行更激进的货币政策宽松的预期，拖累了货币。市场已经完全消化了央行2月份会议上50个基点的大幅降息。在其他经济新闻中，由于出口增加而进口下降，新西兰11月的贸易逆差有所收窄。在美联储的鹰派前景之后，新西兰元在外部仍受到强势美元的压力。本周迄今为止，新西兰元已下跌2.3%，创下两个多月来最糟糕的单周表现。

The New Zealand dollar remained at over two-year low, trading around $0.562 on Friday and on track for its third consecutive weekly loss. The currency was weighed down by weaker-than-expected third-quarter GDP data, which fueled expectations of more aggressive monetary policy easing by the Reserve Bank of New Zealand. Markets have fully priced in an outsized 50 bps rate cut at the central bank’s February meeting. In other economic news, New Zealand's trade deficit narrowed in November, driven by a rise in exports while imports dropped. Externally, the Kiwi remains under pressure from a strong US dollar, following the Federal Reserve's hawkish outlook. So far this week, the New Zealand dollar has declined 2.3%, marking its worst weekly performance in over two months.

新西兰股市周五早盘持平，报12755点，此前两个交易日下跌。能源矿产和消费者的损失抵消了加工工业和非能源矿产的收益。交易员消化了数据，显示消费者情绪在12月微升至3年多的峰值，印刷品自2021年9月以来首次触及100大关。他们还分析了商业情绪，由于经济疲软，商业情绪跌至3个月低点。在贸易方面，11月出口同比增长9.1%，而进口下降3.9%，表明贸易逆差正在缩小。在美国，股市周四再次出现悲观情绪，投资者正在为11月的个人消费支出指数读数做准备，并对美联储主席鲍威尔的声明做出回应，即未来的宽松政策需要在通胀方面取得新的进展。新西兰餐厅品牌（2.8%）和殖民地汽车（2.4%）上涨，纳皮尔港Hlds上涨。（-3.5%）和A2牛奶公司（-2.3%）下跌。在经历了前两个时期的下跌后，本周市场表现平平。

Shares in New Zealand were flat at 12,755 in early trade on Friday, following losses in the prior two sessions. Losses in energy minerals and consumers countered gains in process industries and non-energy minerals. Traders digested data showing consumer mood edged up to a more than 3-year peak in Dec., with the print hitting the 100 mark for the first time since Sept. 2021. They also analyzed business sentiment, which dipped to a 3-month low, due to a weak economy. On the trade front, exports surged 9.1% yoy in Nov., while imports shrank 3.9%, indicating a narrowing trade deficit. In the US, stocks saw another downbeat day Thursday, with investors bracing for November’s PCE index reading and responding to Fed Chair Powell’s statement that future easing would need fresh progress on inflation. Restaurant Brand NZ (2.8%) and Colonial Motor (2.4%) gained while Napier Port Hlds. (-3.5%) and A2 Milk Co. (-2.3%) fell. For the week, markets were muted after falls in the previous two periods.