Weekly Financial

• A weekly financial calendar has been released highlighting key economic indicators and market insights for the second week of July. • Major events include the RBNZ Interest Rate Decision on Wednesday, July 8, and China's Inflation Rate report on Thursday, July 9. • These indicators are critical for market volatility, especially following the RBNZ's late May decision to hold the Official Cash Rate steady at 2.25%.

• The Reserve Bank of New Zealand held the Official Cash Rate steady at 2.25% during its most recent meeting in late May. • This marks the third consecutive meeting where rates remained unchanged, following a split decision among board members. • Governor Breman cast the deciding vote to maintain the current rate, signaling a cautious approach to monetary policy.

• U.S. equity markets extended their rebound in May 2026, with the S&P 500 posting a 5.3% monthly return and a robust 16.3% quarter-to-date performance. • The Nasdaq Composite surged 8.4% in May and 25.0% quarter-to-date, driven by sustained investor enthusiasm for AI and technology stocks. • Market growth was supported by strong corporate fundamentals, as S&P 500 companies reported a significant 29% increase in Q1 2026 annual earnings.