Market & Portfolio Update: May 2026
Global share markets delivered strong performance in May, with the United States leading the way. The S&P 500 rose approximately 5.3% in local currency (USD) terms, supported by strong corporate earnings results and continued investment in artificial intelligence.
Markets continued to keep a close eye on the tensions in the Middle East during May. Disruption to oil supply routes pushed energy prices higher, adding to inflation pressures across many countries. However, most markets ultimately held up reasonably well over the course of the month as tensions showed some signs of easing toward month end.
In New Zealand, the Reserve Bank held the Official Cash Rate steady at 2.25%, reflecting a difficult balancing act between rising price pressures driven largely by energy costs and a growth outlook that remains subdued.
The New Zealand Government delivered its Budget during the month, focusing on fiscal repair rather than new spending, with targeted investment in health, infrastructure and defence. The Government forecasts a return to surplus by 2028/29, earlier than previously expected.
Unlocking Financial Harmony: Navigating the Symphony of Life with Mindfulness
In the hustle and bustle of daily life, the concept of mindfulness often finds its place in discussions about mental health and stress reduction. However, its impact on financial wellbeing is a hidden gem worth exploring.
Research from the New Zealand Retirement Commission’s Money Matters 2025: The Power of Emergency Savings report highlights growing financial pressure among New Zealanders. The findings show that 56% of participants feel financially uncomfortable, while only 44% report feeling financially comfortable. Financial concerns are also increasing on a year-on-year basis, with 42% of people worried about managing finances from pay to pay this year, compared with 40% last year.
9 Financial Habits Of Successful People
Discover the secrets to financial success as we delve into the nine key habits practiced by prosperous individuals. From continuous learning and strategic investment to smart spending and insurance protection, this article offers invaluable insights to empower you on your journey towards financial freedom.