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.
Financial Planning: Mapping Out Your Financial Goals
When was the last time you sat down and not only set some goals, but mapped out the best way to ensure they are achieved? Goal modelling is more than just financial planning - it’s a roadmap to achieving what truly matters to you. It’s getting answers on what you could be achieving in life, and the best way to get there.
At Lifetime, we go beyond just the numbers to understand your life stages, your aspirations and your personal values.
Staying Cyber Smart
At Lifetime, looking after your financial wellbeing includes helping you stay safe online. Lately, we’ve seen an increase in online scam attempts across the financial sector here in New Zealand, so we thought this was a good time to share a few friendly reminders on how you can stay protected.