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.
Lifetime now part of the Booster group
We're delighted to share some exciting news. On 30 October 2026, Booster became Lifetime's parent company.
First Home, Next Home or Another Property: Getting Financially Prepared
Buying a home is a major financial decision. Whether you're purchasing your first home, looking to move or considering an additional property, understanding your financial position is an important place to start.