{"id":20229,"date":"2025-05-07T03:30:53","date_gmt":"2025-05-07T03:30:53","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=20229"},"modified":"2025-05-07T03:30:53","modified_gmt":"2025-05-07T03:30:53","slug":"%e4%bb%8a%e9%80%b1%e3%81%ae%e8%a6%8b%e9%80%9a%e3%81%97-sp-500-%e3%81%ae%e5%a5%bd%e8%aa%bf%e3%81%aa%e3%82%b9%e3%82%bf%e3%83%bc%e3%83%88%e3%81%a8%e5%8e%b3%e3%81%97%e3%81%84%e4%ba%88%e6%83%b3","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/week_ahead\/20229\/","title":{"rendered":"\u4eca\u9031\u306e\u898b\u901a\u3057: S&amp;P 500 \u306e\u597d\u8abf\u306a\u30b9\u30bf\u30fc\u30c8\u3068\u53b3\u3057\u3044\u4e88\u60f3"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image_fx-2025-05-05T131240.257-1024x559.png\" alt=\"\" class=\"wp-image-20230\" srcset=\"https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image_fx-2025-05-05T131240.257-1024x559.png 1024w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image_fx-2025-05-05T131240.257-300x164.png 300w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image_fx-2025-05-05T131240.257-768x419.png 768w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image_fx-2025-05-05T131240.257-500x273.png 500w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image_fx-2025-05-05T131240.257-400x218.png 400w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image_fx-2025-05-05T131240.257-350x191.png 350w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image_fx-2025-05-05T131240.257-200x109.png 200w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image_fx-2025-05-05T131240.257.png 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u597d\u8abf\u306a\u56db\u534a\u671f\u5229\u76ca\u306f\u3057\u3070\u3057\u3070\u671f\u5f85\u3092\u63bb\u304d\u7acb\u3066\u308b\u3002\u3057\u304b\u3057\u3001\u73fe\u5728\u306e\u72b6\u6cc1\u3067\u306f\u3001\u305f\u3068\u3048\u597d\u8abf\u306a\u6c7a\u7b97\u30b7\u30fc\u30ba\u30f3\u3067\u3042\u3063\u3066\u3082\u3001\u82e5\u5e72\u306e\u4e0d\u78ba\u5b9f\u6027\u3092\u4f34\u3044\u307e\u3059\u3002 S&amp;P 500 \u306e 2025 \u5e74\u7b2c 1 \u56db\u534a\u671f\u306e\u696d\u7e3e\u306f\u3001\u8868\u9762\u7684\u306b\u306f\u9593\u9055\u3044\u306a\u304f\u5805\u8abf\u3067\u3057\u305f\u3002\u524d\u5e74\u6bd4 12.8% \u306e\u5229\u76ca\u6210\u9577\u300176% \u306e\u4f01\u696d\u304c EPS \u4e88\u60f3\u3092\u4e0a\u56de\u308a\u30017 \u56db\u534a\u671f\u9023\u7d9a\u3067\u5229\u76ca\u3092\u4e0a\u3052\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f 2 \u56db\u534a\u671f\u9023\u7d9a\u306e 2 \u6841\u6210\u9577\u3067\u3042\u308a\u3001\u795d\u8cc0\u3059\u3079\u304d\u5feb\u6319\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u6d17\u7df4\u3055\u308c\u305f\u96f0\u56f2\u6c17\u306e\u4e0b\u3067\u3001\u305f\u3081\u3089\u3044\u306e\u5146\u3057\u304c\u898b\u3048\u59cb\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Investors in the tech behemoths that dominate the S&amp;P 500 are breathing a sigh of relief after last week\u2019s earnings reports  <a href=\"https:\/\/t.co\/8hkDNtiHNT\">https:\/\/t.co\/8hkDNtiHNT<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1919017934636065277?ref_src=twsrc%5Etfw\">May 4, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>S&amp;P 500 \u4f01\u696d\u306e\u7d04 72% \u304c\u5831\u544a\u3092\u884c\u3063\u3066\u304a\u308a\u3001\u5b9f\u969b\u306b\u4e88\u60f3\u3088\u308a\u3082\u597d\u8abf\u306a\u53ce\u76ca\u304c\u5f97\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u5229\u76ca\u7387\u306f\u524d\u5e74\u306e11.8%\u304b\u308912.7%\u306b\u6539\u5584\u3057\u307e\u3057\u305f\u3002\u58f2\u4e0a\u9ad8\u3082\u5897\u52a0\u3057\u3001\u305d\u306e\u9023\u7d9a\u6210\u9577\u7387\u306f\u7b2c 18 \u56db\u534a\u671f\u307e\u3067\u7d99\u7d9a\u3055\u308c\u307e\u3057\u305f\u3002\u305f\u3060\u3057\u3001\u305d\u306e\u6210\u9577\u7387\u306f 4.8% \u3068\u63a7\u3048\u3081\u3067\u306f\u3042\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u306f 5 \u5e74\u9593\u306e\u5e73\u5747\u3067\u3042\u308b 7.0% \u3092\u4f9d\u7136\u3068\u3057\u3066\u4e0b\u56de\u3063\u3066\u3044\u307e\u3059\u3002\u901a\u4fe1\u30b5\u30fc\u30d3\u30b9\u3068\u30d8\u30eb\u30b9\u30b1\u30a2\u306e\u5927\u624b\u4f01\u696d\u304c\u696d\u7e3e\u3092\u727d\u5f15\u3057\u3001\u30e1\u30bf\u3001\u30a2\u30eb\u30d5\u30a1\u30d9\u30c3\u30c8\u3001\u30de\u30a4\u30af\u30ed\u30bd\u30d5\u30c8\u3001\u30d6\u30ea\u30b9\u30c8\u30eb\u30fb\u30de\u30a4\u30e4\u30fc\u30ba \u30b9\u30af\u30a4\u30d6\u304c\u4e88\u60f3\u3092\u4e0a\u56de\u3063\u305f\u3002\u5f7c\u3089\u306e\u5f37\u3055\u306f\u3001\u4ed6\u306e\u5206\u91ce\u306e\u5f31\u3055\u3092\u8986\u3044\u96a0\u3059\u306e\u306b\u5f79\u7acb\u3061\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u7279\u306b\u30a8\u30cd\u30eb\u30ae\u30fc\u90e8\u9580\u306f\u69d8\u76f8\u304c\u7570\u306a\u308a\u3001\u4e3b\u306b\u539f\u6cb9\u4fa1\u683c\u306e\u6291\u5236\u306b\u3088\u308a\u3001\u5229\u76ca\u306f\u524d\u5e74\u6bd4-14.4%\u7e2e\u5c0f\u3057\u305f\u3002\u5de5\u696d\u30bb\u30af\u30bf\u30fc\u3082\u53ce\u5165\u306e\u6e1b\u5c11\u304c\u91cd\u3057\u3068\u306a\u308a\u3001\u4f4e\u8ff7\u3057\u305f\u3002\u4eca\u56de\u306f\u3001\u3053\u308c\u3089\u306e\u30bb\u30af\u30bf\u30fc\u56fa\u6709\u306e\u5f31\u70b9\u304c\u3044\u3064\u3082\u4ee5\u4e0a\u306b\u5927\u304d\u304f\u5f71\u97ff\u3057\u305f\u3002\u306a\u305c\u306a\u3089\u3001\u3053\u308c\u3089\u306e\u5206\u91ce\u304c\u3001\u4eca\u5f8c\u306e\u52d5\u5411\u306b\u6700\u3082\u8106\u5f31\u306a\u5206\u91ce\u3060\u304b\u3089\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">\u671f\u5f85\u3055\u308c\u308b\u3053\u3068<\/h2>\n\n\n\n<p>\u7b2c 2 \u56db\u534a\u671f\u306b\u5411\u3051\u3066\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u306f\u3088\u308a\u614e\u91cd\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002 3 \u6708 31 \u65e5\u4ee5\u964d\u3001\u7b2c 2 \u56db\u534a\u671f\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u53ce\u76ca\u4e88\u60f3\u306f -2.4% \u5f15\u304d\u4e0b\u3052\u3089\u308c\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u901a\u5e38\u306e\u6539\u8a02\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3053\u308c\u306f\u3001\u904e\u53bb5 \u5e74 (-1.8%) \u304a\u3088\u3073 10 \u5e74 (-1.6%) \u306e\u5e73\u5747\u5024\u4e0b\u304c\u308a\u7387\u3088\u308a\u3082\u6025\u3067\u3059\u3002\u5f15\u304d\u4e0b\u3052\u5e45\u306e\u62e1\u5927\u306f\u3001\u30de\u30fc\u30b8\u30f3\u306e\u5727\u7e2e\u3001\u9700\u8981\u306e\u4f4e\u8ff7\u3001\u305d\u3057\u3066\u4f55\u3088\u308a\u3082\u95a2\u7a0e\u66f4\u65b0\u306e\u5dee\u3057\u8feb\u3063\u305f\u8105\u5a01\u306b\u5bfe\u3059\u308b\u61f8\u5ff5\u306e\u9ad8\u307e\u308a\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u3002\u30a8\u30cd\u30eb\u30ae\u30fc\u5229\u76ca\u4e88\u60f3\u306f-14.8%\u4e0b\u65b9\u4fee\u6b63\u3055\u308c\u3001\u7d20\u6750\u30bb\u30af\u30bf\u30fc\u306f-11.9%\u306e\u6253\u6483\u3092\u53d7\u3051\u305f\u3002\u5de5\u696d\u30bb\u30af\u30bf\u30fc\u3082\u514d\u308c\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u4e0a\u65b9\u4fee\u6b63\u304c\u3042\u3063\u305f\u306e\u306f 2 \u3064\u306e\u30bb\u30af\u30bf\u30fc\u306e\u307f\u3067\u3059\u3002\u516c\u76ca\u4e8b\u696d\u304c +0.8% \u3068\u308f\u305a\u304b\u306a\u5897\u52a0\u3001\u901a\u4fe1\u30b5\u30fc\u30d3\u30b9\u304c +1.4% \u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u8abf\u6574\u306f\u308f\u305a\u304b\u3067\u3042\u308a\u3001\u3088\u308a\u5e83\u7bc4\u306a\u6307\u6570\u5168\u4f53\u3067\u306e\u5c06\u6765\u306e\u671f\u5f85\u304c\u3044\u304b\u306b\u8106\u5f31\u3067\u3042\u308b\u304b\u3092\u6d6e\u304d\u5f6b\u308a\u306b\u3059\u308b\u3060\u3051\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4eca\u5e74\u6b8b\u308a\u306e EPS \u4e88\u6e2c\u306f\u673a\u4e0a\u3067\u306f\u614e\u91cd\u306a\u304c\u3089\u3082\u697d\u89b3\u7684\u306a\u898b\u901a\u3057\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u3002\u30a2\u30ca\u30ea\u30b9\u30c8\u306f\u30012025\u5e74\u7b2c2\u56db\u534a\u671f\u306eEPS\u304c5.7%\u5897\u52a0\u3001\u7b2c3\u56db\u534a\u671f\u304c7.8%\u5897\u52a0\u3001\u7b2c4\u56db\u534a\u671f\u304c7.1%\u5897\u52a0\u3059\u308b\u3068\u4e88\u60f3\u3057\u3066\u304a\u308a\u3001\u901a\u5e74\u3067\u306f9.5%\u3068\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u3089\u306e\u6570\u5b57\u306f\u4f9d\u7136\u3068\u3057\u3066\u6210\u9577\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u7b2c 1 \u56db\u534a\u671f\u306e 12.8% \u306e\u4f38\u3073\u3068\u6bd4\u8f03\u3059\u308b\u3068\u3001\u660e\u3089\u304b\u306b\u52e2\u3044\u304c\u5931\u308f\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u8edf\u5316\u8ecc\u9053\u306f\u3001\u7279\u306b\u30de\u30af\u30ed\u7d4c\u6e08\u8981\u56e0\u304c\u60aa\u5316\u3057\u305f\u5834\u5408\u306b\u3001\u682a\u5f0f\u5e02\u5834\u306b\u3088\u308a\u591a\u304f\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30ea\u30b9\u30af\u3092\u3082\u305f\u3089\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u306a\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u3082\u95a2\u308f\u3089\u305a\u3001S&amp;P 500 \u6307\u6570\u306e\u4e88\u60f3 PER \u306f 20.2 \u500d\u3067\u30015 \u5e74\u5e73\u5747\u306e 19.9 \u500d\u3084 10 \u5e74\u5e73\u5747\u306e 18.3 \u500d\u3092\u4e0a\u56de\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306e\u4e0a\u6607\u306f\u3001\u5e02\u5834\u304c\u5e74\u9593\u3092\u901a\u3057\u3066\u3001\u305d\u3057\u3066 11.1% \u306e EPS \u6210\u9577\u304c\u4e88\u60f3\u3055\u308c\u308b 2026 \u5e74\u306b\u81f3\u308b\u307e\u3067\u306e\u56de\u5fa9\u529b\u3092\u4f9d\u7136\u3068\u3057\u3066\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u7e54\u308a\u8fbc\u307f\u306b\u3088\u3063\u3066\u3001\u7279\u306b\u4e16\u754c\u8cbf\u6613\u306e\u5f71\u97ff\u3092\u53d7\u3051\u308b\u30bb\u30af\u30bf\u30fc\u3067\u306f\u3001\u6307\u6570\u306f\u671f\u5f85\u5916\u308c\u306b\u9665\u308a\u3084\u3059\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u8a55\u4fa1\u306f\u4f9d\u7136\u3068\u3057\u3066\u5206\u304b\u308c\u3066\u3044\u308b\u3002\u305d\u306e\u3046\u3061\u306e56\uff05\u304c\u300c\u8cb7\u3044\u300d\u6d3e\u3067\u3001\u53ce\u76ca\u306e\u5927\u5e45\u306a\u843d\u3061\u8fbc\u307f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u901a\u4fe1\u30b5\u30fc\u30d3\u30b9\u3084\u60c5\u5831\u6280\u8853\u3068\u4e26\u3093\u3067\u30a8\u30cd\u30eb\u30ae\u30fc\u90e8\u9580\u306e\u5f37\u6c17\u306a\u59ff\u52e2\u304c\u4f9d\u7136\u3068\u3057\u3066\u5f37\u3044\u3002\u5168\u4f53\u7684\u306a\u76ee\u6a19\u682a\u4fa1\u306f\u3001\u73fe\u5728\u306e\u6c34\u6e96\u304b\u3089 17% \u4e0a\u6607\u3059\u308b\u53ef\u80fd\u6027\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u597d\u8ee2\u306f\u3001\u660e\u3089\u304b\u306b\u53ce\u76ca\u304c\u920d\u5316\u3057\u3066\u3044\u308b\u74b0\u5883\u306e\u4e2d\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u4f01\u696d\u304c\u305d\u308c\u3089\u306e\u4e88\u6e2c\u3092\u9054\u6210\u3059\u308b\u304b\u3001\u305d\u308c\u3092\u4e0a\u56de\u308b\u304b\u3069\u3046\u304b\u306b\u5927\u304d\u304f\u4f9d\u5b58\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u30bb\u30af\u30bf\u30fc\u304c\u5546\u54c1\u4fa1\u683c\u306e\u4e0b\u843d\u3068\u5730\u653f\u5b66\u7684\u306a\u4e0d\u78ba\u5b9f\u6027\u3068\u3044\u3046\u4e8c\u91cd\u306e\u5727\u529b\u3092\u4e57\u308a\u8d8a\u3048\u7d9a\u3051\u308b\u4e2d\u3001\u6ce8\u610f\u6df1\u304f\u76e3\u8996\u3059\u308b\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u3002\u4e00\u65b9\u3001\u95a2\u7a0e\u304c\u4e0a\u6607\u3057\u6d88\u8cbb\u8005\u5fc3\u7406\u304c\u51b7\u3048\u8fbc\u307f\u59cb\u3081\u308c\u3070\u3001\u6d88\u8cbb\u8ca1\u4f01\u696d\u3084\u88fd\u9020\u696d\u3082\u5727\u8feb\u3092\u611f\u3058\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">\u4eca\u9031\u306e\u5e02\u5834\u306e\u52d5\u304d<\/h2>\n\n\n\n<p>\u7b2c 1 \u56db\u534a\u671f\u306e\u597d\u8abf\u306a\u7d50\u679c\u3092\u53d7\u3051\u3066\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u304c\u63fa\u3089\u304e\u59cb\u3081\u3066\u3044\u308b\u305f\u3081\u3001\u4fa1\u683c\u52d5\u5411\u304c\u4f55\u3092\u660e\u3089\u304b\u306b\u3059\u308b\u304b\u306b\u7126\u70b9\u3092\u79fb\u3057\u307e\u3059\u3002\u5e02\u5834\u306f\u7269\u8a9e\u3088\u308a\u5148\u306b\u52d5\u304f\u3053\u3068\u304c\u591a\u304f\u3001\u4e3b\u8981\u306a\u30ec\u30d9\u30eb\u3068\u4fdd\u3061\u5408\u3044\u30be\u30fc\u30f3\u3092\u5206\u6790\u3059\u308b\u3053\u3068\u3067\u3001\u4e0a\u6607\u304c\u7d9a\u304f\u304b\u8abf\u6574\u7684\u306a\u4e0b\u843d\u304c\u7d9a\u304f\u304b\u306b\u304b\u304b\u308f\u3089\u305a\u3001\u6b21\u306e\u52d5\u304d\u306b\u3088\u308a\u3088\u304f\u5099\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image-1024x495-1.png\" alt=\"\" class=\"wp-image-21296\" \/><\/figure>\n\n\n\n<p>\u70ba\u66ff\u5e02\u5834\u3067\u306f\u7c73\u30c9\u30eb\u6307\u6570\uff08USDX\uff09\u304c98.80\u570f\u304b\u3089\u4e0a\u6607\u5e45\u3092\u5e83\u3052\u305f\u3002\u73fe\u5728\u306e\u4fa1\u683c\u52d5\u5411\u306f100.60\u4ed8\u8fd1\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u3053\u3053\u3067\u306e\u5024\u56fa\u3081\u306e\u53ef\u80fd\u6027\u306b\u6ce8\u76ee\u3057\u3066\u3044\u307e\u3059\u3002\u30b5\u30dd\u30fc\u30c8\u304c\u7dad\u6301\u3055\u308c\u308c\u3070\u3001\u6307\u6570\u306f\u3055\u3089\u306b\u4f38\u3073\u3066102.00\u3092\u8a66\u3059\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u30c9\u30eb\u9ad8\u306f\u3001\u7279\u306b\u6295\u8cc7\u5bb6\u304c\u9577\u671f\u91d1\u5229\u306e\u9577\u671f\u5316\u3084\u65b0\u305f\u306a\u95a2\u7a0e\u306e\u9006\u98a8\u3092\u7e54\u308a\u8fbc\u307f\u59cb\u3081\u305f\u5834\u5408\u3001\u30ea\u30b9\u30af\u8cc7\u7523\u3068\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e\u4e21\u65b9\u306b\u5727\u529b\u3092\u52a0\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p>EUR\/USD\u306f\u5f15\u304d\u7d9a\u304d\u4e0b\u843d\u3057\u3066\u304a\u308a\u3001\u4fa1\u683c\u306f\u73fe\u57281.1200\u306e\u30b5\u30dd\u30fc\u30c8\u30be\u30fc\u30f3\u306b\u5411\u304b\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u3053\u3067\u5b89\u5b9a\u3059\u200b\u200b\u308c\u3070\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u6b21\u306f1.0970\u3078\u306e\u65b9\u5411\u6027\u3092\u6a21\u7d22\u3059\u308b\u3060\u308d\u3046\u3002 GBP\/USD \u3082\u540c\u69d8\u306e\u72b6\u6cc1\u3092\u63cf\u3044\u3066\u304a\u308a\u3001\u4e0b\u843d\u3057\u3066\u53d6\u5f15\u3055\u308c\u3066\u304a\u308a\u3001\u6b21\u306e\u4e3b\u8981\u30ec\u30d9\u30eb\u3068\u3057\u3066 1.3145 \u306b\u8fd1\u3065\u3044\u3066\u3044\u307e\u3059\u3002\u30c9\u30eb\u9ad8\u304c\u7d9a\u3051\u3070\u3001\u3053\u308c\u3089\u306e\u901a\u8ca8\u30da\u30a2\u306f\u3057\u3070\u3089\u304f\u5b88\u308a\u306e\u59ff\u52e2\u304c\u7d9a\u304f\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image-1-1024x495-1.png\" alt=\"\" class=\"wp-image-21297\" \/><\/figure>\n\n\n\n<p>USD\/JPY\u306f\u518d\u3073\u4e0a\u6607\u3057\u3066\u304a\u308a\u3001\u73fe\u5728146.60\u306b\u5411\u3051\u3066\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u30ec\u30d9\u30eb\u3092\u8d85\u3048\u3066\u7dad\u6301\u3055\u308c\u308b\u5834\u5408\u3001\u6b21\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306f149.15\u4ed8\u8fd1\u306b\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u901a\u8ca8\u30da\u30a2\u306e\u4fa1\u683c\u52d5\u5411\u306f\u5e83\u7bc4\u306a\u5186\u5b89\u3092\u53cd\u6620\u3057\u3066\u304a\u308a\u3001\u65e5\u672c\u306e\u653f\u7b56\u306e\u76f8\u9055\u3068\u5b89\u5168\u8cc7\u7523\u306e\u6d41\u51fa\u306b\u95a2\u9023\u3057\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u30b9\u30a4\u30b9\u30d5\u30e9\u30f3\u3082\u4e0b\u843d\u3057\u3066\u304a\u308a\u3001\u7c73\u30c9\u30eb\/\u30b9\u30a4\u30b9\u30d5\u30e9\u30f3\u306f\u4e0a\u6607\u3092\u518d\u958b\u3057\u3001\u73fe\u5728\u306f0.8530\u30d5\u30e9\u30f3\u304c\u6ce8\u76ee\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3001AUD\/USD\u306f0.6460\u30a8\u30ea\u30a2\u3092\u518d\u30c6\u30b9\u30c8\u3057\u3066\u3044\u308b\u3002\u4fa1\u683c\u304c\u6025\u9a30\u3057\u305f\u5834\u5408\u3001\u5f37\u6c17\u6d3e\u306f0.6480\u307e\u305f\u306f0.6520\u4ed8\u8fd1\u306e\u62b5\u6297\u7dda\u306b\u6ce8\u76ee\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u4e0b\u5024\u9762\u3067\u306f\u30010.6385\u304c\u4f9d\u7136\u3068\u3057\u3066\u6ce8\u76ee\u3059\u3079\u304d\u91cd\u8981\u306a\u30ec\u30d9\u30eb\u3067\u3042\u308b\u3002 NZD\/USD\u306f\u82e5\u5e72\u6d3b\u767a\u3067\u30010.5910\u30be\u30fc\u30f3\u304b\u3089\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u672c\u5f53\u306e\u52e2\u3044\u3092\u78ba\u8a8d\u3059\u308b\u306b\u306f\u3001\u4fa1\u683c\u304c0.5986\u307e\u305f\u306f0.6000\u306e\u30ec\u30d9\u30eb\u3092\u8d85\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u58f2\u308a\u624b\u304c\u4ee3\u308f\u308a\u306b\u623b\u3063\u305f\u5834\u5408\u3001\u6b21\u306b\u8003\u3048\u3089\u308c\u308b\u306e\u306f 0.5870 \u3067\u3059\u3002<\/p>\n\n\n\n<p>USD\/CAD\u306f1.3755\u306e\u30b5\u30dd\u30fc\u30c8\u304b\u3089\u53cd\u767a\u3057\u3066\u304a\u308a\u3001\u3053\u306e\u30ec\u30d9\u30eb\u306f\u73fe\u5728\u8907\u6570\u56de\u4e0b\u5024\u3068\u3057\u3066\u6a5f\u80fd\u3057\u3066\u3044\u307e\u3059\u3002\u4fa1\u683c\u304c\u518d\u3073\u4e0a\u6607\u306b\u8ee2\u3058\u305f\u5834\u5408\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u306f1.3910\u307e\u305f\u306f1.3945\u306e\u62b5\u6297\u7dda\u306b\u6ce8\u76ee\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3053\u306e\u52d5\u304d\u304c\u5b9a\u7740\u3057\u306a\u3044\u5834\u5408\u306f\u30011.3710 \u304c\u6b21\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u30ab\u30ca\u30c0\u30c9\u30eb\u306e\u4e0b\u843d\u306f\u539f\u6cb9\u4fa1\u683c\u306e\u4e0b\u843d\u3068\u9023\u52d5\u3059\u308b\u3053\u3068\u304c\u591a\u3044\u305f\u3081\u3001\u76f8\u95a2\u95a2\u4fc2\u306f\u4f9d\u7136\u3068\u3057\u3066\u5b58\u5728\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image-2-1024x550-1.png\" alt=\"\" class=\"wp-image-21298\" \/><\/figure>\n\n\n\n<p>\u539f\u6cb9\u306b\u306f\u5727\u529b\u304c\u304b\u304b\u3063\u305f\u307e\u307e\u3067\u3059\u3002\u30a6\u30a7\u30b9\u30c8\u30fb\u30c6\u30ad\u30b5\u30b9\u30fb\u30a4\u30f3\u30bf\u30fc\u30df\u30c7\u30a3\u30a8\u30a4\u30c8\uff08USOil\uff09\u306f\u5f15\u304d\u7d9a\u304d\u4e0b\u843d\u50be\u5411\u306b\u3042\u308a\u3001\u4e3b\u8981\u306a58.30\u30ec\u30d9\u30eb\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002\u3053\u3053\u3067\u4e00\u6642\u505c\u6b62\u307e\u305f\u306f\u4fdd\u3061\u5408\u3044\u304c\u3042\u308c\u3070\u3001\u65b0\u305f\u306a\u5f31\u6c17\u30bb\u30c3\u30c8\u30a2\u30c3\u30d7\u3078\u306e\u6249\u304c\u958b\u304f\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u52e2\u3044\u304c\u5b89\u5b9a\u3057\u306a\u3044\u5834\u5408\u306f53.00\u304c\u6b21\u306e\u4e3b\u8981\u306a\u4e0b\u5024\u76ee\u6a19\u3068\u306a\u308b\u3002\u77f3\u6cb9\u306e\u4e0b\u843d\u306f\u30a8\u30cd\u30eb\u30ae\u30fc\u90e8\u9580\u3067\u898b\u3089\u308c\u308b\u53ce\u76ca\u306e\u7e2e\u5c0f\u3068\u5bc6\u63a5\u306b\u9023\u52d5\u3057\u3066\u304a\u308a\u3001\u3053\u306e\u5f31\u6c17\u76f8\u5834\u3092\u3055\u3089\u306b\u91cd\u304f\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u306f3,300\u30c9\u30eb\u4ee5\u4e0b\u3067\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001\u9591\u6563\u3068\u3057\u3066\u3044\u308b\u3002\u4fdd\u3061\u5408\u3044\u30d1\u30bf\u30fc\u30f3\u306e\u5f62\u6210\u304c\u898b\u3089\u308c\u308b\u5834\u5408\u3001\u5f31\u6c17\u30bb\u30c3\u30c8\u30a2\u30c3\u30d7\u304c\u3053\u306e\u30ec\u30d9\u30eb\u3092\u4e0b\u56de\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u4e16\u754c\u7684\u306a\u4e0d\u78ba\u5b9f\u6027\u3068\u4e2d\u592e\u9280\u884c\u306e\u767a\u8a00\u306e\u8edf\u5316\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u91d1\u306f\u6700\u8fd1\u3001\u9ad8\u5024\u3092\u7dad\u6301\u3059\u308b\u306e\u306b\u82e6\u52b4\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u5b89\u5168\u306a\u907f\u96e3\u5834\u6240\u304b\u3089\u30ea\u30b9\u30af\u8cc7\u7523\u3078\u306e\u30b7\u30d5\u30c8\u3092\u884c\u3063\u3066\u3044\u308b\u304b\u3001\u3042\u308b\u3044\u306f\u5358\u306b\u3088\u308a\u660e\u78ba\u306a\u65b9\u5411\u6027\u306e\u5408\u56f3\u3092\u5f85\u3063\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2025\/05\/image-3-1024x548-1.png\" alt=\"\" class=\"wp-image-21299\" \/><\/figure>\n\n\n\n<p>S&amp;P 500 \u306f\u5148\u9031\u4e0a\u6607\u3057\u30015610 \u30ec\u30d9\u30eb\u3092\u8d85\u3048\u307e\u3057\u305f\u3002\u3053\u306e\u4e0a\u6607\u306f\u3001\u7b2c 1 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class=\"wp-block-heading has-medium-font-size\">\u4eca\u9031\u306e\u4e3b\u306a\u30a4\u30d9\u30f3\u30c8<\/h2>\n\n\n\n<p>\u53ce\u76ca\u304c\u4e00\u6bb5\u843d\u3057\u3001\u30de\u30af\u30ed\u3078\u306e\u7126\u70b9\u304c\u623b\u308b\u4e2d\u3001\u7279\u306b\u3059\u3067\u306b\u30a4\u30f3\u30d5\u30ec\u30ea\u30b9\u30af\u3001\u4e16\u754c\u6210\u9577\u306e\u920d\u5316\u3001\u4e3b\u8981\u30bb\u30af\u30bf\u30fc\u5168\u4f53\u306e\u8106\u5f31\u306a\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u3068\u683c\u95d8\u3057\u3066\u3044\u308b\u5e02\u5834\u3067\u306f\u3001\u5b9a\u4f8b\u7684\u306a\u30c7\u30fc\u30bf\u767a\u8868\u3084\u653f\u7b56\u4f1a\u5408\u3067\u3055\u3048\u6ce2\u53ca\u52b9\u679c\u3092\u3082\u305f\u3089\u3059\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>5 \u6708 5 \u65e5\u6708\u66dc\u65e5\u3001\u7c73\u56fd ISM \u30b5\u30fc\u30d3\u30b9 PMI \u306f\u305d\u306e\u9031\u306e\u8abf\u5b50\u3092\u793a\u3059\u521d\u671f\u306e\u30b7\u30b0\u30ca\u30eb\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002\u540c\u6307\u6570\u306f\uff15\uff10\uff0e\uff18\u304b\u3089\u82e5\u5e72\u4f4e\u4e0b\u3057\u3001\uff15\uff10\uff0e\uff12\u306b\u306a\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b\u3002\u305d\u306e\u5dee\u306f\u5c0f\u3055\u3044\u3088\u3046\u306b\u898b\u3048\u307e\u3059\u304c\u300150 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129,000 \u3067\u3001\u3053\u308c\u307e\u3067\u306e 228,000 \u3092\u5927\u5e45\u306b\u4e0b\u56de\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u5931\u696d\u7387\u306f 4.2% \u306b\u3068\u3069\u307e\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u91cd\u8981\u306a\u5909\u66f2\u70b9\u3092\u793a\u3057\u307e\u3059\u3002\u96c7\u7528\u306e\u4f38\u3073\u304c\u518d\u3073\u6025\u843d\u3059\u308c\u3070\u3001\u52b4\u50cd\u5e02\u5834\u304c\u3064\u3044\u306b\u8edf\u5316\u3057\u3064\u3064\u3042\u308b\u3068\u3044\u3046\u898b\u65b9\u304c\u5f37\u307e\u308a\u3001\u5229\u4e0b\u3052\u3078\u306e\u671f\u5f85\u304c\u518d\u3073\u9ad8\u307e\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u5931\u696d\u7387\u304c\u3055\u3089\u306b\u4e0a\u6607\u3059\u308c\u3070\u3001\u5e02\u5834\u306f\u9700\u8981\u6e1b\u9000\u306b\u76f4\u9762\u3057\u3066\u53ce\u76ca\u529b\u306e\u6301\u7d9a\u6027\u3092\u518d\u8a55\u4fa1\u3057\u59cb\u3081\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u79c1\u305f\u3061\u306f\u3053\u308c\u3089\u3059\u3079\u3066\u306e\u5c55\u958b\u3092\u614e\u91cd\u306a\u8996\u70b9\u3067\u898b\u5b88\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u51fa\u6765\u4e8b\u306f\u3044\u305a\u308c\u3082\u3001\u305d\u308c\u81ea\u4f53\u304c\u7279\u5225\u306a\u304d\u3063\u304b\u3051\u3068\u306a\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u7dcf\u5408\u3059\u308b\u3068\u3001\u7279\u306b\u53ce\u76ca\u898b\u901a\u3057\u306e\u4e0b\u65b9\u4fee\u6b63\u306b\u3088\u3063\u3066\u3059\u3067\u306b\u5727\u529b\u3092\u53d7\u3051\u3066\u3044\u308b\u30bb\u30af\u30bf\u30fc\u306b\u304a\u3044\u3066\u3001\u30ea\u30b9\u30af\u306e\u30d0\u30e9\u30f3\u30b9\u304c\u5909\u5316\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u9ad8\u307e\u308a\u3001\u5e02\u5834\u304c\u4e3b\u8981\u306a\u30c6\u30af\u30cb\u30ab\u30eb\u6c34\u6e96\u3092\u8a66\u3059\u4e2d\u3001\u6700\u3082\u91cd\u8981\u306b\u306a\u308b\u306e\u306f\u30c7\u30fc\u30bf\u3068\u58f0\u660e\u306e\u884c\u9593\u306b\u3042\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u30e9\u30a4\u30d6 VT Markets \u30a2\u30ab\u30a6\u30f3\u30c8\u3092\u4f5c\u6210\u3057\u3066\u3001\u4eca\u3059\u3050\u53d6\u5f15\u3092\u958b\u59cb\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u597d\u8abf\u306a\u56db\u534a\u671f\u5229\u76ca\u306f\u3057\u3070\u3057\u3070\u671f\u5f85\u3092\u63bb\u304d\u7acb\u3066\u308b\u3002\u3057\u304b\u3057\u3001\u73fe\u5728\u306e\u72b6\u6cc1\u3067\u306f\u3001\u305f\u3068\u3048\u597d\u8abf\u306a\u6c7a\u7b97\u30b7\u30fc\u30ba\u30f3\u3067\u3042\u3063\u3066\u3082\u3001\u82e5\u5e72\u306e\u4e0d\u78ba\u5b9f\u6027\u3092\u4f34\u3044\u307e\u3059\u3002 S&amp;P 500 \u306e 2025 \u5e74\u7b2c 1 \u56db\u534a\u671f\u306e\u696d\u7e3e\u306f\u3001\u8868\u9762\u7684\u306b\u306f\u9593\u9055\u3044\u306a\u304f\u5805\u8abf\u3067\u3057\u305f\u3002\u524d\u5e74\u6bd4 12.8% \u306e\u5229\u76ca\u6210\u9577\u300176% \u306e\u4f01\u696d\u304c EPS \u4e88\u60f3\u3092\u4e0a\u56de\u308a\u30017 \u56db\u534a\u671f\u9023\u7d9a\u3067\u5229\u76ca\u3092\u4e0a\u3052\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f 2 \u56db\u534a\u671f\u9023\u7d9a\u306e 2 \u6841\u6210\u9577\u3067\u3042\u308a\u3001\u795d\u8cc0\u3059\u3079\u304d\u5feb\u6319\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u6d17\u7df4\u3055\u308c\u305f\u96f0\u56f2\u6c17\u306e\u4e0b\u3067\u3001\u305f\u3081\u3089\u3044\u306e\u5146\u3057\u304c\u898b\u3048\u59cb\u3081\u3066\u3044\u307e\u3059\u3002 S&amp;P 500 \u4f01\u696d\u306e\u7d04 72% \u304c\u5831\u544a\u3092\u884c\u3063\u3066\u304a\u308a\u3001\u5b9f\u969b\u306b\u4e88\u60f3\u3088\u308a\u3082\u597d\u8abf\u306a\u53ce\u76ca\u304c\u5f97\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u5229\u76ca\u7387\u306f\u524d\u5e74\u306e11.8%\u304b\u308912.7%\u306b\u6539\u5584\u3057\u307e\u3057\u305f\u3002\u58f2\u4e0a\u9ad8\u3082\u5897\u52a0\u3057\u3001\u305d\u306e\u9023\u7d9a\u6210\u9577\u7387\u306f\u7b2c 18 \u56db\u534a\u671f\u307e\u3067\u7d99\u7d9a\u3055\u308c\u307e\u3057\u305f\u3002\u305f\u3060\u3057\u3001\u305d\u306e\u6210\u9577\u7387\u306f 4.8% \u3068\u63a7\u3048\u3081\u3067\u306f\u3042\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u306f 5 \u5e74\u9593\u306e\u5e73\u5747\u3067\u3042\u308b 7.0% \u3092\u4f9d\u7136\u3068\u3057\u3066\u4e0b\u56de\u3063\u3066\u3044\u307e\u3059\u3002\u901a\u4fe1\u30b5\u30fc\u30d3\u30b9\u3068\u30d8\u30eb\u30b9\u30b1\u30a2\u306e\u5927\u624b\u4f01\u696d\u304c\u696d\u7e3e\u3092\u727d\u5f15\u3057\u3001\u30e1\u30bf\u3001\u30a2\u30eb\u30d5\u30a1\u30d9\u30c3\u30c8\u3001\u30de\u30a4\u30af\u30ed\u30bd\u30d5\u30c8\u3001\u30d6\u30ea\u30b9\u30c8\u30eb\u30fb\u30de\u30a4\u30e4\u30fc\u30ba \u30b9\u30af\u30a4\u30d6\u304c\u4e88\u60f3\u3092\u4e0a\u56de\u3063\u305f\u3002\u5f7c\u3089\u306e\u5f37\u3055\u306f\u3001\u4ed6\u306e\u5206\u91ce\u306e\u5f31\u3055\u3092\u8986\u3044\u96a0\u3059\u306e\u306b\u5f79\u7acb\u3061\u307e\u3057\u305f\u3002 \u7279\u306b\u30a8\u30cd\u30eb\u30ae\u30fc\u90e8\u9580\u306f\u69d8\u76f8\u304c\u7570\u306a\u308a\u3001\u4e3b\u306b\u539f\u6cb9\u4fa1\u683c\u306e\u6291\u5236\u306b\u3088\u308a\u3001\u5229\u76ca\u306f\u524d\u5e74\u6bd4-14.4%\u7e2e\u5c0f\u3057\u305f\u3002\u5de5\u696d\u30bb\u30af\u30bf\u30fc\u3082\u53ce\u5165\u306e\u6e1b\u5c11\u304c\u91cd\u3057\u3068\u306a\u308a\u3001\u4f4e\u8ff7\u3057\u305f\u3002\u4eca\u56de\u306f\u3001\u3053\u308c\u3089\u306e\u30bb\u30af\u30bf\u30fc\u56fa\u6709\u306e\u5f31\u70b9\u304c\u3044\u3064\u3082\u4ee5\u4e0a\u306b\u5927\u304d\u304f\u5f71\u97ff\u3057\u305f\u3002\u306a\u305c\u306a\u3089\u3001\u3053\u308c\u3089\u306e\u5206\u91ce\u304c\u3001\u4eca\u5f8c\u306e\u52d5\u5411\u306b\u6700\u3082\u8106\u5f31\u306a\u5206\u91ce\u3060\u304b\u3089\u3067\u3059\u3002 \u671f\u5f85\u3055\u308c\u308b\u3053\u3068 \u7b2c 2 \u56db\u534a\u671f\u306b\u5411\u3051\u3066\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u306f\u3088\u308a\u614e\u91cd\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002 3 \u6708 31 \u65e5\u4ee5\u964d\u3001\u7b2c 2 \u56db\u534a\u671f\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u53ce\u76ca\u4e88\u60f3\u306f -2.4% \u5f15\u304d\u4e0b\u3052\u3089\u308c\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u901a\u5e38\u306e\u6539\u8a02\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3053\u308c\u306f\u3001\u904e\u53bb5 \u5e74 (-1.8%) \u304a\u3088\u3073 10 \u5e74 (-1.6%) \u306e\u5e73\u5747\u5024\u4e0b\u304c\u308a\u7387\u3088\u308a\u3082\u6025\u3067\u3059\u3002\u5f15\u304d\u4e0b\u3052\u5e45\u306e\u62e1\u5927\u306f\u3001\u30de\u30fc\u30b8\u30f3\u306e\u5727\u7e2e\u3001\u9700\u8981\u306e\u4f4e\u8ff7\u3001\u305d\u3057\u3066\u4f55\u3088\u308a\u3082\u95a2\u7a0e\u66f4\u65b0\u306e\u5dee\u3057\u8feb\u3063\u305f\u8105\u5a01\u306b\u5bfe\u3059\u308b\u61f8\u5ff5\u306e\u9ad8\u307e\u308a\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u3002\u30a8\u30cd\u30eb\u30ae\u30fc\u5229\u76ca\u4e88\u60f3\u306f-14.8%\u4e0b\u65b9\u4fee\u6b63\u3055\u308c\u3001\u7d20\u6750\u30bb\u30af\u30bf\u30fc\u306f-11.9%\u306e\u6253\u6483\u3092\u53d7\u3051\u305f\u3002\u5de5\u696d\u30bb\u30af\u30bf\u30fc\u3082\u514d\u308c\u3066\u3044\u306a\u3044\u3002 \u4e0a\u65b9\u4fee\u6b63\u304c\u3042\u3063\u305f\u306e\u306f 2 \u3064\u306e\u30bb\u30af\u30bf\u30fc\u306e\u307f\u3067\u3059\u3002\u516c\u76ca\u4e8b\u696d\u304c <a href=\"https:\/\/www.vtmarkets.com\/jp-asia\/week_ahead\/20229\/\" 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