{"id":42371,"date":"2026-03-26T01:37:23","date_gmt":"2026-03-26T01:37:23","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/bnp%ed%8c%8c%eb%a6%ac%eb%b0%94-eu-%ec%a0%9c%ec%a1%b0%ec%97%85%ec%b2%b4%eb%93%a4-2026%eb%85%84-%ec%9d%b4%eb%9e%80-%ec%97%b0%ea%b3%84-%ec%97%90%eb%84%88%ec%a7%80-%ec%87%bc%ed%81%ac-%ec%a7%84\/"},"modified":"2026-03-26T01:37:23","modified_gmt":"2026-03-26T01:37:23","slug":"bnp%ed%8c%8c%eb%a6%ac%eb%b0%94-eu-%ec%a0%9c%ec%a1%b0%ec%97%85%ec%b2%b4%eb%93%a4-2026%eb%85%84-%ec%9d%b4%eb%9e%80-%ec%97%b0%ea%b3%84-%ec%97%90%eb%84%88%ec%a7%80-%ec%87%bc%ed%81%ac-%ec%a7%84","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/bnp%ed%8c%8c%eb%a6%ac%eb%b0%94-eu-%ec%a0%9c%ec%a1%b0%ec%97%85%ec%b2%b4%eb%93%a4-2026%eb%85%84-%ec%9d%b4%eb%9e%80-%ec%97%b0%ea%b3%84-%ec%97%90%eb%84%88%ec%a7%80-%ec%87%bc%ed%81%ac-%ec%a7%84\/","title":{"rendered":"BNP\ud30c\ub9ac\ubc14 \u201cEU \uc81c\uc870\uc5c5\uccb4\ub4e4, 2026\ub144 \uc774\ub780 \uc5f0\uacc4 \uc5d0\ub108\uc9c0 \uc1fc\ud06c \uc9c4\uc785\uc5d0\ub3c4 \ubd80\uc2e4\ucc44\uad8c(NPL)\ube44\uc728 \uc5ed\uc0ac\uc801 \uc800\uc810\u20262022\ub144\ubcf4\ub2e4 \uac74\uc804\u201d"},"content":{"rendered":"2026\ub144 3\uc6d4 18\uc77c \uc720\ub7fd\uc758\ud68c \uc704\uc6d0\ud68c \uccad\ubb38\ud68c\uc5d0\uc11c \ud074\ub77c\uc6b0\ub514\uc544 \ubd80\ud750(ECB \uc740\ud589\uac10\ub3c5\uc704\uc6d0\ud68c \uc758\uc7a5)\ub294 \uc740\ud589 \uc790\uc0b0 \uac74\uc804\uc131\uc774 \uc545\ud654\ub418\uc9c0 \uc54a\uc558\uace0 \ubd80\uc2e4\ucc44\uad8c(NPL, Non-Performing Loan\u00b7\uc5f0\uccb4 \ub4f1\uc73c\ub85c \uc0ac\uc2e4\uc0c1 \ud68c\uc218\uac00 \uc5b4\ub824\uc6b4 \ub300\ucd9c) \ube44\uc728\ub3c4 \uc548\uc815\uc801\uc774\ub77c\uace0 \ub9d0\ud588\ub2e4. NPL \ube44\uc728\uc740 EU\uc5d0\uc11c \ub300\ucd9c\uc744 \ubc1b\uc740 \uae30\uc5c5\ub4e4\uc758 \uc7ac\ubb34 \uc0c1\ud0dc\ub97c \uac04\uc811\uc801\uc73c\ub85c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c\ub85c, \ud2b9\ud788 \uc81c\uc870\uc5c5\uc5d0\uc11c \uc790\uc8fc \ud65c\uc6a9\ub41c\ub2e4.\n\n\ub300\ubd80\ubd84\uc758 EU \uad6d\uac00\uc5d0\uc11c \uc81c\uc870\uc5c5 NPL \ube44\uc728\uc740 \uc5ed\uc0ac\uc801\uc73c\ub85c \ub0ae\uc740 \uc218\uc900\uc774\ub2e4. \uae30\uac04 \ucd08\ubc18\uc5d0 \ube44\uc728\uc774 \ub192\uc558\ub358 \uad6d\uac00\ub294 \ub300\uccb4\ub85c \ud558\ub77d \ud3ed\ub3c4 \ucef8\ub2e4.\n\n<h3>Manufacturing Npl Trends Across The Eu<\/h3>\n\ub300\ubd80\ubd84\uc758 \uacbd\uc6b0 \uc81c\uc870\uc5c5 NPL \ube44\uc728\uc740 2019\ub144 2\ubd84\uae30(Q2)\ubd80\ud130 2025\ub144 4\ubd84\uae30(Q4)\uae4c\uc9c0 \uc808\ubc18 \uc774\uc0c1 \ud558\ub77d\ud588\ub2e4. \uac19\uc740 \uae30\uac04 \ube44\uc728\uc774 \uc624\ub978 \uad6d\uac00\ub3c4 \uc788\uc5c8\uc9c0\ub9cc \uc0c1\uc2b9 \ud3ed\uc740 \ub300\uccb4\ub85c \uc81c\ud55c\uc801\uc774\uc5c8\ub2e4.\n\n\uc81c\uc870\uc5c5 NPL \ube44\uc728\uc758 \uc804\ubc18\uc801 \ud558\ub77d\uc740 EU \uc5ec\ub7ec \uad6d\uac00\uc5d0\uc11c \uae30\uc5c5 \uc7ac\ubb34 \uac74\uc804\uc131\uc774 \uac1c\uc120\ub410\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc774\ub294 \uc81c\uc870\uc5c5\uc774 2022\ub144 \uc6b0\ud06c\ub77c\uc774\ub098 \uc804\uc7c1 \ucd08\uae30 \ub54c\ubcf4\ub2e4, \uc774\ub780 \uc804\uc7c1\uacfc \uc5f0\uacc4\ub41c 2026\ub144 \uc5d0\ub108\uc9c0 \ucda9\uaca9(\uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1\uc5d0 \ub530\ub978 \ube44\uc6a9 \uc555\ubc15)\uc744 \ud761\uc218\ud560 \uc5ec\ub825\uc774 \ub354 \ucee4\uc84c\uc744 \uc218 \uc788\uc74c\uc744 \ub73b\ud55c\ub2e4.\n\n\ub2e4\ub9cc \uc7ac\uc815 \uc5ec\uac74 \uc81c\uc57d\uc73c\ub85c \uc815\ucc45 \uc9c0\uc6d0\uc740 \uc81c\ud55c\ub420 \uc804\ub9dd\uc774\ub2e4. \ubc29\uc704\uc0b0\uc5c5, \uacf5\uacf5 \uc778\ud504\ub77c, AI \uad00\ub828 \uc218\uc8fc\uac00 \uae30\uc5c5 \ub3c4\uc0b0\uacfc \uc2e4\uc5c5\uc5d0 \ub300\ud55c \ucda9\uaca9\uc744 \uc904\uc774\ub294 \ub370 \uc77c\ubd80 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\ub2e4.\n\n\uc720\ub7fd \uc81c\uc870\uc5c5 \uae30\uc5c5\ub4e4\uc740 \uc774\ub780\ubc1c \uc2e0\uaddc \uc5d0\ub108\uc9c0 \ucda9\uaca9\uc744 \ube44\uad50\uc801 \uacac\uc870\ud55c \uc0c1\ud0dc\uc5d0\uc11c \ub9de\uace0 \uc788\ub2e4. 3\uc6d4 18\uc77c \ubd80\ud750\uc758 \ubc1c\uc5b8\ub300\ub85c \uc740\ud589 \uc790\uc0b0 \uac74\uc804\uc131\uc740 \uc548\uc815\uc801\uc774\uba70, \uc81c\uc870\uc5c5 \ubd80\ubb38 NPL \ube44\uc728\uc740 2025\ub144 \ub9d0\uae4c\uc9c0 \uc808\ubc18 \uc774\uc0c1 \ub0ae\uc544\uc84c\ub2e4. \uadf8\ub7ec\ub098 \ube0c\ub80c\ud2b8\uc720 \uc120\ubb3c(\ud5a5\ud6c4 \uc778\ub3c4\ub420 \uc6d0\uc720\ub97c \ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc5d0 \uac70\ub798\ud558\ub294 \uacc4\uc57d) \uac00\uaca9\uc774 \ubc30\ub7f4\ub2f9 115\ub2ec\ub7ec\ub97c \ub118\uc5b4 \uae09\ub4f1\ud558\uba74\uc11c, \uc774\ub7f0 \uae30\ucd08 \uccb4\ub825\uc774 \ub2e8\uae30\uac04\uc5d0 \uac15\ud558\uac8c \uc2dc\ud5d8\ub300\uc5d0 \uc624\ub97c \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4.\n\n<h3>Volatility And Hedging Trade Setups<\/h3>\n\uc774\ubc88 \uad6d\uba74\uc740 \uc2dc\uc7a5 \ubd88\ud655\uc2e4\uc131 \ud655\ub300\ub97c \uc758\ubbf8\ud574 \ubcc0\ub3d9\uc131 \ub9e4\uc218(\uac00\uaca9 \ub4f1\ub77d\uc774 \ucee4\uc9c8 \ub54c \uc774\uc775\uc744 \ubcf4\ub294 \uc804\ub7b5)\uac00 \uc720\ub9ac\ud574\uc9c8 \uc218 \uc788\ub2e4. \uc720\ub7fd\uc758 \ub300\ud45c\uc801 \uacf5\ud3ec\uc9c0\uc218\uc778 VSTOXX(\uc720\ub85c\uc874 \uc8fc\uc2dd\uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \uae30\ub300\uce58\ub97c \ubc18\uc601\ud558\ub294 \uc9c0\uc218)\uac00 \uc774\ubbf8 28\uae4c\uc9c0 \uc62c\ub77c\uc628 \ub9cc\ud07c, 2022\ub144 \ucda9\uaca9 \ub2f9\uc2dc\uc758 40 \uc774\uc0c1 \uc218\uc900\uc744 \uc7ac\ucc28 \uc2dc\ud5d8\ud560 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574 \ucf5c\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc5d0 \uc0b4 \uad8c\ub9ac)\uc774\ub098 \uc120\ubb3c(\ubbf8\ub798 \uc2dc\uc810\uc5d0 \uc815\ud55c \uac00\uaca9\uc73c\ub85c \uac70\ub798\ud558\ub294 \uacc4\uc57d) \ub9e4\uc218\ub97c \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \ub3d9\uc2dc\uc5d0 \uad11\ubc94\uc704\ud55c \uc8fc\uac00\uc9c0\uc218\uc5d0\ub294 \ud558\ubc29 \uc555\ub825\uc774 \ucee4\uc9c8 \uc218 \uc788\uc5b4, \uc720\ub85c\uc2a4\ud1a1\uc2a450(Euro Stoxx 50\u00b7\uc720\ub85c\uc874 \ub300\ud45c 50\uac1c \ub300\ud615\uc8fc\uc758 \uc9c0\uc218) \ud48b\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc5d0 \ud314 \uad8c\ub9ac)\uc744 \uc8fc\uc2dd \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \ud5e4\uc9c0(\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4) \uc218\ub2e8\uc73c\ub85c \ud65c\uc6a9\ud558\ub294 \ubc29\uc548\uc774 \uac00\ub2a5\ud558\ub2e4.\n\n\uc5c5\uc885\ubcc4 \uc601\ud5a5\uc774 \ub2ec\ub77c \uc30d\ubc29\uac70\ub798(\ud398\uc5b4 \ud2b8\ub808\uc774\ub4dc\u00b7\uc0c1\ub300\uc801\uc73c\ub85c \uac15\ud55c \uc790\uc0b0\uc744 \ub9e4\uc218\ud558\uace0 \uc57d\ud55c \uc790\uc0b0\uc744 \ub9e4\ub3c4\ud558\ub294 \uc804\ub7b5) \uae30\ud68c\ub3c4 \uc0dd\uae34\ub2e4. 3\uc6d4 24\uc77c \ubc1c\ud45c\ub41c \uc18d\ubcf4 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218\u00b7\uae30\uc5c5 \uc124\ubb38\uc73c\ub85c \uacbd\uae30 \ud655\uc7a5\/\uc704\ucd95\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\uac00 \uc5d0\ub108\uc9c0 \ube44\uc6a9\uc744 \uc774\uc720\ub85c 45.2\ub85c \ub0b4\ub824\uac04 \uc810\uc744 \uac10\uc548\ud558\uba74, \uc5d0\ub108\uc9c0 \ub2e4\uc18c\ube44 \uc0b0\uc5c5 ETF(\uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc)\uc5d0 \ub300\ud55c \ud48b\uc635\uc158 \ub9e4\uc218\ub97c \uac80\ud1a0\ud560 \uc218 \uc788\ub2e4. \uc774\ub7f0 \uc57d\uc138 \ud3ec\uc9c0\uc158\uc740 2025\ub144\uae4c\uc9c0 \uc313\uc778 \uc218\uc8fc\uc794\uace0(\ud655\uc815\ub41c \uc8fc\ubb38\uc774 \uc313\uc5ec \uc788\ub294 \ubb3c\ub7c9)\uac00 \uac15\ud55c \ub77c\uc778\uba54\ud0c8(Rheinmetall) \uac19\uc740 \ubc29\uc0b0 \uae30\uc5c5\uc5d0 \ub300\ud55c \ucf5c\uc635\uc158 \ub9e4\uc218\uc640 \uc870\ud569\ud560 \uc218 \uc788\ub2e4.\n\n\uc8fc\uc2dd \uc678\uc5d0 \uc2e0\uc6a9\uc2dc\uc7a5(\ud68c\uc0ac\ucc44 \ub4f1 \uae30\uc5c5 \uc2e0\uc6a9\uc744 \uac70\ub798\ud558\ub294 \uc2dc\uc7a5)\ub3c4 \uc5ed\uc0ac\uc801\uc73c\ub85c \ub0ae\uc740 NPL \uc218\uc900\uc5d0 \uae30\ub300\uc5b4 \uc704\ud5d8\uc744 \uacfc\uc18c\ud3c9\uac00\ud558\uace0 \uc788\uc744 \uc218 \uc788\ub2e4. CDS(\uc2e0\uc6a9\ubd80\ub3c4\uc2a4\uc651\u00b7\ucc44\ubb34\ubd88\uc774\ud589 \uc704\ud5d8\uc5d0 \ub300\ube44\ud574 \ubcf4\ud5d8\ucc98\ub7fc \ubcf4\uc0c1\uc744 \ubc1b\ub294 \uacc4\uc57d)\ub97c \ud1b5\ud574 \uc2e0\uc6a9\ubcf4\ud638(\ubd80\ub3c4 \uc704\ud5d8\uc744 \ub5a0\ub118\uae30\ub294 \ud3ec\uc9c0\uc158)\ub97c \ub9e4\uc218\ud558\uace0, \uc2e0\uc6a9\ub4f1\uae09\uc774 \ub0ae\uc740 \uc720\ub7fd \uae30\uc5c5 \ucc44\ubb34\ub97c \ucd94\uc801\ud558\ub294 \uc9c0\uc218\ud615 \uc0c1\ud488\uc744 \ub300\uc0c1\uc73c\ub85c \ud558\ub294 \ubc29\ubc95\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc5d0\ub108\uc9c0 \uac00\uaca9 \ucda9\uaca9\uc774 \uae38\uc5b4\uc9c0\uba74 \ucd9c\ubc1c\uc810\uc774 \uc5b4\ub5bb\ub4e0 \uae30\uc5c5 \uc7ac\ubb34\uc81c\ud45c(\uc790\uc0b0\u00b7\ubd80\ucc44\u00b7\uc790\ubcf8 \ubc0f \uc218\uc775 \uad6c\uc870)\uac00 \uc555\ubc15\uc744 \ubc1b\uc744 \uac00\ub2a5\uc131\uc774 \ub192\ub2e4.\n\n\ub9c8\uc9c0\ub9c9\uc73c\ub85c \uc774\ub294 \uc5d0\ub108\uc9c0 \uc21c\uc218\uc785 \uc9c0\uc5ed\uc778 \uc720\ub85c\uc874\uc5d0 \ubd88\ub9ac\ud574 \uc720\ub85c\ud654 \uc57d\uc138 \uc694\uc778\uc774\ub2e4. ECB\uac00 \uc9c0\ub09c\uc8fc \uc7ac\ud655\uc778\ud55c \ubb3c\uac00 \ub300\uc751 \uae30\uc870\ub294 \ucda9\uaca9 \uc644\ud654 \uc5ec\ub825\uc744 \uc81c\ud55c\ud574 \ud1b5\ud654 \uc57d\uc138 \uc804\ub9dd\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4. EUR\/USD(\uc720\ub85c\/\ub2ec\ub7ec \ud658\uc728) \ubc18\ub4f1\uc740 \uc720\ub85c \ub9e4\ub3c4(\uc20f\u00b7\uac00\uaca9 \ud558\ub77d\uc5d0 \ubca0\ud305) \ud3ec\uc9c0\uc158\uc744 \uc2dc\uc791\ud560 \uae30\ud68c\ub85c \ubcfc \uc218 \uc788\ub2e4.\n<p>\n\n<p><strong>\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 &#8211; VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\ube0c\ub80c\ud2b8\uc720 115\ub2ec\ub7ec \ub3cc\ud30c, \uc720\ub7fd \uae08\uc735\uc2dc\uc7a5 \uc2dc\ud5d8\ub300. ECB \u201c\uc740\ud589 \uac74\uc804\uc131\u00b7NPL \uc548\uc815\u201d\uc5d0\ub3c4 \uc81c\uc870\uc5c5 PMI \uae09\ub77d. \ubcc0\ub3d9\uc131 \ub9e4\uc218\u00b7\uc9c0\uc218 \ud48b \ud5e4\uc9c0, \uc5d0\ub108\uc9c0\ub2e4\uc18c\ube44 \uc20f-\ubc29\uc0b0 \ub871, CDS\u00b7\uc720\ub85c \uc20f \uc8fc\ubaa9.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-42371","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/42371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=42371"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/42371\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=42371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=42371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=42371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}