{"id":44746,"date":"2026-04-15T22:22:40","date_gmt":"2026-04-15T22:22:40","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%b2%a0%eb%a5%b4%ed%8a%b8-%ec%bd%9c%eb%9d%bc%ec%9c%88-2%ec%9b%94-%ec%9c%a0%eb%a1%9c%ec%a1%b4-%ec%83%9d%ec%82%b0-%ec%86%8c%ed%8f%ad-%ec%a6%9d%ea%b0%80%ec%a0%84%ec%9f%81%c2%b7\/"},"modified":"2026-04-15T22:22:40","modified_gmt":"2026-04-15T22:22:40","slug":"%eb%b2%a0%eb%a5%b4%ed%8a%b8-%ec%bd%9c%eb%9d%bc%ec%9c%88-2%ec%9b%94-%ec%9c%a0%eb%a1%9c%ec%a1%b4-%ec%83%9d%ec%82%b0-%ec%86%8c%ed%8f%ad-%ec%a6%9d%ea%b0%80%ec%a0%84%ec%9f%81%c2%b7","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%b2%a0%eb%a5%b4%ed%8a%b8-%ec%bd%9c%eb%9d%bc%ec%9c%88-2%ec%9b%94-%ec%9c%a0%eb%a1%9c%ec%a1%b4-%ec%83%9d%ec%82%b0-%ec%86%8c%ed%8f%ad-%ec%a6%9d%ea%b0%80%ec%a0%84%ec%9f%81%c2%b7\/","title":{"rendered":"\ubca0\ub974\ud2b8 \ucf5c\ub77c\uc708 \u201c2\uc6d4 \uc720\ub85c\uc874 \uc0dd\uc0b0 \uc18c\ud3ed \uc99d\uac00\u2026\uc804\uc7c1\u00b7\uc5d0\ub108\uc9c0 \ube44\uc6a9, \ud22c\uc790\u00b7\uc0b0\uc5c5 \uc704\ud611\u201d"},"content":{"rendered":"

\uc720\ub85c\uc874 \uc0b0\uc5c5\uc0dd\uc0b0\uc740 2\uc6d4\uc5d0 1\uc6d4 \ub300\ube44 0.4% \uc99d\uac00\ud588\ub2e4. \ub2e4\ub9cc \uc0dd\uc0b0 \uc218\uc900\uc740 2025\ub144 \ub300\ubd80\ubd84\uc758 \uae30\uac04\ubcf4\ub2e4 \ub0ae\uc740 \uc0c1\ud0dc\ub2e4.<\/p>\n

2026\ub144 \ucd08\ub294 \ubbf8\uad6d \uae30\uc5c5\ub4e4\uc758 \u2018\uc120(\u5148)\uc8fc\ubb38(\ud504\ub7f0\ud2b8\ub85c\ub529\u00b7\uad00\uc138\ub098 \uacf5\uae09 \ucc28\uc9c8\uc744 \uc6b0\ub824\ud574 \ubbf8\ub9ac \ubb3c\ub7c9\uc744 \ub2f9\uaca8 \uc0ac\ub450\ub294 \uac83)\u2019 \ud6a8\uacfc\uac00 \uc57d\ud574\uc9c0\uba74\uc11c \ub354 \ubd80\uc9c4\ud588\ub2e4. \ubb34\uc5ed \ucc28\uc9c8\uc740 \uacc4\uc18d\ub418\uba70 \uc218\uc694\uc640 \uc0dd\uc0b0 \ud750\ub984\uc744 \ud754\ub4e4\uace0 \uc788\ub2e4.<\/p>\n

Energy Prices And Output Risks<\/h3>\n

\uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \uc624\ub974\uba74\uc11c 3\uc6d4\ubd80\ud130 \uc5d0\ub108\uc9c0 \uc0ac\uc6a9\uc774 \ub9ce\uc740 \uc5c5\uc885(\uc5d0\ub108\uc9c0 \uc9d1\uc57d \uc0b0\uc5c5)\uc5d0 \ube44\uc6a9 \ubd80\ub2f4\uc774 \ucee4\uc84c\ub2e4. 3\uc6d4 \uc2dc\uc791\ub41c \uc911\ub3d9 \uc804\uc7c1\uc740 \uc0b0\uc5c5 \uc0dd\uc0b0\uc744 \ub354 \ub04c\uc5b4\ub0b4\ub9b4 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

\ube44\uc6a9 \uc0c1\uc2b9\uc740 \uc5d0\ub108\uc9c0 \uc0ac\uc6a9\uc774 \ub9ce\uc740 \uc81c\uc870\uc5c5\uccb4\uc758 \uac00\uaca9 \uacbd\uc7c1\ub825\uc744 \ub5a8\uc5b4\ub728\ub9b4 \uc218 \uc788\ub2e4. \uc804\uc7c1 \uad00\ub828 \ubd88\ud655\uc2e4\uc131\uc740 \uae30\uc5c5\uc758 \uc124\ube44\ud22c\uc790 \uacb0\uc815\ub3c4 \ub2a6\ucd9c \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.<\/p>\n

\uc77c\ubd80 \uc5c5\uc885, \ud2b9\ud788 \ucca8\ub2e8\uae30\uc220 \ubd84\uc57c\ub294 \uc0c1\ub300\uc801\uc73c\ub85c \uc120\ubc29\ud560 \uc218 \uc788\ub2e4. \uadf8\ub7ec\ub098 \uc804\uccb4\uc801\uc73c\ub85c \uc720\ub85c\uc874 \uc0b0\uc5c5\uc0dd\uc0b0\uc758 \ud558\ubc29(\ud558\ub77d) \uc704\ud5d8\uc740 \ucee4\uc84c\ub2e4.<\/p>\n

Trading Implications For Derivatives<\/h3>\n

\ucd5c\uadfc \uc9c0\ud45c\ub3c4 \ubd80\uc815\uc801 \ud750\ub984\uc744 \ud655\uc778\ud574\uc900\ub2e4. 4\uc6d4 \ucd08 \uc720\ub85c\uc874 \uc81c\uc870\uc5c5 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218\u00b7\uae30\uc5c5\uc758 \uc2e0\uaddc\uc8fc\ubb38, \uc0dd\uc0b0, \uace0\uc6a9 \ub4f1\uc744 \uc124\ubb38\uc73c\ub85c \uc9d1\uacc4\ud574 \uacbd\uae30 \ud655\uc7a5\/\uc704\ucd95\uc744 \uac00\ub2a0\ud558\ub294 \uc9c0\ud45c) \uc7a0\uc815\uce58(\ud50c\ub798\uc2dc)\uac00 45.1\ub85c \ub5a8\uc5b4\uc838 2025\ub144 \ucd08 \uacbd\uae30 \ub454\ud654 \uad6d\uba74 \uc774\ud6c4 \ucd5c\uc800 \uc218\uc900\uc744 \uae30\ub85d\ud588\ub2e4. \uc774\ub294 \uacf5\uc7a5 \ud65c\ub3d9\uc774 \u2018\ub454\ud654\u2019\uac00 \uc544\ub2c8\ub77c \u2018\uc704\ucd95\u2019 \uad6d\uba74(\ud1b5\uc0c1 50 \uc544\ub798)\uc784\uc744 \ub73b\ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \ub3c5\uc77c DAX\ub098 EURO STOXX 50 \uac19\uc740 \uc8fc\uac00\uc9c0\uc218\uc5d0 \ub300\ud55c \ud48b\uc635\uc158(\uac00\uaca9\uc774 \ud558\ub77d\ud560 \ub54c \uc774\uc775\uc774 \ub098\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub294 \uc0b0\uc5c5 \ub454\ud654\uc5d0 \ub300\ube44\ud558\ub294 \uc9c1\uc811\uc801\uc778 \ubc29\ubc95\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

\uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1\uc740 \ud2b9\uc815 \uc5c5\uc885\uc5d0 \ud575\uc2ec \uc545\uc7ac\ub2e4. \uc804\uc7c1 \uaca9\ud654 \uc774\ud6c4 \ube0c\ub80c\ud2b8\uc720 \uc120\ubb3c(\ubbf8\ub798 \uc2dc\uc810\uc758 \uc6d0\uc720 \uac00\uaca9\uc73c\ub85c \uac70\ub798\ub418\ub294 \uacc4\uc57d)\uc774 \ubc30\ub7f4\ub2f9 115\ub2ec\ub7ec \uc704\uc5d0\uc11c \uace0\uc810\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4. \uc774\ub294 \ud654\ud559, \uc911\uacf5\uc5c5 \ub4f1 \uc5d0\ub108\uc9c0 \uc0ac\uc6a9\uc774 \ub9ce\uc740 \uae30\uc5c5\uc758 \uacbd\uc7c1\ub825\uc744 \uc9c1\uc811 \ud6fc\uc190\ud55c\ub2e4. \ud574\ub2f9 \uc5c5\uc885 \uc885\ubaa9\uc758 \ud48b\uc635\uc158\uc740 \ub2e4\uc74c \ubd84\uae30\uc5d0 \uc218\uc775\uc131(\ub9c8\uc9c4)\uc774 \ud06c\uac8c \uc555\ubc15\ubc1b\uc744 \uac00\ub2a5\uc131\uc744 \uac10\uc548\ud558\uba74 \ub9e4\ub825\uc801\uc778 \uc120\ud0dd\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

\ubd88\ud655\uc2e4\uc131\uc774 \uc2dc\uc7a5\uc758 \ud575\uc2ec \ubcc0\uc218\ub85c \ubd80\uc0c1\ud558\uba70 \ubcc0\ub3d9\uc131(\uac00\uaca9\uc774 \ud754\ub4e4\ub9ac\ub294 \uc815\ub3c4)\ub3c4 \ucee4\uc9c0\uace0 \uc788\ub2e4. \uc720\ub85c\uc2a4\ud1a1\uc2a450\uc758 \ubcc0\ub3d9\uc131\uc744 \ubcf4\uc5ec\uc8fc\ub294 VSTOXX \uc9c0\uc218(\uc720\ub7fd\ud310 \u2018\uacf5\ud3ec\uc9c0\uc218\u2019\ub85c, \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc608\uc0c1 \ubcc0\ub3d9\uc131)\uac00 \ud55c \ub2ec \uc0ac\uc774 20\ub300 \ucd08\ubc18\uc5d0\uc11c 35 \uc704\ub85c \ub6f0\uc5c8\ub2e4. \uc774\ub294 \uac00\uaca9 \ub4f1\ub77d \ud3ed\uc774 \ucee4\uc9c8 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud558\uba70, VSTOXX \ucf5c\uc635\uc158(\uac00\uaca9 \uc0c1\uc2b9 \uc2dc \uc774\uc775) \ub9e4\uc218\ub098 \uac1c\ubcc4 \uc0b0\uc5c5\uc8fc\uc5d0\uc11c \uc2a4\ud2b8\ub798\ub4e4(\uac19\uc740 \ub9cc\uae30\u00b7\ud589\uc0ac\uac00\uc758 \ucf5c\uacfc \ud48b\uc744 \ub3d9\uc2dc\uc5d0 \uc0ac \ubcc0\ub3d9\uc131 \ud655\ub300\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5) \uac19\uc740 \uc804\ub7b5\uc774 \ud65c\uc6a9\ub420 \uc218 \uc788\ub2e4.<\/p>\n

\uacbd\uae30 \uc57d\ud654\ub294 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc758 \uae08\ub9ac \uc778\uc0c1 \uc5ec\ub825\ub3c4 \uc81c\ud55c\ud55c\ub2e4. \uacbd\uae30 \ubd80\uc9c4\uacfc \ub192\uc740 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \ud568\uaed8 \ub098\ud0c0\ub0a0 \ub54c \ud1b5\ud654 \uac00\uce58\uac00 \uc57d\ud574\uc9c8 \uc218 \uc788\ub2e4. \uadf8 \uacb0\uacfc \uc120\ubb3c\uc774\ub098 \uc678\ud658 \uc635\uc158(\ud658\uc728 \ubcc0\ub3d9\uc5d0 \ub300\ud55c \uad8c\ub9ac)\uc73c\ub85c \uc720\ub85c\/\ub2ec\ub7ec \ud558\ub77d\uc5d0 \ubca0\ud305(\uc720\ub85c \ub9e4\ub3c4)\ud558\ub294 \uc804\ub7b5\uc774 \ud569\ub9ac\uc801\uc778 \uc120\ud0dd\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

2022\ub144 \uc5d0\ub108\uc9c0 \uc704\uae30(\uac00\uc2a4 \uac00\uaca9 \uae09\ub4f1\uc73c\ub85c \uc0b0\uc5c5\uc0dd\uc0b0\uc774 \uae09\uac10\ud558\uace0 DAX\uac00 20% \ub118\uac8c \ud558\ub77d\ud588\ub358 \uc2dc\uae30)\ub294 \ucc38\uace0\ud560 \ub9cc\ud55c \uacfc\uac70 \uc0ac\ub840\ub2e4. \uba87 \ub144 \uc804 \uacbd\ud5d8\uc744 \ube44\ucdb0\ubcf4\uba74, \ud604\uc7ac\uc758 \uc804\uc7c1\uacfc \ub192\uc740 \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uc870\ud569\ub3c4 \ube44\uc2b7\ud55c \uc218\uc900\uc758 \ucda9\uaca9\uc744 \ub0b3\uc744 \uc218 \uc788\ub2e4. \uc774\ub7f0 \ud750\ub984\uc740 \ucd94\uac00 \ud558\ub77d \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574\uc57c \ud55c\ub2e4\ub294 \uadfc\uac70\ub97c \uac15\ud654\ud55c\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\uc720\ub85c\uc874 \uc0b0\uc5c5\uc0dd\uc0b0 2\uc6d4 0.4% \ubc18\ub4f1\uc5d0\ub3c4 \ucd94\uc138\ub294 \ud558\ubc29. \uc911\ub3d9\uc804\u00b7\uc5d0\ub108\uc9c0 \uae09\ub4f1\uc5d0 PMI 45.1, \ubcc0\ub3d9\uc131 \uae09\uc99d. \uc8fc\uac00\uc9c0\uc218\u00b7\uc5d0\ub108\uc9c0\uc9d1\uc57d\uc8fc \ud48b, VSTOXX\u00b7\uc2a4\ud2b8\ub798\ub4e4, \uc720\ub85c\/\ub2ec\ub7ec \uc1fc\ud2b8 \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-44746","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\/44746","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=44746"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44746\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}