{"id":45503,"date":"2026-04-25T02:21:56","date_gmt":"2026-04-25T02:21:56","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac-%ec%88%98%ec%84%9d-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-ifo-%ea%b2%bd%ea%b8%b0%ec%a7%80%ec%88%98-%ed%95%98%eb%9d%bd\/"},"modified":"2026-04-25T02:21:56","modified_gmt":"2026-04-25T02:21:56","slug":"%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac-%ec%88%98%ec%84%9d-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-ifo-%ea%b2%bd%ea%b8%b0%ec%a7%80%ec%88%98-%ed%95%98%eb%9d%bd","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%bd%94%eb%a9%94%eb%a5%b4%ec%b8%a0%eb%b0%a9%ed%81%ac-%ec%88%98%ec%84%9d-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-ifo-%ea%b2%bd%ea%b8%b0%ec%a7%80%ec%88%98-%ed%95%98%eb%9d%bd\/","title":{"rendered":"\ucf54\uba54\ub974\uce20\ubc29\ud06c \uc218\uc11d \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8 \u201cIfo \uacbd\uae30\uc9c0\uc218 \ud558\ub77d\uc740 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \ub3c5\uc77c \uc131\uc7a5\uc5d0 \ubd80\ub2f4\uc744 \uc8fc\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4\u201d"},"content":{"rendered":"<p>\ucf54\uba54\ub974\uce20\ubc29\ud06c(Commerzbank)\ub294 \uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1(\uc5d0\ub108\uc9c0 \uac00\uaca9 \ucda9\uaca9)\uc73c\ub85c \ub3c5\uc77c\uc758 \uc131\uc7a5 \uc804\ub9dd\uc774 \ub0ae\uc544\uc9c0\uace0 \uc788\uc73c\uba70, \ub300\uc678 \ubb34\uc5ed \uc555\ubc15\uacfc \uc81c\ud55c\uc801\uc778 \uac1c\ud601\ub3c4 \ubd80\ub2f4\uc73c\ub85c \uc791\uc6a9\ud55c\ub2e4\uace0 \ubc1d\ud614\ub2e4. \ud2b9\ud788 \ud638\ub974\ubb34\uc988 \ud574\ud611(Strait of Hormuz\u00b7\uc911\ub3d9\uc758 \ud575\uc2ec \uc6d0\uc720 \uc218\uc1a1\ub85c) \ubd09\uc1c4\uac00 \ub354 \uae38\uc5b4\uc9c8 \uacbd\uc6b0 \uacbd\uae30\uce68\uccb4(\ub9ac\uc138\uc158\u00b7\uacbd\uc81c\uac00 \uc804\ubc18\uc801\uc73c\ub85c \uc704\ucd95\ub418\ub294 \uad6d\uba74) \uac00\ub2a5\uc131\uc774 \ucee4\uc9c4\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4.<\/p>\n<p>\ub3c5\uc77c Ifo \uae30\uc5c5\uacbd\uae30\uc9c0\uc218(Ifo Business Climate Index\u00b7\uae30\uc5c5\ub4e4\uc758 \uacbd\uae30 \uccb4\uac10\ub3c4\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\ub294 86.3\uc5d0\uc11c 84.4\ub85c \ud558\ub77d\ud588\ub2e4. \uc740\ud589\uc740 \uc774\ub97c \uacbd\uae30 \uc5ec\uac74 \uc57d\ud654\uc640 \uc5f0\uacb0\uc9c0\uc5c8\ub2e4. 2026\ub144 \uc131\uc7a5\ub960\uc740 \uc57d 0.6%\ub85c \ucd94\uc815\ud588\uc73c\uba70, \uadfc\ubb34\uc77c \uc218\uac00 \uc774\ub840\uc801\uc73c\ub85c \ub9ce\uc558\ub358 \uc601\ud5a5\uc744 \uc81c\uc678(\uadfc\ubb34\uc77c \uc870\uc815)\ud558\uba74 0.3% \uc218\uc900\uc774\ub77c\uace0 \ubd24\ub2e4.<\/p>\n<h3>\ud638\ub974\ubb34\uc988 \ud574\ud611 \ubd09\uc1c4\uc5d0 \ub530\ub978 \uc131\uc7a5 \ub9ac\uc2a4\ud06c<\/h3>\n<p>\uc740\ud589\uc740 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc774 3\uac1c\uc6d4\uac04 \uc644\uc804 \ubd09\uc1c4\ub41c \ub4a4 5\uc6d4 \ub9d0\uc5d0 \uc7ac\uac1c\ub418\ub354\ub77c\ub3c4, \uc62c\ud574 \uc131\uc7a5\ub960\uc740 0.4%\ud3ec\uc778\ud2b8 \ub0ae\uc544\uc9c8 \uac83\uc774\ub77c\uace0 \ubc1d\ud614\ub2e4. \ub610\ud55c \ud574\ud611\uc744 \ud1b5\ud55c \uc6d0\uc720 \uc120\uc801(\uc11d\uc720 \uc218\uc1a1)\uc774 \ud558\ub8e8 \ub354 \uc911\ub2e8\ub420\uc218\ub85d \uacbd\uae30\uce68\uccb4 \uc704\ud5d8\uc774 \ucee4\uc9c4\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.<\/p>\n<p>\uc740\ud589\uc740 \uad6d\ub0b4\ucd1d\uc0dd\uc0b0(GDP\u00b7\ud55c \ub098\ub77c\uac00 \uc77c\uc815 \uae30\uac04 \uc0dd\uc0b0\ud55c \ubd80\uac00\uac00\uce58\uc758 \ucd1d\ud569)\uc758 0.8% \uaddc\ubaa8 \uc7ac\uc815 \ubd80\uc591\ucc45(\uc815\ubd80 \uc9c0\ucd9c \ud655\ub300 \ub4f1)\uc774 \uc5d0\ub108\uc9c0 \uac00\uaca9 \ucda9\uaca9, \uad00\uc138 \uc778\uc0c1, \uc804\uba74\uc801 \uad6c\uc870\uac1c\ud601 \ubd80\uc7ac\ub85c \uc0c1\ub2f9 \ubd80\ubd84 \uc0c1\uc1c4\ub41c\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4. \ub610 4\uc8fc \uc804 2026\ub144 \uc804\ub9dd\uce58\ub97c 0.6%\ub85c \uc774\ubbf8 \ub0ae\ucdc4\uc73c\uba70, \uadfc\ubb34\uc77c \uc870\uc815 \uae30\uc900 0.3%\ub77c\ub294 \ucd94\uc815\ub3c4 \uc7ac\ud655\uc778\ud588\ub2e4.<\/p>\n<p>Ifo \uae30\uc5c5\uacbd\uae30\uc9c0\uc218\uac00 84.4\ub85c \uae09\ub77d\ud55c \uc810\uc740 \uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1\uc774 \ub3c5\uc77c \uacbd\uc81c\uc5d0 \ud070 \ud0c0\uaca9\uc744 \uc8fc\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \ud638\ub974\ubb34\uc988 \ud574\ud611\uc774 5\uc6d4 \ub9d0 \uc7ac\uac1c\ub41c\ub2e4\ub294 \uac00\uc815\uc5d0 \uae30\ubc18\ud55c \uc804\ub9dd\uc774\uba70, \uc7ac\uac1c\uac00 \uc9c0\uc5f0\ub418\uba74 \uc0c1\ud669\uc740 \ub354 \uc545\ud654\ub420 \uc218 \uc788\ub2e4.<\/p>\n<h3>\uc2dc\uc7a5 \uc804\ubc18\uc758 \ub9e4\ub9e4 \uc2dc\uc0ac\uc810<\/h3>\n<p>\ub454\ud654\ub294 \uc720\ub85c\ud654\uc5d0\ub3c4 \ubd80\ub2f4\uc774\ub2e4. \uc720\ub85c\/\ub2ec\ub7ec(EUR\/USD\u00b7\uc720\ub85c\ud654\uc640 \ub2ec\ub7ec\uc758 \ud658\uc728)\ub294 1.05\uc120 \uc0c1\ub2e8\uc744 \uc720\uc9c0\ud558\uae30 \uc5b4\ub824\uc6b4 \ud750\ub984\uc744 \ubcf4\uc600\ub2e4. \uad00\uc138 \uc778\uc0c1(\uc218\uc785\ud488\uc5d0 \ub9e4\uae30\ub294 \uc138\uae08 \uc778\uc0c1)\uc774 \ucd94\uac00\uc801\uc778 \ub9c8\ucc30\ub85c \uc791\uc6a9\ud558\uba74\uc11c \ud1b5\ud654\uc5d0 \ud558\ubc29 \uc555\ub825\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4. EUR\/USD \uc120\ubb3c(\ubbf8\ub798 \uc2dc\uc810\uc758 \ud658\uc728\uc744 \ud604\uc7ac \uacc4\uc57d\uc73c\ub85c \uac70\ub798\ud558\ub294 \uc0c1\ud488)\uc744 \ub9e4\ub3c4(\uc20f\u00b7\ud558\ub77d\uc5d0 \ubca0\ud305)\ud558\uac70\ub098 \uc720\ub85c \ud48b\uc635\uc158(\uac00\uaca9 \ud558\ub77d \uc2dc \uc774\uc775\uc774 \ub098\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\ub294 \ubc29\uc2dd\uc740 \uc57d\uc138\uc5d0 \ub300\ud55c \ubc29\uc5b4(\ud5e4\uc9c0\u00b7\uac00\uaca9 \ubcc0\ub3d9 \uc704\ud5d8\uc744 \uc904\uc774\ub294 \uac70\ub798)\ub85c \ud65c\uc6a9\ub420 \uc218 \uc788\ub2e4.<\/p>\n<p>\ud638\ub974\ubb34\uc988 \ud574\ud611 \uad00\ub828 \ubd88\ud655\uc2e4\uc131\uc740 \ubcc0\ub3d9\uc131\uc744 \ub192\uc774\uace0 \uc788\ub2e4. VSTOXX \uc9c0\uc218(\uc720\ub85c\uc874 \uc8fc\uc2dd\uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \uc9c0\ud45c\u00b7\u2018\ubcc0\ub3d9\uc131 \uc9c0\uc218\u2019)\ub294 \uc5f0\uc911 \uace0\uc810 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 VSTOXX \ucf5c\uc635\uc158(\uc9c0\uc218\uac00 \uc624\ub97c \ub54c \uc774\uc775\uc774 \ub098\ub294 \uad8c\ub9ac) \ub9e4\uc218\uac00 \uc720\ub9ac\ud560 \uc218 \uc788\ub294\ub370, \uc2dc\uc7a5 \uacf5\ud3ec\uac00 \ucee4\uc9c8\uc218\ub85d \uc218\uc775\uc774 \ub0a0 \uac00\ub2a5\uc131\uc774 \uc788\uae30 \ub54c\ubb38\uc774\ub2e4. \ubd09\uc1c4\uac00 \ud558\ub8e8 \ub354 \uc774\uc5b4\uc9c8\uc218\ub85d \uacbd\uae30\uce68\uccb4 \uc704\ud5d8\uc774 \ucee4\uc9c0\uace0, \ubcc0\ub3d9\uc131\ub3c4 \ub354 \uc0c1\uc2b9\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>\ucc44\uad8c\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc57d\ud55c \uacbd\uae30 \uc804\ub9dd\uc73c\ub85c \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB\u00b7\uc720\ub85c\uc874 \ud1b5\ud654\uc815\ucc45\uc744 \ub2f4\ub2f9\ud558\ub294 \uc911\uc559\uc740\ud589)\uc758 \uae08\ub9ac \uc778\uc0c1 \uae30\ub300\uac00 \ub4a4\ub85c \ubc00\ub838\ub2e4. \uc774\uc5d0 \ub530\ub77c \ub3c5\uc77c \uad6d\ucc44\ub294 \uc548\uc804\uc790\uc0b0 \uc120\ud638(\ub9ac\uc2a4\ud06c \ud68c\ud53c\ub85c \uc548\uc804\ud558\ub2e4\uace0 \uc5ec\uaca8\uc9c0\ub294 \uc790\uc0b0\uc744 \uc0ac\ub294 \ud750\ub984)\uc758 \uc218\ud61c\ub97c \ubc1b\uc558\uace0, 10\ub144 \ub9cc\uae30 \ubd84\ud2b8(Bund\u00b7\ub3c5\uc77c 10\ub144 \uad6d\ucc44) \uae08\ub9ac\ub294 \uc774\ub2ec 20bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b7\uae08\ub9ac 0.01%\ud3ec\uc778\ud2b8) \ud558\ub77d\ud588\ub2e4. 2011\ub144 \uc720\ub7fd \uc7ac\uc815\uc704\uae30(\uad6d\uac00 \ubd80\ucc44 \ubb38\uc81c\ub85c \uae08\uc735\uc2dc\uc7a5\uc774 \ud754\ub4e4\ub9b0 \uc2dc\uae30)\uc5d0\uc11c\ub3c4 \ub3c5\uc77c \uad6d\ucc44\uac00 \ud53c\ub09c\ucc98 \uc5ed\ud560\uc744 \ud55c \uc0ac\ub840\uac00 \uc788\uc5c8\ub2e4.<\/p>\n<p>\ud575\uc2ec \ubcc0\uc218\ub294 \uc720\uac00\ub2e4. \ube0c\ub80c\ud2b8\uc720(Brent crude\u00b7\uad6d\uc81c \uc720\uac00 \ub300\ud45c \uc9c0\ud45c)\ub294 \ubc30\ub7f4\ub2f9 125\ub2ec\ub7ec \uc704\uc5d0\uc11c \uc57d 8\uc8fc \ub3d9\uc548 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\ub2e4. \ud2b8\ub808\uc774\ub354 \uc785\uc7a5\uc5d0\uc11c\ub294 \ud574\ud611 \uc7ac\uac1c \uc2dc\uc810\uc774 \uac00\uc7a5 \uc911\uc694\ud55c\ub370, \uc7ac\uac1c\ub420 \uacbd\uc6b0 \uc720\uac00\uac00 \uae09\ub77d\ud560 \uc218 \uc788\ub2e4. \uadf8 \uc804\uae4c\uc9c0\ub294 \uc6d0\uc720 \uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility\u00b7\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9\uc131 \uae30\ub300\uce58)\uc774 \ub192\uc544 \uac00\uaca9 \uc6c0\uc9c1\uc784 \uc790\uccb4\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ub871 \uc2a4\ud2b8\ub798\ub4e4(long straddle\u00b7\uac19\uc740 \ub9cc\uae30\/\ud589\uc0ac\uac00\uc758 \ucf5c\uacfc \ud48b\uc744 \ub3d9\uc2dc\uc5d0 \uc0ac\uc11c \ud070 \ubcc0\ub3d9\uc774 \ub098\uba74 \uc774\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5)\uc774 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201c\ud638\ub974\ubb34\uc988\uac00 \ub9c9\ud788\uba74 \ub3c5\uc77c\ub3c4 \ud754\ub4e4\ub9b0\ub2e4\u201d \ucf54\uba54\ub974\uce20\ubc29\ud06c\ub294 \uc5d0\ub108\uc9c0 \uc1fc\ud06c\ub85c \uc131\uc7a5\ub960 0.6%(\uc870\uc815 0.3%) \uc804\ub9dd, Ifo 84.4 \uae09\ub77d\u00b7\uc720\ub85c \uc57d\uc138, \ubd84\ud2b8 \uac15\uc138\u00b7VSTOXX \ubcc0\ub3d9\uc131 \ud655\ub300\ub97c \uacbd\uace0\ud588\ub2e4.<\/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-45503","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\/45503","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=45503"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45503\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}