{"id":48360,"date":"2026-03-04T13:43:52","date_gmt":"2026-03-04T13:43:52","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/2%ec%9b%94%ec%97%90-%ec%9c%a0%eb%a1%9c%ec%a1%b4%ec%9d%98-hcob-%ec%84%9c%eb%b9%84%ec%8a%a4-pmi%eb%8a%94-51-9%eb%a5%bc-%ea%b8%b0%eb%a1%9d%ed%95%98%eb%a9%b0-%ec%a0%84%eb%a7%9d%ec%b9%98-51-8%ec%9d%84\/"},"modified":"2026-03-04T13:43:52","modified_gmt":"2026-03-04T13:43:52","slug":"2%ec%9b%94%ec%97%90-%ec%9c%a0%eb%a1%9c%ec%a1%b4%ec%9d%98-hcob-%ec%84%9c%eb%b9%84%ec%8a%a4-pmi%eb%8a%94-51-9%eb%a5%bc-%ea%b8%b0%eb%a1%9d%ed%95%98%eb%a9%b0-%ec%a0%84%eb%a7%9d%ec%b9%98-51-8%ec%9d%84","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/2%ec%9b%94%ec%97%90-%ec%9c%a0%eb%a1%9c%ec%a1%b4%ec%9d%98-hcob-%ec%84%9c%eb%b9%84%ec%8a%a4-pmi%eb%8a%94-51-9%eb%a5%bc-%ea%b8%b0%eb%a1%9d%ed%95%98%eb%a9%b0-%ec%a0%84%eb%a7%9d%ec%b9%98-51-8%ec%9d%84\/","title":{"rendered":"2\uc6d4\uc5d0 \uc720\ub85c\uc874\uc758 HCOB \uc11c\ube44\uc2a4 PMI\ub294 51.9\ub97c \uae30\ub85d\ud558\uba70, \uc804\ub9dd\uce58 51.8\uc744 \uadfc\uc18c\ud558\uac8c \uc0c1\ud68c\ud588\ub2e4."},"content":{"rendered":"\uc720\ub85c\uc874 HCOB \uc11c\ube44\uc2a4\uc5c5 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218: \uae30\uc5c5 \uad6c\ub9e4\u00b7\uc0dd\uc0b0 \ub2f4\ub2f9\uc790\ub97c \uc124\ubb38\ud574 \uacbd\uae30 \ud750\ub984\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\ub294 2\uc6d4\uc5d0 51.9\ub85c \ub098\uc654\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc2dc\uc7a5 \uc608\uc0c1\uce58 51.8\uc744 \uc6c3\ub3cc\uc558\uc2b5\ub2c8\ub2e4.\n\n\uc720\ub85c\uc874 \uc11c\ube44\uc2a4\uc5c5 PMI\uac00 \uc608\uc0c1\ubcf4\ub2e4 \uc57d\uac04 \ub192\uac8c \ub098\uc628 \uac83\uc740 \uacbd\uc81c\uac00 \uc6b0\ub9ac\uac00 \ubcf4\ub358 \uac83\ubcf4\ub2e4 \ud798(\ubaa8\uba58\ud140: \uacbd\uae30\uc758 \uc0c1\uc2b9 \ud750\ub984)\uc774 \ub354 \uc788\ub2e4\ub294 \ub73b\uc785\ub2c8\ub2e4. \uc774\ub294 \ub208\uc5d0 \uc798 \ubcf4\uc774\uc9c0 \uc54a\ub294 \uae30\ubcf8 \uc218\uc694(underlying demand: \uc77c\uc2dc\uc801 \uc694\uc778\uc744 \ube80 \uc2e4\uc81c \uc18c\ube44\u00b7\uc8fc\ubb38)\uac00 \uc870\uae08 \ub354 \ub2e8\ub2e8\ud574\uc9c0\uace0 \uc788\ub2e4\ub294 \uc2e0\ud638\ub85c, \uc131\uc7a5\uc5d0 \uae0d\uc815\uc801\uc785\ub2c8\ub2e4. \uc6b0\ub9ac \uc785\uc7a5\uc5d0\uc11c\ub294 \uacbd\uae30 \uce68\uccb4 \uc704\ud5d8\uc774 \uc904\uc5b4\ub4e4\uc5b4, \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \ud3ec\uc9c0\uc158(\ubca0\uc5b4\ub9ac\uc2dc \ud3ec\uc9c0\uc158: \uac00\uaca9 \ud558\ub77d\uc744 \uc608\uc0c1\ud558\uace0 \uc7a1\ub294 \ud22c\uc790)\uc774 \ub35c \ub9e4\ub825\uc801\uc785\ub2c8\ub2e4.\n\n

Ecb \uc815\ucc45\uc5d0 \ub300\ud55c \uc758\ubbf8<\/h3>\n\uc774\ubc88\ucc98\ub7fc \uacbd\uc81c \uc9c0\ud45c\uac00 \ub354 \uac15\ud558\uac8c \ub098\uc624\uba74 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB: \uc720\ub85c\ud654\ub97c \uc4f0\ub294 \ub098\ub77c\ub4e4\uc758 \uc911\uc559\uc740\ud589)\uc740 \uae30\uc900\uae08\ub9ac \uc778\ud558(interest rate cuts: \uc911\uc559\uc740\ud589\uc774 \uae08\ub9ac\ub97c \ub0ae\ucd94\ub294 \uac83)\uc758 \uc2dc\uc810\uc744 \ub2e4\uc2dc \uace0\ubbfc\ud560 \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4. 2025\ub144\uc5d0 ECB\uac00 \ubb3c\uac00\uac00 \uc27d\uac8c \ub0b4\ub824\uac00\uc9c0 \uc54a\ub294 \uc2e0\ud638\uc5d0 \uc5bc\ub9c8\ub098 \ubbfc\uac10\ud588\ub294\uc9c0 \uc6b0\ub9ac\ub294 \uc774\ubbf8 \ubd24\uc2b5\ub2c8\ub2e4. \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 \ucd5c\uc2e0 \uc720\ub85c\uc2a4\ud0c0\ud2b8(Eurostat: EU \ud1b5\uacc4\uae30\uad00) \uc18d\ubcf4\uce58(flash estimate: \uba3c\uc800 \ubc1c\ud45c\ud558\ub294 \uc7a0\uc815\uce58) \uae30\uc900\uc73c\ub85c \uc57d 2.4%\ub85c \uc27d\uac8c \ub0b4\ub824\uac00\uc9c0 \uc54a\ub294 \uc0c1\ud0dc(\ub048\uc801\ud558\ub2e4\/sticky: \uae30\ub300\ub9cc\ud07c \ube68\ub9ac \ub0ae\uc544\uc9c0\uc9c0 \uc54a\uc74c)\uc785\ub2c8\ub2e4. \uc774\ubc88 PMI\ub294 ECB\uac00 \uae08\ub9ac\ub97c \ub354 \uc624\ub798 \ub192\uc740 \uc218\uc900\uc73c\ub85c \uc720\uc9c0\ud560 \uadfc\uac70\ub97c \ub354\ud574\uc8fc\uba70, \uadf8\uc5d0 \ub530\ub77c \ub2e8\uae30 \uae08\ub9ac \uc120\ubb3c(short-term interest rate futures: \uc55e\uc73c\ub85c\uc758 \ub2e8\uae30 \uae08\ub9ac\ub97c \ubc18\uc601\ud574 \uac70\ub798\ub418\ub294 \uacc4\uc57d)\uc740 \uac00\uaca9\uc774 \ub0b4\ub824\uac08 \uc218 \uc788\uc2b5\ub2c8\ub2e4(\uae08\ub9ac \uae30\ub300\uac00 \uc624\ub974\uba74 \uc120\ubb3c \uac00\uaca9\uc740 \ubcf4\ud1b5 \ud558\ub77d).\n\n\ub530\ub77c\uc11c \uc720\ub85c\ud654\ub294 \ub2e4\ub978 \uc8fc\uc694 \ud1b5\ud654, \ud2b9\ud788 \ubbf8\uad6d \ub2ec\ub7ec \ub300\ube44 \uc9c0\uc9c0\ub97c \ubc1b\uc744 \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4. EUR\/USD(\uc720\ub85c\/\ub2ec\ub7ec \ud658\uc728)\ub294 \ucd5c\uadfc \uc881\uc740 \ubc94\uc704(\ud0c0\uc774\ud2b8\ud55c \ubc94\uc704: \ud070 \ubc29\ud5a5 \uc5c6\uc774 \uc791\uc740 \ud3ed\uc73c\ub85c \uc6c0\uc9c1\uc784)\uc5d0\uc11c \uc6c0\uc9c1\uc600\uc9c0\ub9cc, \uc774\ubc88 \uc9c0\ud45c\ub294 \uc720\ub85c \ucabd \uae08\ub9ac \uae30\ub300\uac00 \uc720\ub9ac\ud574\uc9c0\uba74\uc11c \uc0c1\uc2b9 \uc6c0\uc9c1\uc784\uc758 \uacc4\uae30(\ucd09\ub9e4: \ubcc0\ud654\ub97c \uc77c\uc73c\ud0a4\ub294 \uc694\uc778)\uac00 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc6b0\ub9ac\ub294 \uc720\ub85c \ucf5c\uc635\uc158(\ucf5c\uc635\uc158: \uc815\ud574\uc9c4 \uae30\uac04 \uc548\uc5d0 \uc815\ud574\uc9c4 \uac00\uaca9\uc73c\ub85c \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub97c \uace0\ub824\ud574, \ucd5c\uadfc \uc800\ud56d\uc120(\uc800\ud56d\uc120: \uac00\uaca9\uc774 \uc62c\ub77c\uac00\ub2e4 \ub9c9\ud788\uae30 \uc26c\uc6b4 \uad6c\uac04) \uc704\ub85c\uc758 \ub3cc\ud30c \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n\uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc740\ud589, \uc5ec\ud589, \uc720\ud1b5\ucc98\ub7fc \uc11c\ube44\uc2a4 \ube44\uc911\uc774 \ud070 \uc5c5\uc885\uc5d0 \uae0d\uc815\uc801\uc785\ub2c8\ub2e4. EURO STOXX 50(\uc720\ub85c\uc874 \ub300\ud45c \ub300\ud615\uc8fc \uc9c0\uc218)\uc740 \uc62c\ud574 \uc774\ubbf8 3% \uc774\uc0c1 \uc62c\ub790\ub294\ub370, \uad00\ub828 \uae30\uc5c5\uc758 \uc774\uc775 \uc804\ub9dd\uc774 \uc88b\uc544\uc9c0\uba74 \ucd94\uac00 \uc0c1\uc2b9 \uc5ec\uc9c0\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uc9c0\uc218\uc758 \uc678\uac00\uaca9(out-of-the-money: \ud604\uc7ac \uac00\uaca9\uc5d0\uc11c \ubc14\ub85c \uc774\uc775\uc774 \ub098\uc9c0 \uc54a\ub294) \ud48b\uc635\uc158(\ud48b\uc635\uc158: \uc815\ud574\uc9c4 \uac00\uaca9\uc73c\ub85c \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\ub3c4\ud558\ub294 \uc804\ub7b5\uc740 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4: \uc635\uc158\uc744 \ud314\uace0 \ubc1b\ub294 \ub300\uac00)\uc744 \ubc1b\ub294 \ubc29\ubc95\uc73c\ub85c \uace0\ub824\ud560 \ub9cc\ud569\ub2c8\ub2e4. \uc774\ubc88 \ubcf4\uace0\uc11c\ub294 \uc2dc\uc7a5\uc5d0 \uae30\ubcf8 \uc9c0\uc9c0\uc120(\ud380\ub354\uba58\ud138 \uc9c0\uc9c0: \uacbd\uae30\u00b7\uc2e4\uc801 \uac19\uc740 \uae30\ucd08 \uc5ec\uac74\uc774 \ubc1b\uccd0\uc8fc\ub294 \uc218\uc900)\uc744 \ub9cc\ub4e4\uc5b4 \uc8fc\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4.\n\n\ub610\ud55c \uc774\ubc88 \ub370\uc774\ud130\ub294 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \ub0ae\uac8c \uc720\uc9c0\ub420 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud569\ub2c8\ub2e4. VSTOXX(\ube0c\uc774\uc2a4\ud1a1\uc2a4: \uc720\ub85c\uc874 \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \ubcc0\ub3d9\uc131\uc744 \ub098\ud0c0\ub0b4\ub294 \uc9c0\uc218)\ub294 \ud558\ub77d \ucd94\uc138\uc600\uace0, \uc774\ub7f0 \uc548\uc815\uc801 \uacbd\uc81c \uc0c1\ud669\uc740 \ubcc0\ub3d9\uc131 \uae09\ub4f1(\uc2a4\ud30c\uc774\ud06c: \uc9e7\uc740 \uc2dc\uac04 \uae09\uaca9\ud55c \uc0c1\uc2b9)\uc744 \ub9cc\ub4e4 \uac00\ub2a5\uc131\uc774 \ub0ae\uc2b5\ub2c8\ub2e4.\n\n

\ub0ae\uc740 \ubcc0\ub3d9\uc131\uc5d0\uc11c\uc758 \uc804\ub7b5<\/h3>\n\ub530\ub77c\uc11c \ubcc0\ub3d9\uc131\uc774 \ub0ae\uac70\ub098 \ub354 \ub0b4\ub824\uac08 \ub54c \uc720\ub9ac\ud55c \uc804\ub7b5, \uc608\ub97c \ub4e4\uc5b4 VSTOXX \uc120\ubb3c(\ubcc0\ub3d9\uc131 \uc120\ubb3c: VSTOXX \uc9c0\uc218\ub97c \uae30\ucd08\ub85c \ud55c \uc120\ubb3c \uacc4\uc57d) \ub9e4\ub3c4\ub294 \uc55e\uc73c\ub85c \uba87 \uc8fc \ub3d9\uc548 \uc218\uc775 \uae30\ud68c\uac00 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\uae5c\uc9dd \uc0c1\ud68c! \uc720\ub85c\uc874 HCOB \uc11c\ube44\uc2a4 PMI\uac00 2\uc6d4 51.9\ub85c \uc608\uc0c1(51.8)\ubcf4\ub2e4 \ub192\uc544 \uacbd\uae30 \ubaa8\uba58\ud140\uc774 \ud655\uc778\ub410\ub2e4. ECB\ub294 \uae08\ub9ac\uc778\ud558\ub97c \ub2a6\ucd9c \uac00\ub2a5\uc131, \uc720\ub85c \uac15\uc138\u00b7\uc8fc\uc2dd(\uc11c\ube44\uc2a4) \uc6b0\ud638, \ubcc0\ub3d9\uc131 \ub0ae\uc544 \ub9e4\ub3c4 \uc804\ub7b5 \uc720\ub9ac. – vtmarkets.com<\/p>\n","protected":false},"author":103,"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-48360","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\/48360","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\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=48360"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/48360\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=48360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=48360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=48360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}