{"id":46818,"date":"2026-05-06T10:23:04","date_gmt":"2026-05-06T10:23:04","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46818\/"},"modified":"2026-05-06T10:23:04","modified_gmt":"2026-05-06T10:23:04","slug":"%e8%a5%bf%e7%8f%ad%e7%89%99%e6%9c%8d%e5%8b%99%e6%a5%adpmi%e6%96%bc4%e6%9c%88%e6%80%a5%e6%8c%ab%e8%87%b347-9%ef%bc%8cibex%e3%80%81%e6%ad%90%e5%85%83%e5%8f%8a%e5%82%b5%e5%88%b8%e6%89%bf%e5%a3%93","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/46818\/","title":{"rendered":"\u897f\u73ed\u7259\u670d\u52d9\u696dPMI\u65bc4\u6708\u6025\u632b\u81f347.9\uff0cIBEX\u3001\u6b50\u5143\u53ca\u50b5\u5238\u627f\u58d3"},"content":{"rendered":"<p>\u897f\u73ed\u7259 HCOB \u670d\u52d9\u696d\u63a1\u8cfc\u7d93\u7406\u6307\u6578\uff08PMI\uff0c\u53cd\u6620\u4f01\u696d\u65b0\u589e\u8a02\u55ae\u3001\u5c31\u696d\u3001\u6295\u5165\u6210\u672c\u7b49\u666f\u6c23\u7684\u8abf\u67e5\u6307\u6a19\uff094 \u6708\u9304\u5f97 47.9\uff0c\u4f4e\u65bc\u5e02\u5834\u9810\u671f\u7684 52\u3002<\/p>\n<p>PMI \u4f4e\u65bc 50 \u4ee3\u8868\u670d\u52d9\u696d\u6d3b\u52d5\u840e\u7e2e\uff08\u5373\u8f03\u4e0a\u6708\u8f49\u5dee\uff09\u3002\u56e0\u6b64\uff0c4 \u6708\u6578\u64da\u986f\u793a\u670d\u52d9\u696d\u7522\u51fa\u8f03\u4e0a\u6708\u4e0b\u8dcc\u3002<\/p>\n<h3>Market Implications For Spain<\/h3>\n<p>\u897f\u73ed\u7259 4 \u6708\u670d\u52d9\u696d PMI \u610f\u5916\u6025\u8dcc\u81f3 47.9\uff0c\u986f\u793a\u670d\u52d9\u696d\u8f49\u70ba\u6536\u7e2e\uff0c\u5e02\u5834\u660e\u986f\u672a\u6709\u6e96\u5099\u3002\u7531\u65bc\u670d\u52d9\u696d\u7d04\u4f54\u897f\u73ed\u7259\u7d93\u6fdf 70%\uff0c\u9019\u9805\u55ae\u4e00\u6578\u64da\u5df2\u53cd\u6620\u7d93\u6fdf\u653e\u7de9\u98a8\u96aa\u4e0a\u5347\uff0c\u77ed\u671f\u6216\u70ba\u897f\u73ed\u7259\u8cc7\u7522\u5e36\u4f86\u4e0b\u884c\u58d3\u529b\uff08\u5373\u50f9\u683c\u53d7\u58d3\uff09\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u53ef\u8003\u616e\u5728 IBEX 35 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options\uff0c\u4e00\u7a2e\u5728\u6307\u5b9a\u6642\u9593\u4ee5\u6307\u5b9a\u50f9\u683c\u8ce3\u51fa\u8cc7\u7522\u7684\u5408\u7d04\uff0c\u7528\u4f5c\u5c0d\u6c96\u6216\u62bc\u6ce8\u4e0b\u8dcc\uff09\u53ef\u4f5c\u70ba\u61c9\u5c0d\u6f5b\u5728\u56de\u843d\u7684\u65b9\u5f0f\u3002<\/p>\n<p>\u6b50\u5143\u5340\u7b2c\u56db\u5927\u7d93\u6fdf\u9ad4\u7684\u6578\u64da\u8f49\u5f31\uff0c\u6216\u62d6\u7d2f\u6b50\u5143\u8d70\u52e2\u3002\u7576\u7f8e\u570b\u8fd1\u671f\u7d93\u6fdf\u6578\u64da\u76f8\u5c0d\u7a69\u5065\uff0c\u9019\u4efd\u5831\u544a\u589e\u52a0\u770b\u6de1\u6b50\u5143\u7684\u7406\u64da\u3002\u53ef\u8003\u616e\u6cbd\u7a7a EUR\/USD\uff08\u5373\u505a\u7a7a\u6b50\u5143\u514c\u7f8e\u5143\u8ca8\u5e63\u5c0d\uff09\uff0c\u62bc\u6ce8\u5e02\u5834\u4e0b\u8abf\u6b50\u5143\u5340\u589e\u9577\u9810\u6e2c\u5f8c\u532f\u50f9\u56de\u843d\u3002<\/p>\n<p>\u6b64\u5916\uff0c\u9019\u4efd\u5831\u544a\u4ee4\u6b50\u6d32\u592e\u884c\uff08ECB\uff09\u7684\u653f\u7b56\u90e8\u7f72\u66f4\u68d8\u624b\uff1a\u7576\u5c40\u4ecd\u9700\u61c9\u5c0d\u6838\u5fc3\u901a\u8139\uff08\u6263\u9664\u80fd\u6e90\u3001\u98df\u54c1\u7b49\u6ce2\u52d5\u8f03\u5927\u9805\u76ee\u7684\u901a\u8139\uff0c\u66f4\u80fd\u53cd\u6620\u4e2d\u671f\u7269\u50f9\u58d3\u529b\uff09\u5728\u63a5\u8fd1 3% \u6c34\u5e73\u5f98\u5f8a\u3002\u7d93\u6fdf\u964d\u6eab\u8a0a\u865f\u589e\u52a0\uff0c\u6216\u52a0\u5927\u5e02\u5834\u5c0d ECB \u8f49\u5411\u504f\u9d3f\uff08dovish\uff0c\u5373\u8f03\u50be\u5411\u5bec\u9b06\u3001\u5c0d\u52a0\u606f\u66f4\u5be9\u614e\uff09\u7684\u9810\u671f\uff0c\u751a\u81f3\u62bc\u6ce8\u5e74\u5167\u7a0d\u5f8c\u6e1b\u606f\u3002\u53ef\u900f\u904e\u5229\u7387\u671f\u8ca8\uff08interest rate futures\uff0c\u8207\u672a\u4f86\u5229\u7387\u6c34\u5e73\u639b\u920e\u7684\u5408\u7d04\uff09\u4f5c\u90e8\u7f72\uff0c\u82e5\u5e02\u5834\u9810\u671f\u5229\u7387\u4e0b\u8abf\uff0c\u76f8\u95dc\u5408\u7d04\u50f9\u683c\u901a\u5e38\u53d7\u60e0\u3002<\/p>\n<p>\u56de\u9867 2025 \u5e74\u4e4b\u524d\uff0c2022 \u5e74\u5e95\u4ea6\u66fe\u51fa\u73fe\u985e\u4f3c\u653e\u7de9\uff1a\u80fd\u6e90\u50f9\u683c\u885d\u64ca\u4ee4\u670d\u52d9\u696d\u6d3b\u52d5\u9023\u7e8c\u6578\u6708\u8dcc\u7a7f 50\uff0c\u5176\u5f8c\u5e02\u5834\u6ce2\u52d5\u4e0a\u5347\uff0c\u6b50\u6d32\u589e\u9577\u9810\u671f\u4ea6\u88ab\u91cd\u65b0\u5b9a\u50f9\u3002\u4eca\u6b21\u8207\u9810\u671f\u843d\u5dee\u64f4\u5927\uff0c\u4ea6\u5e36\u4f86\u76f8\u8fd1\u7684\u4e0d\u78ba\u5b9a\u6027\u3002<\/p>\n<h3>Spanish Sovereign Risk Watch<\/h3>\n<p>\u6d88\u606f\u4ea6\u53ef\u80fd\u63a8\u9ad8\u5e02\u5834\u5c0d\u897f\u73ed\u7259\u4e3b\u6b0a\u50b5\u52d9\uff08sovereign debt\uff0c\u5373\u653f\u5e9c\u501f\u6b3e\u767c\u884c\u7684\u570b\u50b5\uff0f\u653f\u5e9c\u50b5\uff09\u98a8\u96aa\u7684\u8a55\u4f30\u3002\u53ef\u7559\u610f\u897f\u73ed\u7259\u8207\u5fb7\u570b\u653f\u5e9c\u50b5\u606f\u5dee\uff08spread\uff0c\u5373\u5169\u570b\u570b\u50b5\u5b73\u606f\u7387\u4e4b\u5dee\uff0c\u5e38\u7528\u4f5c\u8861\u91cf\u98a8\u96aa\u6ea2\u50f9\uff09\uff0c\u9810\u671f\u6216\u64f4\u95ca\u3002\u82e5\u8981\u76f4\u63a5\u90e8\u7f72\uff0c\u53ef\u8003\u616e\u8cb7\u5165\u897f\u73ed\u7259\u4e3b\u6b0a\u50b5 CDS \u4fdd\u8b77\uff08credit default swap\uff0c\u4fe1\u7528\u9055\u7d04\u6389\u671f\uff1b\u76f8\u7576\u65bc\u70ba\u50b5\u52d9\u9055\u7d04\u98a8\u96aa\u8cb7\u4fdd\u96aa\uff09\uff0c\u4f5c\u70ba\u5c0d\u6c96\u4fe1\u8cb8\u98a8\u96aa\u4e0a\u5347\u7684\u5de5\u5177\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u897f\u73ed\u72594\u6708\u670d\u52d9\u696dPMI\u6025\u632b\u81f347.9\u3001\u8dcc\u7834\u76db\u8870\u7dda\uff0c\u8870\u9000\u8b66\u865f\u97ff\u8d77\uff01IBEX\u53d7\u58d3\u56de\u5410\uff0c\u6b50\u5143\u8d70\u5f31\uff0c\u50b5\u5238\u6ce2\u52d5\u5347\u6eab\uff0c\u5e02\u5834\u98a8\u96aa\u60c5\u7dd2\u6025\u8f49\u6de1\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46818","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\/zh-ca\/wp-json\/wp\/v2\/posts\/46818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=46818"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/46818\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=46818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=46818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=46818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}