{"id":47653,"date":"2026-03-04T12:58:36","date_gmt":"2026-03-04T12:58:36","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/39189\/"},"modified":"2026-03-04T12:58:36","modified_gmt":"2026-03-04T12:58:36","slug":"%e6%b3%95%e5%9c%8b2%e6%9c%88hcob%e7%b6%9c%e5%90%88pmi%e7%ac%a6%e5%90%88%e9%a0%90%e6%9c%9f%e5%a0%b149-9%ef%bc%8c%e9%a1%af%e7%a4%ba%e6%95%b4%e9%ab%94%e5%95%86%e6%a5%ad%e6%b4%bb%e5%8b%95%e6%8e%a5","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/47653\/","title":{"rendered":"\u6cd5\u570b2\u6708HCOB\u7d9c\u5408PMI\u7b26\u5408\u9810\u671f\u583149.9\uff0c\u986f\u793a\u6574\u9ad4\u5546\u696d\u6d3b\u52d5\u63a5\u8fd1\u6301\u5e73"},"content":{"rendered":"\u6cd5\u570b HCOB \u7d9c\u5408\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff08PMI\uff0c\u900f\u904e\u554f\u5377\u6574\u7406\u7684\u666f\u6c23\u6307\u6a19\uff1b50 \u4ee3\u8868\u666f\u6c23\u4e0d\u8b8a\uff0c\u4f4e\u65bc 50 \u4ee3\u8868\u666f\u6c23\u7565\u70ba\u4e0b\u6ed1\uff092 \u6708\u70ba 49.9\uff0c\u7b26\u5408\u9810\u671f\u3002\u4f4e\u65bc 50 \u8868\u793a\u6574\u9ad4\u5546\u696d\u6d3b\u52d5\u5c0f\u5e45\u4e0b\u964d\u3002\n\n\u6578\u64da\u986f\u793a\u6c11\u9593\u90e8\u9580\u7522\u51fa\u5e7e\u4e4e\u6301\u5e73\uff0c\u6574\u9ad4\u4ecd\u7565\u4f4e\u65bc\u300c\u4e0d\u8b8a\u300d\u9580\u6abb\u3002\u9019\u4efd\u5831\u544a\u8868\u793a\u7d93\u6fdf\u5c1a\u672a\u56de\u5230\u660e\u78ba\u6210\u9577\u3002\n\n<h3>\u7a69\u5b9a\u5316\u8a0a\u865f<\/h3>\n\u6cd5\u570b\u7d9c\u5408 PMI \u70ba 49.9\uff0c\u53ef\u8996\u70ba\u78ba\u8a8d 2025 \u5e74\u5e95\u7684\u653e\u7de9\u6b63\u63a5\u8fd1\u843d\u5e95\u3002\u6578\u503c\u7565\u4f4e\u65bc 50 \u7684\u4e2d\u6027\u9580\u6abb\uff0c\u4e14\u7b26\u5408\u9810\u671f\uff0c\u5e02\u5834\u77ed\u671f\u6ce2\u52d5\u53ef\u80fd\u964d\u4f4e\u3002\u9019\u4ee3\u8868 CAC 40 \u6307\u6578\uff08\u6cd5\u570b\u80a1\u5e02\u4e3b\u8981\u6307\u6578\uff09\u7684\u77ed\u5929\u671f\u9078\u64c7\u6b0a\uff08\u5230\u671f\u65e5\u8f03\u8fd1\u7684\u9078\u64c7\u6b0a\uff09\u8ce3\u65b9\u7b56\u7565\u53ef\u80fd\u53ef\u884c\uff1a\u8ce3\u51fa\u77ed\u5929\u671f\u9078\u64c7\u6b0a\u4ee5\u6536\u53d6\u6b0a\u5229\u91d1\uff08premium\uff0c\u8cb7\u65b9\u70ba\u53d6\u5f97\u6b0a\u5229\u652f\u4ed8\u7684\u8cbb\u7528\uff09\uff0c\u56e0\u70ba\u51fa\u73fe\u5927\u5e45\u50f9\u683c\u885d\u64ca\u7684\u6a5f\u7387\u8f03\u4f4e\u3002\n\n2 \u6708\u6578\u64da\u5ef6\u7e8c\u81ea 2025 \u5e74 12 \u6708 47.5 \u4ee5\u4f86\u7684\u56de\u5347\u8d70\u52e2\u3002\u8003\u91cf\u6b50\u5143\u5340\u901a\u81a8\u4e0a\u9031\u964d\u81f3\u5169\u5e74\u4f4e\u9ede 2.2%\uff0c\u7d93\u6fdf\u6d3b\u52d5\u8f49\u7a69\u8b93\u5e02\u5834\u66f4\u76f8\u4fe1\u6b50\u6d32\u592e\u884c\uff08ECB\uff0c\u6b50\u5143\u5340\u7684\u4e2d\u592e\u9280\u884c\uff09\u53ef\u80fd\u958b\u59cb\u964d\u606f\u3002\u6211\u5011\u76ee\u524d\u4f30\u8a08 2026 \u5e74 6 \u6708\u6703\u8b70\u9996\u6b21\u964d\u606f\u7684\u6a5f\u7387\u8d85\u904e 80%\u3002\n\n\u56e0\u6b64\uff0c\u53ef\u8003\u616e\u914d\u7f6e\u53d7\u60e0\u65bc\u5229\u7387\u4e0b\u6ed1\u7684\u90e8\u4f4d\u3002\u6211\u5011\u8a8d\u70ba\u53ef\u7559\u610f\u7b2c 3\u30014 \u5b63\u7684 Euribor\uff08\u6b50\u5143\u9280\u884c\u540c\u696d\u62c6\u501f\u5229\u7387\uff09\u671f\u8ca8\u5408\u7d04\uff0c\u56e0\u70ba\u5e02\u5834\u5c0d\u5e74\u5e95\u524d\u7b2c\u4e8c\u6b21\u964d\u606f\u7684\u53cd\u6620\u4ecd\u4e0d\u5b8c\u5168\u3002PMI \u505c\u6eef\u4f46\u672a\u60e1\u5316\uff0c\u8b93\u6b50\u6d32\u592e\u884c\u6709\u7a7a\u9593\u958b\u59cb\u653e\u9b06\u653f\u7b56\uff08easing policy\uff0c\u900f\u904e\u964d\u606f\u7b49\u65b9\u5f0f\u8b93\u8cc7\u91d1\u6210\u672c\u4e0b\u964d\uff09\uff0c\u800c\u4e0d\u5fc5\u64d4\u5fc3\u7d93\u6fdf\u7acb\u523b\u53cd\u5f48\u3001\u518d\u5ea6\u63a8\u5347\u901a\u81a8\u3002\n\n\u56de\u9867 2024 \u5e74\u521d\u7684\u5e02\u5834\u8d70\u52e2\uff0c\u4e5f\u66fe\u51fa\u73fe\u985e\u4f3c\u60c5\u5883\uff1a\u6210\u9577\u504f\u5f31\uff0c\u4f46\u592e\u884c\u53ef\u80fd\u964d\u606f\u7684\u9810\u671f\u5e36\u52d5\u80a1\u5e02\u4e0a\u6f32\u3002\u9019\u6bb5\u6b77\u53f2\u986f\u793a\uff0c\u53ef\u8003\u616e\u8cb7\u5165\u6b50\u6d32\u9280\u884c\u80a1\u7684\u8cb7\u6b0a\uff08call options\uff0c\u672a\u4f86\u4ee5\u7d04\u5b9a\u50f9\u683c\u8cb7\u5165\u7684\u6b0a\u5229\uff09\uff0c\u4e00\u65e6\u958b\u59cb\u964d\u606f\uff0c\u6b96\u5229\u7387\u66f2\u7dda\u66f4\u9661\u5ced\uff08yield curve steepening\uff0c\u9577\u77ed\u671f\u5229\u7387\u5dee\u8ddd\u64f4\u5927\uff09\u8207\u653e\u8cb8\u60c5\u7dd2\u6539\u5584\u53ef\u80fd\u5e36\u4f86\u5229\u591a\u3002\u7576\u524d\u74b0\u5883\u76f8\u8fd1\uff1a\u504f\u5f31\u7684\u7d93\u6fdf\u6d88\u606f\u958b\u59cb\u88ab\u5e02\u5834\u89e3\u8b80\u70ba\u5c0d\u8cc7\u7522\u50f9\u683c\u6709\u5229\u3002\n\n<h3>\u9700\u8981\u95dc\u6ce8\u7684\u4e3b\u8981\u98a8\u96aa<\/h3>\n\u4e0d\u904e\uff0c\u4e0b\u4e00\u6b21 PMI \u7684\u670d\u52d9\u696d\u5206\u9805\u9700\u5bc6\u5207\u89c0\u5bdf\u3002\u670d\u52d9\u696d\u4e00\u76f4\u662f\u6490\u4f4f\u7d93\u6fdf\u7684\u4e3b\u529b\uff0c\u82e5\u51fa\u73fe\u660e\u986f\u8f49\u5f31\uff0c\u53ef\u80fd\u63a8\u7ffb\u6eab\u548c\u5fa9\u7526\u7684\u8aaa\u6cd5\uff0c\u4e26\u8b93\u5e02\u5834\u9032\u5165\u300c\u504f\u907f\u96aa\u300d\uff08risk-off\uff0c\u8cc7\u91d1\u8f49\u5411\u8f03\u5b89\u5168\u8cc7\u7522\uff09\u7684\u6c1b\u570d\u3002\u6b64\u6642\uff0c\u5c0d\u4efb\u4f55\u770b\u591a\u90e8\u4f4d\u800c\u8a00\uff0c\u4f7f\u7528 Euro STOXX 50 \u6307\u6578\uff08\u6b50\u5143\u5340\u5927\u578b\u80a1\u6307\u6578\uff09\u7684\u4fdd\u8b77\u6027\u8ce3\u6b0a\uff08protective put\uff0c\u8cb7\u5165\u8ce3\u6b0a\u4ee5\u9650\u5236\u4e0b\u8dcc\u98a8\u96aa\uff09\u4f5c\u70ba\u907f\u96aa\u6703\u8f03\u7a69\u5065\u3002\n<p>\n\n<p><strong>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 &#8211; \u9ede\u64ca<a href=\"https:\/\/www.vtmarketsglobal.com\/trade-now\/\">\u9019\u88e1<\/a>\u5275\u5efa\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u6cd5\u570b\u7d9c\u5408PMI 2\u670849.9\u8cbc\u8fd150\uff1a\u666f\u6c23\u5e7e\u4e4e\u6301\u5e73\u3001\u653e\u7de9\u8fd1\u843d\u5e95\uff01\u5e02\u5834\u62bc\u6ce8ECB 2026\u5e74\u964d\u606f\uff0c\u504f\u591a\u5229\u7387\u8207\u9280\u884c\u80a1\uff1b\u60df\u670d\u52d9\u696d\u8f49\u5f31\u6050\u89f8\u767c\u907f\u96aa\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-47653","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\/47653","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=47653"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/47653\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=47653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=47653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=47653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}