{"id":46821,"date":"2026-05-06T10:48:58","date_gmt":"2026-05-06T10:48:58","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46821\/"},"modified":"2026-05-06T10:48:58","modified_gmt":"2026-05-06T10:48:58","slug":"%e6%b3%95%e5%9c%8b%e6%9c%8d%e5%8b%99%e6%a5%adpmi%e6%8c%81%e5%b9%b3%e6%96%bc46-5%ef%bc%8c%e7%a2%ba%e8%aa%8d%e6%94%b6%e7%b8%ae%e4%b8%a6%e6%8e%a8%e9%ab%98%e5%b8%82%e5%a0%b4%e5%b0%8d%e6%ad%90%e6%b4%b2","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/46821\/","title":{"rendered":"\u6cd5\u570b\u670d\u52d9\u696dPMI\u6301\u5e73\u65bc46.5\uff0c\u78ba\u8a8d\u6536\u7e2e\u4e26\u63a8\u9ad8\u5e02\u5834\u5c0d\u6b50\u6d32\u592e\u884c\u6e1b\u606f\u9810\u671f"},"content":{"rendered":"<p>\u6cd5\u570b HCOB \u670d\u52d9\u696d PMI\uff08\u63a1\u8cfc\u7d93\u7406\u6307\u6578\uff0c\u7528\u4f5c\u8861\u91cf\u884c\u696d\u666f\u6c23\u7684\u8abf\u67e5\u6307\u6a19\uff094 \u6708\u5831 46.5\uff0c\u7b26\u5408\u9810\u671f\u3002<\/p>\n<p>PMI \u4f4e\u65bc 50 \u4ee3\u8868\u6d3b\u52d5\u4e0b\u8dcc\u30024 \u6708\u6578\u5b57\u986f\u793a\u6cd5\u570b\u670d\u52d9\u696d\u6301\u7e8c\u6536\u7e2e\u3002<\/p>\n<h3>France Services Sector Still Contracting<\/h3>\n<p>\u6cd5\u570b 2026 \u5e74 4 \u6708\u670d\u52d9\u696d PMI \u70ba 46.5\uff0c\u78ba\u8a8d\u884c\u696d\u4ecd\u5728\u6536\u7e2e\u3002\u7531\u65bc\u6578\u5b57\u8207\u5e02\u5834\u9810\u671f\u4e00\u81f4\uff0c\u6cd5\u570b\u80a1\u7968\u53ca\u6b50\u5143\u672a\u898b\u660e\u986f\u5373\u6642\u53cd\u61c9\uff0c\u4f46\u9032\u4e00\u6b65\u53cd\u6620\u6b50\u5143\u5340\u7d93\u6fdf\u7684\u6838\u5fc3\u90e8\u5206\u4ecd\u7136\u504f\u5f31\u3002<\/p>\n<p>\u6cd5\u570b\u75b2\u5f31\uff0c\u8207\u8fd1\u671f\u6578\u64da\u986f\u793a\u6b50\u5143\u5340\u901a\u8139\u4ecd\u504f\u9ad8\u5f62\u6210\u5c0d\u6bd4\uff1b\u6b50\u5143\u5340\u901a\u8139\u70ba 2.5%\uff0c\u4ecd\u672a\u56de\u843d\u81f3 2% \u76ee\u6a19\uff0c\u4ee4\u6b50\u6d32\u592e\u884c\u4e0b\u4e00\u6b65\u66f4\u96e3\u6c7a\u5b9a\u3002\u52a0\u4e0a\u7b2c\u4e00\u5b63 GDP\uff08\u672c\u5730\u751f\u7522\u7e3d\u503c\uff0c\u53cd\u6620\u6574\u9ad4\u7d93\u6fdf\u589e\u9577\uff09\u50c5\u589e 0.1%\uff0c\u5728\u901a\u8139\u672a\u5b8c\u5168\u9054\u6a19\u4e0b\uff0c\u6e1b\u606f\u58d3\u529b\u589e\u52a0\uff0c\u5e02\u5834\u9810\u671f\u6b50\u6d32\u592e\u884c\u672a\u4f86\u6578\u6708\u53d6\u614b\u504f\u5411\u5bec\u9b06\u3002<\/p>\n<p>\u7531\u65bc\u7f3a\u4e4f\u610f\u5916\uff0cCAC 40 \u6307\u6578\u671f\u6b0a\uff08\u4ee5\u6307\u6578\u4f5c\u6a19\u7684\u7684\u9078\u64c7\u6b0a\u5408\u7d04\uff09\u7684\u96b1\u542b\u6ce2\u5e45\uff08\u671f\u6b0a\u50f9\u683c\u53cd\u6620\u7684\u672a\u4f86\u6ce2\u52d5\u9810\u671f\uff09\u6216\u6709\u90e8\u7f72\u7a7a\u9593\u3002\u53ef\u8003\u616e\u6cbd\u51fa\u77ed\u671f\u671f\u6b0a\u8de8\u5f0f\u7d44\u5408\uff08straddle\uff1a\u540c\u6642\u8ce3\u51fa\u540c\u5230\u671f\u3001\u540c\u57f7\u884c\u50f9\u7684\u8a8d\u8cfc\u8207\u8a8d\u6cbd\u671f\u6b0a\uff09\uff0c\u6536\u53d6\u671f\u6b0a\u91d1\uff0c\u8ced\u5e02\u6cc1\u77ed\u671f\u5df2\u53cd\u6620\u653e\u7de9\u3002\u8f03\u5927\u98a8\u96aa\u4e0d\u5728\u5df2\u77e5\u6578\u64da\uff0c\u800c\u662f\u4e4b\u5f8c\u51fa\u73fe\u7a81\u767c\u6d88\u606f\u6216\u4e0b\u6ed1\u901f\u5ea6\u5feb\u65bc\u9810\u671f\u3002<\/p>\n<p>\u56de\u9867 2025 \u5e74\u4e00\u9023\u4e32\u52a0\u606f\uff0c\u5176\u58d3\u6291\u7d93\u6fdf\u7684\u6548\u679c\u5df2\u66f4\u660e\u986f\u3002\u56e0\u6b64\uff0c\u53ef\u7559\u610f\u5229\u7387\u671f\u8ca8\uff08\u4ee5\u672a\u4f86\u5229\u7387\u6c34\u5e73\u70ba\u6a19\u7684\u7684\u5408\u7d04\uff09\uff0c\u4f8b\u5982\u8207 Euribor\uff08\u6b50\u5143\u5340\u9280\u884c\u540c\u696d\u62c6\u606f\u3001\u5e38\u7528\u5229\u7387\u57fa\u6e96\uff09\u639b\u920e\u7684\u7522\u54c1\uff0c\u90e8\u7f72 2026 \u5e74\u7b2c\u4e09\u6216\u7b2c\u56db\u5b63\u6f5b\u5728\u6e1b\u606f\u3002\u7d93\u6fdf\u9577\u671f\u504f\u5f31\uff0c\u4ee4\u592e\u884c\u66f4\u96e3\u7dad\u6301\u73fe\u6642\u504f\u7dca\u7684\u653f\u7b56\u3002<\/p>\n<h3>Implications For Euro And Rates<\/h3>\n<p>\u6b50\u5143\u5340\u504f\u5f31\u3001\u800c\u7f8e\u570b\u7d93\u6fdf\u76f8\u5c0d\u66f4\u7a69\uff0c\u6216\u652f\u6301\u7f8e\u5143\u6301\u7e8c\u504f\u5f37\u3002\u53ef\u7528\u884d\u751f\u5de5\u5177\uff08\u7528\u4f86\u5c0d\u6c96\u6216\u6295\u6a5f\u7684\u91d1\u878d\u5408\u7d04\uff09\u8868\u9054\u770b\u6de1 EUR\/USD\uff08\u6b50\u5143\u514c\u7f8e\u5143\uff09\u89c0\u9ede\uff1b\u8cb7\u5165\u6b50\u5143\u8a8d\u6cbd\u671f\u6b0a\uff08put option\uff1a\u5728\u5230\u671f\u524d\u4ee5\u6307\u5b9a\u50f9\u683c\u8ce3\u51fa\u6a19\u7684\u7684\u6b0a\u5229\uff09\u53ef\u7528\u8f03\u4f4e\u6210\u672c\u62bc\u6ce8\u672a\u4f86\u6578\u5468\u9032\u4e00\u6b65\u4e0b\u8dcc\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6cd5\u570b\u670d\u52d9\u696dPMI\u7e8c\u505c46.5\u6536\u7e2e\u5340\u9593\uff0c\u9700\u6c42\u75b2\u5f31\u672a\u6539\u5584\uff1b\u6295\u8cc7\u8005\u62bc\u6ce8\u6b50\u6d32\u592e\u884c\u66f4\u5feb\u6e1b\u606f\uff0c\u6b50\u5143\u53ca\u50b5\u5e02\u6216\u518d\u6380\u6ce2\u52d5\uff0c\u95dc\u6ce8\u653f\u7b56\u62d0\u9ede\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-46821","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\/wp-json\/wp\/v2\/posts\/46821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=46821"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/46821\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=46821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=46821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=46821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}