{"id":47896,"date":"2026-05-22T09:46:53","date_gmt":"2026-05-22T09:46:53","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47896\/"},"modified":"2026-05-22T09:46:53","modified_gmt":"2026-05-22T09:46:53","slug":"%e6%b3%95%e5%9c%8b%e8%a3%bd%e9%80%a0%e6%a5%adpmi%e9%81%9c%e9%a0%90%e6%9c%9f%e6%8b%96%e7%b4%afcac-40%e8%b5%b0%e5%bc%b1%ef%bc%8c%e4%bb%a4%e6%ad%90%e5%85%83%e6%89%bf%e5%a3%93%e4%b8%a6%e5%bd%b1%e9%9f%bf","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/47896\/","title":{"rendered":"\u6cd5\u570b\u88fd\u9020\u696dPMI\u905c\u9810\u671f\u62d6\u7d2fCAC 40\u8d70\u5f31\uff0c\u4ee4\u6b50\u5143\u627f\u58d3\u4e26\u5f71\u97ff\u6b50\u6d32\u592e\u884c\u5229\u7387\u524d\u666f"},"content":{"rendered":"

\u6cd5\u570b HCOB \u88fd\u9020\u696d\u63a1\u8cfc\u7d93\u7406\u6307\u6578\uff08PMI\uff0c\u7528\u4f86\u8861\u91cf\u88fd\u9020\u696d\u666f\u6c23\u7684\u8abf\u67e5\u6307\u6a19\uff095 \u6708\u5831 48.9\uff0c\u4f4e\u65bc\u5e02\u5834\u9810\u671f\u7684 52.5\u3002<\/p>\n

PMI \u4f4e\u65bc 50 \u4ee3\u8868\u88fd\u9020\u696d\u6d3b\u52d5\u6536\u7e2e\u30025 \u6708\u6578\u5b57\u8f03\u9810\u6e2c\u4f4e 3.6 \u9ede\u3002<\/p>\n

\u6cd5\u570b\u88fd\u9020\u696d\u610f\u5916\u6536\u7e2e<\/h3>\n

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\u80a1\u5e02\u65b9\u9762\uff0c\u6cd5\u570b\u66dd\u5149\u8f03\u9ad8\u7684\u5de5\u696d\u80a1\u53ca\u5468\u671f\u80a1\uff08Cyclical\uff0c\u53d7\u7d93\u6fdf\u666f\u6c23\u5f71\u97ff\u8f03\u5927\uff09\u6216\u660e\u986f\u8dd1\u8f38\u3002\u4e00\u500b\u76f8\u5c0d\u50f9\u503c\uff08Relative value\uff0c\u6bd4\u8f03\u5169\u500b\u5e02\u5834\u6216\u8cc7\u7522\u5f37\u5f31\uff09\u7684\u90e8\u7f72\u662f\uff1a\u6cbd\u7a7a CAC 40\uff0c\u540c\u6642\u8cb7\u5165\u5fb7\u570b DAX \u6307\u6578\uff0c\u4ee5\u6e1b\u4f4e\u6574\u9ad4\u6b50\u6d32\u60c5\u7dd2\u6ce2\u52d5\u7684\u5f71\u97ff\uff0c\u540c\u6642\u6355\u6349\u6cd5\u570b\u6578\u64da\u6240\u7a81\u986f\u7684\u7279\u5b9a\u5f31\u52e2\u3002<\/p>\n

\u6e96\u5099\u8fce\u63a5\u66f4\u9ad8\u6ce2\u52d5<\/h3>\n

\u9019\u6b21\u6578\u64da\u610f\u5916\u5e45\u5ea6\u5927\uff0c\u610f\u5473\u5e02\u5834\u77ed\u671f\u6216\u9032\u5165\u66f4\u9ad8\u6ce2\u52d5\u671f\u3002\u53ef\u8003\u616e\u8cb7\u5165 VSTOXX \u8a8d\u8cfc\u671f\u6b0a\uff08Call option\uff0c\u62bc\u6ce8\u4e0a\u5347\u7684\u671f\u6b0a\uff09\uff0c\u4ee5\u53d7\u60e0\u65bc\u6b50\u6d32\u85cd\u7c4c\u80a1\u6ce2\u52d5\u7387\u6307\u6578\uff08Euro Stoxx 50 \u6ce2\u52d5\u7387\u6307\u6a19\uff09\u4e0a\u5347\u3002\u9019\u4ea6\u53ef\u4f5c\u5c0d\u6c96\u5de5\u5177\uff0c\u5c24\u5176\u672a\u4f86\u5169\u5468\u4ecd\u6709\u66f4\u591a\u6b50\u5143\u5340\u901a\u8139\u6578\u64da\u516c\u5e03\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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