{"id":32179,"date":"2026-03-25T18:54:53","date_gmt":"2026-03-25T18:54:53","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e5%be%b7%e5%9b%bd%e5%95%86%e4%b8%9a%e9%93%b6%e8%a1%8c%e9%a6%96%e5%b8%ad%e7%bb%8f%e6%b5%8e%e5%ad%a6%e5%ae%b6%e7%a7%b0%ef%bc%8c3%e6%9c%88ifo%e6%8c%87%e6%95%b0%e5%a4%a7%e5%b9%85%e4%b8%8b%e6%bb%91\/"},"modified":"2026-03-25T18:54:53","modified_gmt":"2026-03-25T18:54:53","slug":"%e5%be%b7%e5%9b%bd%e5%95%86%e4%b8%9a%e9%93%b6%e8%a1%8c%e9%a6%96%e5%b8%ad%e7%bb%8f%e6%b5%8e%e5%ad%a6%e5%ae%b6%e7%a7%b0%ef%bc%8c3%e6%9c%88ifo%e6%8c%87%e6%95%b0%e5%a4%a7%e5%b9%85%e4%b8%8b%e6%bb%91","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e5%be%b7%e5%9b%bd%e5%95%86%e4%b8%9a%e9%93%b6%e8%a1%8c%e9%a6%96%e5%b8%ad%e7%bb%8f%e6%b5%8e%e5%ad%a6%e5%ae%b6%e7%a7%b0%ef%bc%8c3%e6%9c%88ifo%e6%8c%87%e6%95%b0%e5%a4%a7%e5%b9%85%e4%b8%8b%e6%bb%91\/","title":{"rendered":"\u5fb7\u56fd\u5546\u4e1a\u94f6\u884c\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6\u79f0\uff0c3\u6708Ifo\u6307\u6570\u5927\u5e45\u4e0b\u6ed1\u53cd\u6620\u6218\u4e89\u98ce\u9669\u4e0a\u5347\uff0c\u800c\u975e\u5f53\u524d\u7ecf\u6d4e\u53d7\u635f"},"content":{"rendered":"\u5fb7\u56fd\u5546\u4e1a\u94f6\u884c\uff08Commerzbank\uff09\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6\u514b\u83b1\u9ed8\u535a\u58eb\uff08Dr. J\u00f6rg Kr\u00e4mer\uff09\u8868\u793a\uff0c\u5fb7\u56fd3\u6708Ifo\u5546\u4e1a\u666f\u6c14\u6307\u6570\u4e0b\u8dcc\uff0c\u53cd\u6620\u7684\u662f\u4e0e\u6218\u4e89\u76f8\u5173\u7684\u98ce\u9669\u4e0a\u5347\uff0c\u800c\u4e0d\u662f\u5f53\u524d\u7ecf\u6d4e\u5df2\u7ecf\u53d7\u635f\u3002\u4ed6\u8bf4\uff0c\u5982\u679c\u4e2d\u4e1c\u51b2\u7a81\u6301\u7eed\u3001\u5e76\u4e14\u970d\u5c14\u6728\u5179\u6d77\u5ce1\uff08Strait of Hormuz\uff0c\u5168\u7403\u91cd\u8981\u77f3\u6cb9\u8fd0\u8f93\u901a\u9053\uff09\u88ab\u5173\u95ed\uff0c2026\u5e74\u5fb7\u56fd\u4e0e\u6b27\u5143\u533a\u7684\u7ecf\u6d4e\u589e\u957f\u53ef\u80fd\u51cf\u5c110.4\u4e2a\u767e\u5206\u70b9\uff08percentage points\uff0c\u6307\u589e\u957f\u7387\u201c\u51cf\u5c110.4\u201d\uff0c\u4e0d\u662f\u201c\u51cf\u5c110.4%\u201d\uff09\u3002\n\nIfo\u5546\u4e1a\u666f\u6c14\u6307\u65703\u6708\u4ece88.4\u8dcc\u81f386.4\uff0c\u63a5\u8fd1\u5e02\u573a\u4e00\u81f4\u9884\u671f\u768486.3\u3002\u4f01\u4e1a\u5bf9\u201c\u5f53\u524d\u72b6\u51b5\u201d\u7684\u770b\u6cd5\u7ef4\u6301\u572886.7\u4e0d\u53d8\uff1b\u4f46\u5bf9\u672a\u67656\u4e2a\u6708\u7684\u201c\u9884\u671f\u201d\u4ece90.2\u964d\u81f386.0\u3002\n\n<h3>\u5404\u884c\u4e1a\u60c5\u7eea\u666e\u904d\u8f6c\u5f31<\/h3>\n\u6240\u6709\u4e3b\u8981\u884c\u4e1a\u7684\u4fe1\u5fc3\u90fd\u8d70\u5f31\u3002\u201c\u5f53\u524d\u72b6\u51b5\u201d\u8bfb\u6570\u4e0d\u53d8\uff0c\u8bf4\u660e\u4f01\u4e1a\u57283\u6708\u5c1a\u672a\u76f4\u63a5\u611f\u53d7\u5230\u6218\u4e89\u5e26\u6765\u7684\u5373\u65f6\u51b2\u51fb\u3002\n\n\u9884\u671f\u4e0b\u6ed1\u663e\u793a\u4f01\u4e1a\u62c5\u5fe7\u672a\u6765\u7684\u7ecf\u6d4e\u5f71\u54cd\u3002\u6a21\u578b\u4f30\u7b97\u663e\u793a\uff0c\u5982\u679c\u6218\u4e89\u4e0e\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u5c01\u9501\uff08blockade\uff0c\u6307\u963b\u65ad\u822a\u8fd0\u4e0e\u8d27\u7269\u6d41\u901a\uff09\u518d\u6301\u7eed\u4e00\u5230\u4e24\u4e2a\u6708\uff0c\u4eca\u5e74\u5fb7\u56fd\u4e0e\u6b27\u5143\u533a\u7684\u589e\u957f\u53ef\u80fd\u51cf\u5c11\u7ea60.4\u4e2a\u767e\u5206\u70b9\u3002\n\n\u62a5\u9053\u6307\u51fa\uff0c\u5982\u679c\u51b2\u7a81\u5728\u6570\u65e5\u5185\u7ed3\u675f\u4e14\u672a\u9020\u6210\u91cd\u5927\u7ecf\u6d4e\u5f71\u54cd\uff0c\u8be5\u6307\u6570\u53ef\u80fd\u57284\u6708\u56de\u5347\u3002\u62a5\u9053\u4e5f\u63d0\u5230\uff0c\u672c\u6587\u4f7f\u7528\u4eba\u5de5\u667a\u80fd\u5de5\u5177\u751f\u6210\u5e76\u7531\u7f16\u8f91\u5ba1\u6838\u3002\n\n\u5fb7\u56fdIfo\u201c\u4f01\u4e1a\u9884\u671f\u201d\u4ece90.2\u5927\u8dcc\u81f386.0\uff0c\u77ed\u671f\u5185\u662f\u4e00\u4e2a\u660e\u663e\u8b66\u8baf\uff0c\u4ee3\u8868\u5e02\u573a\u5bf9\u672a\u6765\u7684\u62c5\u5fe7\u8fc5\u901f\u5347\u6e29\uff0c\u4e14\u4e0e\u4e2d\u4e1c\u7d27\u5f20\u5c40\u52bf\u76f4\u63a5\u76f8\u5173\u3002\u5c3d\u7ba1\u201c\u5f53\u524d\u8bc4\u4f30\u201d\u672a\u53d8\uff0c\u4f46\u201c\u73b0\u5b9e\u201d\u4e0e\u201c\u62c5\u5fe7\u201d\u4e4b\u95f4\u7684\u5dee\u8ddd\uff0c\u5f80\u5f80\u4f1a\u5e26\u6765\u4ea4\u6613\u673a\u4f1a\u3002\n\n<h3>\u6ce2\u52a8\u4e0e\u8d27\u5e01\u5bf9\u51b2\u7b56\u7565<\/h3>\n\u6211\u4eec\u8ba4\u4e3a\uff0c\u8fd9\u4e0e2022\u5e74\u91cd\u521b\u5fb7\u56fd\u5de5\u4e1a\u7684\u80fd\u6e90\u4ef7\u683c\u51b2\u51fb\u76f8\u4f3c\u3002\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u82e5\u957f\u671f\u5173\u95ed\u98ce\u9669\u4e0a\u5347\u2014\u2014\u8be5\u6d77\u5ce1\u662f\u5168\u7403\u7ea6\u4e94\u5206\u4e4b\u4e00\u77f3\u6cb9\u4f9b\u5e94\u7684\u5173\u952e\u201c\u74f6\u9888\u201d\uff08chokepoint\uff0c\u6307\u4e00\u65e6\u53d7\u963b\u5c31\u4f1a\u5f71\u54cd\u5927\u91cf\u8fd0\u8f93\u7684\u5173\u952e\u901a\u9053\uff09\u2014\u2014\u5df2\u63a8\u52a8\u5e03\u4f26\u7279\u539f\u6cb9\uff08Brent crude\uff0c\u56fd\u9645\u539f\u6cb9\u57fa\u51c6\u4e4b\u4e00\uff09\u4ef7\u683c\u5728\u8fc7\u53bb\u4e00\u4e2a\u6708\u4e0a\u6da8\u8d85\u8fc715%\u3002\u5728\u8fd9\u79cd\u60c5\u5883\u4e0b\uff0c\u4e70\u5165\u539f\u6cb9\u671f\u8d27\u7684\u770b\u6da8\u671f\u6743\uff08call options\uff0c\u4ef7\u683c\u4e0a\u6da8\u65f6\u83b7\u5229\u7684\u9009\u62e9\u6743\uff09\u53ef\u7528\u6765\u62bc\u6ce8\u8fdb\u4e00\u6b65\u7684\u4f9b\u5e94\u51b2\u51fb\uff08supply-side shocks\uff0c\u6307\u4f9b\u7ed9\u7a81\u7136\u51cf\u5c11\u5bfc\u81f4\u4ef7\u683c\u4e0a\u5347\uff09\u3002\n\n\u8003\u8651\u5230\u6b27\u5143\u533a\u589e\u957f\u53ef\u80fd\u88ab\u62d6\u7d2f0.4\u4e2a\u767e\u5206\u70b9\uff0c\u5e94\u601d\u8003\u4e3a\u6b27\u6d32\u80a1\u5e02\u4e0b\u884c\u505a\u5bf9\u51b2\uff08hedging\uff0c\u6307\u7528\u53e6\u4e00\u7b14\u4ea4\u6613\u6765\u964d\u4f4e\u98ce\u9669\uff09\u3002\u4e70\u5165\u5fb7\u56fdDAX\u6307\u6570\u6216\u66f4\u5e7f\u6cdb\u7684Euro Stoxx 50\u6307\u6570\u7684\u770b\u8dcc\u671f\u6743\uff08put options\uff0c\u4ef7\u683c\u4e0b\u8dcc\u65f6\u83b7\u5229\u7684\u9009\u62e9\u6743\uff09\uff0c\u53ef\u5728\u8fd9\u4e9b\u62c5\u5fe7\u8f6c\u4e3a\u7b2c\u4e8c\u5b63\u771f\u5b9e\u7ecf\u6d4e\u635f\u5bb3\u65f6\u63d0\u4f9b\u4fdd\u62a4\u3002\u5728\u5730\u7f18\u653f\u6cbb\uff08geopolitical\uff0c\u56fd\u5bb6\u4e4b\u95f4\u7684\u653f\u6cbb\u4e0e\u5b89\u5168\u5c40\u52bf\uff09\u4ecd\u672a\u660e\u6717\u524d\uff0c\u8fd9\u662f\u8f83\u7a33\u5065\u7684\u505a\u6cd5\u3002\n\n\u4e0d\u786e\u5b9a\u6027\u63a8\u9ad8\u5e02\u573a\u6ce2\u52a8\uff08volatility\uff0c\u4ef7\u683c\u8d77\u4f0f\u5e45\u5ea6\uff09\uff0cVSTOXX\u6307\u6570\uff08\u8861\u91cf\u6b27\u5143\u533a\u80a1\u5e02\u201c\u9690\u542b\u6ce2\u52a8\u7387\u201d\u7684\u6307\u6807\uff0c\u53ef\u7406\u89e3\u4e3a\u5e02\u573a\u6050\u614c\u6e29\u5ea6\u8ba1\uff09\u76ee\u524d\u9ad8\u4e8e\u957f\u671f\u5e73\u5747\u3002\u5728\u8fd9\u79cd\u73af\u5883\u4e0b\uff0c\u4e70\u5165\u201c\u6ce2\u52a8\u7387\u201d\u7684\u770b\u6da8\u671f\u6743\uff0c\u76f8\u5f53\u4e8e\u62bc\u6ce8\u5e02\u573a\u7126\u8651\u4f1a\u5728\u77ed\u671f\u6301\u7eed\u6216\u52a0\u5267\u3002\n\n\u6b27\u5143\u533a\u82e5\u653e\u7f13\uff0c\u4e5f\u4f1a\u5bf9\u6b27\u5143\u9020\u6210\u538b\u529b\u3002\u6b27\u5143\u5151\u7f8e\u5143\u5df2\u5728\u6d4b\u8bd5\u5173\u952e\u652f\u6491\u4f4d\uff08support levels\uff0c\u4ef7\u683c\u5e38\u88ab\u89c6\u4e3a\u4e0d\u6613\u8dcc\u7834\u7684\u533a\u95f4\uff09\u3002\u56e0\u6b64\u53ef\u5173\u6ce8\u53d7\u60e0\u4e8e\u6b27\u5143\u8d70\u5f31\u7684\u7b56\u7565\uff0c\u4f8b\u5982\u5356\u51faEUR\/USD\u671f\u8d27\uff08futures\uff0c\u7ea6\u5b9a\u672a\u6765\u4ef7\u683c\u4ea4\u6613\u7684\u5408\u7ea6\uff09\u6216\u4e70\u5165\u8be5\u8d27\u5e01\u5bf9\u7684\u770b\u8dcc\u671f\u6743\u3002\n<p>\r\n\r\n<p><strong>\u7acb\u5373\u5f00\u59cb\u4ea4\u6613 &#8211; \u70b9\u51fb<a href=\"https:\/\/www.vtmarketsmy.com\/cn\/trade-now\/\">\u8fd9\u91cc<\/a>\u521b\u5efa\u60a8\u7684 VT Markets \u771f\u5b9e\u8d26\u6237 <\/strong> <\/p>\r\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u5fb7\u56fdIfo\u666f\u6c14\u6307\u6570\u8dcc\u81f386.4\uff0c\u4e3b\u8981\u53cd\u6620\u4e2d\u4e1c\u6218\u4e8b\u98ce\u9669\u5347\u6e29\u975e\u73b0\u51b5\u6076\u5316\u3002\u82e5\u970d\u5c14\u6728\u5179\u5c01\u9501\u5ef6\u7eed\uff0c\u5fb7\u6b27\u589e\u957f\u6216\u5c110.4\u4e2a\u767e\u5206\u70b9\uff0c\u539f\u6cb9\u3001\u6b27\u80a1\u4e0e\u6b27\u5143\u5bf9\u51b2\u673a\u4f1a\u6d6e\u73b0\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-32179","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/32179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=32179"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/32179\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=32179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=32179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=32179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}