由原文自动翻译 · 阅读原文 (English)
拉加德最近对通胀的鹰派言论，即使出现了一些软化迹象，也意味着欧洲央行显然尚未摆脱困境，我们也是。他们正试图走钢丝，在控制通胀和不扼杀仅有的增长之间取得平衡。他们这种持续的“观望”游戏让我目前对欧洲股市非常谨慎。如果CPI再次走高，DAX和富时指数将非常容易受到进一步加息的影响。我目前将我的观察名单限制在防御性股票和非常有选择性的价值股上，避开任何依赖宽松信贷或强劲消费者支出的股票。昨天$FFR在相对清淡的交易量下跳涨近1.3%，这凸显了整体利率敏感性。你在大宗商品期货中也看到了类似的紧张情绪，比如$ZS上涨近4%，这表明欧洲央行不能忽视更广泛的供应担忧。
Totally agree. It feels like they're in a tough spot where any move could backfire, which just adds to the general uncertainty. Are you mainly concerned about the immediate term or do you see this as a longer-term drag on EU equities?
I agree, that tightrope walk is making the equities market very skittish. Do you think the ECB has much room to maneuver if growth really starts to falter, or are they truly boxed in by inflation targets?
Traderforum · 简体中文