<p>欧洲晨间快讯 - 混乱的美国贸易变动让市场感到谨慎</p><p>Rae Wee 带您展望欧洲和全球市场的未来一天</p><p>在唐纳德·特朗普对威胁征收 50% 关税的反转后，英国市场在长周末后可能会在周二强劲回归，尽管他不稳定的政策变动可能使得这种上涨短暂。</p><p>FTSE 期货在亚洲大幅上涨，华尔街期货同样指向强劲开盘，此前现金市场因假期在上一交易日关闭。</p><p>然而，亚洲股市在周二回落，表明投资者仍然犹豫不决。</p><p>美国总统对欧盟关税的最新反转强化了他的贸易政策多么不可预测，并削弱了投资者对美国经济的脆弱信心。</p><p>临时的贸易缓解对美元几乎没有帮助，周二美元仍然徘徊在一个月来的最低点，并且预计将连续第五个月对一篮子主要货币下跌。这将是自 2017 年以来最长的连跌记录。</p><p>周二的数据日历上几乎没有重要数据，投资者将关注本周晚些时候的事件，包括英伟达的财报。</p><p>这家人工智能领军企业预计将在周三报告第一季度收入增长 65.9%，华尔街将密切关注其对美国对中国的 AI 芯片销售的出口限制影响的线索。</p><p>消息人士告诉路透社，英伟达将以显著低于其最近限制的 H20 型号的价格推出一款新的人工智能芯片，并计划最早在 6 月开始大规模生产。</p><p>本周还有美联储政策制定者的讲话，以及周五的美国核心 PCE 价格指数数据，这可能为利率前景提供线索。</p><p>由日本银行及其附属智库主办的为期两天的年度会议于周二启动，全球央行行长在东京的聚会将集中讨论两个令人不安的现实：经济增长乏力和顽固的通货膨胀。</p><p>可能影响周二市场的关键发展：</p><p>- 2025 年东京 BOJ-IMES 会议</p><p>- 2025 年拉斯维加斯比特币会议</p><p>- 法国初步通胀（5 月）</p>

英伟达

<p>欧洲市场预计将强劲开盘，因为唐纳德·特朗普对提议的 50% 关税进行了逆转，尽管对他不可预测的贸易政策仍然存在担忧。美元依然疲软，面临自 2017 年以来最长的连跌纪录。投资者关注英伟达即将发布的财报以及美联储政策制定者的讲话，同时东京的一场会议讨论经济增长和通胀问题。主要市场影响因素包括日本银行-IMES 会议、比特币 2025 会议和法国通胀数据</p>

<p>MORNING BID EUROPE-Chaotic US trade shifts leave markets wary</p>
<div class="lb-trans"><p>欧洲晨间快讯 - 混乱的美国贸易变动让市场感到谨慎</p>
</div><p>A look at the day ahead in European and global markets from Rae Wee</p>
<div class="lb-trans"><p>Rae Wee 带您展望欧洲和全球市场的未来一天</p>
</div><p>Markets in Britain will likely return from the long weekend with a bang on Tuesday after Donald Trump's backflip over his threatened 50% tariff on the European Union, although worries about his erratic policy shifts could make the lift short-lived.</p>
<div class="lb-trans"><p>在唐纳德·特朗普对威胁征收 50% 关税的反转后，英国市场在长周末后可能会在周二强劲回归，尽管他不稳定的政策变动可能使得这种上涨短暂。</p>
</div><p>FTSE futures were up sharply in Asia and Wall Street futures similarly pointed to a strong open, after the cash market was closed for a holiday in the previous session.</p>
<div class="lb-trans"><p>FTSE 期货在亚洲大幅上涨，华尔街期货同样指向强劲开盘，此前现金市场因假期在上一交易日关闭。</p>
</div><p>Asian stocks retreated on Tuesday, however, suggesting that investors remain hesitant.</p>
<div class="lb-trans"><p>然而，亚洲股市在周二回落，表明投资者仍然犹豫不决。</p>
</div><p>The U.S. president's latest U-turn on EU tariffs reinforces how unpredictable his trade policies can be and undermines already fragile investor confidence in the U.S. economy.</p>
<div class="lb-trans"><p>美国总统对欧盟关税的最新反转强化了他的贸易政策多么不可预测，并削弱了投资者对美国经济的脆弱信心。</p>
</div><p>The temporary trade reprieve did little to help the dollar, which remained stuck near its lowest in a month on Tuesday and was set for a fifth monthly decline against a basket of major currencies =USD. That would mark its longest losing streak since 2017.</p>
<div class="lb-trans"><p>临时的贸易缓解对美元几乎没有帮助，周二美元仍然徘徊在一个月来的最低点，并且预计将连续第五个月对一篮子主要货币下跌。这将是自 2017 年以来最长的连跌记录。</p>
</div><p>There is little on the data calendar on Tuesday, leaving investors focused on events later in the week, including Nvidia's NVDA.O earnings.</p>
<div class="lb-trans"><p>周二的数据日历上几乎没有重要数据，投资者将关注本周晚些时候的事件，包括英伟达的财报。</p>
</div><p>The AI bellwether is expected to report a 65.9% jump in first-quarter revenue on Wednesday, and Wall Street will be watching closely for clues on the impact of tighter U.S. export curbs on its AI chip sales to China.</p>
<div class="lb-trans"><p>这家人工智能领军企业预计将在周三报告第一季度收入增长 65.9%，华尔街将密切关注其对美国对中国的 AI 芯片销售的出口限制影响的线索。</p>
</div><p>Sources told Reuters that Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June.</p>
<div class="lb-trans"><p>消息人士告诉路透社，英伟达将以显著低于其最近限制的 H20 型号的价格推出一款新的人工智能芯片，并计划最早在 6 月开始大规模生产。</p>
</div><p>Also on deck this week are speeches by Federal Reserve policymakers, alongside Friday's U.S. core PCE price index data, which could offer clues on the rate outlook.</p>
<div class="lb-trans"><p>本周还有美联储政策制定者的讲话，以及周五的美国核心 PCE 价格指数数据，这可能为利率前景提供线索。</p>
</div><p>A two-day annual conference hosted by the Bank of Japan and an affiliated think-tank kicked off on Tuesday, with the gathering of global central bankers in Tokyo set to focus on two uncomfortable realities: flagging economic growth and sticky inflation.</p>
<div class="lb-trans"><p>由日本银行及其附属智库主办的为期两天的年度会议于周二启动，全球央行行长在东京的聚会将集中讨论两个令人不安的现实：经济增长乏力和顽固的通货膨胀。</p>
</div><p>Key developments that could influence markets on Tuesday:</p>
<div class="lb-trans"><p>可能影响周二市场的关键发展：</p>
</div><p>- 2025 BOJ-IMES conference in Tokyo</p>
<div class="lb-trans"><p>- 2025 年东京 BOJ-IMES 会议</p>
</div><p>- Bitcoin 2025 conference in Las Vegas</p>
<div class="lb-trans"><p>- 2025 年拉斯维加斯比特币会议</p>
</div><p>- French preliminary inflation (May)</p>
<div class="lb-trans"><p>- 法国初步通胀（5 月）</p>
</div><p>Trying to keep up with the latest tariff news?</p>
<div class="lb-trans"><p>想要跟上最新的关税新闻吗？</p>
</div><p>Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here.</p>
<div class="lb-trans"><p>我们的新每日新闻摘要提供了影响全球贸易的市场动态头条的概述。请在此注册关税观察 这里。</p>
</div><p>Nvidia now derives smaller portion of revenue from China https://reut.rs/45l93E0</p>
<div class="lb-trans"><p>英伟达现在从中国获得的收入占比更小 https://reut.rs/45l93E0</p>
</div><p>(By Rae Wee; Editing by Edmund Klamann)</p>
<div class="lb-trans"><p>（作者：Rae Wee；编辑：Edmund Klamann）</p>
</div>

Chaotic US trade shifts leave markets wary

- 英国市场预计在假期后强劲反弹，因特朗普取消对欧盟的关税威胁。  
- 然而，投资者对其不稳定的政策感到担忧，可能导致反弹短暂。  
- 本周关注 Nvidia 财报及美联储官员讲话，市场情绪仍然谨慎。  

混乱的美国交易变动令市场保持警惕