<p>[班加罗尔] 欧洲股市在周五（3 月 27 日）下跌，但本周仍录得适度上涨，显示出投资者面临的来自中东的矛盾信号。</p>
<p>泛欧斯托克 600 指数当天下跌 0.9%，最后交易于 575.37 点，大多数行业处于下跌状态。不过，该指数本周上涨了 0.4%。</p>
<p>尽管投资者希望战争能迅速解决，但随着华盛顿和德黑兰的信息出现分歧，疲惫感开始显现。</p>
<p>美国总统唐纳德·特朗普最近激发了停火的希望，但伊朗官员的语气则显得更加谨慎。</p>
<p>特朗普给伊朗另一个 10 天的时间来重新开放霍尔木兹海峡，这是一条对石油至关重要的航运路线，否则将面临其能源设施被摧毁的后果，此前伊朗拒绝了他的结束战争的提议。</p>
<p>“如果这个情况在接下来的几周内没有解决，全球石油库存将下降到历史低位，价格需要上涨以促使需求减少，” ClearBridge Investments 的投资组合经理 Sam Peters 表示。</p>
<p>油价上涨，给严重依赖进口的欧洲经济带来了压力。</p>
<p>“在我们进行明确涉及重新开放霍尔木兹海峡的谈判之前，股票不会开始找到有意义的支撑。伊朗正将其脚放在全球经济的喉咙上，” IG 的首席市场分析师 Chris Beauchamp 表示。</p>
<p>战争的经济影响开始在数据中显现。本周早些时候的一项调查显示，随着战争将投入成本推高至三年多以来的最高水平，并引发自 2022 年中以来最严重的供应链中断，私营部门的增长在 3 月份急剧放缓。</p>
<p>根据 LSEG 编制的数据，关于通胀可能激增的担忧提升了对欧洲央行在 4 月加息的押注至 57%。在战争之前，投资者普遍预计央行将维持利率不变。REUTERS</p>

欧洲斯托克 50 指数 ETF - SPDR

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<p>欧洲股市在 3 月 27 日下跌了 0.9%，尽管本周上涨了 0.4%，这主要是受到来自中东地区的混合信号的影响。投资者对持续的战争感到担忧，美国总统特朗普建议停火，而伊朗官员则保持谨慎。油价上涨，影响了依赖进口的欧洲经济。经济数据显示，私营部门增长放缓，通胀担忧加剧，市场对欧洲央行在 4 月加息的预期上升至 57%</p>

<p>[BENGALURU] European shares fell on Friday (Mar 27) but logged a modest gain for the week, illustrating the conflicting signals from the Middle East that investors have had to grapple with.</p>
<div class="lb-trans"><p>[班加罗尔] 欧洲股市在周五（3 月 27 日）下跌，但本周仍录得适度上涨，显示出投资者面临的来自中东的矛盾信号。</p>
</div><p>The pan-European Stoxx 600 index dropped 0.9 per cent on the day and was last trading at 575.37, with most sectors in the red. Still, the index gained 0.4 per cent for the week.</p>
<div class="lb-trans"><p>泛欧斯托克 600 指数当天下跌 0.9%，最后交易于 575.37 点，大多数行业处于下跌状态。不过，该指数本周上涨了 0.4%。</p>
</div><p>While investors have been hoping for a swift resolution to the war, fatigue is beginning to set in as messages from Washington and Teheran diverge.</p>
<div class="lb-trans"><p>尽管投资者希望战争能迅速解决，但随着华盛顿和德黑兰的信息出现分歧，疲惫感开始显现。</p>
</div><p>US President Donald Trump has sparked hopes of a ceasefire in recent days, but Iranian officials have struck a more measured tone.</p>
<div class="lb-trans"><p>美国总统唐纳德·特朗普最近激发了停火的希望，但伊朗官员的语气则显得更加谨慎。</p>
</div><p>Trump gave Iran another 10 days to ​reopen the Strait of Hormuz, a crucial shipping route for oil, or face the destruction of its energy plants, after Iran rejected his proposals to end the war.</p>
<div class="lb-trans"><p>特朗普给伊朗另一个 10 天的时间来重新开放霍尔木兹海峡，这是一条对石油至关重要的航运路线，否则将面临其能源设施被摧毁的后果，此前伊朗拒绝了他的结束战争的提议。</p>
</div><p>“If this situation is not resolved within the next couple of weeks, global oil inventories will decline toward historic lows and prices would need to rise to induce demand destruction,” said Sam Peters, portfolio manager at ClearBridge Investments.</p>
<div class="lb-trans"><p>“如果这个情况在接下来的几周内没有解决，全球石油库存将下降到历史低位，价格需要上涨以促使需求减少，” ClearBridge Investments 的投资组合经理 Sam Peters 表示。</p>
</div><p>Oil prices gained, increasing pressure on European economies, which rely heavily on imports.</p>
<div class="lb-trans"><p>油价上涨，给严重依赖进口的欧洲经济带来了压力。</p>
</div><p>“Stocks will not start to find their footing on a meaningful basis until we have negotiations underway that explicitly involve the reopening of the Strait of Hormuz. Iran has its foot on the windpipe of the global economy,” said IG’s chief markets analyst, Chris Beauchamp.</p>
<div class="lb-trans"><p>“在我们进行明确涉及重新开放霍尔木兹海峡的谈判之前，股票不会开始找到有意义的支撑。伊朗正将其脚放在全球经济的喉咙上，” IG 的首席市场分析师 Chris Beauchamp 表示。</p>
</div><p>The economic repercussions of the war are beginning to reflect in data. A survey earlier this week showed that private sector growth slowed sharply in March as the war drove input costs to their highest in more than three years and triggered the worst supply-chain disruptions since mid-2022.</p>
<div class="lb-trans"><p>战争的经济影响开始在数据中显现。本周早些时候的一项调查显示，随着战争将投入成本推高至三年多以来的最高水平，并引发自 2022 年中以来最严重的供应链中断，私营部门的增长在 3 月份急剧放缓。</p>
</div><p>Worries about a potential surge in inflation have lifted bets for an April rate hike by the European Central Bank to 57 per cent, according to LSEG-compiled data. Prior to the war, investors were largely expecting the central bank to hold rates through the year. REUTERS</p>
<div class="lb-trans"><p>根据 LSEG 编制的数据，关于通胀可能激增的担忧提升了对欧洲央行在 4 月加息的押注至 57%。在战争之前，投资者普遍预计央行将维持利率不变。REUTERS</p>
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欧洲股市下跌，因中东信号混杂使市场前景不明朗