<p>[班加羅爾] 歐洲股市在週五（3 月 27 日）下跌，但本週仍錄得適度上漲，顯示出投資者面臨的來自中東的矛盾信號。</p>
<p>泛歐斯托克 600 指數當天下跌 0.9%，最後交易於 575.37 點，大多數行業處於下跌狀態。不過，該指數本週上漲了 0.4%。</p>
<p>儘管投資者希望戰爭能迅速解決，但隨着華盛頓和德黑蘭的信息出現分歧，疲憊感開始顯現。</p>
<p>美國總統唐納德·特朗普最近激發了停火的希望，但伊朗官員的語氣則顯得更加謹慎。</p>
<p>特朗普給伊朗另一個 10 天的時間來重新開放霍爾木茲海峽，這是一條對石油至關重要的航運路線，否則將面臨其能源設施被摧毀的後果，此前伊朗拒絕了他的結束戰爭的提議。</p>
<p>“如果這個情況在接下來的幾周內沒有解決，全球石油庫存將下降到歷史低位，價格需要上漲以促使需求減少，” ClearBridge Investments 的投資組合經理 Sam Peters 表示。</p>
<p>油價上漲，給嚴重依賴進口的歐洲經濟帶來了壓力。</p>
<p>“在我們進行明確涉及重新開放霍爾木茲海峽的談判之前，股票不會開始找到有意義的支撐。伊朗正將其腳放在全球經濟的喉嚨上，” IG 的首席市場分析師 Chris Beauchamp 表示。</p>
<p>戰爭的經濟影響開始在數據中顯現。本週早些時候的一項調查顯示，隨着戰爭將投入成本推高至三年多以來的最高水平，並引發自 2022 年中以來最嚴重的供應鏈中斷，私營部門的增長在 3 月份急劇放緩。</p>
<p>根據 LSEG 編制的數據，關於通脹可能激增的擔憂提升了對歐洲央行在 4 月加息的押注至 57%。在戰爭之前，投資者普遍預計央行將維持利率不變。REUTERS</p>

歐洲斯托克 50 指數 ETF - SPDR

L5EW

IEUA

EUN2

<p>歐洲股市在 3 月 27 日下跌了 0.9%，儘管本週上漲了 0.4%，這主要是受到來自中東地區的混合信號的影響。投資者對持續的戰爭感到擔憂，美國總統特朗普建議停火，而伊朗官員則保持謹慎。油價上漲，影響了依賴進口的歐洲經濟。經濟數據顯示，私營部門增長放緩，通脹擔憂加劇，市場對歐洲央行在 4 月加息的預期上升至 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>[班加羅爾] 歐洲股市在週五（3 月 27 日）下跌，但本週仍錄得適度上漲，顯示出投資者面臨的來自中東的矛盾信號。</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>泛歐斯托克 600 指數當天下跌 0.9%，最後交易於 575.37 點，大多數行業處於下跌狀態。不過，該指數本週上漲了 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>儘管投資者希望戰爭能迅速解決，但隨着華盛頓和德黑蘭的信息出現分歧，疲憊感開始顯現。</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>美國總統唐納德·特朗普最近激發了停火的希望，但伊朗官員的語氣則顯得更加謹慎。</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>特朗普給伊朗另一個 10 天的時間來重新開放霍爾木茲海峽，這是一條對石油至關重要的航運路線，否則將面臨其能源設施被摧毀的後果，此前伊朗拒絕了他的結束戰爭的提議。</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>“如果這個情況在接下來的幾周內沒有解決，全球石油庫存將下降到歷史低位，價格需要上漲以促使需求減少，” ClearBridge Investments 的投資組合經理 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>油價上漲，給嚴重依賴進口的歐洲經濟帶來了壓力。</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>“在我們進行明確涉及重新開放霍爾木茲海峽的談判之前，股票不會開始找到有意義的支撐。伊朗正將其腳放在全球經濟的喉嚨上，” IG 的首席市場分析師 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>戰爭的經濟影響開始在數據中顯現。本週早些時候的一項調查顯示，隨着戰爭將投入成本推高至三年多以來的最高水平，並引發自 2022 年中以來最嚴重的供應鏈中斷，私營部門的增長在 3 月份急劇放緩。</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>根據 LSEG 編制的數據，關於通脹可能激增的擔憂提升了對歐洲央行在 4 月加息的押注至 57%。在戰爭之前，投資者普遍預計央行將維持利率不變。REUTERS</p>
</div>

歐洲股市下跌，因中東信號混雜使市場前景不明朗