市場集會隨著重點轉移到通貨膨脹，就業和技術收入而轉變

上週，全球市場反彈，這是緩解美國 - 中國貿易緊張局勢的跡象。本週，投資者將專注於歐元區通貨膨脹數據

Global markets rebounded last week as upbeat U.S. macroeconomic data and a last-minute reprieve from President Donald Trump on new tariffs on Chinese goods helped to lessen some investor pessimism.

上週，全球市場反彈，因為美國宏觀經濟的宏觀經濟數據和唐納德·特朗普總統對中國商品的新關稅有助於減少一些投資者的悲觀主義，並獲得了最後一刻的緩刑。

However, despite the rally, markets are expected to remain volatile this week as traders keep an eye on eurozone inflation figures, the U.S. jobs report, and earnings from major tech firms, including Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL).

然而，儘管發生了集會，但隨著貿易商密切關注歐元區通貨膨脹數字，美國就業報告和主要科技公司的收入，包括Meta（Nasdaq：Meta），Microsoft（Nasdaq：MSFT），Amazon（NASDAQ：AMZN）和Apple（Nasdaq：Aapl），包括歐元區的通貨膨脹數字，美國就業報告以及來自主要科技公司的收入，預計市場將保持波動。

Europe: Inflation and Growth In Focus

歐洲：通貨膨脹和重點的增長

The eurozone will release its flash Consumer Price Index (CPI) for April on Friday. March inflation eased to 2.2%, while core inflation dropped to 2.4%, the slowest since 2021. Preliminary GDP figures from Spain, Germany, France, and Italy are also due, offering insight into the region’s economic momentum.

歐元區將於週五發布其4月的Flash消費價格指數（CPI）。 3月通貨膨脹率下降到2.2％，而核心通貨膨脹率下降到2.4％，是自2021年以來最慢的。

According to economists’ forecasts, eurozone inflation is expected to decrease further to 2.1% in April, while core CPI is forecast to rise slightly to 2.5%.

根據經濟學家的預測，歐元區通脹預計將在4月進一步下降至2.1％，而CORE CPI預計將略有上升至2.5％。

The European Central Bank (ECB) has already cut interest rates seven times since June 2024, and it’s expected to make one more rate cut in June to lower the deposit rate to 2%.

自2024年6月以來，歐洲中央銀行（ECB）已經降低了7次，預計將在6月降低一個利率，以將存款利率降低至2％。

Recently, ECB President Christine Lagarde stated that disinflation is nearly complete, but she also mentioned that the administration’s decision to impose tariffs on several categories of Chinese goods from August 27 could have a negative impact on the economic outlook.

最近，歐洲央行總裁克里斯汀·拉加德（Christine Lagarde）表示，解散幾乎已經完成，但她還提到，政府決定從8月27日起對幾類中國商品徵收關稅可能會對經濟前景產生負面影響。

The administration’s move to impose tariffs on a range of Chinese products, including solar panels and modules, could result in increased consumer prices in the U.S., ultimately leading to higher inflation than anticipated.

政府提出對包括太陽能電池板和模塊在內的一系列中國產品徵收關稅的舉動可能會導緻美國的消費價格上漲，最終導致通貨膨脹高於預期。

United States: Jobs, Growth, and Apple’s Earnings

美國：就業，增長和蘋果的收入

In the U.S., the April jobs report and first-quarter GDP will be closely watched on Wednesday and Thursday. March job growth surprised to the upside, but the new tariffs could soon begin to weigh on hiring. Economists expect 129,000 new jobs and no change in the 4.2% unemployment rate.

在美國，四月的工作報告和第一季度GDP將在周三和周四密切關注。三月的工作增長對此感到驚訝，但是新的關稅很快就會開始招聘。經濟學家預計4.2％的失業率預計有129,000個新就業機會，並且不會改變。

GDP growth is forecast to slow sharply to 0.3% in Q1 from 2.4% in Q4 2024. Meanwhile, the Fed’s preferred inflation gauge, the PCE index, will also be released.

預計GDP的增長將從第4季度2024年的2.4％急劇下降至1.3％。與此同時，美聯儲的首選通貨膨脹量表，PCE指數也將被釋放。

On the corporate front, Apple is expected to report 4% revenue growth and a 5% earnings increase. While Apple benefitted from temporary tariff exemptions, it still faces 20% duties on China-made goods and plans to move iPhone production for U.S. sales to India by 2026.

在公司方面，蘋果有望報告4％的收入增長和5％的收入增長。儘管蘋果受益於臨時稅收免稅，但它仍然面臨20％的中國商品關稅，併計劃在2026年將iPhone生產到印度的iPhone生產中。