【中国银河】全球大类资产配置周观察：超级央行周叠加地缘风险反复，市场不确定性增强-250323（11页）.pdf

1、?2025?03?23?l?1?续?德?点?克?德?2?续?OPEC+?分?德?分?点?受?全?OPEC+?分?OPEC 分?德分?l?1?续?德 2?分?分?4?50?热?德?德?受?2?续?绪?绪?续?全?l?续?德?德?分?全?续?续?续?德?点?点?德?续?点?l?续?德?德?续?公?l?德?(?010-8092-7696*?yangchao_?S0130522030004?2025-03-17?2025-03-10?2025-03-05?A?2025?2025-02-21?2025-02-20?DeepSeek?AI?2025-02-13?A?2025-02-08?“?”?类?“?”

2、?2025-02-07?ETF?AI?分?2025-02-05?10%?A?A?“?”2025-02-04?2025-01-30?2025-01-24?2025-01-23?2024Q4?“?”?2025-01-21?分?1?Catalog?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?2?2025?3?17?3?21?德?克?德?续?德?5000?德?德?1-2?德?纳?分?分?德?分?德?续?续?德?SENSEX30?4.17%?2.36%?225?1.68%?NYMEX WTI?1.65%?ICE?1.54%?10?德?1.41BPs?1.20%?CBOT?0.98%?CO

3、MEX?0.90%?LME?0.73%?500?0.51%?0.40%?STOXX?0.31%?CBOT?0.22%?德 CAC40?0.18%?0.17%?德?100?0.17%?0.28%?0.32%?德 DAX?0.41%?0.51%?0.59%?CBOT?0.59%?1.13%?LME?1.51%?1.60%?LME?2.13%?COMEX?2.62%?2.65%?SHFE?3.10%?3.34%?NYMEX?3.41%?DCE?3.81%?10?德德?6.00BPs?1?2025?3?17?2025?3?21?分?BP?分?%?Wind?-8-6-4-20246?SENSEX30?2

4、25NYMEX WTI?ICE?10?德?CBOT?COMEX?LME?500?STOXXCBOT?德CAC40?德?100?德DAX?CBOT?LME?LME?COMEX?SHFE?NYMEX?DCE?10?德德?（%）（BP）?3?续?德 3?克?30?点?克?德?2?3?500?COMEX?Wind?Wind?4?分?5?德 API?EIA?Wind?Wind?续?OPEC+?分?续?德?分?点?01002003004002023-12-292024-01-292024-02-292024-03-312024-04-302024-05-312024-06-302024-07-312024

5、-08-312024-09-302024-10-312024-11-302024-12-312025-01-312025-02-28?（1985-2019年=100）1900240029003400102030402023-12-292024-01-292024-02-292024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-10-312024-11-302024-12-312025-01-312025-02-28?500?(VIX)?(?):COMEX?（美元/盎司）240002500026000

6、270002800029000300002022-072022-102023-012023-042023-072023-102024-012024-042024-072024-102025-01分?:?:?/?-500050010002025-01-102025-01-172025-01-242025-01-312025-02-072025-02-142025-02-212025-02-282025-03-072025-03-14?德:API?:?:?德:EIA?:?:?（万桶）?4?受?全?OPEC+?分?OPEC分?德分?续?德 2?分?分?4?50?热?德?德?受?6?德?纳?7?德?W