【中国银河】全球大类资产配置周观察：地缘风险缓和叠加美联储分歧加剧，市场拐点将至？-250628（11页）.pdf

1、?2025?06?28?l?全?德?德?德?德?点?19?分?l?1?续?2?续?分?缺?l?1?续?7?受?PCE?德?GDP?点?2?续?德?l?1?续?全?7?点?德?2?续?续 5?CPI?点?续?点?l?点?缺?225?4.55%?4.25%?3.20%?1.91%?l?德?(?010-8092-7696*?yangchao_?S0130522030004?2025-06-26?2025?分?2025-06-22?2025?2025-06-21?2025?A?2025-06-10:?2025-05-29?2025-05-21?分?2025-05-12?2025-05-08?5?202

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6、22025-02-262025-03-122025-03-262025-04-092025-04-232025-05-072025-05-212025-06-042025-06-18?（1985-2019年=100）-1500-1000-500050010002025-04-182025-04-252025-05-022025-05-092025-05-162025-05-232025-05-302025-06-062025-06-132025-06-20?德:API?:?:?德:EIA?:?:?（万桶）-6.0-1.04.02023Q22023Q32023Q42024Q12024Q22024