【中国银河】全球大类资产配置周观察：美联储主席鲍威尔还能坚守岗位吗？-250719（12页）.pdf

1、?2025?07?19?l?德 6?CPI?2.7%?德?类?德?德?德?GDP?5.3%?l?1?续?2?续?绪?EIA?全?OPEC?l?续?PPI?绪?续?德?l?1?续?德?2?续?德?德?绪?l?德?潜?A?l?德?(?010-8092-7696*?yangchao_?S0130522030004?2025-07-16?A?2025-07-15?2025?A?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?20

2、25-05-07?2025-05-05?2025-05-04?2025-04-25?4?续?2025-04-24?2025-04-08?2025-04-08?1?Catalog?.?.?.?.?.?.?.?.?.?.?.?.?.?.?.?2?2025?7?14?7?18?德 6?CPI?2.7%?CPI?类?德?德?德?GDP?5.3%?德?全?6?CPI?德?受?全?德?NYMEX?7.63%?CBOT?3.82%?3.17%?LME?3.12%?2.84%?CBOT?2.76%?2.71%?DCE?2.68%?2.49%?2.04%?1.51%?LME?1.39%?LME?1.34%?10

3、?1BP?0.96%?0.69%?225?0.63%?0.60%?500?0.59%?德?100?0.57%?SHFE?0.45%?CBOT?0.37%?德 DAX?0.14%?0.10%?10?0.01BP?0.07%?德 CAC40?0.08%?STOXX?0.24%?0.25%?COMEX?0.25%?0.55%?SENSEX30?0.90%?COMEX?1.36%?ICE?1.61%?NYMEX WTI?3.54%?1?2025?7?14?2025?7?18?分?BP?分?%?Wind?-6-4-20246810NYMEX?CBOT?LME?CBOT?DCE?LME?LME?10?德德

4、?225?500?德?100SHFE?CBOT?德DAX?10?德?德CAC40?STOXX?COMEX?SENSEX30COMEX?ICE?NYMEX WTI?（%）（BP）?3?续?德 6?CPI?类?分?绪?德?德?分?2?3?500?COMEX?Wind?Wind?4?5?德 API?EIA?Wind?Wind?-200-1000100200300-1001020302024-112024-122025-012025-022025-032025-042025-052025-062025-07?德?德?德?德?德?（吨）（吨）1900240029003400390010203040506

5、02023-12-292024-02-292024-04-302024-06-302024-08-312024-10-312024-12-312025-02-282025-04-302025-06-30?500?(VIX)?(?):COMEX?（美元/盎司）-50501502503504505506502025-01-012025-01-152025-01-292025-02-122025-02-262025-03-122025-03-262025-04-092025-04-232025-05-072025-05-212025-06-042025-06-182025-07-02?（1985-2

6、019年=100）-1500-1000-500050010002025-05-092025-05-162025-05-232025-05-302025-06-062025-06-132025-06-202025-06-272025-07-042025-07-11?德:API?:?:?德:EIA?:?:?（万桶）?4 续?德?类?绪?EIA?续?德?德?OPEC?分?续?全?CPI?PPI?德?6?德 CPI?CPI?7?德?纳?Wind?Wind?-2.00.02.0-5.05.015.02020-012020-062020-112021-042021-092022-022022-072022