【中国银河】全球大类资产配置周观察：非农爆冷搅动全球市场，降息近了？-250802（12页）.pdf

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5、5-07?德?德?德?德?德?（吨）（吨）190024002900340039001.21.41.61.82.02.22.42.62023-12-292024-02-292024-04-302024-06-302024-08-312024-10-312024-12-312025-02-282025-04-302025-06-30?德?德?:10?（美元/盎司）?%?-50501502503504505506502025-01-012025-01-152025-01-292025-02-122025-02-262025-03-122025-03-262025-04-092025-04-23202

6、5-05-072025-05-212025-06-042025-06-182025-07-022025-07-16?（1985-2019年=100）-1500-1000-500050010002025-05-232025-05-302025-06-062025-06-132025-06-202025-06-272025-07-042025-07-112025-07-182025-07-25?德:API?:?:?德:EIA?:?:?（万桶）?4 续?点?绪?德?10%?41%?冲?100%?德?克?德 7?PMI?OPEC+?9?分?缺?OPEC+?分?缺?OPEC?缺?德?德?续?点?类?意?