西班牙 12-Month Letras Auction: 2.611% vs 2.121%

德国商业银行首席经济学家约尔格·克雷默博士认为，欧洲央行应对近期油价冲击的回应应优先考虑长期通胀预期。他指出，更高的能源成本既推高了通胀，也抑制了经济增长，造成了政策上的两难局面。克雷默总结道，如果预期飘升至2%以上，欧洲央行应加息，可能最早在4月底的会议上采取行动。

Commerzbank’s Chief Economist Dr. Jörg Krämer argues that the European Central Bank should respond to the recent Oil price shock by prioritizing long-term inflation expectations. He notes that higher energy costs are both lifting inflation and weighing on growth, creating a policy dilemma.

布朗兄弟哈里曼（BBH）的埃利亚斯·哈达德强调美元面临繁忙的美国数据日程，2 月份 PCE、3 月份 CPI 以及密歇根大学调查将引导通胀预期。该行认为，如果能源驱动的价格上涨不蔓延，美联储可能忽视油价冲击，而 FOMC 会议纪要将阐明加息的门槛有多高。

Spain 12-Month Letras Auction rose from previous 2.121% to 2.611%

Brown Brothers Harriman’s (BBH) Elias Haddad highlights a busy US data calendar for the Dollar, with February PCE, March CPI and the University of Michigan survey guiding inflation expectations.

美国基准西德克萨斯中质原油（WTI）周二在四周高点附近徘徊。价格走势稳固在每桶 103.00 美元以上，但在美国总统唐纳德·特朗普对德黑兰的最后期限临近之际，试图突破 105.00 美元的涨势受阻。

The US benchmark West Texas Intermediate Oil (WTI) hesitates near four-week highs on Tuesday. Price action remains steady above the 103.00 per barrel, but attempts to extend gains beyond 105.00 have been capped with US President Donald Trump’s deadline on Tehran approaching.

Eurozone Sentix Investor Confidence: -19.2 (四月) vs前值 -3.1