標準普爾500指數間諜關閉 +2.13％

標準普爾500指數間諜週五關閉 +2.13％，道瓊斯工業指數DIA關閉 +1.65％，而NASDAQ 100 INDEX QQQ關閉了 +2.49％。

The S&P 500 Index (SPY) closed higher on Friday, putting the benchmark index on track for its best week since November 2023. The Dow Jones Industrial Average (DIA) also rose, while the Nasdaq 100 Index (QQQ) posted strong gains.

標準普爾500指數（間諜）週五關閉，這使得基準指數在2023年11月以來的最佳一周都符合正軌。道瓊斯瓊斯工業平均水平（DIA）也上升了，而納斯達克100指數（QQQ）佔據了很高的收益。

March E-mini S&P 500 futures (ESH25) rose +1.85%, and March E-mini Nasdaq 100 futures (NQH25) rose +2.18%.

3月E-Mini S＆P 500期貨（ESH25）上升 +1.85％，3月E-Mini Nasdaq 100期貨（NQH25）上升 +2.18％。

Stock indexes Friday traded higher as a US government shutdown on March 15 appeared unlikely after Senate Democratic leader Schumer said Thursday night that he will not block the Republican continuing resolution (CR) to fund the government for 6 months. The House passed the bill on Tuesday, and the Senate was expected to vote later Friday afternoon.

週五，由於參議院民主黨領導人舒默週四晚表示，他不會阻止共和黨持續的決議（CR）為政府提供6個月的資金，因此股票指數上週五的交易更高。眾議院週二通過了該法案，預計參議院將在周五下午晚些時候投票。

Global equity markets garnered support Friday from a rally in Chinese stocks to a 3-month high on signs of more policy support. Officials from the finance ministry, commerce ministry, the PBOC, and other government bodies plan to hold a press conference on Monday to announce measures to boost consumption.

全球股票市場週五獲得了支持，從中國股票的集會到3個月高的政策支持跡象。財政部，商務部，PBOC和其他政府機構的官員計劃在周一舉行新聞發布會，以宣布提高消費量的措施。

Stocks were undercut by Friday’s report from the University of Michigan showed that US consumer sentiment in March fell to a more than two-year low, and long-term inflation expectations soared to a 32-year high.

密歇根大學週五的報告顯示，三月份的美國消費者情緒下跌至兩年以上，長期通貨膨脹期望飆升至32年高。

The University of Michigan US Mar consumer sentiment index fell -6.8 to a 2-1/3 year low of 57.9, weaker than expectations of 63.0.

密歇根大學美國瑪爾消費者情感指數下降-6.8至2-1/3年的低點57.9，比63.0的預期弱。

The University of Michigan’s US Mar 1-year inflation expectations indicator unexpectedly rose to a 2-1/3 year high of +4.9%, higher than expectations of no change at +4.3%. The Mar 5-10 year inflation expectations indicator unexpectedly rose to a 32-year high of +3.9% versus expectations of a decline to +3.4%.

密歇根大學的美國3月1年通貨膨脹預期指標意外地上升到2-1/3年的高度 +4.9％，高於 +4.3％的無變化的預期。 3月5日至10年的通貨膨脹預期指標意外地上升到32年的 +3.9％，而對下降到 +3.4％的預期。

The price of Bitcoin S Friday fell -9 ticks. The 10-year T-note yield rose +4.6 bp to 4.314%. June T-notes fell on reduced safe-haven demand as stocks rallied after Senate Democratic leader Schumer said he would not block the Republican bill to keep funding the government, likely averting a government shutdown. T-notes were also under pressure from carryover weakness from a slide in German bund prices following a report that German parties have agreed on a debt package. T-notes remained lower after Friday’s report from the University of Michigan showed US inflation expectations unexpectedly rose, a hawkish factor for Fed policy.

比特幣週五的價格下跌-9個滴答聲。 10年的Tnote產率上升+4.6 bp升至4.314％。在參議院民主黨領導人舒默（Schumer）表示，他不會阻止共和黨法案以繼續為政府提供資金，從而避免政府關閉後，六月的T票數降低了避風港的需求。在德國政黨已同意債務方案的報告之後，T型競標也承受著由德國外灘價格的幻燈片的承擔疲軟的壓力。密歇根大學週五的報告表明，美國通貨膨脹期望出乎意料，這是美聯儲政策的鷹派因素。

European bond yields were mixed. The 10-year German bund yield rose +2.1 bp to 2.876%. The 10-year UK gilt yield fell -1.1 bp to 4.666%.

歐洲債券收益率混合在一起。 10年的德國外行收益率上升+2.1 bp升至2.876％。英國10年的鍍金收益率下降了-1.1 bp至4.666％。

The German Feb CPI (EU harmonized) was revised downward to +0.5% m/m and +2.6% y/y from the previously reported +0.6% m/m and +2.8% y/y.

從先前報導的 +0.6％m/m和 +2.8％y/y的德國2月CPI（歐盟統一）向下修改為 +0.5％m/m和 +2.6％y/y。

ECB Governor Holzmann said interest rates in the Eurozone are already at neutral levels, and he supports pausing ECB rate cuts next month. He added that a resurgence in inflation is the greater risk, and higher European spending could force the ECB to hike interest rates.

歐洲央行州長霍爾茨曼（Holzmann）表示，歐元區的利率已經處於中立水平，他支持下個月暫停歐洲央行的降低。他補充說，通貨膨脹的複興是更大的風險，較高的歐洲支出可能迫使歐洲央行提高利率。

Handelsblatt reported Friday that German chancellor-in-waiting Merz reached an agreement with the Green party on a fiscal reform package for large investments in infrastructure and defense.

漢德爾斯布拉特（Handelsblatt）週五報導說，德國總理梅爾斯（Merz）與綠黨達成了一項協議，以一項財政改革方案，用於用於基礎設施和國防的大型投資。

Swaps are discounting the chances at 53% for a -25 bp rate cut by the ECB at the April 15 policy meeting.

在4月15日的政策會議上，歐洲央行降低-25 bp稅率的掉期折價的機會為53％。

Stock indexes closed higher on Friday as a US government shutdown on March 15 appeared unlikely after Senate Democratic leader Schumer said Thursday night that he will not block the Republican continuing resolution (CR) to fund the government for 6 months. The House passed the bill on Tuesday, and the Senate was expected to vote later Friday afternoon.

股票指數在周五關閉，因為在參議院民主黨領導人舒默週四晚表示，他不會阻止共和黨人的持續決議（CR）為政府提供6個月的資助後，美國政府的關閉不可能。眾議院週二通過了該法案，預計參議院將在周五下午晚些時候投票。

Global equity markets garnered support from a rally in Chinese stocks to a 3-month high on signs of more policy support. Officials from the finance ministry, commerce ministry, the PBOC, and other government bodies plan to hold a press conference on Monday to announce measures to boost consumption.

全球股票市場從中國股票的集會獲得了支持，以增加政策支持的跡象3個月。財政部，商務部，PBOC和其他政府機構的官員計劃在周一舉行新聞發布會，以宣布提高消費量的措施。

Stocks were undercut by Friday’s report from the University of Michigan showed that US consumer sentiment in March fell to a more than two-year low, and long-term inflation expectations soared to a 32-year high.

密歇根大學週五的報告顯示，三月份的美國消費者情緒下跌至兩年以上，長期通貨膨脹期望飆升至32年高。

The University of Michigan US Mar consumer sentiment index fell -6.8 to a 2-1/3 year low of 57.9, weaker than expectations of 63.0.

密歇根大學美國瑪爾消費者情感指數下降-6.8至2-1/3年的低點57.9，比63.0的預期弱。

The University of Michigan’s US Mar 1-year inflation expectations indicator unexpectedly rose to a 2-1/3 year high of +4.9%, higher than expectations of no

密歇根大學的美國3月1年通貨膨脹預期指標意外地上升至2-1/3年高度 +4.9％，高於NO的預期