欧元/人民币 (EURCNY) 加自选

欧洲股市周五开盘走低，延续了前一交易日的跌幅，交易员们消化了美联储可能会在更长时间内保持较高利率的前景，以及来自中国的喜忧参半的经济数据。与此同时，投资者将评估4月份欧元区通胀的最终数据。在企业方面，市场将密切关注汇丰银行，此前有报道称，最大股东平安正在考虑降低其8%的股份。此外，收入将来自历峰和Engie。欧元斯托克50指数在盘前交易中下跌0.30%。

European equity markets were headed for a lower open on Friday, extending losses from the previous session, as traders digest prospects the Fed will probably keep interest rates higher for longer and mixed economic data coming out of China. Meanwhile, investors will assess the final euro zone inflation reading for April. On the corporate front, markets will closely watch HSBC, after reports showed that top shareholder Ping An is considering options to lower its 8% stake. Also, earnings are set to come from Richemont and Engie. Euro Stoxx 50 shed 0.30% in premarket trade.

2024年第一季度，法国的失业率为7.5%，与过去两个季度持平，而市场普遍认为失业率为7.4%。失业人数比上一季度增加6000人，达到230万人，25至49岁的失业率下降0.2个百分点，降至6.8%。与此同时，15岁至24岁人群的失业率上升了0.6个百分点，达到18.1%，50岁及以上人群上升了0.1个百分点，到5.1%。在性别中，男性的失业率小幅上升0.1个百分点，至7.7，而女性的失业率则下降0.1个百分点至7.3%。活动率从前三个月的74.1%上升到本季度的74.5%。

The unemployment rate in France stood at 7.5% in the first quarter of 2024, unchanged from the past two-quarter periods and compared to market consensus of 7.4%. The number of unemployed persons rose by 6 thousand from the prior quarter to 2.3 million, with the unemployment rate for people aged 25 to 49 falling 0.2 percentage points to 6.8%. Meanwhile, the unemployment rate for people aged 15 to 24 increased by 0.6 percentage points to 18.1% and rose by 0.1 percentage points to 5.1% for those aged 50 and more. Among genders, the jobless rate for men edged up by 0.1 percentage points to 7.7, while it ticked lower by 0.1 percentage points to 7.3% for women. The activity rate rose to 74.5% during the quarter from 74.1% in the previous three-month period.

离岸人民币兑美元贬值至7.23左右，继5月16日达到两周高点后，交易员对中国喜忧参半的经济数据做出反应。最新数据显示，4月份工业生产增长超过预期，而零售额增长低于预期。尽管旨在提高产量的政府刺激措施已显示出有效性，但针对消费者支出的举措，如家电以旧换新计划和税收减免措施，却落后了。更令人担忧的是，数据显示1-4月房地产投资进一步下降，引发了人们对中国房地产救援计划有效性的担忧。与此同时，中国财政部于周五进行了第一批特别国债的拍卖，标志着人们期待已久的刺激计划的启动。

The offshore yuan depreciated to around 7.23 per dollar, following a recent peak to two-week highs on May 16th, as traders responded to mixed economic data from China. The latest figures revealed that industrial production in April grew more than anticipated, while retail sales rose less-than-expected. While government stimulus aimed at boosting production has shown effectiveness, initiatives targeting consumer spending, such as appliance trade-in programs and tax relief measures, are lagging behind. Adding to the worries, data indicated a further decline in real estate investment for the period of January to April, raising concerns about the effectiveness of China's property rescue plan. Meanwhile, China's finance ministry conducted the auction for the first batch of its special treasury bonds on Friday, marking the initiation of a long-awaited stimulus program.

中国10年期政府债券收益率下跌2.3%，因投资者对这个世界第二大经济体的喜忧参半的数据作出反应。数据显示，4月份中国工业生产增长超过预期，而零售额和固定资产投资增长低于预期。中国的失业率也从3月份的5.2%降至4月份的5%。与此同时，中国将于周五开始发行1380亿美元的超长债券，政策制定者将增加基础设施项目支出，以促进经济增长。政府将于5月17日开始发行30年期债券，5月24日开始发行20年期债券和6月14日开始发行50年期债券。在货币政策方面，中国人民银行在5月份确定的一年期中期贷款利率保持在2.5%不变。今年，中国国债收益率面临压力，跌至历史低点，因为充满挑战的经济复苏促使人们押注于进一步放松货币政策。

China’s 10-year government bond yield was subdued 2.3% as investors reacted to mixed data in the world’s second-largest economy. Data showed that industrial production in China grew more than expected in April, while retail sales and fixed asset investment rose less than anticipated. China’s unemployment rate also fell to 5% in April from 5.2% in March. Meanwhile, China kicks off its $138 billion ultra-long bond issuance on Friday as policymakers increase spending on infrastructure projects to bolster economic growth. The government will begin issuing 30-year bonds on May 17, 20-year bonds on May 24, and 50-year bonds on June 14. On the monetary policy front, the People’s Bank of China kept its one-year medium term lending facility rate unchanged at 2.5% during its May fixing. Chinese yields came under pressure this year, falling to record lows as a challenging economic recovery prompted bets on further monetary easing.