周四，英国10年期国债收益率升至4.17%以上，从前一天的15个基点下跌中反弹，因为美联储表示今年将进行一次降息。美联储官员修改了他们的经济预测，现在预测2024年只削减一次，而不是之前预计的三次。英格兰银行下周可能会维持利率，市场预测将在8月或9月降息。最近的数据显示，4月份英国经济停滞不前，符合预期，而工业生产和建筑产出的降幅超过预期。尽管工资增长很高，但失业率意外攀升至4.4%，为2021年9月以来的最高水平，职位空缺持续减少。

The UK 10-year Gilt yield rose above 4.17% on Thursday, rebounding from a 15bps drop the day before as the Federal Reserve indicated a single rate cut for the year. Fed officials revised their economic projections, now forecasting just one reduction in 2024 instead of the previously expected three cuts. The Bank of England is likely to maintain rates next week, with markets predicting a cut in August or September. Recent data revealed a stagnant UK economy in April, in line with expectations, while industrial production and construction output plunged more than anticipated. Despite high wage growth, the unemployment rate unexpectedly climbed to 4.4%, the highest since September 2021, with a continued decrease in job vacancies.

由于美联储宣布今年减少降息，富时100指数周四略有下跌，从上一交易日0.8%的涨幅回落。美联储决定保持利率不变，并将任何可能的降息推迟到12月。在企业新闻中，Wise股价下跌超过19%，此前预测收入增长将放缓。此外，在公司警告年度利润将大幅下降后，佳洁士尼科尔森的股价暴跌超过12%。另一方面，Halma的股票在超过收入和利润预期后上涨了8%以上。墨西哥商人卡洛斯·斯利姆持有英国电信3.16%股份的消息传出后，英国电信股价上涨2%。Legal&General股价上涨0.5%，Patron Capital Partners参与竞购CALA，该公司可能筹集约10亿英镑。

The FTSE 100 saw a slight decrease on Thursday, retracting from a 0.8% gain in the previous session due to the Federal Reserve's announcement of fewer rate cuts this year. The Fed decided to keep rates unchanged and postpone any potential cuts until possibly December. In corporate news, Wise shares dropped by over 19% after forecasting slower growth in income compared to the previous year. Also, Crest Nicholson shares plummeted by more than 12% after the company warned of a significant drop in annual profits. On the other hand, Halma stock rose over 8% after exceeding revenue and profit estimates. BT shares increased by 2% following news of Mexican businessman Carlos Slim's 3.16% stake in the company. Legal & General went up 0.5% as Patron Capital Partners entered a bid for CALA, which could raise around one billion pounds.

英国皇家特许测量师学会英国住宅市场调查的房价平衡从4月的-7降至2024年5月的-17，为1月以来的最低水平。在3月和4月基本保持稳定后，最新数据显示，本月房价略有下跌。也就是说，尽管在最近的调查期间，英格兰几乎所有地区的价格都回落到了一定程度，但苏格兰和北爱尔兰的情况仍然截然不同，这两种情况下的价格都保持在上升轨道上。展望未来，三个月的前景为-12%，这表明房价可能会面临进一步的下行压力。与此同时，12个月的前景进一步改善至+41%，这是自2022年4月以来的最高值，因为贡献者仍然坚信房价将在未来一年走高。

The RICS UK Residential Market Survey house price balance, which measures the gap between the percentage of respondents seeing rises and falls in house prices, fell to -17 in May 2024 from -7 in April, the lowest since January. Having held broadly steady in both March and April, the latest reading suggests that house prices fell slightly during the month. That said, while prices pulled back to a certain degree in virtually all regions of England during the latest survey period, Scotland and Northern Ireland continue to see a very different picture, with prices remaining on an upward trajectory in both cases. Looking ahead, the three-month outlook came in at -12%, suggesting further downside pressure could be seen for house prices. Meanwhile, the twelve-month outlook improved further to +41%, the most elevated reading since April 2022, as contributors remain firmly of the view that house prices will move higher in the coming year.

英镑回吐了部分涨幅，但仍保持在1.28美元以上，为三个月来的最高水平，这得益于美元因美国通胀低于预期而大幅下跌。与此同时，美联储如预期保持利率稳定，并表示今年只降息一次，明年降息四次，低于市场对2024年的预期。在英国，预计英格兰银行下周将保持利率不变，交易员预计8月或9月将降息。最新数据显示，英国经济在4月份停滞不前，与预测一致，而工业生产和建筑业产出的降幅远超预测。劳工数据显示，工资增长仍在上升，但失业率意外上升至4.4%，为2021年9月以来的最高水平，职位空缺数量仍在下降。

The British pound pared some gains but remained above $1.28, the highest in three months, capitalizing on the dollar's significant fall due to slower-than-expected US inflation. Meanwhile, the Fed kept rates steady as expected and signaled only one rate cut this year and four reductions next year, less than market expectations for 2024. In the UK, the Bank of England is expected to keep rates unchanged next week, with traders anticipating a rate cut in August or September. The latest data showed the UK economy stalled in April, in line with forecasts, while industrial production and construction output fell way more than forecasts. Labour data showed wage growth remains elevated but the unemployment rate unexpectedly rose to 4.4%, the highest since September 2021 and the number of vacancies was still falling.