英国10年期政府债券收益率反弹至4.3%，逐渐接近4月16日创下的五个月高点4.3457%，原因是对中东更广泛冲突的担忧，德黑兰周五早些时候淡化了以色列对伊朗领土的袭击。与此同时，受美国消费者支出、通货膨胀和就业市场强劲数据的影响，投资者降低了对主要央行今年降息的预期。从国内来看，英国国家统计局的最新数据显示，3月份英国零售销售出现了意想不到的停滞。此外，英国3月份的通胀率下降幅度低于预期，降至3.2%，这是自2021年9月以来的最低水平，核心通胀率降至两年多来的最低水平4.2%。英格兰银行政策制定者梅根·格林强调，最近的工资增长和服务通胀数据过高，英国央行无法考虑削减借贷成本。

The UK 10-year government bond yield rebounded to the 4.3% mark, inching closer to the five-month high of 4.3457% recorded on April 16th, as concerns over a broader conflict in the Middle East, with Tehran downplaying Israel's attack on Iranian soil earlier on Friday. At the same time, investors scaled back their expectations for interest rate cuts by major central banks this year, influenced by robust data on US consumer spending, inflation, and the job market. Domestically, recent figures from the ONS revealed unexpected stagnation in UK retail sales in March. Additionally, the British inflation rate declined less than anticipated to 3.2% in March, marking the lowest level since September 2021, with the core rate dropping to an over two-year low of 4.2%. Bank of England policymaker Megan Greene emphasized that recent wage growth and service inflation data were too elevated for the BoE to consider cutting borrowing costs.

10年期德国国债收益率超过2.5%的阈值，达到11月27日以来的最高水平，因为在德黑兰周五早些时候明显淡化以色列对伊朗领土的袭击后，对中东更广泛冲突的担忧有所减弱。此外，受强劲的美国经济数据提振，投资者降低了对今年降息的预期。修订后的前景表明，欧洲央行今年总共降息的可能性不到三次，这意味着货币宽松将达到70个基点。尽管欧盟央行表示最早将于6月开始降低借贷成本，几位官员暗示今年将三次降息，但预期仍出现了这种调整。在其他地方，美联储官员主张美国央行推迟降息。

The yield on the 10-year German Bund surpassed the 2.5% threshold, reaching its highest level since November 27th, as concerns regarding a broader conflict in the Middle East diminished following Tehran's apparent downplaying of Israel's attack on Iranian soil earlier on Friday. Additionally, investors scaled back their expectations for interest rate cuts this year, buoyed by strong US economic data. The revised outlook suggests a probability of less than three ECB rate cuts in total for the year, implying a monetary easing of 70 basis points. This adjustment in expectations occurred despite the bloc's central bank signaling its readiness to start reducing borrowing costs as early as June, with several officials hinting at three rate cuts this year. Elsewhere, Federal Reserve officials are advocating for the US central bank to postpone rate cuts.

标准普尔/多伦多证券交易所综合指数上涨0.5%，超过周五的21820点，受能源和金融板块上涨的提振。对全球石油供应可能中断的担忧使能源行业平均上涨0.7%，森科尔以0.7%的涨幅领涨。包括加拿大皇家银行、道明银行和BMO在内的主要银行也对该指数的上涨做出了贡献，涨幅超过0.4%。值得注意的是，Shopify是表现最好的公司之一，其股价上涨了2.3%。然而，尽管表现积极，TSX仍有望在本周结束时下跌0.3%以上，因为地缘政治紧张局势加剧，投资者情绪依然谨慎，预计美联储将在更长时间内保持鹰派立场。

The S&P/TSX Composite index rose by 0.5% to surpass the 21,820 level on Friday, bolstered by gains in the energy and financial sectors. Concerns over potential disruptions to global oil supply boosted the energy sector by an average of 0.7%, with Suncor leading with a 0.7% increase in shares. Major banks, including Royal Bank of Canada, TD Bank, and BMO, also contributed to the index’s rise with gains exceeding 0.4%. Notably, Shopify emerged as one of the top performers, with a 2.3% increase in its shares. However, despite the positive performance, the TSX was on track to end the week with a loss of over 0.3%, as investor sentiment remained cautious due to heightened geopolitical tensions and expectations that the Federal Reserve will remain hawkish for longer.

标准普尔500指数下跌0.2%，纳斯达克指数下跌0.5%，道琼斯指数周五上涨50点，交易员评估中东局势并分析更多企业业绩。通信服务和科技板块表现最差，而能源和金融板块表现出色。包括苹果（-7.7%）、英伟达（-0.7%）、亚马逊（-1%）和Meta（-1.3%）在内的大型股下跌，而苹果和Alphabet则持平。特斯拉股价小幅下跌（-0.3%），连续第六个交易日下跌，原因是对其汽车的新安全担忧。在盈利方面，网飞公司在第二季度收入指导令人失望后下跌了7.8%以上，宝洁公司在季度销售额低于预期后下跌了2.3%。另一方面，美国运通在盈利和收入均超过预期后上涨了3%。本周，标准普尔500指数下跌约2.2%，为近六个月来最糟糕的一周。纳斯达克指数下跌3.6%，道琼斯指数有望在本周结束时下跌0.6%。

The S&P 500 was down 0.2% and the Nasdaq lost 0.5% while the Dow Jones gained 50 points on Friday, as traders assess the situation in the Middle East and parse more corporate results. Communication services and tech were the worst performing sectors while energy and financials outperformed. Megacaps including Apple (-0.7%), Nvidia (-0.7%), Amazon (-1%) and Meta (-1.3%) were lower while Apple and Alphabet swung around the flatline. Tesla lost slightly (-0.3%), a sixth consecutive session of declines, amid new security concerns regarding its vehicles. On the earnings front, Netflix sank more than 7.8% after its Q2 revenue guidance disappointed and Procter & Gamble was down 2.3% after its quarterly sales came below forecasts. On the other hand, American Express was up 3% after an earnings and revenue beat. On the week, the S&P 500 lost about 2.2% so far, its worst week in almost six months. The Nasdaq fell 3.6% and the Dow Jones is on track to end the week 0.6% lower.