铜 (Copper) 加自选

意大利10年期政府债券收益率小幅上涨至3.55%，因投资者权衡了新实施的美国关税和新的欧元区通胀数据的影响。美国的有效关税率已从年初的略高于2%飙升至15%左右，为20世纪30年代以来的最高水平。在8月1日截止日期前最后一刻达成协议后，欧盟现在对其对美国的出口征收15%的关税。在通胀方面，7月份欧元区消费者价格同比上涨2.0%，连续第二个月达到欧洲央行的目标，但略高于市场预测的1.9%。核心通胀率稳定在2.3%。随着未来几个月整体通胀率预计仍将高于欧洲央行的预期，进一步降息的可能性已经降低。在美国，美联储主席鲍威尔的鹰派语气进一步降低了市场对9月会议降息的预期。

Italy’s 10-year government bond yield rose slightly to 3.55% as investors weighed the impact of newly implemented US tariffs and fresh Eurozone inflation data. The effective US tariff rate has surged to around 15%, up from just over 2% at the beginning of the year—its highest level since the 1930s. The EU now faces a 15% tariff on its exports to the US, following a last-minute deal reached just before the August 1 deadline. On the inflation side, Eurozone consumer prices increased by 2.0% year-on-year in July, matching the ECB’s target for a second straight month but slightly exceeding market forecasts of 1.9%. Core inflation held steady at 2.3%. With headline inflation projected to remain above ECB expectations in the coming months, the probability of further rate cuts has diminished. In the US, Fed Chair Powell’s hawkish tone has further dampened market expectations for a rate cut at the September meeting.