德国将停止欧央行购债计划, 美国 3 月份贸赤扩大至 444 亿美元

In 每日市场分析
May 06, 2020

德国将停止欧央行购债计划
德国最高法院裁决指,因应欧央行购债计划部份违宪,故裁定德国央行必须在未来 3 个月内,停止按照欧央行的长期刺激计划购买国债,除非欧洲央行可以证明计划的必要性,不过裁决不适用於最新抗疫计划。案件可追溯至 3 年前,当时德国法院反对德央行参加公共部门买债计划。该裁决引发市场对欧央行买债计划可持续性的担忧,使欧元汇价受压。不过,市场另一方面则认为欧洲央行只要证明买债计划的合适及必要性,将不会对未来购债计划造成影响。

美国 3 月份贸赤扩大至 444 亿美元
面对疫情美国人难於外出消费,在此情况下原以为美国的贸赤会因而减少。但有趣是这想法并不正确。昨晚数字显示,美国 3 月份贸赤扩大至 444 亿美元,按月大幅增加 11.6%。主要是出口大跌 9.6%所致。受疫情影响,美国人确减少了消费,但入口跌幅只有 6.2%,远不及出口下跌严重。相信这是导致美国在疫情下贸赤仍大幅攀升的原因。贸赤愈大意味愈多美元从美国流失,这可见为不利美元因素

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