Core Insights - Fitch Ratings indicates that the non-bank financial institutions (NBFI) sector in the Asia-Pacific region shows varying degrees of sensitivity to global uncertainties [1] Group 1 - The outlook for the Asia-Pacific NBFI sector reflects the impact of global economic conditions and uncertainties [1] - Different segments within the NBFI sector are affected differently by these global uncertainties, highlighting the need for tailored strategies [1] - The overall performance of the NBFI sector will depend on how these institutions navigate the challenges posed by the global economic environment [1]

Core Viewpoint - The IMF Vice President emphasizes that Latin American economies should not adjust their policy frameworks or abandon fiscal plans, advocating for continued prudent fiscal policies amidst global uncertainties [1] Group 1 - Latin America must maintain a cautious fiscal policy in the face of global uncertainty [1]

印度首席经济顾问：尽管全球不确定性蔓延，印度的经济表现仍具韧性。 ...

Group 1 - The Reserve Bank of Australia (RBA) has lowered the benchmark interest rate by 25 basis points to 3.85%, marking a two-year low, in response to increasing global uncertainties [1] - The Australian dollar fell by 0.5%, and yields on three sensitive bonds dropped by 7 basis points as traders increased bets on the RBA easing policy by 2026 [1] - The RBA's cautious stance is influenced by various uncertainties, including geopolitical issues, trade, domestic demand, wages, and corporate pricing behavior [1][2] Group 2 - The RBA anticipates that the final scope of tariffs and other countries' policy responses remain highly uncertain, which could negatively impact global economic activity [2] - Following a significant victory by the center-left government in Australia, there are concerns regarding potential structural deficits and the risk to Australia's AAA credit rating due to proposed expansionary fiscal plans [2] - The RBA's latest quarterly macroeconomic forecast suggests that potential inflation will slow slightly, reaching the midpoint of its 2-3% target range, with a slight easing in the labor market expected [2] Group 3 - The RBA aims to balance slowing price growth while maintaining labor market growth, a strategy that has faced criticism but appears to be effective as core inflation has returned to target levels for the first time in over three years [3] - The RBA has indicated that inflation risks are now balanced, with upward risks diminishing due to anticipated pressures from international developments [3]

Core Viewpoint - The German economy is in a state of recession, with a projected decline in economic output of 0.2% for the year, influenced by U.S. tariff policies and global uncertainties [1] Economic Performance - The report indicates that Germany has experienced economic contraction for two consecutive years in 2023 and 2024 [1] - The cautious behavior of consumers in making large purchases is highlighted as a significant factor affecting economic performance [1]

Core Viewpoint - The comments from Bank of England member Taylor highlight that global uncertainty and trade shifts may lead to deflationary pressures in the economy [1] Group 1 - Global uncertainty is identified as a significant factor influencing economic conditions [1] - Trade transfers are contributing to the potential for deflation [1] - The implications of these factors could affect monetary policy decisions moving forward [1]

【沪铜：价格震荡，多因素交织】昨日，铜价早盘先上扬后下跌，夜盘小幅走强，重回 78000 上方。宏 观上，全球不确定性反复，中俄发表联合声明，英美达成关税协议，市场风险偏好改善，美联储降息预 期偏好，美元指数重回 100 上方。矿端供给紧张未变，冶炼加工费走低。国内消费旺季近尾声，去库节 奏放缓。综合看，贸易关税虽有突破，但美与他国谈判或存阻力，需求预期有限，叠加美元下行放缓， 铜价或维持区间震荡。【沪铝：延续震荡态势】昨日氧化铝价格反弹，夜盘至 2800 上分。宏观方面， 全球不确定性反复，中俄联合声明，英美关税协议达成，钢铝关税取消，市场风险偏好改善，美联储降 息预期偏好，美元指数重回 100 上方。氧化铝部分地区现货价格微升，短期减产增多，做空情绪减弱， 但新产能投产推进，进口矿石价格下行，氧化铝上方空间有限。沪铝供给约束仍在，产量增长慢。国内 旺季消费近尾声，去库节奏放缓，关注美国铝关税变化。综合看，氧化铝短期下行动能减弱，基本面仍 偏空，沪铝预计延续震荡。【沪镍：多空交织，格局未变】供应方面，矿端紧张未改善，关注雨季结束 进展；镍铁成本高，下游钢厂盈利承压，市场僵持；中间品受硫磺价格上涨和印尼天气扰 ...

印度三月经济报告：由于全球不确定性，商品出口可能面临压力，服务出口预计将保持其韧性。 ...

土耳其财政部长：国内需求和投资使土耳其经济在全球不确定性中相对具有韧性。 ...

智通财经4月16日电，世界银行行长班加表示，全球不确定性正在促成一个更加谨慎的商业和经济环 境。 ...