英国3月三个月不包括红利的平均工资同比 5.6%，预期 5.7%，前值 5.9%。 ...

英国3月三个月包括红利的平均工资同比 5.5%，预期 5.2%，前值 5.6%。 ...

英国3月三个月剔除红利的平均工资年率 5.6%，预期5.7%，前值5.90%。 ...

英国3月三个月包括红利的平均工资年率 5.5%，预期5.2%，前值由5.60%修正为5.7%。 ...

Group 1 - The core viewpoint is that despite the current economic conditions, Japan's labor market remains very tight, leading to an expectation of continued wage increases [1] - Companies are likely to continue passing on the rising labor costs to consumers due to the tight employment market [1]

Core Insights - The Bank of England committee member Taylor indicated that wage negotiation data aligns with expectations, suggesting a slowdown in wage growth [1] Group 1 - Wage growth is showing signs of deceleration, which may impact inflationary pressures in the economy [1] - The alignment of wage negotiation data with expectations suggests stability in the labor market [1]

英国央行货币政策委员格林：工资和通胀指标正朝着正确的方向发展，但仍然偏高。 ...

通胀预期不是主要的政策驱动因素。 自上次会议以来的数据显示通胀在下降。 英国央行副行长Lombardelli：国内通胀的主要因素是国内因素，而不是关税。 政策受到英国通胀下降的推动。 工资水平远高于目标水平。 ...

Economic Indicators - In Q1 2025, China's current account surplus reached $165.6 billion, with a goods trade surplus of $237.6 billion and a services trade deficit of $59.3 billion [1] - Japan's national debt has hit a record high for the ninth consecutive year, totaling ¥132.37155 trillion [3] Trade Policies - U.S. Commerce Secretary stated that tariff negotiations with Japan and South Korea are complex and unlikely to reach an agreement in the short term, with a baseline tariff of at least 10% unless partner countries open their economies [1] - U.S. trade advisor emphasized that the EU is a priority in tariff negotiations due to a significant trade deficit, with the EU's VAT system being a focal point [1] Central Bank Perspectives - European Central Bank's Rehn suggested considering interest rate cuts if economic growth slows and inflation decreases due to uncertainties from U.S. tariffs [2] - New York Fed President Williams noted that U.S. trade policies increase economic downside risks, stressing the importance of maintaining stable inflation expectations [1][2] Market Performance - Dow Jones Industrial Average fell by 0.29% to 41,249.38 points, while S&P 500 decreased by 0.07% to 5,659.91 points [4] - COMEX gold futures rose by 0.70% to $3,329.10 per ounce, and silver futures increased by 0.81% to $32.88 per ounce [4] Commodity Prices - U.S. crude oil main contract rose by 1.92% to $61.06 per barrel, while Brent crude oil main contract increased by 1.65% to $63.88 per barrel [5] Bond Market - 2-year U.S. Treasury yield increased by 0.87 basis points to 3.889%, while 10-year yield decreased by 0.98 basis points to 4.382% [6]

Core Viewpoint - The Governor of the Bank of England, Andrew Bailey, emphasizes the importance of evidence indicating a slowdown in wage inflation as suggested by forward-looking surveys [1] Group 1 - The Bank of England is closely monitoring data from forward-looking surveys that show signs of a decrease in wage inflation [1]