On the day where we see nervousness in equity markets, probably driven by what we see in the in the Middle East and the potential for US involvement there. So European futures down, US futures down, but we will be without the liquidity there, of course, because we don't have U.S. trading. What are you watching when it comes to that overall risk appetite story.I think it's going to be an overall direction to stay. We've got some micro themes given all the central banks on tap. So it's going to be exciting fo ...

What do you take away from the market dynamics and how they've been trading. The violence in the Middle East over the last 24 hours or so. Because, yes, we've seen a bit of a pick up in oil prices, but a lot of that was unwound as we've been through the last few hours.And I wonder what that tells us about the market's response function. Yet beyond the humanitarian tragedy of the fact that we've got a war going on, from a markets point of view, this is very much an inflationary impulse rather than a risk off ...

近期，全球资本市场犹如乘坐"过山车"，美股科技股集体回调，A股市场震荡分化，美债收益率波动不 定……然而，在这一片动荡之中，日元、瑞士法郎等外币汇率却悄然走强，黄金价格更是突破历史高 位，直逼2400美元/盎司！当传统避险资产与新兴替代选项同台竞技，如何精准捕捉下一个"黄金机 会"？ 全球政策转向下的"避风港"逻辑 国际环境剧变，催生了两大核心需求：抗通胀与对冲地缘风险。 黄金：在央行购金潮和去美元化浪潮的双重推动下，其硬核保值属性愈发凸显； 部分外币：日本加息预期推升日元价值，瑞士的中立国地位则为瑞郎增添了额外的安全保障； 另类资产：比特币ETF的获批、稀土资源战略价值的重估…… 关键点在于，避险资产需具备"低相关性+高流动性+抗衰减性"三大要素！ 5月潜力候选：哪些资产在蓄力？ 1、日元：低利率时代的"最后洼地" 4月比特币期货ETF通过审批，MicroStrategy等企业疯狂囤币，华尔街逐渐认可其抗通胀属性。长期 看，比特币可能分流黄金份额，但波动率仍是双刃剑！ 4、稀土资源：技术博弈下的"战略筹码" 中国稀土出口配额收紧，美国重启采矿法案，供需缺口下镨钕氧化物价格飙升。这类"工业黄金"更适合 长线资 ...