???:??????3%,????????????????

????:???????:????????????

????“??????????????”????????????,????,??

?????????????????,10???????8??,????,?????1.08%?22849.23?,?????????????????1.73%,???1.16%???????????????????,?15%,????8%;????????,????14%???14%?

???,????,??????3%,???????5%,??4%?????,???????22%,???????????19%,????18%?

???????,“????????”?(10???????????????????1?10???????4?)??????,????????????????????,????10%,???????7.6%?

???????????????????,????????????????225????????1.9%,?????100?????0.5%,???????????0.1%?

??????500??????0.2%???0.3%,??0.9%,????????????????DAX???????????????????????1.1%,????????CAC40????????????????1.2%,????????????Senssex30????????????????????3.1%?

????,????????????,??????????

????????,?,??????11%,????????11.92%??????????????????????????????,???????????10%,??????10.70%?10.69%?10.51%????????????10.43%?

???????????9%,????????9.47%?9.29%??????9.07%?

???????,??????”?????????????????,??????????????????,??

???,???????????10%,??????????????4?????????????,?9?????30%?

??????????,??,?????????,??,?????????80%????????????????(????????)?????????

“?,????????;???????????70%???????????????,????ADR??ADR??????,????(????),??,?????????,??”??????

??,??????,?????????????

??????????,????????????????????,??,??????????,?,???????????????????????,?????,??????????????????????,?? ??,?????,?????????????????????????,??????,????????50%?????

“????,???,?????,?????4??11.8?????????,??????2019??????????2023?????????????????21.94%???????????????????????????2.92%?”?????

????????????,??,????2023?4?2024??3???????????81.8??,8?????PCE?????????????2.2%,?????????????????2021?????????3???????????,9??????????????50bp?????????????????,??????????????

“????????,??,????????????????A???,????????????”??

?????,???????,???,???????,???????????,??????,?19.5?,??????????1??,???????32.5%?

???????:?????????