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美國貨幣政策料將加速收緊

2022年01月19日

以美國經濟及企業盈利角度而言,美股基本面之強暫時無人可比,今年料可保持升勢,惟去年累升已多,今年升勢或會大為收斂,波動性則會比去年有增無減,主因之㇐,是寬鬆多年的貨幣政策,於通脹日升下,終要逐步收緊。

美國貨幣政策料將加速收緊

以美國經濟及企業盈利角度而言,美股基本面之強暫時無人可比,今年料可保持升勢,惟去年累升已多,今年升勢或會大為收斂,波動性則會比去年有增無減,主因之㇐,是寬鬆多年的貨幣政策,於通脹日升下,終要逐步收緊。利率點陣圖顯示,今明兩年聯儲局預料會分別加息3次,投資者似乎亦為此作準備,美國10 年期國債孳息率去年全年升60 個基點至1.51 厘水平,創2013年以來最大年度升幅;聯儲局主席鮑威爾對通脹走向的看法,亦㇐改以往強調「暫時性」的措辭。假如新冠病毒再變異,鎖國封城再現,供應鏈受影響,勢必再為通脹添壓,迫使聯儲局加快加息步伐。縱使當局已盡力調節市場預期,震盪仍在所難免。

留意美國金融股表現

防守性板塊以外,金融類別股份或成為加息浪潮中受惠板塊,特別是倚重貸款和利息收入的美國本土地區性銀行,表現或勝大型國際性銀行。

開戶尊享 HK$300 獎賞優惠

由即日起,親臨致富理財中心或於網上開戶並輸入推廣碼 US099,只需符合相關條件,可享HK$300 Donki禮券!推薦親朋好友開戶,可以獲取高達HK$6,000禮券*![了解更多]

投資基金「零」負擔

透過「致富通」應用程式或致富網頁,投資基金「零」負擔,單次認購或月供計劃一律免佣,基金購金額更低至5,000港元或700美元,另購買精選保險享有高達50%折扣優惠。

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上述報告由致富證券有限公司(「本公司」)所提供,所載之內容或意見乃根據本公司認為可靠之資料來源來編製,惟本公司並不就此等內容之準確性、完整性及正確性作出明示或默示之保證。上述報告內之所有意見均可在不作另行通知之下作出更改。上述報告的作用純粹為提供資訊,並不應視為對上述報告內提及的任何產品買賣或交易之專業推介、建議、邀請或要約。本公司及其附屬公司、僱員及其家屬及有關人士可於任何時間持有、買賣或以市場認可之方式,包括以代理人或當事人對本報告內提及的任何產品進行投資或買賣。投資附帶風險,投資者需注意投資項目之價值可升亦可跌,而過往之表現亦不一定反映未來之表現。投資者進行投資前請尋求獨立之投資意見。本公司在法律上均不負責任何人因使用本報告內資料而蒙受的任何直接或間接損失。本公司擁有此報告內容之版權,在未獲本公司許可前,不得翻印、分發或發行本報告以作任何用途。

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