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宏观经济可能在一,二季度见底,而现在正是增持较高风险资产的时候。自去年12月以来已经两次调降了存款准备金率,未来第三次的下调将有机会令投资者风险偏好回升,并以此带动资金回流风险资产。2010年以来全球股债汇及商品市场普遍扬升,受惠于希腊换债成功令欧债危机疑虑淡化,加上美联储经济展望及银行压力测试结果正向,激励美欧股市走扬,美国标普500指数更是自2008年次贷危机后首度站上1400点。与此同时,中国二月
The macroeconomy may bottom out in the first and second quarters, and it is time to add more risky assets. The deposit reserve ratio has been lowered twice since December last year. The third downward adjustment in the future will give investors an opportunity to pick up their risk appetite and, in doing so, boost the return of risky assets. Since 2010, the global debt and commodity markets generally rose, benefiting from the success of the Greek debt swap debt worries dilute the United States, coupled with the Federal Reserve Economic Outlook and the positive test results of bank stress, to encourage the United States and Europe stock market to go up, the United States standard The P 500 index is the first since 1400 after the subprime crisis in 2008 on the 1400 points. In the meantime, China in February