北京时间11日凌晨blockchaingames2021，美股周三午盘继续下滑，道指跌逾500点。美国3月CPI涨幅超预期，显示通胀压力仍然高企，引发了人们对美联储今年可能不会降息的担忧。CPI数据公布后，10年期美债收益率突破4blockchaingames2021.5%创年内新高。

　　道指跌488blockchaingames2021.57点，跌幅为1.26%，报38395.10点blockchaingames2021；纳指跌168.06点，跌幅为1.03%，报16138.58点；标普500指数跌57.17点，跌幅为1.10%，报5152.74点。

　　周三午盘美国国债收益率继续攀升，10年期国债收益率上涨14.1个基点，突破4.5%，达到4.507%，创年内新高。2年期国债收益率上涨16.5个基点，升至4.912%。日元兑美元汇率跌破152，创34年来新低。

　　美国3月CPI数据显示通胀压力依旧高企

　　周三美股开盘前，投资者迎来了备受关注的3月CPI通胀数据，并依据这些数据下调了对美联储利率政策路径的预期。

　　美国劳工统计局周三报告称，受到汽油和住房价格上涨推动，美国3月消费者价格指数（CPI）环比上涨0.4%，同比涨幅反弹至3.5%。

　　剔除波动较大的食品和能源价格不计，3月核心CPI核心CPI环比增长0.4%，同比增长3.8%，均高于预期。

　　此前接受道琼斯调查的经济学家预计美国3月CPI环比上涨0.3%、同比上涨3.4%；剔除波动较大的食品和能源价格不计，预计3月核心CPI将环比上涨0.3%、同比上涨3.7%。

　　3月CPI指数的上涨速度快于经济学家的预期，表明通胀顽固，并使市场降低了对美联储降息的预期。

　　该报告公布后，日元对美元汇率一度跌破1美元兑换152日元，降至1990年7月以来最低水平。

　　3月CPI报告可能粉碎了最近两个月通胀报告是“异常值”的幻想。

　　在上个月的新闻发布会上，鲍威尔承认2024年前两个月的CPI数据打破了从2023年6月开始的通胀压力显著放缓趋势。鲍威尔当时警告说，不要简单根据两份报告修改整个通胀前景，对于1月和2月更强劲的通胀上涨，部分原因可能是季节性因素。

　　周三的CPI通胀报告进一步证明，尽管美联储将利率维持在20年来的高位，但其遏制通胀的努力可能正在遭遇挫败。由于强劲的劳动力市场仍在推动家庭需求，美联储官员们一直坚称，他们希望看到更多证据表明物价压力正在持续降温，然后才会降低借贷成本。

　　机构评论指出，周三的美国CPI数据进一步证明，美国货币政策没有美联储认为的那么具有抑制性，因此利率需要维持更高更久。

　　市场降低对美联储今年降息的押注

　　在3月CPI数据显示通胀高于预期后，市场对美联储6月降息的押注几乎消失殆尽，甚至7月的前景看起来也更加不稳定。交易员也坚定了他们的预期：今年只会降息两次，而美联储的点阵图预计会降息三次。

　　互换市场显示，美联储6月降息的可能性已经下降，并将美联储首次降息时间从9月推迟至11月；掉期交易显示，2024年美联储仅会降息50个基点；货币市场预计2024年欧洲央行将降息大约80个基点，数据公布前为87个基点。

　　根据芝商商品交易所（CME）的FedWatch期货市场定价指标，目前市场预计6月份降息的可能性不到20%，低于一个月前的近80%。

　　达科塔财富高级投资组合经理Robert Pavlik表示：“通胀数据比预期火热，无论是整体还是核心数据，这都推动了期货的下跌，因为数据表明了通胀具有粘性，以及美联储在2024年要么减少降息次数，要么根本不降息的可能性。我不认为这说明有必要加息，但股市必须重新定价，以适应通胀数据带来的不同环境。”

　　高盛分析师罗斯纳称：“利率市场需要认真考虑利率在更长时间内维持高水平的可能性，至少持续到今年夏季，甚至可能持续到今年年底。通胀数字并没有削弱美联储的信心，但却给它蒙上了一层阴影。”

　　AmeriVet Securities美国利率交易和策略主管Gregory Faranello表示：“强于预期的CPI证实，联邦公开市场委员会（FOMC）将在降息问题上采取更为谨慎的态度。这也支持了我们短期看空美国国债市场的观点，因为我们正在努力克服通往2%的通胀道路上的障碍。”

　　摩根大通资产管理公司首席全球策略师David Kelly表示，这份报告显示美联储6月份降息的大门已经关上。

　　LPL Financial首席全球策略师Quincy Krosby表示，如果3月CPI通胀数据高于预期，可能导致今年美股在年初上涨后出现严重回调。

　　有“新美联储通讯社”之称的财经记者Nick Timiraos指出，鉴于美联储官员对1月和2月的通胀数据反应不足，3月份再度火热的通胀数据可能会导致美联储产生“过度反应”。

　　Timiraos表示，如果CPI数据显示美联储抑制通胀的进程再次受挫，这可能会打乱美联储想要在6月降息的计划，并将首次降息的时间推迟到7月，甚至更晚。

　　Index Fund Advisors公司高级副总裁、《投资美国金融史：观往知来》一书的作者马克-希金斯（Mark Higgins）表示：称，美联储并不急于降低基准利率。此前关于央行计划在年底前多次降息的预期似乎已不太可能实现。

　　他表示：“允许通胀持续存在的风险，仍然远远超过引发经济衰退的风险。美联储在1960年代后期未能做到这一点，是导致通胀在1970年代根深蒂固的主要因素之一。”

This time, he said, the central bank is likely to be very cautious, even if it means keeping interest rates high for longer. "my intuition is that they are aware of the risks and will not relax prematurely," he added.

In addition to Wednesday's inflation report, investors are waiting for the Fed to release the minutes of its March monetary policy meeting, hoping to find further clues to policymakers' position on expected interest rate cuts this year.

Focus stocks

Morgan Stanley raised its target price for Nvidia to $1000 on Wednesday from $795.

On Tuesday, Intel launched the Gaudi 3 AI chip at a "fraction" of the cost of the Nvidia H100 chip and announced it had won contracts from companies such as Dell, Hewlett-Packard and Lenovo. Nvidia said that compared with the Nvidia H100, the Gaudi 3 improved training performance by 170%, reasoning ability by 50%, and efficiency by 40%, but the cost was much lower.

Morgan Stanley said it cut Boeing's target price from $235 to $180, maintaining a "neutral" rating, given the slowing pace of delivery.

"Indian Business online" 10 local time quoted sources as saying that the US electric car manufacturer Tesla is in talks with India's Reliance Industries to discuss the establishment of a joint venture and a plant in India.

In addition, a person familiar with the matter said that Musk will visit India on April 22 local time to meet with Indian Prime Minister Narendra Modi. It is reported that Musk is expected to announce news related to Tesla's investment plan and building a factory in India.

Tesla has been slashing the price of Model Y in North America, sparking speculation that the model is trying to clear inventory before it is updated. On April 10, the relevant person in charge of Tesla told the Securities News reporter that the North American region will not launch a modified Model Y this year.

In addition, foreign media reported that Tesla is developing a Model Y project codenamed "Project Juniper", and there are also rumors that the Shanghai super factory will start producing the modified Model Y in mid-2024. Tesla also made it clear that for the Chinese market, there is no plan to change the Model Y this year.

Apple has assembled $14 billion worth of iPhone in India in fiscal year 2024, according to media reports on Wednesday. The Indian government's fiscal year usually begins on April 1 and ends on March 31 of the following year.

Apple currently produces about 1/7 of its global iPhone devices in India, according to people familiar with the matter. It is worth mentioning that the latest release of Indian production data has doubled from a year ago. According to a report a year ago, Apple assembled more than $7 billion of iPhone in India in 2023 and produced nearly 7 per cent of its iPhone in India.

At the Google Cloud Next 2024 event, technology giant Google announced a major development: its first Arm-based CPU designed specifically for data centers, named Axion. The new processor marks Google's latest breakthrough in cloud computing hardware, aimed at improving data center performance and energy efficiency.

According to the official website of the Drug Evaluation Center of the State Drug Administration (CDE), the application for clinical trials of the class 1 new drug Amycretin tablets by the Danish pharmaceutical company Novo Nord has been accepted. It is reported that this is a long-acting co-agonist of oral GLP-1 receptor and amylin receptor developed by Novo Nord, which is a new generation of weight loss therapy. In Novo Nord's recently published small phase 1 clinical trial, patients lost 13.1% of their weight after 12 weeks of treatment with the product (1.1% in the vs placebo group).

Delta expects adjusted earnings of $2.2 to $2.50 per share in the second quarter, compared with a market estimate of $2.23.

Faraday announced the establishment of a sales entity in the Middle East in the future.

Ma Yun said Alibaba has returned to the track of healthy growth.

TSMC's sales rose 34.3% in March from a year earlier.

Xiaopeng Auto official announced that he officially entered the Hong Kong and Macao market.