首域投资(First State Investments)驻悉尼的高级分析师怀特(James White)说，9月份的情形可能会让我们更加确信，欧洲能够推迟任何重大的重组措施，从短期来看这对市场可能是积极的。首域投资管理着1,488亿美元的资产。

Investors are also closely watching the leadership transition in China and the presidential election in the U.S., both of which could lead to more stimulus measures in those economies.

投资者正在密切关注中国的领导层换届和美国的总统大选，这两件事都可能为这两大经济体带来更多刺激性措施。

The underlying dynamics are very different for the recent rally than for the one at the beginning of the year, when the MSCI AC Asia ex Japan Index climbed 22% from late November to the end of February, according to research by HSBC, which holds that the current rally looks 'weaker' than the last.

最近这次反弹的内在原因与年初的那次反弹有很大不同，根据汇丰控股(HSBC)的研究，2月末，摩根士丹利资本国际亚洲（不含日本）指数较去年11月末上涨了22%。汇丰控股认为，如今的反弹看起来比上一次更加脆弱。

That earlier rally, the bank says, was driven largely by the ECB's unexpected announcement of its so-called long-term refinancing operation, in which European banks were able to borrow at low interest rates, which eased pressure on the banks. In the recent rally, the markets have reacted not to central-bank action, but rather in anticipation that something will happen. And this rally is taking place in a more difficult environment of earnings downgrades and falling rather than rising trading volumes.

【全球市场即将迎来多事之秋】相关文章：

★ 石原慎太郎将辞去东京都知事一职

★ 欧元区必须采取更激进措施

★ 盘点2011-年度奇闻异事

★ 江南Style：Youtube观看次数最多视频

★ 2013：全球冲突依旧

★ 2013年全球IPO市场将会回暖

★ 开罗发生去年革命以来最大冲突

★ 世界各地喜迎新年

★ 元宵节来历传说之关于元宵节点彩灯的来历

★ 美国制造业即将复兴？