该机构分析指出，新订单流入量的减少，使得产能压力得到一定程度的缓解。制造商的积压订单数量减 少速度加快，库存持有量也随之减少。 报告还显示，行业企业还留意到，10月因供应商交货时间缩短，行业产能出现过剩情况。 （文章来源：新华财经） 新华财经莫斯科11月4日电（记者包诺敏）标准普尔报告数据显示，2025年10月，俄罗斯制造业采购经 理人指数（PMI）为48点，较9月的48.2点有所下滑。 数据显示，俄罗斯制造业活动出现自今年7月以来的最大幅度滑坡，经营状况已连续五个月下降。 10月数据表明，俄就业规模与投入品采购量均进一步下滑，制造业采购活动下降速度显著加快，为近三 个月来的最快水平。 ...

天气预报显示，巴西潮湿天气将持续到11月中旬。季风活跃在最后阶段将助力春季播种，并有助于种子 发芽和生长。阿根廷和巴西南部本周剩余时间将有阵雨，周末阳光将重返大地。预计不会出现极端高温 天气。 芝加哥期货交易所（CBOT）农产品价格上涨抑制了非中国市场的出口需求。市场分析机构预计1月大 豆期价上行目标价位为每蒲式耳11.40美元，12月玉米期价上行目标价位为4.36-4.40美元，12月芝加哥 小麦期价上行目标价位为5.47-5.55美元。 美国农业部3日发布的数据显示，截至10月30日当周，美国玉米出口检验量为6560万蒲式耳，大豆出口 检验量为3550万蒲式耳，小麦出口检验量为1280万蒲式耳，均符合贸易预期。 本作物年度，美国玉米累计出口检验量为4.82亿蒲式耳，较去年同期增加1.88亿蒲式耳；小麦累计出口 检验量4.34亿蒲式耳，同比增加7400万蒲式耳；大豆累计出口检验量2.86亿蒲式耳，同比减少2.39亿蒲 式耳。 新华财经纽约11月3日电（记者徐静）芝加哥期货交易所玉米、小麦和大豆期价3日全线上涨。 当天，芝加哥期货交易所玉米市场交投最活跃的12月合约收于每蒲式耳4.34美元，比前一交易日上涨 ...

（文章来源：新华财经） 美联储官员戴利称，对12月利率决定持开放态度。 ...

Core Viewpoint - Federal Reserve official Goolsbee believes that interest rates will eventually stabilize at a level significantly lower than the current one [1] Group 1 - The next actions of the Federal Reserve have not yet been decided, indicating uncertainty in monetary policy direction [1] - The threshold for rate cuts is currently higher than in the previous two Federal Reserve meetings, suggesting a more cautious approach to easing [1]

Core Points - Indonesia's inflation rate rose to 2.86% in October, up from 2.65% in September, driven by increasing gold jewelry prices, remaining within the central bank's target range of 1.5% to 3.5% [1][1][1] Group 1: Inflation Drivers - The primary factor contributing to inflation from October 2024 to October 2025 is the rising price of gold jewelry, which has seen price increases for 26 consecutive months [1][1] - Fluctuations in prices of food, beverages, tobacco, and certain volatile commodities also contributed to the rise in prices [1][1] Group 2: Monetary Policy - Since September 2024, the central bank has reduced the benchmark interest rate by 150 basis points to 4.75% to balance price stability with economic growth objectives [1][1][1]

Core Insights - The recent tariff exemption agreement reached on October 26 has benefited export products from Malaysia, Thailand, and Vietnam, reducing overall tariff risks to their GDPs [1] - Despite the exemptions, Vietnam's economic risk exposure remains high, attributed to its export-oriented economy and heavy reliance on the U.S. market [1] Group 1: Tariff Exemption Agreement - The agreement allows Malaysia, Thailand, Vietnam, and Cambodia to provide favorable market access for U.S. goods, reducing tariffs on American products and facilitating commercial purchases, including LNG and aircraft [1] - Malaysia is identified as the primary beneficiary, with 63% of its export products receiving exemptions, while Thailand and Vietnam have 43% and 44% of their exports exempted, respectively [1] Group 2: Economic Risk Exposure - Vietnam's risk exposure in U.S. exports remains at 16.1% of its GDP, indicating significant vulnerability despite the tariff exemptions [1] - In contrast, Malaysia and Thailand's direct risk exposure has decreased to single digits, while Singapore and Indonesia, which did not receive the exemptions, maintain low risk exposure [2] Group 3: Potential Risks and Mitigation Strategies - The new agreement may lead to increased imports of U.S. goods, potentially impacting local industries and weakening the current account balance [2] - The report suggests that ASEAN countries are diversifying trade to mitigate adverse effects, including pursuing new trade agreements like the EUFTA and implementing domestic growth strategies [2]

Group 1 - UK manufacturing in October experienced its strongest month in a year, primarily due to Jaguar Land Rover's recovery from a cyberattack, leading to a "one-time rebound" in production. The manufacturing PMI output index returned to growth, driven by intermediate products, reflecting supply chain improvements from Jaguar Land Rover's gradual production restart. However, domestic and international demand remains weak, with companies relying on previous order backlogs to maintain operations [1][1][1] - Goldman Sachs analysts indicated that the current US government shutdown could have a record-breaking impact on the economy. This shutdown may last longer than the 35-day partial shutdown from 2018-2019 and is broader in scope, potentially affecting federal procurement and investment significantly, with spillover effects on the private sector. If the shutdown lasts about six weeks, it could reduce the annualized quarterly growth rate for Q4 2025 by 1.15 percentage points, with a further decline of 1.3 percentage points in Q1 2026 due to spillover effects from federal procurement and investment [1][1][1] Group 2 - HSBC Global Investment Research stated that the US dollar may bottom out in early 2026 due to anticipated further rate cuts by the Federal Reserve and uncertainty regarding the next chairperson. This week, dollar shorts will face new challenges as multiple Federal Reserve officials' speeches and US economic activity indicators will be market focal points. The sensitivity of the dollar may increase further [2][2][2] - Morgan Stanley MUFG strategists remain bullish on the mid-section of the Japanese government bond yield curve, believing that changes in the US economic landscape may lead to a downward repricing of the Bank of Japan's terminal rate. Despite some alleviation of fiscal issues under the new government, they remain cautious about long-term bonds, noting that Japan's top ten life insurance companies' investment plans for the second half of FY2025 suggest they are unlikely to be a stable demand source for ultra-long Japanese government bonds [2][2][2] Group 3 - The Indian rupee is nearing a record low, with recent interventions by the central bank proving limited in effectiveness. The rupee has depreciated for three consecutive days against the dollar, trading at 88.7988. Despite the Reserve Bank of India's recent unexpected sale of large amounts of dollars to stabilize the market, the rupee has failed to maintain its gains. Traders noted that the central bank has been selling dollars in smaller amounts to prevent the rupee from breaching the historical low of 88.8050 [3][3][3] - Switzerland's annual inflation rate unexpectedly dropped to 0.1% in October, down from 0.2% in September. Analysts suggest that the Swiss National Bank may not be influenced by this result, as the bank expects inflation to rise in the coming months. Factors such as declining rental inflation and anticipated electricity price reductions may lead to a further drop in inflation to -0.3% by February next year. However, the Swiss National Bank has indicated that it will only consider lowering key interest rates below 0% if mid-term inflation falls below zero [4][4][4]

亚星化学表示，截至目前，本次交易正处于筹划阶段，交易各方尚未签署正式的交易协议，具体交易方 案仍在商讨论证中，尚存在不确定性。 公开资料显示，天一化学成立于2002年，位于潍坊滨海经济开发区，是一家国家级高新技术企业和专精 特新"小巨人"企业，经营范围涵盖化工产品生产（不含许可类化工产品）、化工产品销售（不含许可类 化工产品）、肥料销售等。 新华财经北京11月3日电（王媛媛）亚星化学11月3日晚间公告称，公司正在筹划以发行股份及支付现金 的方式购买山东天一化学股份有限公司控制权，或同步收购其他股东所持标的公司股份。本次交易预计 构成重大资产重组。公司股票自2025年11月4日开市起停牌，预计停牌时间不超过10个交易日。 亚星化学于2001年3月在上交所挂牌，主营业务涉及烧碱、CPE等化工产品的研发、生产与销售。公司 10月30日发布2025年三季报显示，亚星化学前三季实现营业收入6.41亿元，同比下滑2.53%；归母净利 润-1.44亿元；扣非归母净利润-1.44亿元。 二级市场上，11月3日，亚星化学上涨4.58%，收于8.9元／股，总市值34.51亿元。 （文章来源：新华财经） ...

·两部门：到2030年构建覆盖全面、技术先进的节水装备体系 ·中国对瑞典免签延长对法国等免签至2026年底恢复赴加拿大团队游 ·据商务部消息，2025年10月31日至11月1日，商务部安全与管制局江前良局长与欧委会贸易总司雷东内 副总司长在布鲁塞尔举行"升级版"中欧出口管制对话磋商。双方就出口管制领域彼此关切进行深入、富 有建设性的沟通。双方同意继续保持沟通交流，促进中欧产业链供应链稳定与畅通。 【重点关注】 ·国家移民管理局推出支持扩大开放服务高质量发展10项创新举措 【国内要闻】 ·国家移民管理局3日发布公告，决定实施支持扩大开放服务高质量发展10项创新举措，6项措施自2025 年11月5日起实施——扩大往来港澳人才签注政策试点实施范围；实施大陆居民申办往来台湾探亲签 注"全国通办"；在部分与港澳台通航通行口岸推广应用智能通关；支持促进河套深港科技创新合作区深 圳园区生产要素高效跨境流动；扩大24小时直接过境免办查验手续口岸范围；增加广东省5个口岸为240 小时过境免签政策入境口岸。 ·工业和信息化部、水利部近日联合发布《节水装备高质量发展实施方案（2025—2030年）》，着力巩 固提升节水装备产业链竞 ...

Group 1 - The core viewpoint of the news is the signing of 13 new display industry cooperation projects in Chengdu, with a total investment of 15.74 billion yuan, covering various segments of the display industry chain [1][2] - The signed projects include significant initiatives such as the display and semiconductor target material R&D and manufacturing base, and the iQIYI film and television project, which aims to enhance regional industrial development through content creation [1] - The event attracted over 200 influential enterprises from the display industry, covering upstream and downstream sectors, and focusing on major global display technology innovations [1] Group 2 - Sichuan has successfully attracted and nurtured leading enterprises like BOE and Chengxin Optoelectronics, gathering over 150 companies in the display industry chain [2] - The completeness of the new display industry chain in Sichuan exceeds 70%, with an industry matching rate of over 45% [2] - As of the first half of 2025, there are 47 projects in the new display industry in Sichuan with investments exceeding 100 million yuan, representing a nearly 50% year-on-year increase [2]