第一财经记者9月2日从上海迪士尼度假区获悉，目前已启动"达菲月"活动，今年是达菲诞生20周年，目 前"达菲和朋友们"（达菲、玲娜贝儿等IP）已经是亚洲的迪士尼乐园中最畅销的品牌系列之一，其全球 商品年销售额已突破5亿美元。 ...

寒武纪早盘维持涨势，盘中涨幅超4%，股价一度站上1500元/股，但随后股价下挫，截至午盘，每股股 价1450.11元，涨幅收窄至0.12%。 9月2日，市场早盘震荡走低，创业板指下挫跌逾2%，沪指一度跌逾0.9%，深成指跌近2%。 盘面上，算力硬件股领跌，多只个股短线跳水，剑桥科技跌停，德科立、锐捷网络跌超10%；多只科技 股大跌，截至午盘，德科立、科思科技跌逾13%，锐捷网络、新雷能、隆扬电子等跌逾10%。 ...

2025.09.02 本文字数：1223，阅读时长大约2分钟 作者 |一财阿驴 11:31 A股午盘｜创业板指跌2.9% 消费电子、算力板块领跌 上证指数报3844.84点，跌0.79%，深成指报12545.82点，跌2.21%，创业板指报2870.72点，跌2.9%。消 费电子、CPO、算力、军工、信创等板块跌幅居前；贵金属板块延续涨势，银行、电力股表现活跃。沪 深京三市下跌个股近4500只，仅858只个股上涨。 | | A股重要指数 | | | | --- | --- | --- | --- | | 名称 | 最新 | 涨跌 | 涨幅 | | 上证指数 | 3844.84 | -30.69 | -0.79% | | 深证成指 | 12545.82 | -283.13 | -2.21% | | 北证50 | 1548.54 | -20.09 | -1.28% | | 创业板指 | 2870.72 | -85.65 | -2.90% | | 板块名称 | 涨幅量 | 板块名称 | 涨幅备 | | --- | --- | --- | --- | | 贵金属 | +2.05% | 通信设备 | -5.53% | ...

2025.09.02 本文字数：628，阅读时长大约1分钟 作者 |第一财经 栾立 雀巢集团董事会于2025年9月1日宣布，Philipp Navratil被任命为雀巢集团首席执行官，接替被解雇的傅 乐宏（Laurent Freixe），立即生效。傅乐宏的离任源于一项调查，调查发现他与直接下属存在未公开的 恋爱关系，违反了雀巢的《商业行为准则》。 据介绍，接任者Philipp于2001年加入雀巢，曾任雀巢洪都拉斯市场负责人、墨西哥的咖啡和饮料业务负 责人等，2020年转任雀巢咖啡战略业务部门，负责制定全球战略并推动雀巢咖啡和星巴克咖啡品牌的创 新。2024年成为雀巢旗下胶囊咖啡奈斯派索负责人，并于2025年1月1日加入雀巢集团执行董事会。 在傅乐宏主导下，2025年3月3日，雀巢刚刚宣布收购中国知名糖果、食品品牌徐福记剩余40%的股份， 而前一次收购60%徐福记的股份是在2011年，此次收购也是近年来雀巢在中国较大规模的一次并购动 作。 2025年半年报显示，雀巢集团收入442亿瑞士法郎，同比增长2.9%。 对于再次更换CEO，雀巢董事会主席保罗·薄凯表示，雀巢的战略方向不会改变，业绩节奏也不会放 缓。 微信 ...

| R | | 贵州茅台 200519 | | 日酒 | 1.14% | | 同行对比 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 消费ETF龙头。 | | 含贵州茅台 | 10.3% | | | | 1498. 54 +22.44 +1.52% 陆 | | 资金分析(万元) | | | ? 排名 | | 李比 | -64.00% | | | | | | | | | | | -32 | न्द्रे 卖 主力流入: | | | | | 5 | | 1499.27 | | 200320.0 1 | | 12% | 16% | | | | | | 王力流出: 21 | 13% | | | | ম | | 1499.07 | | -1 167897.9 | | 资金 | 14% | | 3 | | 1499.02 | | 王力争流入 2 | | 占比 | | | | | | | 32422 1 | | 21% | 16% | | 2 | | 1499.00 | | 45 年7時宣成本 12 | | | | | 1 | | 1498.90 ...

9月2日，现货黄金冲上3500美元关口，刷新历史高位，最高触及3504.5美元/盎司，日内涨0.8%。 ...

Group 1: Stock Market Movements - Baijiu stocks experienced significant upward movement, with Jinhuijiu rising over 5%, and Luzhou Laojiao, Laobai Ganjiu increasing over 2%, while Kweichow Moutai, Gujing Gongjiu, and Wuliangye rose over 1% [2] - Industrial mother machine concept stocks opened higher, with Huadong CNC hitting the daily limit, and other stocks like Huazhong CNC, Haitan Precision, and Kede CNC also showing strong gains [3] - The A-share market opened with mixed results, with the Shanghai Composite Index up 0.04% at 3877.09 points, while the Shenzhen Component Index and the ChiNext Index fell by 0.09% and 0.18% respectively [5] Group 2: Sector Performance - The precious metals sector continued its upward trend, with notable gains in industrial mother machine and port shipping sectors, while AI PCs, consumer electronics, tourism and hotels, and film and television sectors saw declines [5] - In the Hong Kong market, the Hang Seng Index fell by 0.11%, while the precious metals sector saw widespread gains, with China Silver Group and China Gold International rising over 3% [7] - The central bank conducted a 7-day reverse repurchase operation of 255.7 billion yuan at an interest rate of 1.40%, maintaining previous levels [8] Group 3: Currency and Futures - The RMB depreciated against the USD by 17 basis points, with the central parity rate reported at 7.1089 [9] - FTSE China A50 index futures opened lower, down 0.15% [10]

降息预期升温给予金价支撑，9月1日，国际金价高开高走，盘中冲上3557.1美元/盎司，再次刷新历史 高位。 国内期货市场上，沪金主力合约跟随大涨，盘中突破802元/克，一日涨超16元/克。消费端，周大福、 老凤祥今日零售金饰报价分别为1027元/克、1025元/克，较上周五分别上调12元~14元/克。社交平台 上，"看中的60克金镯一夜之间贵了近1000元"社交网络上一位消费者发布动态称。 同样刷新历史高点的还有白银期货价格，9月1日上午，COMEX白银盘中最高触及41.64美元/盎司，年 内累计涨幅41%，跑赢黄金34%的同期涨幅。 黄金、白银的9月"开门红"究竟是一场短暂的情绪狂欢，还是新一轮牛市的序幕？ 谁在点火？ 对于这轮黄金价格大涨，美国银行分析师指出，除了美联储降息预期强化推高了国际金价，近期美联储 理事被免职风波削弱市场对美元资产信心，避险资金涌入对金价形成支撑。 "具体看来，近日在杰克逊霍尔全球央行年会上，鲍威尔发言明显转鸽，讲话市场对于9月降息预期迅速 升高。" 永赢黄金股ETF基金经理刘庭宇对第一财经分析称，本次鲍威尔的发言被视为为9月重启降息打 开大门，黄金价格在消化了前期美国经济数据反 ...

Core Viewpoint - The article discusses concerns among economists regarding the potential impact of the Trump administration's pressure on the Federal Reserve, particularly after the term of Chairman Powell ends next year [2][3]. Group 1: Economic Concerns - A survey of 94 economists indicates that many believe the Trump administration's interference could undermine the Federal Reserve's ability to manage inflation through interest rate setting [2][3]. - Economists warn that investors may be underestimating the threat posed by the Trump administration to the Federal Reserve's independence, with some describing the future of U.S. monetary policy as "chaotic" and "disastrous" [3][5]. - 89 out of 94 economists surveyed stated that the ongoing conflict has already damaged the credibility of the Federal Reserve [5]. Group 2: Political Dynamics - The confirmation hearing for Trump's latest nominee for the Federal Reserve Board, Stephen Miran, is scheduled for September 4, with expectations that it will be expedited before the FOMC meeting on September 16-17 [2][9]. - The article highlights a significant test of the relationship between the White House and the Federal Reserve, particularly following Trump's dismissal of board member Cook, which has led to legal disputes [4][9]. - Economists express concern that if Trump's pressure leads to a loss of the Federal Reserve's independence, it could harm the largest economy in the world [5][10]. Group 3: Future Projections - 42% of surveyed economists believe that Trump's actions could trigger strong inflationary pressures, while 35% see a potential loss of investor confidence in U.S. Treasury bonds as a major risk [6]. - A majority of economists (52%) expect that the focus of the Federal Reserve will shift after Powell's term ends, prioritizing government borrowing costs and employment over price stability [5]. - Despite the potential changes, over a quarter of economists remain cautiously optimistic, predicting that the Federal Reserve will still be able to fulfill its responsibilities, albeit with reduced independence [5].

2025.09.02 本文字数：1948，阅读时长大约3分钟 作者 |第一财经 樊志菁 历史数据显示，9月是美国市场表现最动荡的月份，而今年投资者可能将迎来美联储重启降息、特朗普 干预美联储独立性风险等多重不确定性考验，这也让回归历史高位的美股三大股指能否延续强势充满了 悬念。 标普500指数9月历史走势（来源：美银全球研究） 估值可能是现阶段的重要风险之一，标普500指数远期市盈率已经达到22倍，接近互联网泡沫末期的水 平。一些业内人士担心，当养老基金和共同基金在季度末（9月底）进行投资组合再平衡时，可能引发 抛售压力。巴克莱银行策略师埃曼努尔考（Emmanuel Cau）发现，对冲基金近期股票持仓比例已达 80%分位数，头寸面临过度扩张的风险。 8月以来，美股市场出现了微妙变化，周期性行业、小盘股等经济敏感型股票反弹领涨华尔街，大型科 技股则退居二线。根据FactSet的数据，非必需消费品行业ETF上月上涨4.3%，而金融行业ETF2.6%，小 盘股指数罗素2000上涨7.3%，均大幅超过科技和通信技术1%左右的涨幅。 近期的美国经济数据描绘了一幅喜忧参半的图景。5-7月非农就业人数大幅走低，密歇根大学和 ...