Group 1 - The Reserve Bank of Australia (RBA) decided to maintain the cash rate at 3.60% during its final meeting of the year, ending hopes for further rate cuts as inflation is expected to rise again in the second half of 2025 [1][2] - Analysts believe the easing cycle of the RBA has concluded, with potential for rate hikes as early as February next year if inflation pressures persist [1][2] - The housing market is experiencing upward pressure on prices, which may be alleviated by the shift in interest rate expectations [1] Group 2 - Recent data indicates a broad-based rise in inflation, although some of this may be attributed to temporary factors, necessitating close monitoring of inflation trends [2][4] - Economic activity is recovering, driven by increased private demand, with both consumption and investment contributing to this growth [2][4] - The labor market remains slightly tight, with a gradual increase in unemployment and slowing job growth, yet many businesses still struggle to find suitable labor [2][3]

Core Viewpoint - The influx of foreign investors into Japan's bond market is significantly increasing market volatility, with overseas investors now accounting for approximately 65% of monthly cash transactions, up from 12% in 2009 [1][4]. Group 1: Foreign Investment Trends - Foreign investors are expected to purchase a record amount of Japanese government bonds this year, despite the risks associated with rapid capital withdrawal [1]. - The current public debt in Japan is projected to reach about $9.3 trillion, approximately 230% of GDP, raising concerns about potential confidence shocks [4]. - Foreign traders have more investment options compared to their Japanese counterparts, making it easier for them to reduce their holdings [5]. Group 2: Market Volatility and Risks - Japan's bond market is increasingly susceptible to sharp market fluctuations, similar to those experienced in the UK during Liz Truss's brief premiership [4]. - The volatility of Japanese government bonds has more than doubled since 2021, as the Bank of Japan reduces its market participation [8]. - The rising yields and volatility in Japan could disrupt global financial markets, especially if the Bank of Japan delays adjusting interest rates [11]. Group 3: Domestic vs. Foreign Investor Dynamics - Domestic investors still hold the majority of Japanese government bonds, with the Bank of Japan owning over 50% of outstanding debt, providing a stabilizing effect that foreign investors cannot replicate [6]. - Foreign investors tend to have a higher turnover rate and are more opportunistic, which can lead to disproportionate impacts on the market compared to local holders [8]. Group 4: Government Response and Policy Implications - Prime Minister Suga's administration is implementing a significant spending plan, which may influence foreign investor confidence [1]. - The government is aware of the underperformance of Japanese bonds relative to other markets and is in a better position to address these issues compared to previous administrations [8].

登录新浪财经APP 搜索【信披】查看更多考评等级 12月08日，接棒摩尔线程的另一国产GPU"独角兽"的沐曦股份公布新股中签结果，中签号码共有19331 个。被游资爆炒的百亿玄学概念股合富中国发布异动公告，称公司股价累计涨幅已严重偏离基本面。家 电龙头美的集团宣布已完成100亿元股份回购方案，拟注销公司总股本1.24%。 以下是盘后公告精选： 沐曦股份：新股中签结果公布中签号码共有19331个 沐曦股份公告称，发行人和保荐人12月8日上午进行沐曦股份首次公开发行股票网上发行摇号抽签仪 式。凡参与网上发行申购沐曦股份A股股票的投资者持有的申购配号尾数与上述号码相同的，则为中签 号码。中签号码共有19331个，每个中签号码只能认购500股沐曦股份A股股票。 合富中国：公司股价累计涨幅已严重偏离基本面 据合富中国公告，合富医疗科技股份有限公司股票价格于2025年12月4日、12月5日及12月8日连续三个 交易日内日收盘价格涨幅偏离值累计超过20%。公司股价累计涨幅已严重偏离基本面，投资者参与交易 可能面临较大风险。自2025年10月28日至2025年12月8日，公司股票有十六个交易日以涨停价收盘，并6 次触及股价异 ...

男生普通话版 下载mp3 女声普通话版 下载mp3 粤语版 下载mp3 西南方言版 下载mp3 东北话版 下载mp3 上海话版 下载mp3 市场盘点 周一，美联储鹰派降息预期推动美元上涨，美元指数尾盘拉升，最终收涨0.13%，报99.11；基准的10年期美债收益率最终收报4.1670%，对美联储政策利率 敏感的2年期美债收益率收报3.5810%。 受美元指数美盘走强影响，现货黄金一度回落30美元，最终收跌0.15%，报4190.68美元/盎司；现货白银最终收跌0.25%，报58.15美元/盎司。 今日优选 特朗普：本周将发布人工智能的单一规则行政令 俄副总理：自2026年起将限制黄金金条出口 日本本州东部附近海域发生7.5级地震，日本发布海啸预警 柬泰边境连续两日开火，两国相互指责 派拉蒙提出以每股30美元的价格收购华纳兄弟探索 中共中央政治局12月8日召开会议，分析研究2026年经济工作 上期所发布做好贵金属市场风险控制工作的通知 国际要闻 市场关注印度购买俄罗斯原油的情况，成品油大跌拖累国际油价走低，WTI原油最终收跌2.16%，报58.83美元/桶；布伦特原油最终收跌2.18%，报62.45美 元/桶。 ...

美国总统特朗普上周发出了迄今为止最强烈的暗示，表明他已选定美联储主席鲍威尔的继任者。投资者 对此表示担忧。 在对这十几位候选人进行了数月的猜测后，特朗普终于在上周表示，他知道谁将由他提名成为美国经济 中最有权势的人物。仅仅几天后，在一次内阁会议上，特朗普特别点名国家经济委员会（NEC）主任凯 文·哈塞特是"潜在的美联储主席"，并补充道，"我们被允许这么说吗？" 彭博11月25日的一篇报道称哈塞特是执掌美联储的"领跑者"，随后10年期美债收益率上涨了11个基点。 据英国《金融时报》援引知情人士的话称，债券投资者在上个月初告诉财政部，他们担心哈塞特会为了 安抚特朗普而极力推动大幅降低借贷成本。 但美联储利率制定委员会的结构有助于防范政治影响：美联储主席只是12名投票者中的一员，不能单方 面否决多数人的决定。 "会议桌上代表了各种观点和政策方针，然后每个人都有一票，"美联储理事会前顾问Bill English表 示。"设立委员会是有原因的，如果委员会不同意主席的意见，那么主席有可能输掉投票，虽然这种情 况在过去从未发生过。" 据该报道，财政部与"华尔街主要银行高管、资产管理巨头以及美国债务市场其他大玩家"进行的一对 ...

然而，特朗普这种凌驾于州法律之上的做法可能会招致一些共和党州长的谴责，包括佛罗里达州的德桑 蒂斯和阿肯色州的萨拉·赫卡比·桑德斯。任何行政命令都很可能面临法律挑战。 美国总统特朗普表示，他将于本周签署一项行政命令，确立关于人工智能的"单一规则"，旨在限制各州 层面对该技术的监管政策。 "我将在本周发布一项'单一规则'行政命令。你不能指望一家公司每次想做点什么时，都得去拿50个批 准，"特朗普周一在社交媒体上发帖称。 据此前曝光的一份潜在命令草案显示，该命令将允许司法部起诉各州实施的被视为违宪的AI法规，并 威胁对那些法律被认为过于繁琐或限制性太强的州削减资金支持。 即将出台的这项命令标志着特朗普试图在AI政策上打下个人烙印的最新尝试，这项技术正在飞速发 展，并被企业、政府和公众日益广泛地采用。对于那些批评各州各自为政监管方式的AI行业领袖来 说，这将是一场胜利。 由于国会尚未就联邦监管框架达成一致，AI的快速传播促使各州纷纷出台政策，旨在保护本州公民免 受潜在危害。 白宫国家经济委员会主任哈塞特周一在接受采访时表示，他已经看过该命令的草案。 "有些州恨不得把这些公司管死，"哈塞特说。"他承诺出台的这项行政命令 ...

"金价与其他风险资产一同上涨，偏离了作为避险资产的历史模式，"国际清算银行货币与经济部门主管 Hyun Song Shin在巴塞尔告诉记者。"黄金已变得更像是一种投机资产。" 自9月初该机构审查期开始以来，金价已上涨约20%。国际清算银行表示，根据投资组合流动数据，这 一涨幅部分归因于"追逐趋势的投资者"试图利用围绕黄金的"媒体炒作"。 国际清算银行称，金价上涨之际，降息预期助长了冒险行为，并缓解了对经济放缓的担忧。股市延续了 自美国总统特朗普4月宣布关税政策后触及低点以来的反弹势头。科技股，特别是人工智能相关股票推 动了涨幅，但对估值过高的不安情绪也在增加。 据国际清算银行（BIS）称，散户投资者推动了近期金价的飙升，将黄金从传统的避险模式推向了一种 更具投机性的资产。 国际清算银行表示，过去几个季度是至少过去50年来，黄金和股票首次同时进入其所谓的"爆炸性区 域"。 尽管这一涨势也可能是由寻求避险的机构交易员引发的，因他们对股市估值过高的疑虑日益增加，但有 证据表明，散户投资者的跟风放大了这一涨势。这家总部位于巴塞尔的机构在周一发布的市场发展季度 报告中表示，这促使黄金走势偏离了通常的模式。 在多次警告全 ...

Group 1: Monetary Policy Insights - Bank of America suggests that the market may soon start betting on a rate cut by the Federal Reserve in January, despite cautious signals from the Fed [1] - The bank anticipates a 25 basis point rate cut in December, along with stronger guidance and dissenting opinions, projecting stronger growth and lower inflation [1] - Analysts believe that with significant data releases before January, Chairman Powell will find it difficult to suppress market expectations for further easing [1] Group 2: Economic Outlook in Thailand - Barclays economists report that the Bank of Thailand may resist rate hikes in 2026 due to lower-than-potential growth prospects and inflation rates below the 1%-3% target range [2] - The central bank aims to maintain a loose monetary policy and focus on addressing structural economic issues [2] - Even with rising price pressures, the central bank is unlikely to change its policy stance, prioritizing economic growth and financial stability over inflation [2] Group 3: Investment Opportunities in Technology and Commodities - China International Capital Corporation (CICC) sees significant investment opportunities in the technology sector within the machinery industry for 2026, driven by domestic demand recovery and high export growth [3] - CITIC Construction points out that copper, aluminum, and gold have clear long-term investment logic due to global macroeconomic uncertainties and geopolitical risks [4] - The report highlights that copper will benefit from supply tightness and green economy demand, while aluminum is constrained by domestic capacity limits [4] Group 4: Energy Storage and AI Development - CITIC Construction expects the energy storage industry to see a rise in both volume and price by 2026, with manufacturing profitability currently at unsustainable low levels [5] - The ongoing development of AI large models and applications is noted, with a recommendation to continue focusing on the AI computing power sector [6] - The report emphasizes the potential for new application scenarios and business models arising from the construction of space data centers [8] Group 5: Market Predictions for Copper and Panel Industry - CITIC Securities predicts that LME copper prices could accelerate towards $12,000 per ton, driven by narratives of U.S. copper stockpiling and domestic production cuts [8] - The panel industry is expected to see a positive long-term outlook due to improved competition dynamics and a shift from price-driven profit to value creation [9]

Group 1 - The consensus in the market is that the Federal Reserve will implement a 25 basis point rate cut this week, despite potential disagreements among policymakers [1] - Alan Blinder, a former vice-chairman of the Federal Reserve, suggests that the likelihood of a rate cut is greater than not, but warns of possible hawkish signals accompanying the cut [1] - Some Federal Reserve officials express concerns about inflation, indicating that the necessity for a rate cut is not strong, as inflation remains above the 2% target [1][2] Group 2 - The core inflation rate, excluding food and energy, rose by 2.8% in September, a decrease of 0.1 percentage points from August, with officials predicting an end-of-year inflation rate of 3.1% [3] - The non-farm payroll report for September showed a rebound in job growth, adding 119,000 jobs, following a loss of 4,000 jobs in August [3] - The labor market is experiencing a slowdown, with some companies implementing hiring freezes and layoffs, partly due to the impact of artificial intelligence on entry-level positions [3][6] Group 3 - Luke Tilley from Wilmington Trust predicts three additional rate cuts in the upcoming Federal Reserve meetings, citing a weakening labor market [7] - Aditya Bhave from Bank of America anticipates two more rate cuts in June and July of next year, attributing this to leadership changes rather than economic conditions [7] - Amir Bagherpour from Accenture forecasts one to two additional rate cuts next year, assuming core PCE inflation will be between 2.5% and 2.7% and GDP growth will be in the range of 1.5% to 1.8% [7]

Group 1: Coking Coal Market - Coking coal continues to show weakness, reaching a new low in the current phase, with domestic coal production slightly contracting week-on-week [1] - High-frequency data indicates a decrease in mining activity, while import levels remain high, leading to sufficient supply [1] - Demand from coking enterprises is declining, with reduced purchasing enthusiasm and a drop in steel production, resulting in weakened real demand for coking coal [1] Group 2: Polysilicon Market - The photovoltaic market is experiencing an overall decline in demand, leading to increased sales pressure across various segments and early shutdowns for some companies [2] - The polysilicon inventory continues to rise, with a slight increase in warehouse receipts, indicating a supply-demand imbalance [2] - Despite a reduction in production across the supply chain, the weak demand is expected to lead to further inventory accumulation [2] Group 3: Rebar Market - The rebar market is under pressure due to weak demand and reduced production from steel mills, with a slight decline in apparent consumption [3] - Inventory levels are decreasing, but the overall supply-demand situation remains weak, with cost support for steel products lacking [3] - Recent declines in raw material prices have improved profitability for some steel mills, leading to expectations of increased rebar production in the future [3]