1、10月7日纽约期金历史首次站上4000美元/盎司大关，伦敦现货黄金价格也一度涨破3990美元/盎司。 美国财政赤字扩大、地缘冲突加剧、央行持续买 金，叠加美联储降息预期催化，推动了金价这一轮历史级的上涨。黄金牛市"吹号手"高盛持续唱多，将2026年12月黄金价格预测上调至每盎司4900美元 （此前预测为4300美元）。 2 、 瑞典皇家科学院决定将 2025 年诺贝尔物理学奖授予科学家约翰 · 克拉克、麦克 ·H· 德沃雷特、约翰 ·M· 马蒂尼，以表彰他们 " 发现电路中的宏观量子 力学隧道效应和能量量子化 " 。 获奖者将平分 1100 万瑞典克朗（约合 836 万元人民币）奖金。 1 、乘联分会秘书长崔东树发文表示，汽车经销商的销售毛利偏低，市场竞争压力偏大，二手车盈利尚未有效提升，生存状态有较大的改善空间。 期待相 关部门尽快行动起来，研究出台汽车经销领域阶段性金融纾困政策措施。 2 、 9 月底至 10 月初，武汉、重庆、合肥等多地接连出台楼市新政，从供需两端发力，针对性解决市场痛点，为房地产市场注入新活力。 2025 年前三季 度全国有约 200 个省市（县）出台政策超 470 条，三季度出台 ...

周二，美国股市承压下行，主要股指结束了连续多日的上涨行情。科技股巨头甲骨文因人工智能业务利润率不及预期而领跌，同时投资者对已进入第二周 的美国政府停摆事态的发展保持高度关注。多重不确定性交织，令市场情绪转向谨慎。 标普500指数下跌0.38%，报收6,714.59点，终结了此前连续七个交易日的上涨势头。以科技股为主的纳斯达克综合指数表现更为逊色，下跌0.67%，收于 22,788.36点。道琼斯工业平均指数下跌91.99点，跌幅0.2%，报46,602.98点。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 46602.98 | 22788.36 | 6714.59 | | -91.99 -0.20% -153.31 -0.67% -25.69 -0.38% | | | | 中国金龙 | 纳指100期货 | 标普500期货 | | 8640.94 | 25054.75 | 6765.00 | | -197.56 -2.24% -130.00 -0.52% -23.75 -0.35% | | | | 美国国债 | | | | 3个目期 | 10年期 | 2年期 | | ...

金价持续攀升，COMEX黄金一度突破每盎司4000美元的历史关口，市场气氛可谓"多头狂热"。 此外，伦敦现货黄金也上涨0.35%至3974美元/盎司，再度创出历史新高。 此外，美元也受到冲击。政府停摆削弱了投资者对美国财政稳健性的信心，美元指数短线承压。与此相对， 黄金在全球主要货币中表现突 出，不仅在美元计价下走强，在欧元、日元和英镑计价下同样创下阶段性高点。 这种跨币种强势反映出黄金的全球避险地位进一步巩固。 第二个推动因素来自美联储政策转向。尽管2025年上半年美联储仍保持"鹰派"立场，但到了秋季，局势发生了显著变化。9月，美联储正式 宣布降息，这标志着长达两年的紧缩周期告一段落。市场普遍预计，10月将迎来年内第二次降息。根据CME FedWatch工具的最新数据显 示，投资者认为10月再次降息的概率已超过80%。 利率预期的变化对黄金构成强劲推动。长期以来，黄金价格与利率水平呈负相关关系。随着实际利率下降，持有黄金的机会成本降低，资金 自然流向贵金属市场。特别是在通胀仍高企、经济数据缺失的背景下，投资者对美联储维持宽松政策的信心进一步增强。 值得注意的是，由于政府停摆，美国劳工部与商务部多项关键经济数 ...

受大型并购消息与人工智能产业合作推动，美国股市在周一迎来新一轮上涨潮。 标普500指数与纳斯达克综合指数双双收于历史高位，市场情绪高涨，投资者在 美国政府停摆阴影下依然选择押注未来增长。 标普500指数上涨0.36%，收于6,740.28点；科技权重更高的纳斯达克指数上涨 0.71%，报22,941.67点，均创下历史新高。与之形成对比的是，道琼斯工业平 均指数小幅下跌63.31点，跌幅0.14%，收于46,694.97点，主要受到家居建材巨 头宣伟（Sherwin-Williams）与家得宝（Home Depot）股价下跌拖累。小盘股 指数罗素2000则表现强劲，首次突破2,500点关口，收高0.4%至2,486.36点， 同样创下纪录。 | 美股指数 L | | | | --- | --- | --- | | 道琼斯 | 纳斯达克 | 标 | | 46694.97 | 22941.67 | 67 | | -63.31 -0.14% +161.16 +0.71% | | +24.49 | | 中国金龙 | 纳指100期货 | 标普 | | 8838.50 | 25184.00 | 67 | | +87.68 ...

2 、 目前黄淮地区秋粮已进入成熟收获期，产量已经形成，但近期持续阴雨影响秋收进度，不利于秋冬种开展。 农业农村部要求各级农业农村部门优化 调度服务、保障机具物资，组织人员力量抢排积水、抢收抢烘，启动防灾救灾农机储备和调用制度。目前农业农村部已派出 4 个工作组，赴黄淮地区重点 县调研了解秋收进度和秋冬种形势，协调帮助解决抢收困难。 3 、 香港特区政府 6 日正式启动 " 内地企业出海专班 " ，标志香港在支持内地企业 " 走出去 " 、拓展国际市场方面迈出新一步。 香港财政司司长陈茂波 表示，内地企业出海发展是大势所趋，特区政府将推出不同的政策措施，协助内地企业拓展海外市场。 1 、 A 股企业赴港上市热潮持续。 9 月以来，已有 25 家 A 股上市公司先后公告筹划赴港上市。 Wind 数据显示，截至 10 月 2 日，还有 76 家 A 股上市公 司已向港交所递表，排队等待聆讯。今年以来，已经有 11 家 A 股企业实现 "A+H" 两地上市，募集资金合计 916.89 亿港元，合计占今年港股 IPO 总融资 额的五成以上。 2 、 针对市场关于春秋航空拟赴港上市的传闻，春秋航空相关负责人表示，公司目 ...

Wind香港有色金属指数亦延续此前涨势，盘中一度突破89000点，最高涨至89287.71点。截至发稿，Wind香港有色金属指数报88092.66点，日内 涨幅为2.32%，年内累计涨幅已超170%。 其中，中国白银集团强势20CM涨停，港银控股、中国大冶有色金属、新疆新鑫矿业涨幅均超10%。 10月6日，国际金价再创历史新高，伦敦现货黄金突破3900 美元/盎司 关口，年内累计涨幅近50%。金价的持续走高，主要源于地缘政治问 题发酵的影响，而美国政府部分停摆等因素无疑成为新的催化剂。花旗和高盛等大行纷纷预测，黄金将涨至每盎司4000美元甚至更高。 // 国际金价再创新高 // 10月6日，国际金价持续上行，再创历史新高。据Wind数据显示，截至发稿，COMEX黄金盘中最高涨至3956.8美元/盎司；伦敦 现货黄金 最高涨 至3931.08美元/盎司，突破3900美元关口。 COMEX黄金 < C GC.CMX 3908.9 5.85万 总手 昨结 3955 3913.5 现手 1 +46.7 +1.19% 开盘 3956.8 2.47万 最高价 持 0 外 仓 载 3.38万 最低价 3909.2 -39. ...

Group 1 - The total cross-regional population flow in China during the National Day and Mid-Autumn Festival holiday is expected to reach 299 million people, a year-on-year increase of 6.3% [3] - On October 4, the total cross-regional population flow was 30.129 million people, with a year-on-year increase of 6.1% [3] - The cumulative cross-regional population flow in the first half of the holiday reached approximately 1.243 billion people, with an average daily flow exceeding 310 million, indicating strong travel vitality [3] Group 2 - The Ministry of Foreign Affairs announced that Foreign Minister Wang Yi will visit Italy and Switzerland from October 7 to 12, 2023, to hold the 12th Joint Meeting of the China-Italy Government Committee and the fourth round of strategic dialogue with Switzerland [4] - The National Disaster Reduction Committee has initiated a Level 4 emergency response to address the severe impact of Typhoon "Maidum" on Guangdong and Hainan, allocating 200 million yuan for disaster recovery efforts [4][5] - The Ministry of Agriculture and Rural Affairs emphasized the importance of ensuring the timely harvest of autumn grain and the planting of winter wheat, as recent continuous rain has affected the harvest progress [5] Group 3 - Multiple domestic and foreign institutions remain optimistic about the Chinese stock market, with some suggesting that Hong Kong stocks may offer better investment opportunities compared to A-shares [6] - Private equity firms have expressed positive signals regarding the A-share market post-National Day, citing ample liquidity as a support for market continuation [6] - The trend of economic recovery is gradually unfolding, leading to increased confidence in future market performance [6] Group 4 - Shanghai received 15.1175 million tourists in the first four days of the National Day holiday, a year-on-year increase of 23.74%, with an average hotel occupancy rate of 64.7%, up 2 percentage points [7] - Airlines have optimized pricing strategies, leading to fewer instances of last-minute ticket price drops during the National Day holiday compared to previous peak travel seasons [7] - Hainan announced the suspension of the automobile replacement subsidy policy starting October 6, while other product subsidies will continue as per existing policies [7] Group 5 - China's dairy production capacity has significantly improved during the 14th Five-Year Plan period, with milk production expected to reach 40.79 million tons in 2024, an increase of 18.6% from 2020 [8] - The scale of dairy farming in China has increased, with the scale farming rate reaching 78% in 2024, up 6 percentage points from 2020 [8] - NVIDIA and Fujitsu have reached an agreement to jointly develop integrated AI infrastructure, focusing on industry-specific AI platforms for healthcare, manufacturing, and robotics [8] Group 6 - The latest LMArena ranking shows that the "Hunyuan Image 3.0" model ranks first among 26 models in user blind tests, recognized as the best comprehensive text-to-image model [9] - Xiaomi announced the official sale of the Xiaomi 17 series, which has seen a significant increase in sales compared to previous models, with total sales surpassing one million units shortly after launch [9] - CATL's second-phase project in Luoyang has commenced production, which will increase annual capacity by 30 GWh, following the first phase's production launch in November 2024 [9] Group 7 - Tesla's CEO Elon Musk released a video of the "Optimus" humanoid robot learning martial arts, indicating the company's efforts to scale up production of this product, which is expected to become a key offering [10] - Hon Hai (Foxconn) reported a record revenue of 837.1 billion New Taiwan dollars in September, marking a 38.01% month-on-month increase and a 14.19% year-on-year increase [10] - OpenAI is expected to launch new consumer-grade AI products during its developer day event on October 6, marking a significant shift towards a diversified product portfolio [10]

Market News - The People's Bank of China will conduct a 1.1 trillion yuan reverse repurchase operation on October 9, 2025, with a term of 3 months [2] - Qualified foreign institutional investors can participate in ETF options trading on the Shanghai and Shenzhen stock exchanges, limited to hedging purposes [3] - The Federal Reserve will release the minutes of its monetary policy meeting on October 9, which will provide insights into future interest rate adjustments [4] Economic Data - Key economic data releases this week include the Eurozone Sentix Investor Confidence Index on October 6, German industrial orders on October 7, and U.S. initial jobless claims on October 9 [5] Sector Updates - OpenAI's annual developer conference on October 6 will focus on AI technology applications in hardware, potentially boosting the consumer electronics supply chain [7] - Elon Musk's Tesla is making progress with its humanoid robot project, showcasing the "Optimus" robot's ability to learn martial arts [8][9] - The World Free Trade Zone Organization Conference will be held in Hainan from October 10-12, discussing policy advantages post-closure and promoting trade facilitation [10] Company News - Xiaomi announced the launch of its Xiaomi 17 series, which has seen significant sales growth, surpassing 20% compared to previous models [12] - Hon Hai Precision Industry reported a September sales figure of 837.07 billion New Taiwan dollars, a year-on-year increase of 14.19% [12] Lock-up Expiration - A total of 20 companies will have lock-up shares released this week, amounting to 1.187 billion shares with a total market value of approximately 44.685 billion yuan [14] - The peak lock-up expiration date is October 9, with 15 companies releasing shares worth a total of 35.008 billion yuan, accounting for 78.34% of the week's total [14] Market Outlook - Zhejiang Securities indicates that the economic growth momentum may have peaked, with a projected GDP growth rate of around 4.8% for Q3 [18] - Galaxy Securities anticipates that October will be a key policy layout window, with opportunities in the technology growth sector and potential benefits from a relatively loose liquidity environment [19]

Group 1: Market Overview - Major global assets have mostly risen, with the South Korean Composite Index leading with a 3.64% increase as of October 3 [2] - Key commodities also saw gains, with LME copper rising by 4.20% [2] Group 2: Significant Events - OpenAI's new AI video generation app, Sora, reached the top of the Apple App Store's free app chart within four days of its launch [4] - Major chip manufacturers, including Samsung and SanDisk, have raised product prices due to a sustained increase in storage chip prices over the past six months, with Micron's stock rising approximately 60% in the last month [5][6] - Berkshire Hathaway announced a $9.7 billion cash acquisition of Occidental Petroleum's chemical business, marking a significant investment in the chemical sector [8] - A $1 billion investment fund is being established by Brazil's National Bank for Economic and Social Development and the Export-Import Bank of China, targeting sectors like energy transition and artificial intelligence [9] - The Chinese National Bureau of Statistics reported that the box office for the National Day holiday exceeded 1 billion yuan, with top films including "The Volunteer Army: Blood and Peace" [10] Group 3: Economic Indicators - The U.S. non-farm payroll report for September was delayed due to a government shutdown, impacting economic data availability [11] - OPEC+ is expected to approve an increase in oil production by at least 137,000 barrels per day in their upcoming meeting [12] - As of October 4, market expectations indicate a 94.6% probability of a 25 basis point rate cut by the Federal Reserve in October [14]

Group 1 - The total cross-regional population flow in China during the National Day and Mid-Autumn Festival holiday is expected to reach 306.66 million, a year-on-year increase of 8.0% [2] - The sales revenue of key retail and catering enterprises in China increased by 3.3% year-on-year during the first four days of the holiday [2] Group 2 - The Hang Seng Technology Index rose by 13.9% in September, outperforming other major global indices [4] - Nearly 3,000 A-share listed companies were investigated by institutions in the third quarter, with over 400 institutions researching the leading company in the robotics sector, Huichuan Technology [4] - The domestic ETF market in China has reached a total scale of approximately 5.5 trillion yuan, surpassing Japan and becoming the largest ETF market in Asia [4] Group 3 - The total box office for the National Day holiday has exceeded 1.1 billion yuan, with several films backed by A-share listed companies [5] - The Chinese Geographic Information Industry Association predicts that the total output value of the national geographic information industry will reach nearly 1 trillion yuan by 2025, growing nearly 30% from the end of the 13th Five-Year Plan [5] Group 4 - Global memory chip prices have been rising, with major manufacturers like Samsung and SanDisk notifying customers of price adjustments [6] - Morgan Stanley predicts a "super cycle" for the memory chip industry driven by the AI boom [6] Group 5 - SHEIN plans to open its first physical store in France in November, marking its entry into the offline retail space [10] Group 6 - The Japanese ruling party's election resulted in the election of the first female president, who plans to address inflation and tax policies [11] - The U.S. government shutdown is expected to last at least 10 days, affecting economic data reporting [12] - The German economy ministry has revised its growth forecast for this year from 0% to 0.2% [12]