美股盘前纳指期货上涨1.1%，热门中概股普跌，现货黄金小幅上涨

Core Viewpoint - The Federal Reserve's recent interest rate cut, while expected, has led to cautious signals that dampen market optimism for continued easing in the future [5][6]. Market Reactions - The Nasdaq 100 futures rose by 1.1%, reaching an intraday high, while popular Chinese stocks in the U.S. market experienced declines, with JD.com, Pinduoduo, Li Auto, Baidu, and Alibaba down by 1%, Xpeng down by 2%, and Bilibili and NIO down by 3% [2][5]. - European stocks saw gains, with the German DAX index increasing by 1%, the UK FTSE 100 opening up by 0.21%, the French CAC40 rising by 0.41%, and the Euro Stoxx 50 up by 0.64% [5]. Federal Reserve's Policy Signals - The Fed's decision to cut rates by 25 basis points signals a response to a weakening labor market and persistent inflation, indicating a gradual approach rather than a shift to aggressive easing [6]. - The dot plot from Fed officials suggests two more rate cuts this year, but only one by 2026, contrasting with traders' expectations of two to three cuts next year [5]. Economic Indicators - The yield on the 10-year U.S. Treasury bond fell by 2 basis points to 4.057% [5]. - The U.S. dollar index decreased by 0.05% to 96.98, while spot gold rose by 0.15% to 3665.13 [7].