Jin Shi Shu Ju·2025-09-19 13:41Market Overview - The US dollar index experienced a decline followed by a rebound this week, initially dropping due to expectations of a Federal Reserve rate cut, reaching a ten-week low before recovering after a 25 basis point cut was announced [1] - Spot gold prices fluctuated significantly, hitting a historical high of $3707 before retreating due to the dollar's rebound [1] - Non-US currencies such as the euro and pound also showed volatility, with the euro reaching a four-year high against the dollar [1] Oil Market - International oil prices rose initially due to geopolitical risks but turned to decline mid-week as US inventory reports indicated oversupply and weak demand [2] Stock Market - US stock markets maintained strength, with major indices hitting historical highs, driven by strong performances in tech stocks like Intel and Google [2] - Nvidia's $5 billion investment in Intel led to significant stock price increases for both companies and contributed to the overall market rally [2][25] Federal Reserve Insights - The Federal Reserve's recent rate cut is seen as a risk management strategy, with indications of potential further cuts later in the year [6] - Disagreements within the FOMC regarding the extent of future rate cuts were noted, with some members advocating for more aggressive cuts [6] Investment Bank Perspectives - Fitch Ratings believes the Fed will tolerate higher inflation in the short term to support employment [5] - Goldman Sachs maintains an overweight position on A-shares and H-shares, indicating a stable "slow bull" market for A-shares [5] Trade Relations - The US and India have resumed trade negotiations after a period of tension due to tariffs, with both sides expressing optimism about reaching a mutually beneficial agreement [14][15] Corporate Developments - Nvidia's investment in Intel aims to leverage both companies' strengths in chip development for PCs and data centers, marking a significant collaboration in the tech industry [25] - Xiaomi announced a recall of over 116,000 SU7 electric vehicles due to safety concerns with the L2 driving assistance feature, indicating ongoing challenges in the automotive sector [26]