Di Yi Cai Jing·2025-10-12 03:13Economic Outlook - The IMF updated its global economic outlook, coinciding with the release of the Federal Reserve's Beige Book, amidst concerns over tariffs and a significant drop in stock markets [1] - The Dow Jones fell by 2.73%, the Nasdaq by 2.53%, and the S&P 500 by 2.43% over the week, while European indices also showed declines [1] Market Focus - The market is closely monitoring the potential U.S. government shutdown and its implications for economic data releases, as well as signals from the Federal Reserve regarding possible interest rate cuts [1][2] - Key economic data releases, including the September Consumer Price Index (CPI) and retail sales, are delayed due to the government shutdown [2] Earnings Season - The upcoming earnings season will feature major companies such as JPMorgan Chase, Johnson & Johnson, Wells Fargo, Goldman Sachs, and Citigroup, among others, reporting their latest performance [3] Oil and Gold Markets - International oil prices weakened, with WTI crude oil dropping by 3.25% to $58.90 per barrel and Brent crude by 2.79% to $62.73 per barrel, amid fears of renewed trade tensions affecting oil demand [4] - Gold prices rose for the eighth consecutive week, with COMEX gold futures increasing by 2.45% to $3975.90 per ounce, driven by geopolitical risks and expectations of Federal Reserve rate cuts [4][5] Geopolitical Risks - The political situation in France remains a concern, with President Macron reappointing Le Maire as Prime Minister amid budget negotiation deadlocks [5] - Economic data from the Eurozone, including Germany's ZEW Economic Sentiment Index, is anticipated to show weakness, raising questions about the current economic outlook [5] UK Economic Indicators - The UK monetary market indicates a low probability of further rate cuts by the Bank of England before the end of the year, although weak economic data could change this outlook [6]