一周前瞻：美股三季报拉开序幕 美联储或传递后续政策信号

Market Overview - The US stock market experienced a significant downturn due to escalating trade tensions, with major indices declining collectively. The S&P 500 fell by 2.43%, the Dow Jones by 2.73%, and the Nasdaq by 2.53% during the week [1][3] - The technology sector, represented by the seven major tech stocks, saw a decrease of 2.69%, with notable declines in Tesla (down 3.8%), Apple (down nearly 5%), and Alphabet (down over 3.6%) [1][3] European and Asian Markets - European markets also faced declines, with the STOXX 600 index dropping by 1.10%. The German DAX 30 fell by 0.56%, while the French CAC 40 decreased by 2.02% [1][3] - In contrast, Asian markets showed positive performance, with Japan's Nikkei 225 index rising by 5.07%, reaching a record high, and India's SENSEX 30 increasing by 1.59% [1][3] Currency and Commodity Markets - The US dollar index continued its strong performance, rising by 1.13% and surpassing the 99 mark, while the Japanese yen weakened significantly, dropping by 2.48% [2][3] - Gold prices surged, with spot gold reaching $4017.845 per ounce, marking an increase of approximately 3.4% for the week. Silver also saw a record high, peaking at $51.23 per ounce [2][3] Economic Data and Federal Reserve Outlook - The US government shutdown has delayed the release of key economic data, including the non-farm payrolls and CPI, creating uncertainty regarding the economic outlook and the Federal Reserve's interest rate decisions [4][5] - Despite expectations for two more rate cuts this year, there is internal disagreement among Federal Reserve officials regarding the future path of rate cuts, leading to increased unpredictability in monetary policy [5][6] Upcoming Earnings Reports - The third-quarter earnings season for US banks is set to begin, with major banks like JPMorgan, Goldman Sachs, and Citigroup scheduled to report on October 14. Market expectations indicate a slowdown in earnings growth for S&P 500 companies from 11% in Q2 to 6% in Q3 [6] - The ongoing AI trend is influencing market valuations, with concerns about potential earnings disappointments impacting overall market sentiment [6]