每日机构分析：10月13日

Group 1 - The European Central Bank (ECB) is unlikely to initiate interest rate cuts in the coming months despite weak economic growth in the Eurozone, with a projected GDP growth of approximately 0.1% in Q3, slightly better than the ECB's expectation of "zero growth" [1] - The outcome of the Japanese House of Representatives election will be a key driver of yen volatility, with potential implications for the stock market and long-term government bonds if the ruling Liberal Democratic Party governs alone [2] - The diversification of trade partners is weakening the demand for the US dollar, with "de-dollarization" potentially undermining its status as the world's primary reserve currency [1] Group 2 - Political instability in Japan is dampening safe-haven demand for the yen, as the coalition partner, Komeito, has withdrawn support for the ruling Liberal Democratic Party, creating uncertainty around Prime Minister Kishi's future [2] - US households are expected to become the largest source of demand for US stocks by 2026, with net purchases projected to reach $520 billion, supported by accelerating economic growth and declining unemployment [2] - France is facing significant fiscal pressure, with political divisions hindering necessary fiscal reforms, and the fiscal deficit is expected to narrow to 5.4% of GDP by 2025, although future risks of expansion remain [3]