美ADP就业数据超预期；美最高法院内质疑特朗普关税政策

Market Overview - US stock markets rebounded on Wednesday, with all three major indices rising due to alleviated concerns over high valuations in tech stocks and optimistic earnings boosting investor risk appetite [1] - US Treasury yields increased, with the Treasury Department indicating potential growth in long-term debt issuance in the future [1] - The dollar maintained a five-month high against a basket of currencies, as economic data eased concerns about the US economy and labor market, prompting investors to weigh the possibility of another rate cut this year [1] Economic Data - ADP reported that US private sector employment in October reversed the decline seen in the previous two months, with job additions exceeding economists' expectations [3] - ISM data indicated that the US services sector expanded at its fastest pace in eight months, with the orders index reaching a one-year high [3] Treasury and Fiscal Policy - The US Treasury announced a total of $125 billion in upcoming auctions for 3-year, 10-year, and 30-year Treasury bonds, stating that it will maintain the current issuance levels for the next few quarters [4] - Economic losses from the US government shutdown are estimated at approximately $15 billion per week, with potential reductions in economic growth of up to 2 percentage points in Q4 [4] Corporate Developments - Apple plans to significantly upgrade Siri by integrating Google's AI models, with an annual payment of approximately $1 billion to Google [4] - Bank of America expects to increase profits while controlling expenses, projecting at least a 12% annual growth in earnings per share over the next few years [4] Commodity and Currency Markets - Oil prices fell over 1%, reaching a two-week low due to concerns about a potential global oversupply, although strong US fuel demand limited the decline [1][5] - Gold prices rose by more than 1% as investors sought safe-haven assets amid economic uncertainties [1][5]