深夜，美股、欧股集体大跌！美联储大消息，降息生变！预期提振，美豆涨势猛烈

Market Overview - US stock markets experienced a significant decline, with the Dow Jones Industrial Average falling by 0.84%, the S&P 500 dropping by 1.12%, and the Nasdaq Composite decreasing by 1.90% [1][2] - European markets also faced downturns, with the FTSE 100 down by 0.42%, the DAX 30 down by 1.19%, and the CAC 40 down by 1.38% [2] Economic Indicators - Concerns over the job market intensified, with US companies laying off a total of 153,074 workers in October, a 183% increase from September and nearly three times the number from the same month last year, marking the highest October layoffs since 2022 [3] - The US non-farm employment decreased by 9,100 in October, following a previous increase of 33,000 [3] Federal Reserve Policy - The Federal Reserve's officials expressed mixed signals regarding future interest rate cuts, contributing to market volatility [3] - The probability of a 25 basis point rate cut in December is estimated at 70.6%, while the likelihood of maintaining the current rate is 29.4% [4] Commodity Market - Domestic and international soybean prices have seen significant increases since October 15, driven by expectations of Chinese trade purchases [5] - The price of US soybeans reached a 15-month high, surpassing 1,100 cents per bushel, with a notable increase in procurement rates for December shipments [5] - However, the current pricing dynamics suggest that US soybeans may lack competitiveness compared to Brazilian soybeans due to higher import costs [6] Future Outlook - Analysts predict that US soybean prices will remain strong, with attention on the USDA's November supply and demand report expected to lower projections for soybean yield, total exports, and final inventory [6] - The domestic soybean meal market faces dual pressures from high crushing volumes and overseas procurement hedging [6] - The outlook for soybean oil is less affected by US-China trade policies, primarily following the trends of the oilseed sector, with limited downside potential due to current low prices [7]