Core Viewpoint - Weak U.S. employment data strengthens market expectations for Federal Reserve interest rate cuts, alongside optimism from the Senate passing a temporary funding bill, leading to a rally in risk assets [1] Market Performance - U.S. stock index futures rose collectively, with Nasdaq futures up 0.5%, while Asian markets showed mixed results, with the Nikkei 225 index rising 0.4% and the KOSPI gaining over 1% [3][5] - The 10-year U.S. Treasury yield fell by 3 basis points to 4.08%, and the dollar index slightly increased by 0.03% to 99.48 [5] - Commodity prices showed divergence, with spot silver rising by 1% to $51 per ounce, while spot gold fell by 0.2% to $4,118 per ounce, and WTI crude oil dropped nearly 0.4% to $60.75 per barrel [5][10][8] Employment Data - According to ADP Research, U.S. companies averaged weekly layoffs of 11,250 in the four weeks ending October 25, raising concerns about the labor market [2] - Challenger's report indicated that announced layoffs in October reached a 20-year high, suggesting a potential structural weakening in the U.S. labor market [2]
降息预期与政府重开乐观情绪助推风险资产，纳指期货涨0.5%，美债上扬，黄金回落
Hua Er Jie Jian Wen·2025-11-12 08:24