【UNFX本周总结】政策重启下的再定价：情绪修复但结构性风险依旧

Group 1 - The global financial market shows significant differentiation due to policy changes, data delays, and fluctuations in risk sentiment [1][2] - The end of the U.S. government shutdown provides short-term certainty and prompts the recovery of previously delayed economic data [1][2] - Despite the recovery in market sentiment, the Federal Reserve officials maintain a cautious stance, indicating that inflation has not yet reached a level that would justify interest rate cuts [1][2] Group 2 - The market is currently relying more on expectations for trading due to the delay in key data caused by the shutdown, leading to increased asset volatility [1][2] - Risk appetite in the market has been restored, with some funds flowing back into the stock market and high-beta assets, although the recovery is uneven across sectors [1][2] - The transition from a "defensive" to a "selective offensive" market approach resembles an emotional rebound rather than a trend-based recovery [1][2] Group 3 - The U.S. dollar index stabilizes and rebounds, benefiting from the cooling of rate cut expectations and rising U.S. Treasury yields [3] - Gold is under pressure due to hawkish policy signals and rising yields, yet it remains within a strong support range [3] - Global stock markets continue to experience a volatile rebound, with significant structural differentiation among sectors [3]