华尔街见闻早餐FM-Radio | 2025年11月29日

Market Overview - US stock market experienced a rally ahead of Thanksgiving, with the S&P 500 recording its best Thanksgiving week performance since 2008, closing up 0.54% at 6849.09 points [4] - Major tech stocks like Nvidia and Oracle saw declines, while Intel surged over 10% [2] - US Treasury yields rebounded, with the 10-year yield rising to over 4% [2] - Gold prices increased by 1.5%, reaching $4200, marking a two-week high, while silver prices surged to a historical high [2] Key Company News - Meituan reported its first loss in three years, with a core local business loss of 14.1 billion yuan in Q3, and expects continued losses in Q4 [5] - Oracle and others borrowed $38 billion, contributing to a total debt of nearly $100 billion in the "OpenAI chain" data center ecosystem [8] - Intel is poised to regain a major client, with expectations to deliver Apple’s M-series chips by 2027, leading to a 10% stock increase [8] Commodity Market Insights - Silver futures reached a new high at $53.93 per ounce, driven by tight supply and expectations of Fed rate cuts, while domestic silver inventories hit a seven-year low [6] - Copper supply is at an all-time tight level, with record premiums being charged, as the US is expected to hold 90% of global copper inventories by Q1 next year [7] Domestic Developments - The China Securities Regulatory Commission is seeking public opinion on a pilot program for commercial real estate investment trusts (REITs) [10] - Shanghai Guomao Holdings was established to enhance the international competitiveness of commodity trading [10] - Foreign investment banks remain bullish on the Chinese stock market, with Morgan Stanley setting a target of 5200 points for the CSI 300 index by 2026 [10]