Market Performance - US stock indices opened lower but recovered, with the S&P 500 and Dow Jones only 1% away from their historical highs [1] - Major indices performance on Wednesday showed mixed results, with the Shanghai Composite down by 0.51%, the Shenzhen Component down by 0.78%, and the Hang Seng Index down by 1.28% [2] Economic Insights - Michael Feroli, Chief Economist at JPMorgan, highlighted that the weakening labor market is a significant risk as the demand for labor continues to decline, despite a known slowdown in labor supply [2] - Concerns over net job growth are increasing due to rising layoff activity indicators [2] Commodity Market - The decline of the US dollar index led to a surge in the non-ferrous metals sector, with copper reaching a historical high and tin hitting its highest level since 2022 [2] - The dollar index fell below the 50-day moving average, with the USD/CNY exchange rate dropping below 7.06 for the first time since October of the previous year [3] Corporate Developments - Micron Technology announced its exit from the Crucial consumer business to focus on supplying chips to strategic clients in AI data centers [8] - Glencore aims to double its copper production over the next decade, targeting an annual output of 1.6 million tons, despite lowering its 2026 copper production forecast by 10% due to an incident at the Collahuasi mine in Chile [9] - Beast Industries, the company behind "MrBeast," is considering an IPO, allowing its 1.4 billion unique viewers from the past 90 days the opportunity to become owners [10]
美元指数跌破50日均线 伦铜再创历史新高｜环球市场
Sou Hu Cai Jing·2025-12-04 03:17