Di Yi Cai Jing·2025-12-07 03:05Group 1: Market Overview - The market is experiencing support for risk assets due to rising expectations of interest rate cuts by the Federal Reserve, with major U.S. stock indices showing slight increases: Dow Jones up 0.50%, Nasdaq up 0.91%, and S&P 500 up 0.31% [1] - European stock indices showed mixed results, with the UK FTSE 100 down 0.55%, while Germany's DAX 30 rose by 0.80% [1] Group 2: Federal Reserve Decisions - The Federal Reserve is expected to implement a third consecutive 25 basis point rate cut, with market concerns about inflation persisting despite weak labor market data [2] - Investors are closely monitoring the Fed's dot plot and Chairman Powell's statements to gauge future rate cut trajectories, with the market pricing in 2-3 more cuts by 2026 [2] Group 3: Economic Data Releases - Upcoming economic data releases will provide insights into the U.S. labor market, including unit labor costs and job vacancy data on October 9, employment cost index on October 10, and initial jobless claims on October 11 [2] Group 4: Treasury Auctions - The U.S. Treasury will auction $58 billion in 3-year notes, $39 billion in 10-year notes, and $22 billion in 30-year notes, testing investor demand for long-term bonds amid liquidity concerns [3] Group 5: Central Bank Policies - The Reserve Bank of Australia is unlikely to signal a dovish stance due to high inflation, with the October CPI rising to 3.8% [4] - The Bank of Canada is expected to maintain rates amid economic challenges related to tariff negotiations with the U.S. [4] - The Swiss National Bank faces pressure to adopt a dovish policy due to weak GDP performance and negative PPI growth, despite some positive PMI and retail sales data [5][6] Group 6: Commodity Prices - International oil prices have stabilized, with WTI crude up 2.61% to $60.08 per barrel and Brent crude up 2.20% to $63.75 per barrel, amid geopolitical concerns [6] - Gold prices are fluctuating, with COMEX gold futures down 0.13% to $4,212.90 per ounce, as market focus remains on the Fed's monetary policy outlook [6][7] Group 7: Corporate Earnings - Key corporate earnings reports from Oracle, Adobe, Broadcom, and Costco are anticipated, with concerns over excessive investment in AI and rising corporate debt impacting market sentiment [3]