华尔街见闻早餐｜2025年12月17日

Market Overview - The Dow Jones and S&P 500 have declined for three consecutive days, while technology stocks rebounded, supporting a rise in the Nasdaq [1] - U.S. Treasury yields fell, with the 10-year yield dropping over 3 basis points [1] - The offshore RMB reached a 14-month high near 7.03 [1] - Bitcoin increased by 1.8%, touching $88,000 during the day [1] - Gold experienced wide fluctuations, while silver ultimately fell by 0.5% [1] - U.S. oil prices dipped below $55, marking the lowest level since early 2021 [1] Economic Indicators - The Central Financial Office indicated that investment and consumption growth is expected to recover next year, with a focus on controlling new real estate supply and revitalizing existing stock [1] - U.S. employment continues to cool, with November non-farm payrolls slightly rebounding, but the unemployment rate reached a four-year high, leading traders to anticipate two rate cuts next year [1] - The "New Federal Reserve News Agency" stated that non-farm data is unlikely to significantly alter the Fed's judgment on further rate cuts [1] - U.S. retail sales in October remained flat overall, but core indicators exceeded expectations, supporting fourth-quarter growth [1] - The November Markit Composite PMI in the U.S. hit a six-month low, with price indicators rising sharply and employment indicators showing weakness [1] - The Eurozone's December manufacturing PMI accelerated its contraction, with Germany posting its worst performance in ten months, while France unexpectedly returned to expansion [1] Corporate Developments - Tesla's stock reached an all-time high during the day, fueled by optimism surrounding autonomous driving [1] - XPeng Motors obtained an L3 autonomous driving road test license, becoming the third domestic company to do so, intensifying competition with Tesla's Full Self-Driving (FSD) [1] - The EU may abandon the comprehensive ban on fuel vehicles by 2035, reducing emission targets to 90% and allowing sales of plug-in hybrid vehicles [1] - Apple is set to unveil a foldable iPhone next year, with plans to increase its smartphone lineup from five to seven models over the next two years [1] - Vanke proposed a 12-month extension for the principal repayment of its medium-term notes, with the issuer providing corresponding credit enhancement measures [1] - Today, Muxi Co., a domestic GPU company, is set to be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board [1]