诺安基金海外点评：海外主要央行利率走势初现分化，失业率走高提升美联储明年降息预期

Group 1: Global Asset Performance - Global major asset performance this week shows bonds outperforming stocks, REITs, and commodities, with the Bloomberg Global Aggregate Bond Index rising by 0.005% while the MSCI Global Stock Index fell by 0.05% [2] - The MSCI Global Stock Index decline was primarily driven by the Asia-Pacific markets, with developed markets performing better than emerging markets [3] - In the commodities sector, energy prices weakened across the board, while industrial metals and precious metals saw price increases [4] Group 2: Stock Market Insights - The European stock markets outperformed the US and Japan, with the STOXX 600 Index rising by 1.60% and the FTSE 100 Index increasing by 2.57% [3] - Emerging markets faced declines, with the MSCI Emerging Markets Index down by 1.55%, and specific markets like Hong Kong's Hang Seng Index dropping by 1.10% [3] - Financial, materials, healthcare, consumer discretionary, and utilities sectors outperformed the global stock index, while information technology, consumer staples, telecommunications, industrials, and energy sectors lagged [3] Group 3: Commodity Price Movements - Brent crude oil futures fell by 1.06% to $60.47 per barrel, while industrial metals like copper and aluminum saw price increases of 3.18% and 2.67%, respectively [4] - Gold prices rose by 0.91% to $4,338.88 per ounce, with silver prices increasing by 8.39% to $67.16 per ounce, reaching a new historical high [4][11] - The US bond market saw a slight decline in yields, with the 10-year Treasury yield down by 3.7 basis points to 4.148% [4] Group 4: Labor Market and Economic Data - The US labor market data indicated a decrease of 105,000 non-farm jobs in October, with November showing an increase of 64,000 jobs, surpassing expectations [6] - The unemployment rate rose to 4.6% in November, higher than the expected 4.5%, marking a four-year high [6] - The November CPI showed a year-on-year increase of 2.7%, significantly below the expected 3.1%, indicating easing inflationary pressures [6] Group 5: Currency and Exchange Rate Trends - The US Dollar Index increased by 0.20% to 98.599, while the Japanese Yen depreciated by 1.23% against the dollar [5] - The Chinese Yuan appreciated by 0.1246% against the dollar, with the latest midpoint rate at 7.0550 [5] Group 6: REITs and Real Estate Insights - The global REITs index fell by 0.70%, with performance varying across markets, particularly in the UK, Japan, and Singapore [13] - US REITs reported better-than-expected revenue and profit growth for Q3, particularly in the office sector [13] - The current environment of declining interest rates is favorable for both stock and bond attributes of REITs [13]