DLS MARKETS：美国数据成市场焦点，投资者能否找到方向？

Group 1 - European markets are experiencing mixed performance, with major indices either flat or down due to China's announcement of a 43% tariff on EU dairy products [1] - The FTSE 100 index, which is heavily weighted towards energy and mining stocks, failed to rise despite increases in energy and metal prices [1] - The tension between Europe and China is exacerbated as Chinese producers shift exports to markets outside the US, including Europe, intensifying the cost-of-living crisis in Europe [1] Group 2 - European automotive manufacturers, particularly in France and Germany, are lagging in the electric vehicle transition and facing pressure from competitively priced Chinese electric vehicles [3] - The European AI sector is falling behind, lacking major tech platforms and significant innovations, while facing strict regulatory environments and dwindling funding [3] - The imposition of tariffs on Chinese goods by Europe may backfire, as China retaliates, potentially dragging down economic growth in Europe next year [3] Group 3 - The global trade landscape is being affected by trade strategies reminiscent of Trump's policies, with Europe lacking the technological investments that the US has to offset growth weaknesses [4] - European luxury goods, such as watches and cars, heavily depend on consumers from the US and China, and any disruption in these markets could have severe consequences [4] - The defense sector, which has supported stock market gains, may not sustain growth due to fiscal constraints, contrasting with the tech sector's potential [4] Group 4 - The British economy is struggling, with a third-quarter growth rate of only 0.1%, indicating stagnation [4] - The performance of the British pound does not reflect the recent interest rate cuts by the Bank of England or weak economic indicators, largely due to a general weakness in the US dollar [5] - The outlook for the US dollar remains pessimistic, with few bullish predictions, raising questions about whether its weakness is already priced in [6] Group 5 - Attention is focused on upcoming US economic data, including third-quarter GDP revisions and PCE inflation data, which could influence Federal Reserve policy [7] - Stronger economic growth and rising inflation may reactivate hawkish sentiments within the Fed, impacting market expectations for interest rate cuts [7] - The market is currently leaning bullish for the year-end "Santa Rally," with historical average gains of about 1.6% during this period [7]