Group 1 - The U.S. labor market may have passed its worst phase, with the upcoming December non-farm payroll report seen as a key indicator to validate this trend [1][2] - The market for short positions on the U.S. dollar is becoming crowded, and a seasonal rebound in the first quarter could lead to a technical recovery for the dollar, particularly against currencies like the euro and Australian dollar that are heavily shorted [1] - Germany is facing a structural economic dilemma, with a report indicating that corporate bankruptcies are expected to reach 17,604 in 2025, the highest level since 2005, impacting approximately 170,000 jobs [2] Group 2 - The volatility of U.S. Treasury bonds has dropped to a four-year low, suggesting that the market may have returned to a more stable state following significant disruptions caused by high inflation and aggressive rate hikes [3] - Geopolitical uncertainties in Greenland are increasing the term premium on Eurozone long-term bonds, as investors anticipate higher defense spending in Europe [3] - Germany's industrial output showed a temporary rebound in November due to a recovery in automobile production, but overall, the economy remains stagnant with a 2.5% decline in exports [3]
每日机构分析：1月9日
Xin Hua Cai Jing·2026-01-09 12:33