宏观经济高频数据周报：政策协同发力，地产环比向好

Policy and Economic Outlook - The Chinese government is increasing fiscal and monetary policy counter-cyclical adjustments to support economic growth[1] - The People's Bank of China (PBOC) is expected to lower the reserve requirement ratio by 0.5 percentage points, injecting approximately CNY 1 trillion into the financial market[12] - The Swiss National Bank has cut interest rates by 25 basis points to 1%, marking the third rate cut this year[1] Market Performance - A-shares and Hong Kong stocks rebounded strongly, returning to above 3000 points due to positive policy signals[1] - The Baltic Dry Index (BDI) continued to rise, indicating improved shipping demand, with a week-on-week increase of 6.73%[8] Commodity and Real Estate Trends - Brent crude oil prices fell to USD 71.98 per barrel, down 3.37% week-on-week and 24.48% year-on-year[8] - The transaction area of commercial housing in 30 major cities surged by 77.60% week-on-week, although it remains down 23.87% year-on-year[8] - The average price of rebar increased to CNY 3,552 per ton, reflecting a 4.56% week-on-week rise[18] Inflation and Currency - The onshore and offshore RMB exchange rates against the USD were recorded at 7.01 and 6.98, respectively, indicating a slight depreciation[1] - The average wholesale price of pork decreased to CNY 26.13 per kilogram, down 1.99% week-on-week[8] Upcoming Economic Indicators - Key indicators to watch this week include China's September manufacturing PMI and the U.S. September unemployment rate and non-farm payroll data[1]