宏观周报：美元指数持续走高，国内工业企业利润疲软

Overseas Macro - In October, the US manufacturing PMI was reported at 47.8, slightly above the expected 47.5, continuing to remain below the neutral level of 50 for four consecutive months[2] - The US services PMI for October was recorded at 55.3, exceeding the expected 55.0, marking the 23rd consecutive month of expansion[2] - The US unemployment claims fell to 227,000, indicating resilience in the US economy[1] Domestic Macro - In September, industrial profits in China continued to decline, with a total profit of 52,281.6 billion yuan, down 3.5% year-on-year[4] - The profit growth rate for industrial enterprises in September was -27.1%, a significant drop from the previous -17.8%[5] - The revenue for industrial enterprises in the first nine months of 2024 was 99.2 trillion yuan, reflecting a year-on-year growth of 2.1%[4] Market Performance - The US dollar index rose to 104.3, reflecting a 0.83% increase week-on-week and a 3.53% increase month-to-date[14] - The 10-year US Treasury yield surpassed 4.2%, indicating a 17 basis points increase week-on-week[10] - The Shanghai Composite Index closed at 3,299.70, with a year-to-date increase of 10.92%[9]