海外市场周观察：美国经济降温下的市场博弈

Group 1 - The report highlights that multiple economic indicators in the US fell short of expectations, indicating a cooling economy, while the Federal Reserve's January meeting minutes leaned hawkish, suggesting a cautious approach towards interest rate cuts due to rising inflation concerns [2][11]. - The US stock market indices experienced a decline of over 1.5%, influenced by fluctuating inflation data and uncertainties surrounding Trump's tariff policies. In contrast, Alibaba's third-quarter revenue grew by 8%, with AI-related product revenue increasing for six consecutive quarters [2][11]. - Key economic data includes the February S&P Global Services PMI at 49.7, initial jobless claims rising to 219,000, and the Philadelphia Fed Manufacturing Index dropping to 18.1, indicating mixed signals in the labor and manufacturing sectors [3][12][13]. Group 2 - Global major asset classes showed mixed performance, with the Hang Seng Index rising by 3.79%, while the Nasdaq Composite and Dow Jones Industrial Average both fell by 2.51% [4][37]. - In the equity market, the healthcare sector in the US saw the highest gain at 1.19%, while the communication services sector faced the largest decline at -3.48%. In Hong Kong, the healthcare sector surged by 9.53%, while the energy sector dropped by 2.58% [42][49]. - The report notes that the commodity market experienced varied results, with COMEX silver rising by 1.95% and CBOT soybeans declining by 1.12% [56].