如何看待美股回调？：海外市场周观察（1103-1109）

Group 1 - The core viewpoint of the report indicates that the US stock market has experienced a decline due to multiple factors, including concerns over high valuations in the artificial intelligence sector, a record-length government shutdown, and the absence of key economic data leading to confusion in expectations [2][8] - The report highlights that the current market expectation for a 25 basis point rate cut by the Federal Reserve in December is at 66.5% [2][8] - Key economic data for October shows that the ISM Manufacturing PMI is at 48.7, below expectations of 49.5, while the ADP employment number is at 42,000, exceeding expectations of 28,000 [2][8] Group 2 - The report tracks global major asset performance, noting that CBOT soybean oil has the highest increase at +2.08%, while the Nikkei 225 has the largest decline at -4.07% [3][34] - In the equity market, the Hang Seng Index shows the largest gain at +1.29%, while the Nasdaq Composite Index has the largest drop at -3.04% [3][37] - Sector performance indicates that the energy sector in the US has the highest increase at +1.49%, while the information technology sector has the largest decline at -4.43% [3][43] Group 3 - The report provides updates on global economic data, noting a rebound in the Eurozone industrial confidence index and an increase in the UK PMI [59][63] - The report also tracks important upcoming data releases, including the US October CPI and employment figures, which are expected to influence market expectations [68][71]