关注假期效应和需求温度对生产景气的影响：环球市场动态2025年11月17日

Market Overview - Global stock markets faced pressure due to a significant drop in US stocks, with the Nasdaq showing a slight recovery by the end of the trading day[2][9] - European markets weakened, with the Stoxx 600 index down 1.01% and the UK FTSE 100 index down 1.11%[9] - The Hang Seng Index fell 1.85%, with major tech stocks experiencing declines[11] Economic Indicators - China's October economic data showed a decline in both supply and demand, with fixed asset investment expected to improve moderately due to new policy tools[4] - The US labor department is set to release the September non-farm payroll report, which could impact market sentiment[4] Commodity and Forex Markets - Geopolitical tensions from Ukraine and Iran led to a 2.39% increase in international oil prices, with NY crude oil reaching $60.09 per barrel[26] - Gold prices fell over 2% as expectations for a Federal Reserve rate cut diminished, with NY gold priced at $4,094.2 per ounce[26] Fixed Income Market - UK bond yields rose significantly, with increases of 7-16 basis points, reflecting concerns over fiscal health[30] - US Treasury yields also increased, with the 10-year yield rising to 4.15%[30] Company Performance - Dingdong Maicai reported a slight revenue increase of 1.9% year-on-year, but faced a 37.3% decline in non-GAAP net profit due to competitive pressures[7] - Monday.com achieved a 26% year-on-year revenue growth but provided a lower-than-expected Q4 guidance, causing stock price concerns[7]