如何看待美股承压调整？：海外市场周观察（1117-1123）

Group 1 - The report indicates that US stocks are under pressure, showing a volatile adjustment trend influenced by Federal Reserve policy expectations, delayed economic data releases, and earnings reports from major tech companies [1][7] - The non-farm payroll data for September was significantly higher than expected, with an increase of 119,000 jobs, compared to a previous value of -4,000 and an expectation of 50,000 [2][8] - The unemployment rate in the US rose to 4.4% in September, exceeding both the previous value and the expectation of 4.3% [2][8] Group 2 - The report highlights that the market anticipates a 71% probability of a 25 basis point rate cut by the Federal Reserve in December, as indicated by comments from various Fed officials [1][9] - The report notes that the short-term outlook for US stocks is challenged by high valuations and economic data uncertainty, while AI and technological innovation remain long-term growth drivers [1][7] Group 3 - In the global asset market, major asset classes showed mixed performance, with CBOT soybean oil rising by 1.22% and the Shenzhen Component Index falling by 5.13%, marking the largest decline [2][26] - The report details that the major equity markets primarily exhibited a downward trend, with the Shenzhen Component Index and Hang Seng Index experiencing significant declines [2][29] Group 4 - The report provides updates on key economic data, including a rebound in the Eurozone economic sentiment index and a decline in the UK consumer confidence index [3][45][49] - Japan's Consumer Price Index (CPI) showed a month-on-month increase, indicating inflationary pressures [3][59]