每日投资策略-20260109

Macro Commentary - Global markets showed mixed performance, with the Hang Seng Index closing at 26,149, down 1.17% for the day but up 2.02% year-to-date [1] - The US stock market exhibited varied results, with the Dow Jones increasing by 0.55% and the S&P 500 slightly up by 0.01%, while the Nasdaq fell by 0.44% [1] - The Eurozone's unexpected drop in PMI to 6.3% indicates a potential slowdown, with implications for the European Central Bank's interest rate decisions [3] Sector Performance - In the Hong Kong market, the financial sector led declines with the Hang Seng Financial Index down 1.53%, while the real estate sector saw a gain of 1.04% [2] - The Chinese stock market experienced a pullback, particularly in the non-bank financial, non-ferrous metals, and telecommunications sectors, while defense, media, and construction sectors showed strength [3] Economic Insights - The US economy remains resilient, supported by a strong services sector, with the services PMI reaching a one-year high, while manufacturing PMI continues to contract [4] - The labor market shows signs of resilience, with initial jobless claims lower than expected, indicating a stable employment environment despite some signs of slowdown [3][4] - Oil prices are influenced by US inventory declines and strategic moves by the White House to control oil prices around $50, aiming to reduce inflation and support political approval [3]