中美双方达成基本共识：申万期货早间评论-20251027

Group 1: Core Views - The article highlights the basic consensus reached between China and the U.S. during recent trade talks, focusing on key economic issues such as maritime logistics, tariff extensions, and agricultural trade [1][6] - U.S. inflation data shows a year-on-year increase of 3% in September, indicating a potential impact on economic policies and market expectations [1] Group 2: Key Commodities - Copper prices have slightly decreased, with tight supply conditions and fluctuating demand from various sectors, including power generation and automotive [2][19] - Gold and silver have experienced a pullback due to easing geopolitical tensions and market expectations regarding U.S. interest rate cuts, while central banks continue to accumulate gold as a safe-haven asset [2][18] Group 3: Stock Indices - U.S. stock indices rose following positive developments in U.S.-China tariff negotiations, with significant gains in technology sectors and overall market liquidity expected to remain favorable [3][10] - The recent Chinese Communist Party meeting emphasized technological self-reliance, which may influence market trends and investment strategies in the upcoming quarter [3][10] Group 4: Industry News - China's National Energy Administration reported a 17.5% year-on-year increase in total installed power generation capacity as of September, with solar and wind power showing significant growth [7] - The article discusses the impact of U.S. sanctions on Russian oil companies, which may affect global oil supply dynamics and pricing [12]