Group 1 - The expectation of a rate cut by the Federal Reserve in December is a key factor driving global capital market trends [1] - After the October meeting, the Fed Chair Powell's hawkish comments led to a significant decline in rate cut expectations, causing adjustments in global capital markets [1] - The comments from New York Fed President Williams on November 21, suggesting further rate cut space, quickly raised market expectations for a December cut, leading to a recovery in global capital markets [1] Group 2 - On the trading day mentioned, both Shanghai and Shenzhen stock markets experienced a rebound with increased trading volume, with the Shanghai Composite Index closing near its daily high [1] - The trading volume for the day was approximately 1.8 trillion yuan, showing a notable increase compared to the previous Friday [1] - Market hotspots were primarily concentrated in the TMT (Technology, Media, and Telecommunications) and non-ferrous metals sectors, with large-cap blue-chip stocks and technology stocks performing strongly [1] Group 3 - The Shanghai Composite Index is in a process of recovery after a rapid adjustment in late November, having found support above the low point from early October [1] - The index has not yet filled the previous gap created during the market's rapid adjustment, indicating that the recovery process is still ongoing [1]
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申万宏源证券上海北京西路营业部·2025-12-02 02:21