今日周三（11月26日）亚盘时段，黄金期货目前交投于948附近，截至发稿，黄金期货暂947.32元/克， 涨幅0.62%，最高触及948.98元/克，最低下探939.04元/克。目前来看，黄金期货短线偏向看涨走势。 【要闻速递】 不过机构看法分化：摩根士丹利撤回放松预测，摩根大通倾向按兵不动；PIMCO称12月或降但后续存 疑，指经济稳健但劳动力下行、通胀徘徊3%超目标。 交易员正大举押注美联储12月降息，推动美债走高。与基准利率挂钩的期货合约过去三日新增持仓激 增，1月合约成交量连创纪录。目前市场定价显示，12月降息25基点概率已从数日前30%升至约80%。 【最新黄金期货行情解析】 利率预期转向源于上周延迟发布的9月就业数据（好坏参半），叠加纽约联储主席威廉姆斯暗示"劳动力 市场疲软下近期有降息空间"，鸽派情绪升温。机构Tracy Chen称，美联储内部分歧中鸽派已占优。本 周旧金山联储主席戴利支持下月降息，理事米兰虽提大幅降息但仍忧通胀顽固。法兴策略师Subadra Rajappa指出，鲍威尔及盟友已就降息达成共识，可借经济数据说服委员会。 今日沪金期货需重点关注的关键阻力位区间为940元/克至960元 ...

Group 1: Monthly Performance of US Public Funds - In October 2025, the median performance of US equity funds was stronger than bond funds but weaker than international equity and asset allocation funds, with median returns of 0.56%, 0.89%, 0.51%, and 1.20% respectively [1][7][10] Group 2: Fund Flows and Inflows - In October 2025, active management funds saw a net inflow of $19 billion, while passive funds had a net inflow of $111.8 billion [8][20] - Open-end bond funds had a significant net inflow of $27.5 billion, while equity funds experienced a net outflow of $97 billion [25][23] - Among ETFs, equity and bond ETFs had net inflows of $104.4 billion and $49 billion respectively [25][23] Group 3: New Fund Issuance - A total of 62 new funds were established in October 2025, including 58 ETFs and 4 open-end funds, with 50 being equity funds, 10 bond funds, and 2 asset allocation funds [41][37] Group 4: Insights from Leading Asset Management Firms - Key themes from leading asset management firms included the outlook on US macroeconomic policies and foreign investment perspectives on the stock market [4][44] - The Federal Reserve's recent decision to lower interest rates by 25 basis points reflects a shift towards supporting the labor market amid rising employment risks [47] - Digital assets are expected to see increased institutional participation, with a focus on enhancing their utility beyond passive holding and speculation [47][48]

10 月美国股票型 ETF 资金净流入超千亿，当前规模已超 10 万亿美元 证券研究报告 | 2025年11月23日 海外资管机构月报 美国公募基金市场月度收益 2025 年 10 月，美国股票型基金业绩中位数强于债券基金，弱于国际股票基 金和资产配置基金。具体来看，10 月美国股票型基金、国际股票型基金、 债券型基金、资产配置型基金收益中位数分别为 0.56%、0.89%、0.51%、 1.20%。 美国非货币公募基金资金流向 按管理方式：2025 年 10 月，主动管理型基金整体净流入 190 亿美元，被动 基金整体净流入 1118 亿美元。 按资产类型：2025 年 10 月，美国市场开放式基金中，债券型基金资金净流 入较多，为 275 亿美元，股票型基金资金净流出较多，为 970 亿美元。 2025 年 10 月，美国市场 ETF 中，股票型、债券型 ETF 资金净流入较多， 分别达 1044 亿、490 亿美元。 值得注意的是，在股票型基金中，开放式基金与 ETF 资金流向相反，表现 为资金流出开放式基金并流入 ETF。 头部资管机构资金净流入 美国开放式基金规模 Top10 资管机构大部分均有资金 ...

Group 1 - BNY Mellon reports that Asian foreign reserves remain ample, with import coverage at a favorable level, indicating strong regional resilience against risks [1] - Goldman Sachs highlights a significant reversal in the relationship between the US dollar and the VIX index, suggesting a weakening appeal of the dollar as a traditional safe-haven asset [2] - Deutsche Bank analysts note Nvidia's third-quarter performance significantly exceeded expectations, with strong growth in AI computing and data center revenues projected to reach approximately $500 billion by the end of 2026 [2] Group 2 - Action Economics indicates that the absence of continuous US employment data weakens rate cut expectations, with the Fed likely to adopt a wait-and-see approach for more evidence [1][3] - The US labor market is described as showing signs of slowing but not entering a recession, with small businesses facing the most pressure and job losses concentrated there [3] - The Fed remains cautious about rate cuts, with the next employment report delayed, limiting guidance for the December meeting [3]

RT Bloomberg New Economy (@BBGNewEconomy)"We're at the same level of debt that we were at the end of World War II."MD & Vice Chairman @PIMCO John Studzinski at #BloombergNewEconomy.⏯️ https://t.co/J5lCJTamOX https://t.co/f7fmXRKJyw ...

RT Bloomberg New Economy (@BBGNewEconomy)"Populations are ageing - healthcare costs and the uncertainty of AI - are causing governments to have more expensive programs."MD & Vice Chairman @PIMCO John Studzinski at #BloombergNewEconomy.⏯️ https://t.co/J5lCJT9OZp https://t.co/pvVgbKdPvg ...

RT Bloomberg New Economy (@BBGNewEconomy)NOW: The @BBGNewEconomyForum continues with @RishiSunak, @Nasdaq @adenatfriedman, @nubank's David Vélez, @FedEx's Raj Subramaniam, @PwC's Mohamed Kande, @PIMCO's John Studzinski, and more.https://t.co/cbEQ6TbXcO ...

Core Insights - Chicago is emerging as a central hub for the next wave of crypto ETFs, leveraging its historical strengths in options trading and market infrastructure [1][9] - The panelists emphasized the importance of bridging traditional finance with digital assets through innovative ETF strategies [1][9] Group 1: ETF Strategies - Cyber Hornet's S&P 500 and Bitcoin 75/25 Strategy ETF combines 75% S&P 500 exposure with 25% Bitcoin, targeting investors who are cautious about Bitcoin's volatility while still seeking upside potential [2] - Amplify's Bitcoin option-writing strategies generate steady income by selling calls on Bitcoin, Ethereum, and Solana, yielding 2% to 3% monthly [3][4] - Quantify's BTGD ETF offers a dual-asset strategy with 100% Bitcoin exposure stacked on 100% gold, providing diversification and a smoother risk profile [6][7] Group 2: Market Dynamics - The volatility of Bitcoin, historically ranging between 40% and 70%, presents both challenges and opportunities for income generation through structured products [5] - The panelists concluded that the future of crypto adoption hinges on ETF innovations that align with the needs of financial advisers, focusing on regulation, yield, and risk management [9]

Our next guest is going to give us his insights on the economy, the Fed's rate path, and so much more. Joining us at the table, PIMCO's global economic adviser, Richard Clarah. He's uh former uh Fed vice chairman.Good morning to you. We got I normally I'd say, what do you think of the data, but we don't really have data. Or maybe we do.What What data are you looking at right now. Actually, >> you know, you get things like ADP on the labor market. There's something up in Boston that scrapes prices from Amazo ...

RT Bloomberg Live (@BloombergLive)The @BBGNewEconomy Forum returns to Singapore November 19-21. Don't miss conversations with:◾ @Hyundai President & CEO José Muñoz◾ Algebris Investments Founder & CEO Davide Serra◾ @PIMCO MD & Vice Chairman John StudzinskiLearn more here:https://t.co/9KIECZeJm4 https://t.co/6vWYH2g5Ob ...