What do we look at if we don't have the traditional economic indicators. Well, you could watch a lot of Bloomberg Surveillance. That's one thing you could do, because at this point, we've got to buy into the idea that this is going to go on for a while.That seems to be the word out of Washington in that case. The good news is we don't have a lot of significant data due out this week. We'll miss trade figures tomorrow, jobless claims on Thursday, inventories on Thursday.Not big indicators that are going to c ...

（文章来源：每日经济新闻） 每经AI快讯，瑞士9月CPI环比降0.2%，预期降0.2%，前值降0.10%；同比升0.2%，预期升0.3%，前值 升0.2%。 ...

每经AI快讯，10月2日，韩国9月CPI同比上升2.1%，预期上升2.0%。 ...

Company News - NIO's stock rose over 1% in pre-market trading, with September vehicle deliveries reaching 34,749 units, a year-on-year increase of 64% [1] - Xpeng Motors' stock increased over 2% in pre-market trading, reporting September vehicle deliveries of 41,581 units, a year-on-year growth of 95% [1] - Li Auto's stock rose 0.6% in pre-market trading, with September vehicle deliveries totaling 33,951 units [1] - Nike's stock surged over 4% in pre-market trading, reporting Q1 revenue for fiscal year 2026 at $11.7 billion, exceeding market expectations of $11 billion [1] Market Dynamics - U.S. stock index futures are down, with Dow futures falling by 0.30%, S&P 500 futures down by 0.41%, and Nasdaq futures decreasing by 0.48% [1] - Major European stock indices are up, with the FTSE 100 rising by 0.61%, CAC 40 increasing by 0.46%, and DAX up by 0.38% [1]

每经AI快讯，9月30日，德国9月CPI初值环比增长0.2%，预期0.1%，前值0.1%。 ...

每经AI快讯，9月30日，意大利9月CPI同比增长1.6%，预期增长1.7%；9月CPI环比下降0.2%，预期下降 0.1%。 ...

每经AI快讯，9月30日，法国9月CPI初值环比下降1%，前值为增长0.4%。 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - In 2025, there are various economic indicators and market conditions to be concerned about, including M2, M2 - M1, CPI, PPI, PMI, etc. The performance of A - shares is also affected by multiple factors such as GDP growth and FOMC projections [10][23][68] 3. Summary by Relevant Catalog Section 2 - In 2025, on September 26th, regarding certain data related to 300, 50, 500, and 1000, there are growth rates of 15.60%, 8.45%, 22.41%, and 16.38% respectively [10] - In August 2025, there were MLF operations of 3000, and in September, there was a 25bp change [12] Section 3 3.1 - The ratio of a certain aspect is 60% - 65% in September. In August 2025, M2 was 8.8%, and M2 - M1 was 2.8%, compared to 6.6% in 2021 [23] - In September, there was a 25bp change, which affected GDP by 10 [29] - In August, a certain value was 3.4% with a 0.3 change, and CPI was 0.9% [32] 3.2 - In a certain situation, 15% and 70% are relevant to CPI and PPI in August [46] - A - shares are affected by factors such as VIX. On September 23rd and 26th, there are specific data changes related to 300 and 500 A - shares. GDP growth in September was 3.8%. FOMC projections from 2025 - 2027 show various data for real GDP change, unemployment rate, PCE inflation, core PCE inflation, and federal funds rate [65][68][72] Section 4 - From 2021, for a certain index related to 300, the range is 4250 - 4950 [73]

Consumption - Automotive retail and wholesale volumes continue to rise, but year-on-year growth has marginally declined due to the low base effect from the Mid-Autumn Festival[6] - Service consumption has weakened, particularly in urban areas affected by typhoon weather, leading to a significant drop in subway ridership in first-tier cities[7] - Food and beverage prices have shown a slight recovery, with agricultural product wholesale prices increasing, but the year-on-year decline continues to widen due to high base effects from 2024[6] Investment - As of September 27, 2025, the cumulative issuance of special bonds reached CNY 3.71 trillion, with CNY 446.52 billion issued in September alone, marking the fastest issuance pace since 2020[19] - Real estate sales have seen a slight seasonal improvement, but the absolute values remain at historical lows, with new home sales in 30 cities showing a marginal year-on-year decline[19] - The asphalt construction rate has risen significantly, reaching a yearly high, while cement and steel consumption indicate slower construction progress[19] Trade and Export - Domestic export freight rates have decreased by 2.9% month-on-month, with container freight rates from Shanghai and Ningbo dropping by 7% and 8.5% respectively[27] - The manufacturing PMI readings for the US and Europe in September were 52.0 and 49.5, indicating a slight decline in overseas manufacturing activity, which may weaken demand for imports from China[27] Production and Inventory - Most industries are experiencing a decline in production, with coal consumption in coastal provinces showing a seasonal decrease[29] - Inventory levels are primarily decreasing, with significant reductions in coal inventories at ports due to increased downstream purchasing ahead of the holiday[37] Price Trends - The Consumer Price Index (CPI) has shown a slight recovery, with service prices in transportation, education, and healthcare increasing year-on-year, while clothing and housing prices have declined[42] - Industrial product prices are mixed, with the South China price index falling by 0.3% month-on-month, while cement prices increased by 2.5%[42] Liquidity - The central bank's net cash injection through reverse repos was CNY 640.6 billion last week, with an additional CNY 300 billion in medium-term lending facility (MLF) operations, totaling CNY 880.6 billion to support liquidity[44] - The US dollar index has risen significantly, reflecting a stronger US economy and impacting the USD/CNY exchange rate, which increased from 7.1125 to 7.1345[44]

证券研究报告 | 固定收益定期 gszqdatemark 2025 09 29 年 月 日 固定收益定期 食品和生产资料价格均有所回落——基本面高频数据跟踪 本期国盛基本面高频指数为 127.9 点（前值为 127.8 点），当周同比 增加 5.8 点（前值为增加 5.7 点），同比增幅扩大。利率债多空信号不 变，信号因子为 5.0%（前值为 5.0%）。 生产方面，工业生产高频指数为 127.1，前值为 127.0，当周同比增加 5.4 点（前值为增加 5.3 点），同比增幅扩大。 总需求方面，商品房销售高频指数为 42.5，前值为 42.6，当周同比下 降 6.2 点（前值为下降 6.3 点），同比降幅收窄；基建投资高频指数为 121.3，前值为 121.2，当周同比增加 7.3 点（前值为增加 6.9 点）， 同比增幅扩大；出口高频指数为 143.7，前值为 143.7，当周同比增加 1.8 点（前值为增加 2.0 点），同比增幅收窄；消费高频指数为 120.4， 前值为 120.4，当周同比增加 3.5 点（前值为增加 3.4 点），同比增幅 扩大。 物价方面，CPI 月环比预测为 0.2%（（前值 ...