来源：光大证券微资讯 热点聚焦 HOT 1、隔夜，美股三大指数涨跌不一，道指跌0.07%，纳指涨0.22%，标普500涨0.11%。纳斯达克中国金 龙指数收涨0.39%。作为最能代表美股小盘股的指标，罗素2000收涨0.76%，突破10月27日创出的前 高。美股开盘后，科技巨头Meta股价大幅拉升，盘初一度暴涨近6%，创7月31日以来最大盘中涨幅， 收涨3.43%。据悉该公司计划将元宇宙项目支出削减至多30%。 2、美国上周首申失业救济人数为19.1万人，不及预期。美国11月非农就业岗位减少9000,10月就业变化 数据下修至减少1.55万个。受此影响，市场对美联储的降息预期进一步升温，据CME"美联储观察"，12 月降息25个基点的概率升至89.2%。白宫国家经济委员会主任哈塞特表示，美联储下次会议可能会降 息，预计将降息约25个基点。 3、隔夜，LME期铜收跌38美元，报11450美元/吨。此前消息称，大宗商品贸易巨头摩科瑞被曝从LME 的亚洲仓库提取超过4万吨铜，价值约4.6亿美元；摩科瑞的行动导致现货铜合约相对于三个月期铜期货 价格的溢价上升，现货升水在周三触及每吨88美元，为10月13日以来最高。隔 ...

Group 1 - The 2025 Global Intelligent Machinery and Electronic Products Expo opened on December 4 in Macau, featuring over a thousand participating companies from home and abroad [2][3] - The expo is themed "Bay Area Intelligent Manufacturing, Global Sharing" and is held simultaneously in Macau and Zhuhai, with distinct focuses on smart electronics and intelligent machinery respectively [3] - The Macau exhibition area highlights smart electronics, including pavilions for smart communication and IoT, smart audio-visual and metaverse, and venture capital concepts [3] Group 2 - The Zhuhai exhibition area focuses on intelligent machinery, featuring pavilions for smart equipment and industrial internet, smart transportation and future mobility, as well as smart home and health technology [3] - A keynote forum was held after the opening ceremony, with notable speakers including Nobel Laureate Daniel Shechtman and foreign academician Wang Zhonglin, who released the "Intelligent Future: Global Intelligent Machinery and Electronic Products Industry Development White Paper" [3][4] - The "Macau Innovation and Technology Pavilion" showcases over 50 local tech companies and four higher education institutions, demonstrating research and industrialization achievements in AI, smart healthcare, and IoT [4] Group 3 - The expo aims to establish a global communication platform for electronic products and intelligent manufacturing, promoting integration into the global supply chain and fostering international cooperation [4] - The event is organized by the Guangdong Provincial Department of Commerce and the Guangdong Provincial Department of Industry and Information Technology, with the China Electronics Chamber of Commerce as the main organizer, and will continue until December 6 [7]

Market Overview - The three major U.S. stock indices showed mixed results, with the S&P 500 rising by 0.11% to 6857.12 points, the Nasdaq increasing by 0.22% to 23505.14 points, and the Dow Jones decreasing by 0.07% to 47850.94 points [1][3] - Market expectations for a Federal Reserve interest rate cut have intensified, with the probability of a cut next week reaching 87% according to the CME FedWatch Tool [1][5] Gold Market Outlook - Gold has performed exceptionally well in 2025, with a cumulative increase of approximately 60% year-to-date, driven by geopolitical and economic uncertainties, a weaker dollar, and strong price momentum [7] - The World Gold Council (WGC) released a report outlining potential scenarios for gold prices in 2026, indicating that in a "vicious cycle" scenario, gold prices could rise by 15% to 30% due to falling U.S. Treasury yields, escalating geopolitical tensions, and heightened risk aversion [8][10] - In a "re-inflation return" scenario, if U.S. economic growth exceeds expectations due to fiscal stimulus, gold prices may face a decline of 5% to 20% as rising yields and a stronger dollar increase the opportunity cost of holding gold [10] Investment Demand - Investment demand, particularly through gold ETFs, is expected to continue playing a crucial role in driving gold prices, offsetting weak demand from the jewelry and technology sectors [9] - Year-to-date, global gold ETFs have attracted $77 billion in inflows, with an increase of over 700 tons, indicating significant growth potential compared to previous bull market cycles [9] Central Bank Demand - Central bank demand remains a significant driver of gold price trends, with strong purchasing activity expected to continue [10]

每经记者｜杨建 每经编辑｜彭水萍 3、据报道，12月4日，工业和信息化部召开会议强调，要准确把握深入推进工业互联网创新发展工作的 内在规律。要在自动化、信息化发展基础上，推动工业互联网与人工智能、5G、大数据、云计算等技 术互促发展。推动信息化和工业化、实体经济和数字经济、科技创新和产业创新、先进制造业和现代服 （一）重要市场新闻 1、美股三大指数收盘涨跌不一，道指跌0.07%，纳指涨0.22%，标普500指数涨0.11%，热门科技股涨跌 不一，英伟达涨超2%，亚马逊、苹果跌超1%；Meta涨超3%，据报道，Meta首席执行官扎克伯格预计 将大幅削减对所谓"元宇宙"项目的投入，这一业务曾被他视为公司未来发展的方向；计算机硬件、加密 矿企涨幅居前，SanDisk涨超9%，Hut8涨近7%，戴尔科技涨超4%，惠普涨近3%；纳斯达克中国金龙指 数收涨0.39%，中概股涨跌不一，蔚来涨超4%，小鹏汽车涨超3%，百度、哔哩哔哩涨超1%，名创优 品、百胜中国跌超1%。 2、国际金价小幅走高，截至发稿时，现货黄金涨0.16%，报4209.45美元/盎司；COMEX期金涨0.16%， 报4239.2美元/盎司。现货白银一度跌 ...

一、外围市场与关联资产 隔夜美股三大指数收盘涨跌不一，道指跌0.07%，纳指涨0.22%，标普500指数涨0.11%。 大型科技股表现分化，Meta、甲骨文涨超3%，英伟达涨超2%，特斯拉涨超1%，微软涨超0.6%，而英 特尔跌超7%，美光跌超3%，苹果、亚马逊跌超1%，谷歌、AMD跌超0.7%。 盘面上，Snowflake因营业利润率展望逊预期跌8.3%，自动化软件公司Uipath因Q3业绩全面超预期涨 7.5%，Dollar General上调全年业绩指引后涨5.6%。 此外，纳斯达克中国金龙指数收涨0.39%，成分股中万物新生涨8.96%，叮咚买菜涨6.56%，阿特斯涨 5.59%，蔚来涨4.38%，海天网络涨4.67%。 二、宏观经济与市场分析 美国白宫国家经济委员会主任哈塞特表示，可能会在下一次美联储会议上看到降息，幅度约为25个基 点。 这一表态或对全球流动性预期产生影响，需关注其对A股市场风险偏好的潜在传导。 三、大宗商品与汇率 国际大宗商品方面，WTI原油突破60美元/桶，日内涨1.79%； 纽约期金价格波动较大，先后突破4250美元/盎司（日内涨0.42%）和4240美元/盎司（日内跌0.0 ...

Group 1: US Stock Market Performance - The US stock market showed mixed results with the Dow Jones down 0.07%, Nasdaq up 0.22%, and S&P 500 up 0.11% [1][12] - Technology stocks had a varied performance, with Meta and Oracle rising over 3%, while Intel fell over 7% [1][12] - Snowflake's stock dropped 8.3% due to disappointing profit margin outlook, while UiPath surged 7.5% after exceeding Q3 expectations [1][12] Group 2: Individual Company Developments - Meta's CEO announced plans to cut up to 30% of investments in the metaverse-related business, leading to a pre-market rise of over 5% [1][12] - Dollar General raised its full-year earnings guidance, resulting in a 5.6% increase in its stock price [1][12] - Tiger Brokers reported record high Q3 revenue and non-GAAP net profit, with a pre-market surge of 9.2% [1][12] Group 3: Commodity and Cryptocurrency Markets - WTI crude oil prices surpassed $60 per barrel, increasing by 1.79% [3][14] - Bitcoin fell below $92,000, with a daily decline of 2.62% [3][14] - Gold prices fluctuated significantly, breaking through $4,250 per ounce before dropping to $4,240 [2][13] Group 4: Forex and Economic Policy - The British pound reached its highest level against the US dollar since October 24, rising 0.2% to $1.3373 [4][15] - The White House's economic advisor indicated a potential 25 basis point rate cut at the next Federal Reserve meeting [4][15] Group 5: Domestic Market Developments - Taobao's flash sale platform announced voluntary compliance with national standards for food delivery services, aiming to enhance service quality and consumer experience [10][21][22]

【#Meta计划削减元宇宙预算股价涨超3%#】#消息称Meta拟削减元宇宙预算最多30%# 周四，美股主要 股指整体持平，投资者在缺乏重磅经济数据的背景下继续评估就业市场的最新迹象，并巩固对美联储下 周可能降息的预期，标普500指数和纳指连续三个交易日收高。截至收盘，道琼斯工业平均指数收跌 31.96点，跌幅0.07%，报47850.94点；标普500指数收涨7.40点，涨幅0.11%，报6857.12点；纳斯达克综 合指数收涨51.04点，涨幅0.22%，报23505.14点。小盘股继续领跑，罗素2000指数收涨0.76%至2531.16 点，创下历史新高。 来源：@究竟视频微博 ...

【资讯导读】 ·哈西特：美联储下周可能会降息25个基点 ·美国财政部发行的主权债务总额首次突破30万亿美元，自2018年以来已增长逾一倍。数据显示，截至 11月，美国政府未偿还的国库券、中期国债和长期国债总额达到30.2万亿美元。 ·美国贸易代表格里尔表示，美国可能会在明年退出美墨加协定。该协定2020年7月正式生效，并计划于 2026年进行续签审议。美国总统特朗普表示，要么美墨加协定到期失效，要么与墨西哥和加拿大另外达 成新协议。 ·塔斯社4日援引俄罗斯总统普京的话报道称，他与美国中东问题特使威特科夫的会谈"非常有益"。双方 就和平计划的每一点都进行了磋商。 ·俄罗斯外交部发言人扎哈罗娃4日表示，俄方将对欧盟可能采取的没收俄被冻结资产的行为进行回应。 ·美国上周初请失业金人数为19.1万人创三年多低点 ·俄外交部：若欧盟没收俄资产俄方将进行回应 ·印度央行将容忍印度卢比贬值 ·世界黄金协会：金价明年可能会在区间内波动不排除继续有强劲的走势 【市场资讯】 ·美国白宫国家经济委员会主任哈西特表示，美联储下周可能会降息25个基点。 ·美国上周初请失业金人数为19.1万人，低于市场预期和前值，为2022年9月24日 ...

智通财经12月5日讯（编辑 史正丞）昨夜今晨， 美股三大指数窄幅震荡，在逼近历史新高的大门口徘徊 度过碌碌无为的一天。与此同时，小盘股表现活跃，代表 美股小盘股的指标罗素2000指数再创历史新 高，AI数据中心、核能、储能、量子计算、稀土、商业航天等一系列前期热炒股迎来一夜狂欢。 | 标的 | 周四涨跌 | | --- | --- | | 上证指数 | -0. 06% | | 深证成指 | 0. 40% | | 创业板指 | 1.01% | | 恒生指数 | 0. 68% | | 日经225指数 | 2. 33% | | 韩国综合指数 | -0. 19% | | 德国DAX指数 | 0. 87% | | 法国CAC40指数 | 0. 43% | | 英国富时100 | 0. 19% | | 纳斯达克指数 | 0. 22% | | 标普500指数 | 0. 11% | | 道琼斯指数 | -0. 07% | | 罗素2000指数 | 0.76% | 大宗商品方面，昨日刚创新高的现货白银和伦铜均在周四出现调整，连涨两天的比特币也一同下跌。国 际油价小幅走高，市场关注俄罗斯石油基础设施再度遭袭的消息。 | 标的 | ...

Group 1: Federal Reserve and Economic Outlook - The U.S. Federal Reserve is expected to lower interest rates by approximately 25 basis points in its upcoming meeting on December 9-10, with an 87% probability of this occurring according to the CME FedWatch Tool [2] - The labor market is showing signs of cooling, with a significant drop in private sector jobs by 32,000 in November, contrasting with market expectations of a 10,000 job increase [10] - The annual layoff count in the U.S. has reached nearly 1.2 million, marking a 54% increase compared to the same period last year, indicating a challenging employment landscape [8] Group 2: Technology Sector Developments - Palantir and NVIDIA are collaborating on a new software platform called "Chain Reaction" aimed at accelerating the construction of AI data centers [5] - Micron Technology has announced its exit from the consumer storage business, which may exacerbate supply shortages in the consumer electronics storage market [5] - Meta is planning to cut its metaverse budget by up to 30%, reflecting a shift in focus due to a lack of anticipated competition in the sector [5] Group 3: Stock Market Performance - Major U.S. stock indices showed mixed results, with the Dow Jones down 0.07%, S&P 500 up 0.11%, and Nasdaq up 0.22% [2] - Notable movements in tech stocks included NVIDIA rising over 2% and Intel dropping over 7% after halting plans to divest its networking business [6] - Chinese concept stocks experienced varied performance, with NIO and Tiger Brokers rising over 4%, while Miniso fell over 1% [6]