中金研报指出，美国2025年第三季度实际GDP环比折年率升至4.3%，超出市场预期。从分项来看，强 劲的消费支出与AI相关的设备投资需求对增长贡献较大，而传统行业投资（如建筑类与房地产）则持 续表现低迷，显示经济内部"冷热不均"的分化格局加剧。进口连续两个季度下降，表明在年初"抢进 口"过后，企业整体已放慢进口节奏。尽管这份GDP数据较为滞后，但其表现出的韧性或将打压短期内 降息的呼声。中金维持美联储1月将按兵不动，下一次降息或在3月的判断。 来源：滚动播报 ...

Group 1 - The Cboe Volatility Index (VIX), known as Wall Street's "fear gauge," is expected to end 2025 at its lowest annual level, following a volatile period that saw it reach its highest point since 2020 [1] - The VIX closed at 14 on Tuesday, marking its lowest closing level since December 2024, and is poised to close within 2% of its calendar year low for the first time since its inception in 1990 [1] - The S&P 500 index reached its 38th record high of the year on Tuesday, with the Nasdaq Composite and Dow Jones Industrial Average also experiencing consecutive gains [1] Group 2 - Historical trading patterns suggest that large-cap benchmark indices may end 2025 in record territory, despite the Nasdaq Composite remaining below its October peak [2] - Recent stock market rebounds, particularly in financial and materials sectors, are viewed positively by investors, with expectations for the S&P 500 to rise another 10% in 2026 [2] - Positive sentiment around AI has emerged, with expectations that government spending will support the economy ahead of the 2026 midterm elections [2] Group 3 - The outlook for next year appears optimistic, with consumer spending continuing despite a weak labor market, and the Federal Reserve raising its GDP growth forecast for 2026 [3] - However, faster economic growth may exert upward pressure on inflation, potentially leading the Federal Reserve to slow down interest rate cuts, which could diverge from Wall Street's expectations [4] Group 4 - Investor sentiment indicators suggest that confidence may be nearing complacency, with the Bank of America Bull & Bear Indicator rising from 7.9 to 8.5, which could trigger a contrarian "sell" signal [4] - The recent performance of AI-related stocks has shown divergence, with more stocks outside the tech and semiconductor sectors benefiting from AI investments [5] - The competition among major tech companies, particularly the "Magnificent Seven," is intensifying due to AI advancements, which may pose challenges for indices like the S&P 500 [5]

Core Insights - The U.S. stock market indices closed higher, marking the fourth consecutive day of gains, with the S&P 500 reaching a record high [1] - The U.S. Department of Commerce reported a Q3 GDP growth of 4.3% on an annualized basis, surpassing Q2's 3.8% and market expectations of 3.2% [1] - Major technology stocks, particularly chipmaker Nvidia, saw significant gains, with Nvidia rising over 3% and both Google and Amazon increasing by more than 1% [1] Economic Indicators - The increase in GDP was attributed to growth in exports and consumer spending, while investment and imports declined [1] - U.S. Treasury Secretary Janet Yellen suggested that the Federal Reserve might reconsider its inflation target once inflation returns to 2% [1] - The Director of the White House National Economic Council, Kevin Hassett, indicated that the U.S. is lagging in the pace of interest rate cuts [1] Market Sentiment - Eric Sterner, Chief Investment Officer at Apollo Wealth Management, noted that the future Federal Reserve chair may adopt a more accommodative policy stance than current chair Jerome Powell [1] - President Trump expressed his desire to lower interest rates in a favorable market environment through social media comments [1]

作为美联储主席热门人选和白宫高级经济顾问，哈塞特指出，美国在降息节奏上远远落后于全球其他央 行。他表示，美国第三季度GDP增速达到4.3%，创两年内最快，并将其中1.5个百分点的增长归因于特 朗普的关税政策缩减了美国贸易逆差。 特朗普总统多次批评美联储降息速度不够快，并表示将挑选"坚信应该大幅降息的人"担任美联储主席。 哈塞特强调，人工智能繁荣正在推动经济增长，同时对通胀形成下行压力，这为更快的降息提供了理 由。 美联储在12月实施了年内第三次降息25个基点，但此举遭到三名美联储理事的投票反对，表明内部存在 分歧。 ...

美股方面，美股三大指数开盘涨跌不一。 中概股方面，纳斯达克中国金龙指数跌超1%，个股方面，阿特斯太阳能、小鹏汽车跌逾3%，蔚来跌超2%，哔哩哔哩、虎牙跌超1%。 晚间（12月23日），美国GDP数据的公布引发市场震动，该数据大大超出预期，导致投资者对明年1月降息押注迅速下降，特朗普也再度发声，称第三季 度GDP远超预期。不过，此前大涨的黄金、白银全线跳水回落。 12月23日，美国公布的最新经济数据大大超出预期。 美国第三季度实际GDP年化季率初值为4.30%，预期为3.30%，前值为3.80%。 美国第三季度核心PCE物价指数年化季率初值为2.9%，预期2.9%，前值2.6%。美国第三季度PCE物价指数年化季率初值为2.8%，预期2.8%，前值2.1%。 报告还显示，家庭支出仍然是经济增长的主要催化剂，对整体GDP数字贡献了2.4个百分点；对美国产品和服务的强劲国际需求为增长率贡献了0.9个百分 点；公共部门支出为经济提供了一个温和的推动力，为季度增长贡献了0.4个百分点。 虽然当季美国出口和消费支出有所增长，但投资和进口均出现下降。 值得注意的是，黄金、白银在创下历史新高后，开始直线跳水回落，截至发稿，黄金 ...

Core Viewpoint - The article highlights President Trump's praise for the third-quarter GDP growth rate of 4.2%, which significantly exceeds the expected 2.5% growth, while also noting the unusual market reaction where good news leads to market stagnation or decline due to concerns over potential interest rate hikes to combat inflation [1] Group 1 - The GDP growth rate for the third quarter reached 4.2%, surpassing the forecast of 2.5% [1] - Market reactions have changed, with positive news now often resulting in flat or declining stock markets due to fears of immediate interest rate increases to prevent potential inflation [1] - Trump emphasizes that strong market performance should not trigger inflation, attributing inflation concerns to poor policy decisions [1] Group 2 - Trump expresses a desire for the new Federal Reserve Chairman to lower interest rates during favorable market conditions rather than suppressing the market unnecessarily [1] - He envisions a market that behaves naturally, rising and falling as it should, which he believes has not been seen in decades [1] - Trump asserts that inflation issues will resolve themselves naturally and that interest rate hikes should only occur when necessary, not to suppress market growth [1]

欲览更多环球财经资讯，请移步7×24小时实时财经新闻 市场 12月24日收盘：美股收高科技股领涨 标普指数创历史新高 12月24日美股成交额前20：凯西伍德持续减持特斯拉 12月24日热门中概股涨跌不一 台积电涨1.27%，蔚来跌2.40% 来源：环球市场播报 欧洲股市升至纪录新高 美国批准推动诺和诺德股价大涨 宏观 特朗普称美联储主席应在市场表现良好时降低利率 美国消费者信心连续第五个月下滑 就业看法更趋悲观 美国发布H-1B签证新规 以高薪申请人为优先 美国经济2025年第三季度增长4.3% 美联储主席候选人哈塞特：美国在降息方面已严重滞后 贵金属集体大涨 黄金白银再刷历史新高 贝森特：美联储2%的通胀目标有商榷余地 或可设置为一个区间 周二国际油价小幅上扬 市场关注供需前景 美国议员起诉特朗普 指其未经国会批准将个人名字加到肯尼迪中心 特朗普政府将于明年1月起，扣押拖欠助学贷款借款人的薪资收入 美国最高法院驳回特朗普在芝加哥动用国民警卫队的请求 美国对格陵兰岛动作不断 北欧三国声援丹麦 美国向加勒比增派特战飞机和部队 加拿大央行不确定下一次政策利率调整会在何时以及朝哪个方向 利比亚军方总参谋长在土耳其坠 ...

Company - Castle Investment will return $5 billion in hedge fund profits to clients [9] - "Woodstock" sold Tesla shares on Monday, estimated to cash out $29.67 million [9] - Mercedes agreed to pay $150 million to settle emissions cheating issues [9] - Johnson & Johnson was ordered to pay $1.5 billion, with a 1.1% drop in stock price on Tuesday [9] - Google, initially lagging in the AI race, is projected to top the industry rankings by the end of 2025 [9] - Warren Buffett's Berkshire Hathaway sold $24 billion worth of stocks, clearing six positions in the third quarter of 2025 [9] - Elon Musk's wealth surged by $215 billion in 2025, nearing a net worth of $700 billion [9] - Bridgewater's core holdings include two tech giants and two ETFs [9] - Société Générale believes that the situation for yen intervention is "attractive" [9] - Broadcom insiders sold over $100 million in shares, with the CEO again reducing his stake [9] - Amazon's Zoox recalled 332 vehicles due to software errors [9] Industry - The global commodity review indicates that crude oil has risen for five consecutive days, with copper surpassing $12,000 for the first time, and gold and silver reaching new historical highs [4] - Gold and silver have set new historical highs for two consecutive days, driven by safe-haven demand [4] - The next round of AI transformation is expected to focus on efficiency improvements and cost reductions [4] - Major central banks worldwide are anticipated to implement the largest interest rate cuts in over a decade in 2025 [4] - Airfare prices are rising, yet U.S. airlines are expected to achieve record passenger volumes during the Christmas holiday [4]

全球财经媒体昨夜今晨共同关注的头条新闻主要有： 来源：环球市场播报 特朗普表示，他期待美联储主席在经济形势良好的情况下降低利率。这是特朗普在即将宣布鲍威尔继任 者之际，迫切寻求提名一位致力于降息的候选人的最新信号。 美国消费者信心连续第五个月下滑 就业看法更趋悲观 特朗普周二在社交媒体发帖称："我希望新任美联储主席在市场表现良好时降低利率，而不是毫无理由 地摧毁市场。任何与我意见相左的人都永远当不上美联储主席！" 特朗普曾多次表示，他希望打破近期的趋势，即良好的经济数据反而会导致市场出现抛售，原因是投资 者担心通胀以及美联储相应的加息。 特朗普写道："过去，一有好消息，市场就上涨。如今，一有好消息，市场反而下跌，原因是大家都认 为利率会立即上调以应对'潜在的'通胀。" 美国消费者信心连续第五个月下降，受访者对劳动力市场和商业环境的看法转趋悲观。 世界大型企业联合会周二公布的数据显示，消费者信心指数从前月的92.9降至89.1，为2008年以来最长 下降周期。 1、美国消费者信心连续第五个月下滑 就业看法更趋悲观 2、特朗普称美联储主席应在市场表现良好时降低利率 3 、黄金白银连续两日刷新历史新高 避险需求成核 ...

美国总统特朗普就美联储主席人选与货币政策释放出更为明确的信号，如果经济和市场表现良好，他希 望新一任美联储主席推动降息，而不是因通胀担忧"无端打压市场"。 特朗普周二在社交媒体上表示："如果市场运行良好，我希望新的美联储主席能够降低利率，而不是毫 无理由地摧毁市场。任何不同意这一点的人，都不可能成为美联储主席。"他批评近年来形成的一种"反 常现象"，利好经济数据反而引发市场下跌，原因在于投资者担心美联储会因潜在通胀而迅速加息。 在美联储本月早些时候将基准利率下调25个基点至3.5%—3.75%，这是连续第三次会议降息，但联邦公 开市场委员会(FOMC)对后续是否继续降息仍存分歧。此次决议出现三名官员投反对票，为2019年以来 最多。鲍威尔会后直言，这次降息是一次"艰难的抉择"。特朗普此前多次呼吁将利率大幅下调至约 1%，甚至更低。 作为潜在主席人选的哈塞特，也在公开场合对美联储表达不满。他周二在接受采访时表示，尽管美国经 济在第三季度实现远超预期的增长，美联储降息速度依然偏慢。他称："如果你看看全球各国央行，美 国在降息方面明显落后于形势。" 哈塞特认为，人工智能热潮正在推动经济增长的同时，对通胀形成下行压力 ...