Core Insights - The overall market for China's export container shipping remains stable, with varying trends across different routes due to fundamental differences [1][2][3] Group 1: China Export Container Shipping Market - The Shanghai Export Container Comprehensive Freight Index is at 1647.39 points, down 0.5% from the previous period [1] - The official composite PMI for China in December 2025 is 50.7, up 1 percentage point, indicating a recovery in economic sentiment [1] Group 2: European Route - The Eurozone unemployment rate fell to 6.3% in November 2025, the first decline since April of the previous year, indicating resilience in the labor market [2] - The shipping rate from Shanghai to European ports is $1719/TEU, up 1.7% from the previous period [2] - The Mediterranean route shows similar trends, with rates at $3232/TEU, up 2.8% [2] Group 3: North American Route - The U.S. private sector added 41,000 jobs in December, reversing the previous month's decline, signaling a positive trend in the labor market [2] - Shipping rates from Shanghai to the West Coast and East Coast of the U.S. are $2218/FEU and $3128/FEU, up 1.4% and 3.1% respectively [2] Group 4: Other Routes - The shipping rate from Shanghai to the Persian Gulf is $1981/TEU, down 6.6% due to a lack of growth momentum [3] - The rate to Australia and New Zealand is $1281/TEU, down 4.8%, reflecting a poor supply-demand balance [3] - The rate to South America is $1208/TEU, down 6.5%, indicating weak demand [3] - The shipping market to Japan remains stable, with the rate index at 946.05 points [3]

在经历去年不确定的经济环境后，欧元区劳动力市场展现出强劲韧性，11月失业率录得七个月来首次下 滑，意外打破了持续半年的平稳态势。 欧盟统计局周四公布的数据显示，欧元区11月失业率从10月的6.4%微降至6.3%，这是自去年4月以来的 首次下降。此前自5月以来，该数据一直维持在6.4%的水平。这也是自2024年11月创下6.2%的历史低点 以来，该失业率首次处于如此低的水平。 此次失业率的意外下降表明，尽管近期经济活动增长乏力，欧元区就业市场依然保持紧俏。这一数据不 仅好于市场预期，也与本周早些时候发布的私营部门就业前景改善迹象相吻合，进一步巩固了市场对该 地区劳动力市场稳定性的信心。 受此消息影响，分析师对未来一年的就业前景持谨慎乐观态度。Capital Economics 首席欧洲经济学家 Andrew Kenningham 指出，尽管整体经济增长缺乏亮点，劳动力市场的紧张局面并未改变，预计2026年 全年失业率将不会出现大幅波动。 就业数据意外改善 根据 Eurostat 的具体数据，11月欧元区失业人数较10月减少了7.1万人。这一环比改善是在去年经济环 境充满不确定性的背景下实现的，凸显了企业用工需求 ...