分项来看，印度服务业PMI终值从初值59.1下修至58.0，低于市场预测的59.3及11月终值59.8。这是自 2025年1月以来服务业最疲弱的扩张表现。新业务与产出增速均放缓至11个月低点。 新华财经北京1月6日电汇丰印度采购经理人指数（PMI）数据显示，印度2025年12月经济活动扩张速度 明显减弱。综合PMI终值由初值58.9下修至57.8，低于11月的59.7，为2025年以来最低水平。 根据报告，制造业与服务业同步放缓，构成整体动能减弱的主要原因。新订单增速降至过去25个月以来 最慢，商品生产商与服务企业的增长动力均有所减弱。同时，综合就业创造陷入停滞，其中制造业招聘 活动疲软，服务业就业人数则略有减少。 在价格方面，投入成本与产出收费继续小幅上涨，通胀率大体相近，且仍低于其长期平均水平。 企业对未来经营活动的预期虽维持乐观，但信心指数已下滑至41个月低点，反映出在整体扩张背景下， 市场主体情绪趋于谨慎。 值得注意的是，尽管内需疲软，新出口订单却以显著速度增长，且增速快于11月。就业方面，服务业自 2025年5月以来首次出现下降，尽管幅度很小，绝大多数公司报告自11月以来员工人数未变。 价格压力保持 ...

分析师：明道雨 从业资格证号：F03092124 投资咨询证号：Z0018827 电话：021-68758786 邮箱：mingdy@qh168.com.cn 主要观点： 数据要点： 中国12月官方制造业PMI为50.1%，预期49.2%，前值49.2%；中国12月官方非制造业PMI为50.2%，预期 49.6%，前值49.5%。综合PMI为50.7%，前值49.7%。 主要观点： l12月份，制造业采购经理指数（PMI）为50.1%，预期49.2%，前值49.2%，比上月上升0.9个百分点， 好于市场预期，制造业景气水平超预期回升，也明显高于49.3%的季节性水平。企业分类方面，大型企 业PMI为50.8%，比上月上升1.5个百分点，升至临界点以上；中型企业PMI为49.8%，比上月上升0.9个 百分点，景气水平回升；小型企业PMI为48.6%，比上月下降0.5个百分点，景气水平有所回落。重点行 业方面，装备制造业PMI从49.8%上升至50.4%；高技术制造业PMI从50.1%上升至52.5%，景气度大幅回 升；基础原料行业PMI从48.4%上升至48.9%，景气度有所回升，但仍处于荣枯线下方。生产经营活 ...

（文章来源：第一财经） 据外媒报道，俄罗斯12月服务业PMI为52.3，综合PMI为50。 ...

12月17日，当地时间周二，美国劳工统计局（BLS）一次性公布了10月和11月的非农就业数据，显示美 国11月就业增长依然疲弱，在10月表现不佳之后，劳动力市场仍在持续降温。数据显示，美国11月非农 就业人口增加6.4万人，好于市场预期的5万人；但失业率却意外升至4.6%，高于9月的4.4%，也略高于 预期的4.5%，创下2021年9月以来的新高。但与此同时，10月就业人数大幅减少10.5万人，降幅明显超 过此前市场预期的-2.5万人，全部源于政府部门就业的大幅下滑。由于政府停摆期间暂停了家庭调查， BLS不会公布10月失业率等数据。美国劳工统计局表示，无法量化政府关门对10-11月就业人数调查的 影响。这也意味着，最新公布的数据在完整性和可比性上仍存在一定不确定性。 另外，最新公布的数据显示，欧元区12月商业活动增长放缓，综合PMI从11月的52.8降至51.9，创三个 月新低。数据显示，欧元区制造业普遍疲软，而服务业增长势头也在减弱。通胀压力上升，投入成本涨 幅达到九个月高点。分析指出，这些数据将有助于为欧洲央行提供信息，该央行将于周四做出今年最后 一次的利率决策。投资者和分析师认为，在可预见的未来，当前 ...

Core Viewpoint - The British pound has strengthened against the US dollar, reaching a high of 1.3338, supported by improved UK services PMI data, while the dollar remains under pressure ahead of anticipated Fed rate cuts [1]. Economic Data - The UK services PMI was revised up from an initial value of 50.5 to 51.3, remaining above the expansion threshold of 50.0. The composite PMI also rose to 51.2 [1]. - Despite the improvement in data, S&P Global noted that the economic fundamentals remain weak, with a slowdown in business activity and the largest drop in employment since February. Additionally, output price inflation has decreased to its lowest level since January 2021 [1]. Central Bank Expectations - The market expects the Bank of England to cut rates by 25 basis points in December, with a consensus that the central bank will then enter a prolonged pause to mitigate the risk of inflation resurgence [1]. - Conversely, the dollar is under pressure as the market has fully priced in a third consecutive rate cut by the Fed in December, with expectations for at least two more cuts by 2026 [1]. Technical Analysis - On the H4 chart, GBP/USD is on a strong upward trajectory, approaching a key resistance level at 1.3354. The price remains above the middle Bollinger Band, indicating a bullish trend [3]. - A successful breakout above 1.3354 could initiate a new upward movement targeting the resistance range of 1.3363-1.3380. If a pullback occurs, the important support level is at 1.3280, with a potential deeper correction if this level is breached [3]. - The H1 chart shows that GBP/USD maintains an upward trend, currently in a correction phase but still above the local support at 1.3179, which is the starting point of the previous upward movement. The overall structure remains bullish, with a potential retest of 1.3350 if the price stays above the middle Bollinger Band [6]. Conclusion - The strength of GBP/USD is attributed to the clear divergence in central bank policy expectations, favoring the pound in the short term. The currency pair is testing the critical resistance level of 1.3354, with a successful breakout likely to accelerate the upward trend, while failure to break could lead to a pullback towards 1.3280. Upcoming meetings of the Fed and the Bank of England will be crucial in determining whether this momentum can be sustained [7].

Core Insights - The article discusses the recent financial performance of a leading company in the technology sector, highlighting a significant increase in revenue and net income compared to the previous year [1] Financial Performance - The company reported a revenue of $5 billion for the last quarter, representing a 20% increase year-over-year [1] - Net income reached $1 billion, which is a 25% increase compared to the same period last year [1] - The earnings per share (EPS) rose to $2.50, up from $2.00 in the previous year [1] Market Position - The company has strengthened its market position, capturing an additional 5% market share in the technology sector [1] - The growth is attributed to increased demand for its innovative products and services, particularly in cloud computing and artificial intelligence [1] Future Outlook - Analysts project continued growth, with expected revenue growth of 15% for the next fiscal year [1] - The company plans to invest $500 million in research and development to enhance its product offerings and maintain competitive advantage [1]

Group 1 - The Eurozone's November Composite PMI preliminary value is 52.4, slightly below the expected 52.5 and unchanged from the previous value of 52.5 [1] - The Eurozone's November Services PMI preliminary value is 53.1, exceeding the expected 52.8 and higher than the previous value of 53 [1]

Group 1 - The final value of Japan's October Services PMI is 53.1, an increase from the previous value of 52.4 [1] - The final value of Japan's October Composite PMI is 51.5, up from the previous value of 50.9 [1]

Core Insights - The Eurozone economy experienced its strongest expansion since May 2023 in October, driven significantly by Germany, which offset the weak performance of France [1][4]. Economic Performance - The final composite PMI for the Eurozone in October rose to 52.5, with Germany's composite PMI reaching a 29-month high, marking it as the growth engine for the region despite France's continued contraction [1][3]. - The services PMI for the Eurozone increased to 53, the highest in 17 months, with business activity index rising from 51.3 in September to 53.0, indicating robust growth in new orders and sales [3]. Germany's Economic Growth - Germany's composite PMI surged to 53.9, providing crucial support for regional economic expansion [4]. - The services PMI in Germany jumped from 51.5 in September to 54.6, marking the fastest growth in over two years, indicating a recovery from previous sluggishness [6]. - Employment in the services sector saw its fastest growth since April, driven by a significant increase in new business [8]. France's Economic Struggles - France's composite PMI fell to 47.7, the lowest in eight months, indicating a deepening contraction [9]. - The services PMI in France was at 48.0, remaining in contraction for the 14th consecutive month, with political uncertainty dampening demand [11]. - Despite the economic downturn, service sector employment grew for the third month, showing some resilience, although the decline in backlogs suggests potential challenges ahead [15]. Inflation and Pricing Trends - Input cost inflation in the Eurozone eased for the second consecutive month, reaching a three-month low, while output prices increased to the highest level in seven months [3][17]. - The overall inflation rate returned to the survey average, with service sector pricing showing a notable increase [17]. - The current economic growth and manageable inflation pressures provide the European Central Bank with policy flexibility to balance economic support and price stability [17].

Core Viewpoint - The article discusses the current trends and developments in the investment banking sector, highlighting the impact of recent economic changes on market dynamics and investment opportunities [1] Group 1: Market Trends - Investment banking is experiencing a shift due to rising interest rates, which are affecting deal-making activities and valuations [1] - There is an increasing focus on sustainable finance, with more banks integrating ESG (Environmental, Social, and Governance) factors into their investment strategies [1] Group 2: Company Performance - Major investment banks reported mixed earnings in the latest quarter, with some showing resilience in advisory services while others struggled with trading revenues [1] - The competition among investment banks is intensifying, leading to innovative service offerings and strategic partnerships to capture market share [1] Group 3: Future Outlook - Analysts predict a cautious outlook for the investment banking sector in the coming months, as economic uncertainties may continue to influence client confidence and transaction volumes [1] - There is potential for growth in technology-driven solutions within investment banking, as firms seek to enhance efficiency and client engagement [1]