新华财经纽约11月21日电 纽约商品交易所黄金期货市场交投最活跃的2025年12月黄金期价21日上涨2.8 美元，收于每盎司4062.8美元，涨幅为0.07%。当天2026年3月交割的白银期货价格下跌63.1美分，收于 每盎司50.325美元，跌幅为1.24%。 当日黄金价格上涨，白银价格则大幅下跌。美国股市波动加剧，强劲抛售压力可能推高市场对贵金属的 避险需求。 由于市场对人工智能项目的担忧重燃、美国就业报告强劲，以及比特币下跌释放出避险信号，美国股指 20日经历了自4月以来最剧烈的盘中价格反转，基准指数跌至两个多月以来的最低水平。 欧洲领导人将与乌克兰总统泽连斯基就美俄支持的停火计划进行磋商。当地媒体认为，尽管美国和俄罗 斯在推动结束战争的过程中基本将欧洲国家排除在外，但欧洲对其提议的回应将对乌克兰下一步行动至 关重要。 标普全球21日公布的数据显示，其采购经理人指数（PMI）综合产出指数初值升至54.8，创四个月来新 高。该增长主要得益于服务业的强劲势头。服务业PMI升至55.0，高于10月份的54.8。由于制造业和服 务业经济活动保持强劲，黄金在每盎司4000美元上方有稳固支撑。 技术层面，12月黄金 ...

澳大利亚元对美元汇率在周五出现上涨，此前该货币对连续两日走低。 这一变化与澳大利亚标准普尔全球采购经理人指数（PMI）初值公布后的市场反应相关。数据显示，11月澳大利亚标普全球制造业PMI为51.6，高于此前的 49.7；服务业PMI从52.5升至52.7，综合PMI则从52.1上升至52.6。 市场对澳大利亚储备银行（RBA）政策立场的预期呈现谨慎倾向。RBA会议记录显示，若经济数据持续优于预期，该行可能在较长一段时间内维持利率不 变。RBA助理行长萨拉·亨特（SarahHunter）近期表示，持续高于趋势的经济增长可能加剧通胀压力，但央行不会对单月通胀数据做出即时反应，因月度数 据可能存在波动。 技术面上，AUD/USD仍处于横向整理区间 截至11月18日，ASX30天银行现金利率期货显示，2025年12月合约交易于96.41，对应RBA下次董事会会议调整利率（从3.60%至3.35%）的概率约为8%。 汇价在前一日于0.6450 附近运行，整体保持在一个矩形区间内震荡。短线价格仍位于9 日均线下方，显示动能偏弱。 美元兑人民币汇率走低，市场对美联储调整利率的预期有所升温。美元指数（DXY）结束五连阳走势 ...

一位参与PMI调查的化工行业受访者表示："对于关税政策如何影响业务，我们的态度已从'期待'转 为'担忧'。多数部门订单量下降，我们已下调2025年财务预期。"另有化工企业补充道："当前业务依旧 艰难。受全球经济环境不确定性及关税政策频繁变动影响，客户不断取消或减少订单。" 美国供应管理协会PMI商业调查委员会主席苏珊·斯彭斯指出，8月新订单增长与9月产量改善带来的短 期利好似乎并未转化为制造业的持续增长。斯彭斯表示："四大需求指标(新订单、新出口订单、未完成 订单、客户库存指数)均有所改善，但仍处于收缩区间，其中客户库存指数收缩速度放缓。" 中化新网讯 近日，ICIS发布最新报告显示，10月美国化学品产量出现下降，受制造业整体低迷影响， 企业对关税的担忧日益加剧，纷纷反馈相关疑虑。 美国供应管理协会(ISM)发布的最新采购经理人指数(PMI)显示，10月美国制造业产量较9月进一步恶 化，PMI降至48.7点，陷入更深的收缩区间。ISM指出，尽管10月化学品产量下滑，但化工产品销售价 格有所上涨。与此同时，塑料与橡胶行业产量从9月的收缩状态回升，实现扩张。 ...

数据显示，产出与新订单量均以七个月来最快速度下降，其中出口销售额下滑幅度达到近一年来的最高 水平。在需求持续疲软的背景下，企业进一步减少采购投入，导致供应商交货时间以并列历史纪录的最 快速度改善。 尽管当前经营环境承压，企业对未来数月的产出前景仍持谨慎乐观态度。调查显示，34%的企业预期未 来产出将增长，仅5%预计会出现下降。 新华财经北京11月5日电南非10月综合采购经理人指数（PMI）降至48.8，较9月的50.2明显回落，为 2025年3月以来首次跌破50的荣枯分界线，表明南非私营部门活动出现收缩。 与此同时，企业积压工作量以八个月来最快速度减少，尽管就业人数录得微幅上升。成本压力继续缓 解，10月采购价格通胀降至逾五年来的最低水平，主要受益于南非兰特汇率走强及薪资增长放缓。销售 价格通胀亦同步减速，部分归因于建筑成本下降。 （文章来源：新华财经） ...

Core Viewpoint - Spain's manufacturing sector continued its expansion in October, with the Purchasing Managers' Index (PMI) rising to 52.1 from 51.5 in September, marking the sixth consecutive month above the 50 threshold, indicating ongoing growth in manufacturing activity [1] Manufacturing Sector Summary - The main drivers of manufacturing expansion were output and new orders growth [1] - New export orders declined for the second consecutive month, with the fastest drop in five months, attributed to weak demand from political turmoil in France and U.S. trade protectionism [1] - Employment in the manufacturing sector saw a slight decrease, with cautious signals in the labor market affecting companies' willingness to expand hiring [1] Business Confidence and Investment - Despite export pressures, manufacturing firms showed improved confidence, with most expecting a rebound in future demand [1] - Some companies plan to increase investments and enhance capacity in the coming year [1] Macroeconomic Overview - Spain's overall economic performance remains robust, supported by a thriving tourism sector, an active labor market driven by immigration, and stable domestic demand [1] - The government raised its annual economic growth forecast from 2.6% to 2.7% [1] - Official data indicated a 0.6% quarter-on-quarter growth in Q3 2024, slightly down from 0.8% in Q2, with a year-on-year growth rate of 2.8% [1]

Economic Overview - The U.S. government shutdown has entered its fifth week, causing disruptions to economic data and uncertainty for investors [1] - Key economic indicators expected in November include the S&P final U.S. manufacturing and services PMI readings, ISM data, and the ADP employment report [1] Earnings Reports - Upcoming earnings reports will be released from various companies including Archer-Daniels-Midland, Bumble, BP, Capri Holdings, D-Wave Quantum, e.l.f. Beauty, Fastly, Harley-Davidson, IonQ, Live Nation Entertainment, Lyft, Match Group, Mosaic, ON Semiconductor, Palantir Technologies, PENN Entertainment, Pfizer, Shopify, Spotify Technology, Toast, Uber Technologies, Wendy's, and Yum! Brands [2] Key Market Events Schedule - On November 3, the S&P final U.S. manufacturing PMI, ISM manufacturing reading, construction spending, and auto sales data will be released [3] - November 4 will feature updates on the U.S. trade deficit, factory orders, and job openings data [3] - The ADP employment report, S&P final U.S. services PMI, and ISM services data are scheduled for November 5 [4] - Weekly jobless claims, U.S. productivity data, and wholesale inventories will be released on November 6, along with remarks from Federal Reserve officials [4] - The U.S. employment report, hourly wages, preliminary consumer sentiment data, and consumer credit readings are set for November 7, with additional remarks from Dallas Fed President Lorie Logan [5]

Core Insights - The S&P Global reported that the UK's October Composite Purchasing Managers' Index (PMI) preliminary value rose to 51.1, indicating a continued expansion and initial signs of recovery in business activity, although policy uncertainty ahead of the November government budget keeps businesses cautious [1] Group 1: PMI Data - The services PMI preliminary value increased to 51.1, a two-month high, up from 50.8 in September, indicating moderate expansion [1] - The manufacturing PMI preliminary value surged from 46.2 in September to 49.6, marking a 12-month high, although it remains below the growth threshold, the contraction is the shallowest in a year [1] Group 2: Economic Drivers - Inventory replenishment and a rebound in domestic demand are driving accelerated production in the UK manufacturing sector, with Jaguar Land Rover gradually resuming production after previous shutdowns due to cyberattacks, supporting the related supply chain [1] - The October PMI suggests that September may have been the economic low point, with the business environment gradually improving, although the recovery remains moderate [1] Group 3: Business Sentiment - Businesses are exhibiting a strong wait-and-see attitude towards the November UK government budget, with expectations that Chancellor Reeves will introduce tax increases to address the fiscal deficit, leading to caution in spending, investment, and hiring [1] - The construction sector remains subdued as it awaits clarity on policy, and manufacturing new orders continue to face pressure due to US tariffs, necessitating observation of the actual effects of budget policies post-implementation [1]

欧元区商业活动在10月意外加速，综合采购经理人指数（PMI）升至自2024年5月以来最高水平，欧元 区经济动能超市场预期。 24日公布的10月份欧元区综合PMI数据为52.2，高于9月的51.2，远超分析师预期的51，该数据已连续第 十个月位于荣枯线上方。数据超预期的表现主要受服务业推动，尤其是德国服务业表现强劲抵消了法国 的持续疲软。 本轮PMI超预 "尽管德国10月份经济形势显著好转，但法国经济萎缩速度却连续两个月加速。因此，欧元 区经济增长虽然略有加快，但远低于原本应有的水平。" 服务业领涨，制造业仍承压 从具体分项来看，服务业PMI领涨，欧元区服务业PMI从9月份的51.3升至52.6，达到14个月高点。制造 业略有好转，但喜忧参半，制造业产出增速达到51.1，略优于9月的50.0，而制造业整体PMI从9月份的 49.8上升至50，仅仅只是从收缩区间修复至荣枯线上。不过，企业在10月获得新订单的速度为两年半以 来最快，彰显欧元区获得经济增长动力。 整体就业状况有 期增长主要得益于德国服务业的强劲表现。德国10月综合PMI创下自2023年5月以来新高，相较之下， 法国私营部门活动已连续第14个月萎缩，政 ...

前值 预测值 公布值 50.7 50.7 49.5 数据影响：利空金银原油，利空欧元 数据释义：PMI（采购经理人指数）是国际上通行的宏观经济监测指标体系之一，对国家经济活动的监 测和预测具有重要作用，涵盖着生产与流通、制造业与非制造业等领域，由于采取快速、简便的调查方 法，滞后性相对官方数据较短，而且具备综合性和指导性。 2025年9月欧元区制造业PMI初值最新数据 数据发布频率：每月一次 数据统计方法：Markit调查追踪欧元区2000家制造业、建筑业及/或服务公司采购经理的信心状况；初值 系根据85%受访结果得出。 数据公布机构：市场研究机构Markit ...

Core Insights - Iran's manufacturing sector has been in continuous decline for six months, with the Purchasing Managers' Index (PMI) recorded at 47.7 in July 2025, indicating a persistent downturn since early 2025 [1] Group 1: Manufacturing Sector Performance - The PMI being below 50 signifies that the manufacturing industry is contracting [1] - The decline in manufacturing is attributed to unstable electricity supply, shortage of foreign exchange resources, and high inflation [1] Group 2: Economic Implications - If the current trend continues, it is expected to lead to an increase in both unemployment and inflation rates within Iran [1]