Core Insights - The Federal Reserve's October meeting silence period will begin next week, with Chairman Powell set to deliver his final public remarks before the silence on October 15 [1] - Market focus includes potential restructuring of the FOMC due to the new Fed Chair nomination, the impact of a weak U.S. labor market on front-end Treasury yields, and the long-term effects of global "de-dollarization" consensus on the U.S. dollar exchange rate [1] - The forecast suggests a continued weak dollar until the end of 2026, with a potential interest rate cut exceeding expectations by 75 basis points in Q4 2025 [1] Market Summary - Major U.S. indices experienced significant sell-offs due to escalating trade tensions, particularly in response to U.S. tariff comments on China [3] - The S&P 500 index fell by 2.7% to 6,549.5 points, the Dow Jones by 1.9% to 45,453 points, and the Nasdaq 100 by 3.5% to 24,175.75 points, indicating a broad market decline [5] - The VIX index surged as fear and uncertainty increased, while U.S. 10-year Treasury yields declined due to safe-haven demand and expectations of Fed easing [5] Commodity and Currency Movements - WTI crude oil saw a slight rebound from recent lows amid hopes for trade easing [4] - Gold futures surged to historical highs driven by inflows of safe-haven funds and rising rate cut expectations [6] - The dollar index remained stable due to safe-haven demand, while gold showed strength amid these conditions [9] European Market Dynamics - Despite credit rating downgrades in countries like France, European markets displayed resilience, particularly benefiting financial stocks amid regulatory and capital relief expectations [7] - Major European indices, including DAX and CAC, showed general weakness, unable to fully escape global sell-off pressures [9]

Market Overview - Global financial markets exhibit complex and divergent trends, with the US market continuing to reach new highs driven by strong performance in technology and small-cap stocks [1] - The S&P 500 and Russell 2000 indices show notable gains, while the Dow Jones index experiences a slight increase, supported by robust corporate earnings and positive developments in the AI sector [1][3] - In contrast, European markets show weakness, with the UK FTSE 100 index slightly up, while the German DAX and French CAC 40 indices both decline, reflecting concerns over economic growth and policy uncertainty in the region [1][3] Commodity Performance - Gold prices have significantly risen, indicating strong demand, while WTI crude oil prices are under pressure due to expectations of increased supply [1][4] - The reopening of a major pipeline in Iraq has heightened supply concerns, contributing to a decline in oil prices [4] Key Indices and Movements - The S&P 500 index increased by 0.44% to 6,693.75, while the Dow Jones rose by 0.14% to 46,381.54 [4] - The Nasdaq 100 index saw a rise of 0.55% to 22,788.98, and the Russell 2000 index increased by 0.60% to 2,463.34 [4] - European indices such as the DAX and CAC 40 experienced declines of 0.48% and 0.30%, respectively, indicating a bearish sentiment in the region [4] Investor Sentiment - Overall, investors maintain a defensive stance with limited risk appetite, as evidenced by the mixed performance across global markets [3] - The focus for upcoming trading days will be on signals from the Federal Reserve regarding monetary policy and key inflation data [3]

财料 黄金笑了，美元哭了？这是在特朗普上任的100天里金融市场的变化…… 相关链接 03 股指 30% 25% 20% 中国香港 恒生指数 15% 印度 ● 12.24% 21980.7 SENSEX30指数 10% 中国 上证指数 5% 3.38% 79212.53 英国 1.64% 3295.06 富时100指数 0% -1.06% 8415.25 Q 欧洲 -2.74% 4348.6 斯托克50指数 -5% 日本 -7.14% 0 35705.74 日经225指数 -7.86% 5525.21 -10% 美国 标普500指数 -15% -14.15% 19872. 中国合湾 加权指数 -20% -25% 2025年1月20日 2025年4月25日 下载金十数据APP 出品:金十数据 搜索"财料"订阅趣图更新 设计:吴晓梅 策划:财料小组 数据来源: Trading Hero V @ ZZ.82%0 现货黄金 $3319.54/盎司 20% 15% 9.09% 10% ● $33.1/盎司 现货白银 2.29% 5% t 大 安 芝加哥期货交易所) · 1059.25美分/蒲式耳 0.97% 0% 铜(上 ...