Tabl e_Title 2025 年 9 月 29 日 大类资产运行周报（20250922-20250926） 美国通胀数据符合预期 大宗商品整体 上涨 风险提示：美国通胀数据改善不及预期 大类资产运行报告 全球主要资产表现 | | 近一周变动 | | --- | --- | | 新兴市场股市指数 | -1.14% | | Table_Fi rstSto ck 发达市场股市指数 主要资产涨跌幅表现 | -0.41% | | 全球债券指数 | -0.54% | | 全球国债指数 | -0.61% | | 全球信用债指数 姓名 | -0.44% 分析师 | | 美元指数 | 0.55% SAC 执业证书编号：S1111111111111 | | RJ/CRB 商品价格指数 | Xxxxxx @essence.com.cn 2.02% | | | 021-68767839 | | 标普高盛商品全收益指数 | 2.92% | 丁沛舟 高级分析师 期货从业资格号：F3002969 投资咨询从业证书号：Z0012005 dingpz@essence.com.cn 010-58747724 资料来源：Wind 资讯 相关 ...

Group 1 - The S&P 500 index has returned above 6000 points for the first time since February, indicating a significant recovery in market risk appetite [8][9] - The overall performance of major global asset classes was mixed, with NYMEX platinum (+11.64%) showing the largest increase, while the Japanese yen against the RMB saw the largest decline (-1.05%) [30][41] - The U.S. non-farm payrolls for May increased by 139,000, slightly above the expected 130,000, while the unemployment rate remained at 4.2%, aligning with market expectations [8][9] Group 2 - The global equity markets exhibited varied performance, with the Korean Composite Stock Price Index rising by 4.24%, while the Nikkei 225 saw a decline of 0.59% [33][45] - In the U.S. equity market, the communication services sector experienced the highest gain at +2.96%, while the consumer discretionary sector faced the largest drop at -0.85% [40] - The major commodities market showed mixed results, with NYMEX platinum leading the gains, while CBOT corn recorded the largest decline at -0.34% [47][49] Group 3 - The report highlights the importance of upcoming economic data, particularly the June CPI data, which could influence interest rate expectations and further impact technology stocks [8][9] - The Federal Reserve's internal discussions reflect a cautious dovish tone, with officials indicating the possibility of rate cuts later in the year [9][10] - The report tracks significant economic indicators, including the ISM manufacturing PMI for May at 48.5, which is below both the previous value and market expectations [8][9]