当地时间11月26日，匈牙利外长西雅尔多在贝尔格莱德与塞尔维亚外长久里奇会面。 责任编辑：于彤彤 西雅尔多称，"正如匈牙利在能源问题上一直能够依靠塞尔维亚一样，塞尔维亚也可以随时依靠匈牙 利。我们绝不会让你们独自面对困难。"他还表示，在完成与能源部门的会谈后，将向公众通报具体援 助方案。 11月26日是美国对塞尔维亚石油公司实施制裁的第49天。在启程前，西雅尔多谈及塞尔维亚当前的处境 表示，匈牙利"理所当然"会向塞尔维亚提供帮助。（张颖） 双方会面后，西雅尔多表示，匈牙利将向塞尔维亚提供必要的能源支持，确保其能源安全。他指出，双 方已就主要政治层面的合作达成一致，并将在当天与塞尔维亚矿业与能源部长敲定技术细节。 ...

受美国潜在关税影响，化学品及相关产品贸易顺差在2025年第一季度达到峰值，随后在第二、三季度持 续回落。 自俄乌冲突爆发后，欧盟大幅增加了自美国的能源进口。由此导致美国进口增幅超过全球其他地区，且 保持在相对较高水平。 欧盟原本寄希望于7月与美国达成的贸易协议能够缓解紧张的贸易关系，但现实并未如愿。欧盟委员会 希望美国下调钢铝关税，并对从酒类到医疗设备等一系列商品予以关税豁免。24日美国商务部长卢特尼 克在布鲁塞尔访问时将数字监管方式与降低钢铝关税挂钩。他表示，欧盟若想换取美国下调对其钢铁和 铝产品的关税，就必须先对其科技行业监管规则进行重新调整。欧盟内部担忧，美方的做法正威胁着贸 易协议的实质内容，在实际效果上使协议"空洞化"。 （文章来源：新华财经） 新华财经布鲁塞尔11月25日电 欧盟统计局25日发布的数据显示，今年第三季度，欧盟对美国货物贸易 顺差为408亿欧元，较第二季度的471亿欧元顺差下降13.3%，与第一季度812亿欧元的贸易顺差相比则 大幅萎缩49.7%。 报告指出，第一季度之所以表现突出，是受美国将加征关税影响，欧盟对美出口大幅增长。 数据显示，第三季度欧盟在化学品及相关产品、机械与车辆、 ...

Here are two stocks with buy rank and strong income characteristics for investors to consider today, Nov. 25:Newmont Corporation (NEM) : This producer and explorer of gold and other metals has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.4% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 1.2%, compared with the industry average of 0.0%.EniS.p.A. (E) : This integrated energy company has witnessed the Zacks Consensus Estimate for its current year e ...

Core Viewpoint - The Trump administration is shifting its focus to controlling consumer prices as a core policy agenda in response to recent election signals regarding living costs, indicating a potential reversal of its hardline trade stance [1][2]. Group 1: Policy Changes - The White House is rapidly formulating plans aimed at reducing consumer prices, including direct subsidies of $2,000 or more, antitrust investigations into meatpacking companies, and a new initiative to lower tariffs on common consumer goods like coffee and fruits [1][2]. - A significant aspect of this strategy is the reduction of tariffs, with the government recently announcing lower tariffs on various agricultural products and foods, which is seen as a direct response to voter dissatisfaction with high living costs [1][2]. Group 2: Economic Implications - Analysts from Bank of America suggest that the political focus on affordability may signal the end of the trade war, predicting increased direct intervention in prices by the White House, which will be a key driver for asset allocation in the coming months [1][5]. - The administration's toolbox for addressing affordability includes agreements with pharmaceutical companies to lower prescription drug prices, new offshore drilling projects to stabilize energy costs, and proposals for healthcare and housing [2]. Group 3: Market Reactions - Investors are beginning to adjust to the new market logic stemming from Washington's policy shift, with predictions that the political battle over affordability will translate into specific market drivers [6]. - The anticipated increase in government intervention is expected to negatively impact profit margins in sectors related to inflation, while the potential end of the trade war and tariff reductions could become a central theme in the market [6].

Group 1 - The total import and export value of Dongning City reached 4.69 billion yuan in the first three quarters of this year, representing a year-on-year increase of 22.6% [1] - The export value was 3.67 billion yuan, showing a year-on-year growth of 27.5% [1] - Dongning Port is strategically located as a key channel for foreign trade in Heilongjiang Province, facilitating trade with the Russian Far East [3] Group 2 - Dongning City has been enhancing its international, market-oriented, and legal business environment, focusing on expanding imports of grains, seafood, traditional Chinese medicine, and gemstones [3] - The city aims to increase the scale of imports in metals and energy, attracting leading companies such as Jiu New Energy and Wansheng Gas [3] - The port offers a range of services including 24/7 appointment customs clearance, advance declaration, and electronic payment to streamline cross-border transport [3]

Core Insights - Croatia's industrial output in August increased by 5.7% year-on-year, according to the Croatian Bureau of Statistics [1] - However, there was a month-on-month decline of 1.4% compared to July [1] Domestic vs. Foreign Market Performance - In the domestic market, industrial revenue rose by 6% year-on-year [1] - Conversely, revenue from foreign markets decreased by 1.2% [1] Sector-Specific Sales Performance - Energy sales fell by 9.8%, non-durable goods by 4.6%, intermediate goods by 3.2%, and capital goods by 1.1% compared to July [1] - Durable goods sales, however, increased by 4.3% [1] Year-on-Year Comparisons - Compared to August 2024, capital goods sales grew by 10.1%, intermediate goods by 8.5%, and durable goods by 0.4% [1] - Energy sales saw a significant decline of 17.4%, while non-durable goods decreased by 0.4% [1]

泰国和美国最近宣布建立战略伙伴关系，本来这被看作是外交领域的重大突破，然而国内却随即陷入了 争议之中。人民党副党魁兼经济团队负责人维拉尤公开表示对这份协议的质疑，认为泰国在谈判中让步 过多，尤其是在税收减免和采购承诺这两个方面，实在让人无法接受。 外交合作的本质是互利共赢，仅仅拥有"伙伴"这一称号是远远不够的。维拉尤直言不讳，泰国为了这 个"战略伙伴"身份所做出的经济承诺，已经超过了越南和马来西亚的让步。他特别提到了飞机采购问 题，指出美国与三国的协议中都有采购飞机的条款，但泰国的采购量明显高于另外两国。更让人担忧的 是，协议中并未提及任何技术转移的附加条款，这意味着泰国只是花钱购买飞机，却无法获得能够带动 本土产业发展的技术支持。 泰国的媒体和经济学界对此展开了激烈的讨论。支持者认为，与美国建立良好的关系能吸引更多外资， 增强泰国在印太地区的战略地位，特别是在安全领域的合作方面有显著的提升。但反对者则认为，这样 的不对等让利会给本土产业带来沉重压力，可能得不偿失。《曼谷邮报》也在评论中指出，泰国虽然赢 得了一个"战略伙伴"的称号，但却可能因此失去了谈判中的主动权。 通过对比越南和马来西亚的做法，泰国的谈判显 ...

Core Viewpoint - In October, China's import and export growth rates experienced a significant decline, with exports showing a notable drop due to high base effects from the previous year, while imports also fell, reflecting weakened domestic demand [3][5][8]. Export Performance - In October, China's exports decreased by 1.1% year-on-year, a sharp decline from the previous month's growth of 8.3% [5]. - The drop in exports is attributed to high base effects from last year, where factors such as typhoons and pre-election export surges inflated the previous year's figures [5]. - Export prices have also declined, influenced by falling global commodity prices, which have affected the overall export price index [5][8]. - The export of labor-intensive goods, such as consumer electronics and light industrial products, saw significant declines, with high-frequency export chain production dropping to -0.2% [5][6]. Import Performance - In October, imports grew by only 1.0%, marking a five-month low and falling short of market expectations of 4.1% [8]. - The decline in imports is linked to weakened domestic demand, as indicated by a new low in the manufacturing PMI [8]. - Key import drivers included semiconductors and industrial metals, with integrated circuits and copper ore showing strong growth, while computers and energy imports faced significant declines [8]. - Despite the drop in exports, the trade surplus remained high at $90 billion, providing positive support for economic growth [8]. Future Outlook - There is an expectation for a recovery in export growth in November, driven by easing supply disruptions and improved trade relations with the U.S. [4][10]. - The increase in port freight volumes in late October suggests a rebound in production and supply chain stability [9]. - The differentiation in export performance to developed economies indicates potential for continued growth, particularly in exports to the U.S. [10]. - Overall, the industry outlook remains optimistic, with expectations that the annual growth target of "around 5%" will be achievable [11].

Core Viewpoint - The article highlights the improvement in October's inflation data, with CPI turning positive at 0.2% and core CPI rising to 1.2%, indicating better-than-expected economic conditions [2][8][16]. Summary by Sections 1. Inflation Data Overview - October's CPI increased to 0.2% year-on-year, surpassing the expected -0.1%, while core CPI rose to 1.2%, the highest since 2022 [2][8]. - PPI narrowed its year-on-year decline from -2.3% to -2.1%, also better than expected [2][8]. 2. Factors Behind CPI Improvement - The rise in CPI is attributed to better-than-expected food prices and a significant increase in gold prices, with food prices rising 0.3% against an expected decline of 0.4% [4][9]. - Gold jewelry prices surged by 10.2%, contributing approximately 0.06 percentage points to CPI [4][9]. 3. PPI Analysis - PPI saw a month-on-month increase of 0.1%, marking the first rise this year, driven by improved supply-demand dynamics in certain industries such as coal and photovoltaic [3][27]. - Input factors, particularly international oil prices, influenced domestic prices, with oil-related sectors experiencing declines while non-ferrous metals saw price increases [10][28]. 4. Implications of the Data - The unexpected improvement in CPI and PPI is expected to elevate next year's tail effects, potentially aiding further recovery in year-on-year readings [13][15]. - Continuous policy support is necessary for sustained CPI improvement, including measures to stimulate consumption and stabilize housing prices [15][16]. 5. Price Change Distribution - The proportion of CPI items experiencing price increases decreased from 38% to 29%, the lowest since 2016, while the year-on-year increase in PPI price-raising industries rose from 6 to 9 [33][34]. - The proportion of production materials experiencing price increases also rose from 30% to 40%, indicating a recovery in various sectors [40].

Core Insights - Pakistan's Consumer Price Index (CPI) showed a "stable then rising" trend from May to September 2025, with a significant rebound in September due to rising food prices and energy cost adjustments, indicating ongoing inflationary pressures [1][4]. Group 1: CPI Trends - The CPI remained relatively low from the second quarter to early third quarter of 2025, but saw a notable increase in September [2]. - In May, the CPI increased by 3.46% year-on-year, continuing a downward trend since the high inflation of 2023, primarily due to improvements in the food supply chain [4]. - By July, the CPI rebounded to 4.1% year-on-year, with a month-on-month increase of 2.9%, significantly lower than the 11.09% recorded in July 2024, indicating a marked easing of inflationary pressures compared to the previous year [4]. - September's CPI surged to 5.6% year-on-year, marking the highest point in two quarters and ending a two-month decline [4]. Group 2: Drivers of Inflation - Energy prices were a key driver of inflation, with gas costs rising by 29.85% year-on-year and electricity prices increasing by 21.46% in July, contributing over 30% to the CPI [5]. - The Asian Development Bank approved a $130 million loan to support energy sector optimization, which is linked to adjustments in energy prices and domestic distribution system reforms [5]. - Food prices also exhibited seasonal and disaster-related volatility, with fresh vegetable prices soaring by 56% month-on-month in July, contributing 40% to the urban CPI increase, primarily due to supply shortages caused by summer rains [5]. - In September, food prices again became a significant inflation driver, exacerbated by flooding that disrupted crop harvesting and transportation, leading to simultaneous increases in grain and vegetable prices alongside energy price effects [5]. Group 3: Economic Impact and Policy Response - The fluctuations in CPI have significantly impacted livelihoods and business operations, particularly affecting low-income groups who are most vulnerable to rising food and energy prices, thereby diminishing household purchasing power [6]. - Businesses are facing dual pressures from rising raw material and energy costs, with some small and medium enterprises showing signs of production contraction [6]. - The market is closely monitoring the State Bank of Pakistan's (SBP) policy decisions, as the monetary policy committee has maintained the policy rate at 11% for four consecutive meetings to balance inflation control and economic recovery needs [6].