Group 1: Global Asset Performance - Global major asset performance this week shows stocks outperforming bonds, commodities, and REITs, with MSCI Global Stock Index rising by 0.99% [1] - Emerging markets outperformed developed markets, with MSCI Emerging Markets up by 1.15% compared to MSCI Developed Markets at 0.97% [2] Group 2: Stock Market Insights - The Hang Seng Tech Index surged by 5.09%, leading global stock indices, while the U.S. stock indices reached historical highs [2] - In developed markets, the U.S. indices (Nasdaq +2.21%, S&P 500 +1.22%, Dow Jones +1.05%) performed well, while European indices showed weakness [2] Group 3: Commodity Market Trends - Brent crude oil prices fluctuated, starting at $68.47 per barrel and settling at $66.68, reflecting a weekly decline of 0.46% [3] - Gold prices reached a new high of $3,685.30 per ounce, increasing by 1.16% this week, while silver rose by 2.13% to $43.08 per ounce [3] Group 4: Bond Market Developments - The Federal Reserve lowered the federal funds rate by 25 basis points to a range of 4.0%-4.25%, impacting U.S. Treasury yields [4][6] - European countries saw an increase in ten-year government bond yields, with the UK rising by 8.2 basis points to 4.714% [4] Group 5: Economic Data Highlights - U.S. retail sales for August increased by 0.6%, significantly above the expected 0.2%, indicating continued consumer spending [5] - The Eurozone's August CPI growth was 2.0%, slightly below the expected 2.1%, suggesting easing inflationary pressures [5] Group 6: Central Bank Decisions - The Federal Reserve's recent meeting acknowledged rising inflation levels and adjusted GDP growth forecasts upward for the next three years [6][7] - The Bank of Japan maintained its interest rates but indicated a shift in its approach by starting to reduce ETF holdings [7] Group 7: REITs Market Overview - Global REITs performance varied, with the STOXX Global 1800 REITs Index declining by 1.25%, while U.S. REITs showed positive earnings growth in various sectors [13][14] - The healthcare REITs are expected to maintain relative earnings growth advantages, while retail REITs show stable growth [13]