周三，鲍威尔鹰派言论扰动美股升势，三大指数涨跌不一，纳指再创新高。美联储主席鲍威尔在新闻发 布会上表示，9月和今天的降息是风险管理式降息，但未来情况不会如此。他在开场白中说出了最重要 一句话："委员会在这次会议上的讨论中，对于12月如何行动，存在着非常不同的观点。在12月的会议 上进一步降低政策利率并非必然结果。"随后市场对美联储12月降息的定价概率从92%快速降低至 70%，风险资产全线走低，美债收益率和美元指数DXY拉升。 【美元指数】衡量美元对六种主要货币的美元指数当天上涨0.56%，在汇市尾市收于99.219。截至纽约 汇市尾市，1欧元兑换1.1594美元，低于前一交易日的1.1662美元；1英镑兑换1.3162美元，低于前一交 易日的1.3280美元。1美元兑换152.84日元，高于前一交易日的152.11日元；1美元兑换0.8009瑞士法郎， 高于前一交易日的0.7930瑞士法郎；1美元兑换1.3934加元，低于前一交易日的1.3942加元；1美元兑换 9.4227瑞典克朗，高于前一交易日的9.3614瑞典克朗。 【美股】截至收盘，道指跌73.37点，跌幅为0.16%，报47632.00点；纳指涨 ...

Group 1: Shenzhen Enterprises - The top three companies in the 2025 Shenzhen Enterprises 500 Strong list are Ping An, Huawei, and BYD [1] - The list shows a moderate recovery in operating performance, with slight pressure on profitability [1] - There is a continuous strengthening of mid-tier companies, while competition among leading enterprises is intense [1] Group 2: Public Fund Market - The total scale of public funds in China reached 36.74 trillion yuan, marking the sixth historical high this year [4] - In September, stock fund scale increased by over 400 billion yuan, while mixed fund scale grew by over 150 billion yuan [4] - Conversely, money market fund scale decreased by over 140 billion yuan, and bond fund scale saw a slight decline of 6.3 billion yuan [4] Group 3: Electronic Information Manufacturing - The added value of the electronic information manufacturing industry increased by 10.9% year-on-year in the first three quarters of 2025 [6] - In September, the growth rate was 11.3%, outperforming the overall industrial and high-tech manufacturing sectors [6] - Mobile phone production decreased by 4.8% to 1.11 billion units, while integrated circuit production rose by 8.6% to 381.9 billion units [6] Group 4: Company Performance - Tianfu Communication reported a net profit of 566 million yuan in Q3, a year-on-year increase of 75.68% [7] - The company’s revenue for Q3 was 1.463 billion yuan, up 74.37% year-on-year, driven by demand for high-speed optical devices [7] Group 5: International Developments - The United Nations General Assembly has again called for the U.S. to end its economic blockade on Cuba, marking the 33rd consecutive resolution of this nature [8] - The EU reported a decrease in household natural gas prices by 8.1% in the first half of 2025 compared to the second half of 2024 [9] Group 6: Major Corporations - Microsoft reported a 12% year-on-year increase in net profit for the first fiscal quarter, reaching 27.7 billion USD [10] - Azure cloud revenue grew by 40%, exceeding market expectations, while total revenue for the quarter was 77.67 billion USD [10] - Meta Platforms achieved record revenue of 51.2 billion USD in Q3, but net profit fell significantly due to a one-time tax expense [11]

Core Insights - Microsoft reported a 12% year-over-year increase in net profit for the first fiscal quarter ending September, reaching $27.7 billion, with adjusted earnings per share of $4.13, surpassing market expectations of $3.67 [1] - Revenue for the quarter grew 18% year-over-year to $77.67 billion, exceeding market expectations of $75.33 billion [1] - The Intelligent Cloud segment, which includes Azure, generated $30.9 billion in revenue, a 28% increase year-over-year, also above the expected $30.25 billion [1] - The Productivity and Business Processes segment reported revenue of $33 billion, exceeding the forecast of $32.33 billion [1] - Microsoft CEO Satya Nadella emphasized the company's commitment to increasing investments in artificial intelligence, both in terms of funding and talent, to seize future opportunities [1] Revenue Performance - Total revenue for the quarter was $77.67 billion, reflecting an 18% increase compared to the previous year [1] - The Intelligent Cloud segment revenue was $30.9 billion, up 28% year-over-year [1] - The Productivity and Business Processes segment revenue reached $33 billion, showing strong performance [1] Market Reaction - Following the earnings report, Microsoft's stock price initially dropped by 3% in after-hours trading [1] Strategic Focus - Microsoft plans to continue investing heavily in artificial intelligence to leverage future growth opportunities [1]

【美股】截至收盘，道指跌73.37点，跌幅为0.16%，报47632.00点；纳指涨130.98点，涨幅为0.55%，报 23958.47点；标普500指数跌0.30点，报6890.59点。周三盘中，道指最高上涨至48040.64点，标普500指 数上涨至6920.34点，纳指24019.99点，均创盘中历史新高。英伟达(NVDA.US)股价收高3.05%，市值突 破5万亿美元，成为全球第一家达到这一估值的公司。 【欧股】德国DAX30指数跌142.19点，跌幅0.59%，报24141.39点；英国富时100指数涨62.56点，涨幅 0.65%，报9759.30点；法国CAC40指数跌15.70点，跌幅0.19%，报8200.88点；欧洲斯托克50指数涨0.90 点，涨幅0.02%，报5705.25点；西班牙IBEX35指数涨58.05点，涨幅0.36%，报16142.65点；意大利富时 MIB指数涨95.47点，涨幅0.22%，报43224.00点。 【原油】纽约商品交易所12月交货的轻质原油期货价格上涨33美分，收于每桶60.48美元，涨幅为 0.55%；12月交货的伦敦布伦特原油期货价格上涨52美分，收 ...