全球市场观点 - 交易 2025，布局 2026-Global Market Views_ Trading 2025, Thinking 2026

18 November 2025 | 2:22PM EST Economics Research Global Market Views: Trading 2025, Thinking 2026 1. Peering through data fog into 2026. The US government shutdown has amplified risks around the upcoming data releases, particularly around the labour market. That is still the main risk to an otherwise benign global cyclical picture. If the outturns there are only modestly weak rather than tripping into recessionary fears, the outlook beyond that into 2026 looks more reassuring. Government re-opening, recedin ...