https://chase-dream.cn/en/digests/ai-20261030-am/NightIndexen2026-10-30T08:11:40+08:00AI Capex Enters Its Stress Test: Amazon Sees $1T AWS Revenue as Ares Sees a $5T Capex Need and Microsoft Plans at Least $25B in Bonds https://chase-dream.cn/digests/ai-20261030-am/NightIndexzh-cn2026-10-30T08:11:40+08:00人工智能（Artificial Intelligence）隔夜晨报：科技股承压，亚马逊拟向云业务之外客户销售自研芯片 https://chase-dream.cn/digests/cn_macro-20261030-am/NightIndexzh-cn2026-10-30T08:05:54+08:00人民币汇率走强，财政增量与科技政策共振 https://chase-dream.cn/en/digests/cn_macro-20261030-am/NightIndexen2026-10-30T08:05:54+08:00Policy-Based Financial Instruments Worth 800 Billion Yuan Are Fully Deployed as 27.3 Trillion Yuan of Fiscal Spending Builds Support — Offshore RMB Breaks 6.66, but Fixed Investment Is Down 7.2% https://chase-dream.cn/en/digests/fed_macro-20261030-am/NightIndexen2026-10-30T08:01:35+08:00Fed Holds at 3.75%-4.00% as 3.4% GDP and 3.1% Core PCE Keep December Hike in Play — 10-Year Yield Slips, Fiscal Supply Looms https://chase-dream.cn/digests/fed_macro-20261030-am/NightIndexzh-cn2026-10-30T08:01:35+08:00美联储按兵不动，12月加息路径仍未排除 https://chase-dream.cn/digests/global_macro-20261030-am/NightIndexzh-cn2026-10-30T08:07:49+08:00隔夜宏观：利率路径、能源供给与财政信号 https://chase-dream.cn/en/digests/global_macro-20261030-am/NightIndexen2026-10-30T08:07:49+08:00Tokyo Core Inflation Eases to 2.6% as Unemployment Drops to 2.4%, While the ECB Preserves Rate Optionality — BoJ Decision and Lagarde Succession Define the Next Policy Test https://chase-dream.cn/en/digests/hormuz-20261030-am/NightIndexen2026-10-30T08:09:07+08:00Unknown Projectile Hits Hormuz Tanker; Brent Settles at $114.88 as Flow Is Near 25% of Prewar: $90-$95 De-escalation Versus $120+ Escalation https://chase-dream.cn/digests/hormuz-20261030-am/NightIndexzh-cn2026-10-30T08:09:07+08:00霍尔木兹海峡油轮遇袭：油运与原油市场面临双向风险 https://chase-dream.cn/digests/industrial_metals-20261030-am/NightIndexzh-cn2026-10-30T08:17:29+08:00工业金属隔夜观察：铜供给扰动与需求疑虑相撞，锡镍承压，铝相对坚挺 https://chase-dream.cn/en/digests/industrial_metals-20261030-am/NightIndexen2026-10-30T08:17:29+08:00Oyu Tolgoi Underground Shutdown Adds Potential Copper Supply Risk, Yet LME Copper Falls 1.04% as Tin Drops 3.47% — AI Demand Meets Rising U.S. Inventories https://chase-dream.cn/digests/precious_metals-20261030-am/NightIndexzh-cn2026-10-30T08:15:26+08:00金银隔夜承压：黄金盘中失守4010美元，白银跌超4% https://chase-dream.cn/en/digests/precious_metals-20261030-am/NightIndexen2026-10-30T08:15:26+08:00Gold Drops Below $4,010 as Silver Falls 3.4% and Hits an 11-Month Low: Strong Growth and Core PCE Revive Hike Pressure https://chase-dream.cn/en/digests/research-20261030-am/NightIndexen2026-10-30T08:13:46+08:00Fed's Hawkish Pause Keeps 25bp Hikes on the Table for December and March as Australia and New Zealand Bank Lifts Its Brent Forecast to $105, While Alphabet's $195-205bn Capex Pressures AI Risk Appetite - Dividends Defend https://chase-dream.cn/digests/research-20261030-am/NightIndexzh-cn2026-10-30T08:13:46+08:00隔夜晨报｜研报动态：利率预期、科技财报与A股风格 https://chase-dream.cn/en/digests/ai-20261029-am/NightIndexen2026-10-29T08:10:14+08:00Anthropic-Linked $5B-$7B Data-Center Bond Sale Delayed as Alphabet Holds $195B-$205B Capex - Credit Markets Test the AI Payoff https://chase-dream.cn/digests/ai-20261029-am/NightIndexzh-cn2026-10-29T08:10:14+08:00科技巨头投入扩张，回报审视与融资约束交织 https://chase-dream.cn/digests/ai-20261029/NightIndexzh-cn2026-10-29T19:11:08+08:00人工智能（Artificial Intelligence，AI）日报：业绩、全球扩容与机器人进展 https://chase-dream.cn/en/digests/ai-20261029/NightIndexen2026-10-29T19:11:08+08:00Memory Tightens Into 2028 as AI Earnings Surge: 161.98% Profit Growth, a $1.3B 2026 Data-Center Target and Unanswered IPO Questions https://chase-dream.cn/digests/cn_macro-20261029-am/NightIndexzh-cn2026-10-29T08:02:54+08:00政策加码与能源市场扩容构成隔夜主线 https://chase-dream.cn/en/digests/cn_macro-20261029-am/NightIndexen2026-10-29T08:02:54+08:00RMB800bn Policy Instruments Fully Deployed as Trade-In Sales Top RMB2tn and Green-Power Sourcing Spans 18 Regions — but Downstream Earnings Stay Uneven https://chase-dream.cn/digests/cn_macro-20261029/NightIndexzh-cn2026-10-29T19:04:10+08:00政策定调、融资降本与业绩分化：中国宏观日间观察 https://chase-dream.cn/en/digests/cn_macro-20261029/NightIndexen2026-10-29T19:04:10+08:00Split Earnings Meet Policy Continuity: Yunnan Baiyao Q3 Profit Falls 2.01% While Lanqi Technology Nine-Month Profit Jumps 98.32% - Power Rebound Meets an Undetailed Lagarde Exit https://chase-dream.cn/digests/fed_macro-20261029-am/NightIndexzh-cn2026-10-29T08:01:21+08:00美联储按兵不动，短端利率回落与美元走弱形成开盘线索 https://chase-dream.cn/en/digests/fed_macro-20261029-am/NightIndexen2026-10-29T08:01:21+08:00Fed Holds 3.75%-4.00% as the 30-Year Yield Jumps 6.47 bp to 5.37% — Curve Twist Leaves the December Path Contested https://chase-dream.cn/digests/fed_macro-20261029/NightIndexzh-cn2026-10-29T19:01:40+08:00美联储按兵不动，十二月加息悬念转向数据 https://chase-dream.cn/en/digests/fed_macro-20261029/NightIndexen2026-10-29T19:01:40+08:00Fed Holds at 3.75%-4.00%; Cook and Hammack Dissent as December Hike Odds Near 80% — AI Capex Adds a Cross-Current https://chase-dream.cn/digests/global_macro-20261029-am/NightIndexzh-cn2026-10-29T08:05:54+08:00加拿大加息落地，英国预算空间收窄，全球能源通胀风险抬升 https://chase-dream.cn/en/digests/global_macro-20261029-am/NightIndexen2026-10-29T08:05:54+08:00Canada’s Easing Space Narrows with 2027 CPI Forecast at 3.1% While UK Headroom Slips to £15bn - A 32% Global Energy Surge Links Inflation and Fiscal Pressure https://chase-dream.cn/digests/global_macro-20261029/NightIndexzh-cn2026-10-29T19:06:20+08:00欧洲央行（European Central Bank，ECB）人事、欧元区景气与多国政策信号：收盘复盘 https://chase-dream.cn/en/digests/global_macro-20261029/NightIndexen2026-10-29T19:06:20+08:00Euro-Area Services Softness Meets Lagarde’s Planned Early Exit as UK Credit Splits — Sentiment 96.9, Mortgage Approvals 53,443, 10-Year Gilt Yield 5.29% https://chase-dream.cn/digests/hormuz-20261029-am/NightIndexzh-cn2026-10-29T08:07:54+08:00美方再袭风险升温，霍尔木兹海峡（Strait of Hormuz）双通道出口与高运价并存 https://chase-dream.cn/en/digests/hormuz-20261029-am/NightIndexen2026-10-29T08:07:54+08:00Saudi Dual Routes Compress Gulf Premium to $6/bbl as WTI Tops $102/bbl — U.S. Strike Risk Meets Mine-Free Hormuz and Yemen Escalation https://chase-dream.cn/digests/hormuz-20261029/NightIndexzh-cn2026-10-29T19:08:59+08:00霍尔木兹海峡（Strait of Hormuz）：通航僵局、袭船争议与油价拉扯 https://chase-dream.cn/en/digests/hormuz-20261029/NightIndexen2026-10-29T19:08:59+08:00Qatar’s Seven-Day Draft Meets “Unacceptable” as Hormuz Opening Hangs on Iran’s Conditions and Three-Tanker Mine Claims Clash With “Clear” Lanes — WTI Near $101.20 https://chase-dream.cn/en/digests/industrial_metals-20261029-am/NightIndexen2026-10-29T08:15:24+08:00Copper Firms at $14,478/t While SHFE Lead Drops 1.26%: Mine Risk Meets a 25% Record-Price Call https://chase-dream.cn/digests/industrial_metals-20261029-am/NightIndexzh-cn2026-10-29T08:15:24+08:00工业金属隔夜观察：铜锌偏强，铝锡承压 https://chase-dream.cn/digests/industrial_metals-20261029/NightIndexzh-cn2026-10-29T19:20:40+08:00工业金属收盘复盘：铜锡承压，碳酸锂（Lithium Carbonate）急跌 https://chase-dream.cn/en/digests/industrial_metals-20261029/NightIndexen2026-10-29T19:20:40+08:00Lithium's 8.4% Break Below CNY90,000/t Extends a Nearly 60% Slide Since May - Salt Lake Profit Jumps 31.36% Y/Y, Copper Falls 1.05% https://chase-dream.cn/digests/precious_metals-20261029-am/NightIndexzh-cn2026-10-29T08:13:23+08:00黄金站上4080美元，白银夜盘跌1.53% https://chase-dream.cn/en/digests/precious_metals-20261029-am/NightIndexen2026-10-29T08:13:23+08:00Gold Breaks Above $4,080 as the Fed Holds, While Shanghai Silver Falls 1.53% - Oil Above $100 Keeps Rate Tension Live https://chase-dream.cn/en/digests/precious_metals-20261029/NightIndexen2026-10-29T19:15:40+08:00Gold Falls Through $4,020 as Shanghai Silver Drops 3.16% — Fed Holds, but a Liquidity-Stress Thesis Challenges the Haven Trade https://chase-dream.cn/digests/precious_metals-20261029/NightIndexzh-cn2026-10-29T19:15:40+08:00金银盘中双双转弱：黄金（Gold）失守4020美元，白银（Silver）跌2% https://chase-dream.cn/digests/research-20261029-am/NightIndexzh-cn2026-10-29T08:12:03+08:00隔夜主线：美联储观望、A股去杠杆与科技交易重估 https://chase-dream.cn/en/digests/research-20261029-am/NightIndexen2026-10-29T08:12:03+08:00CNY620bn Margin Exit Meets a 3.4% ChiNext Rebound: CNY1.53tn Q3 Fund Loss, a 0.80 Healthcare Bubble-Risk Score and December-Hike Risk https://chase-dream.cn/digests/research-20261029/NightIndexzh-cn2026-10-29T19:13:55+08:00科技股目标价分化，人工智能交易转向与政策悬念待解 https://chase-dream.cn/en/digests/research-20261029/NightIndexen2026-10-29T19:13:55+08:00Target Revisions Split: Microsoft $630-$650, Alphabet $345-$460, and a 10-2 Fed Hold Tests the AI Rebound https://chase-dream.cn/digests/ai-20261028/NightIndexzh-cn2026-10-28T19:20:16+08:00业绩兑现与资本回报检验：算力链分化与悬念 https://chase-dream.cn/en/digests/ai-20261028/NightIndexen2026-10-28T19:20:16+08:00AI Demand Converts Into Revenue: Vertiv Posts $4.313 Billion and Moore Threads Revenue Jumps 1,773.92% — Cash Flow, Memory Inflation and Capex Durability Now Divide the Trade https://chase-dream.cn/en/digests/cn_macro-20261028/NightIndexen2026-10-28T19:07:46+08:00China Tech Earnings Surge, Green and Enterprise Loans Grow 8.0%-13.0%, and the 30-Year Government Bond Jumps to 2.059% - Dispersion Meets a Late Rates Sell-Off https://chase-dream.cn/digests/cn_macro-20261028/NightIndexzh-cn2026-10-28T19:07:46+08:00工业利润高增，绿色贷款与科技企业信贷扩张，长端国债（Long-End Government Bonds）收益率上行 https://chase-dream.cn/digests/fed_macro-20261028/NightIndexzh-cn2026-10-28T19:03:41+08:00美联储按兵不动成基准情景，政策声明与主席发布会成交易焦点 https://chase-dream.cn/en/digests/fed_macro-20261028/NightIndexen2026-10-28T19:03:41+08:00Fed Pause Expected at 3.75%-4.00% With Core CPI at 2.6% y/y — 7%-10% Hike Odds Put Warsh's Credibility Test and Any Dissent at the Center of December Pricing https://chase-dream.cn/en/digests/global_macro-20261028/NightIndexen2026-10-28T19:12:41+08:00Unexpected Hold Meets Defensive Tightening: RBNZ’s 4-3 Split Sinks NZD 1.33% Versus AUD, India’s Excess Liquidity Drops >95% — Yet Canada’s 25bp Odds Sit at 77% https://chase-dream.cn/digests/global_macro-20261028/NightIndexzh-cn2026-10-28T19:12:41+08:00亚太政策分化，加拿大与欧洲进入决策窗口 https://chase-dream.cn/en/digests/hormuz-20261028/NightIndexen2026-10-28T19:15:49+08:00Hormuz Tension Lifts European Gas Above €98/MWh as Citi Brackets 2026-27 TTF at €85 vs €154 - $47bn War Bill, Four Qatar Cargoes and an Undecided Trump https://chase-dream.cn/digests/hormuz-20261028/NightIndexzh-cn2026-10-28T19:15:49+08:00霍尔木兹海峡（Strait of Hormuz）风险升温：天然气冲高，航运与军事悬念并存 https://chase-dream.cn/digests/industrial_metals-20261028/NightIndexzh-cn2026-10-28T19:31:36+08:00亚洲盘锂价急挫，铜铝偏强，库存与结算留悬念 https://chase-dream.cn/en/digests/industrial_metals-20261028/NightIndexen2026-10-28T19:31:36+08:00Lithium’s >2% Opening Gain Reverses to a 4.64% Drop as Aluminum Inventories Hit a Nine-Month Low—Copper’s Price and Inventory Signals Split https://chase-dream.cn/en/digests/precious_metals-20261028/NightIndexen2026-10-28T19:28:44+08:00Gold Breaks Below $4,030/oz and Silver Drops More Than 1% to $53.91/oz as Shanghai Holds Gains Into the FOMC: USD Pressure Meets an Unfinished ETF Rebound https://chase-dream.cn/digests/precious_metals-20261028/NightIndexzh-cn2026-10-28T19:28:44+08:00金银先涨后跌，利率决议前反弹确认仍待观察 https://chase-dream.cn/digests/research-20261028/NightIndexzh-cn2026-10-28T19:24:13+08:00研报动态：利率、人工智能与资金轮动 https://chase-dream.cn/en/digests/research-20261028/NightIndexen2026-10-28T19:24:13+08:00AI Rotation Broadens: S&P 500 Ex-AI +12.4% in a Week, DRAM Prices Stretch to 2028, but BMO’s Hawkish-Hold Call Puts the S&P 500’s 5.5%-6.0% 10-Year Test in Focus