https://chase-dream.cn/digests/ai-20260922-am/NightIndexzh-cn2026-09-22T08:07:43+08:00AI隔夜盘点：基建抢交付，治理立新规 https://chase-dream.cn/en/digests/ai-20260922-am/NightIndexen2026-09-22T08:07:43+08:00AI Capex Hits Three Constraints Overnight: Nscale's $103B Backlog Sits 85% With Microsoft and Anthropic, Texas Halts Data-Center Permits, BC Sues OpenAI https://chase-dream.cn/digests/ai-20260922/NightIndexzh-cn2026-09-22T19:08:47+08:00智能体接棒聊天机器人：Meta Muse点燃AI行情，中国端侧与出海同日落子 https://chase-dream.cn/en/digests/ai-20260922/NightIndexen2026-09-22T19:08:47+08:00Muse Tops U.S. iOS in Five Days, Lifting Meta ~12% and Zuckerberg +$25B; Jefferies Sizes PCB/ABF at $73B/$30B by 2030 - SoftBank's $50B Data Center IPO Delay Tests the Agent Capex Bet https://chase-dream.cn/digests/cn_macro-20260922-am/NightIndexzh-cn2026-09-22T08:01:29+08:00隔夜要闻：人民币升破6.70关口，地产链再获政策共振 https://chase-dream.cn/en/digests/cn_macro-20260922-am/NightIndexen2026-09-22T08:01:29+08:00PBOC Pitches Dual Opening as CNH Holds 6.6929 After 6.70 Breach, Yet A-Share Property's 8% Two-Day Rally Replays the Supply-Side Script - Hubei Subsidies and WeBank's 15bp Hike Tilt the Mix https://chase-dream.cn/en/digests/cn_macro-20260922/NightIndexen2026-09-22T19:04:19+08:00Wang Wentao Logs VDA and ACEA Auto Calls as Southbound Inflows Hit HK$12.7B and A-Shares Edge 0.06% on AI Bid, 30Y Treasury Futures +0.25% - Diplomacy, Rotation and Curve Bids in Parallel https://chase-dream.cn/digests/cn_macro-20260922/NightIndexzh-cn2026-09-22T19:04:19+08:00RCEP扩员提速、中欧汽车对话密集 https://chase-dream.cn/en/digests/fed_macro-20260922-am/NightIndexen2026-09-22T08:00:49+08:00Goolsbee Brands 2% Path 'Painful' as Bessent Puts the 30Y on a Liquidity Clock — Hawkish Repricing Meets the Treasury Repo Lifeline https://chase-dream.cn/digests/fed_macro-20260922-am/NightIndexzh-cn2026-09-22T08:00:49+08:00古尔斯比定调：抗通胀不会无痛，联储年内或再加息一次 https://chase-dream.cn/digests/fed_macro-20260922/NightIndexzh-cn2026-09-22T19:02:23+08:00联储加息后首日：鹰派集体发声，市场重估紧缩路径 https://chase-dream.cn/en/digests/fed_macro-20260922/NightIndexen2026-09-22T19:02:23+08:00Unanimous 25bp Hike Locks In 75bp More Through Mid-2027; 2Y at 4.76% as HSBC's DUSTIN Calls for a 1-Month Yield Pullback — Hawkish Roster vs USD Ceiling https://chase-dream.cn/en/digests/global_macro-20260922-am/NightIndexen2026-09-22T08:02:42+08:00France 5Y CDS Cracks 45bps — First Post-Covid High — as UK Mortgage Bill Climbs £840/yr, RBA's Hunter Floats a Fourth 2026 Hike, Turkey Fund Crisis Deepens https://chase-dream.cn/digests/global_macro-20260922-am/NightIndexzh-cn2026-09-22T08:02:42+08:00全球宏观隔夜：澳加央行偏鹰，法国CDS破45基点 https://chase-dream.cn/digests/global_macro-20260922/NightIndexzh-cn2026-09-22T19:05:32+08:00马克龙能源诉求与日银鹰派转向领衔亚欧盘 https://chase-dream.cn/en/digests/global_macro-20260922/NightIndexen2026-09-22T19:05:32+08:00Hawkish Pivot Reaches RBA and RBNZ as Oil Surge Reignites Inflation Risk; 275bp US-Japan Spread Keeps Yen Carry Alive, UK Borrowing Miss Adds Fiscal Strain - Inflation Reignites, Carry Stress https://chase-dream.cn/en/digests/hormuz-20260922-am/NightIndexen2026-09-22T08:06:05+08:00Saudi Reroutes 14M Barrels via Hormuz; Brent Settles $100.34 on a 4-Day Slide as Iran Downs a US Drone and Barclays Flags ~50% Upside - Diplomacy vs Tail https://chase-dream.cn/digests/hormuz-20260922-am/NightIndexzh-cn2026-09-22T08:06:05+08:00霍尔木兹隔夜：沙特重启海湾装船布油破百，伊朗冲突与外交博弈并行 https://chase-dream.cn/en/digests/hormuz-20260922/NightIndexen2026-09-22T19:07:20+08:00Hormuz Transit Collapses to Two Vessels; Brent Breaks $95, WTI Falls 2% to $90.45 — Yanbu Restart and UN Diplomacy Threaten the Risk Premium https://chase-dream.cn/digests/hormuz-20260922/NightIndexzh-cn2026-09-22T19:07:20+08:00霍尔木兹通航骤降至两艘 港口松绑与外交牌同日亮出 https://chase-dream.cn/digests/industrial_metals-20260922-am/NightIndexzh-cn2026-09-22T08:10:18+08:00工业金属隔夜晨报：铜价逆势狂飙，铝市预期分化 https://chase-dream.cn/en/digests/industrial_metals-20260922-am/NightIndexen2026-09-22T08:10:18+08:00US Tariff-Stocking Pushes LME Copper to $14,661 as a $500M African Bulker Lands in New Orleans, Yet Cobalt Crashes ~30% and Aluminum Braces for a 2027 Indonesian Glut https://chase-dream.cn/digests/industrial_metals-20260922/NightIndexzh-cn2026-09-22T19:13:54+08:00工业金属日报：沪铜主联涨1.24%，印尼镍业减产搅动供应 https://chase-dream.cn/en/digests/industrial_metals-20260922/NightIndexen2026-09-22T19:13:54+08:00Copper Extends a Six-Day Run as China Physical Tightens; Morowali 100kt NPI Cut Reignites Nickel — LME Fund Lengths Trim https://chase-dream.cn/digests/precious_metals-20260922-am/NightIndexzh-cn2026-09-22T08:09:27+08:00金银震荡分化：现货黄金收复4350美元，白银获瑞银看多至80美元 https://chase-dream.cn/en/digests/precious_metals-20260922-am/NightIndexen2026-09-22T08:09:27+08:00Gold Whipsaws $4,326 to $4,350 Overnight as Dollar Bite Fades; Silver's 8-Day ETF Streak and UBS's $80 2027 Target Anchor the Bid - Hike Odds vs Structural Floor https://chase-dream.cn/en/digests/precious_metals-20260922/NightIndexen2026-09-22T19:12:08+08:00Gold Cracks $4,300, Silver -3% as 88% December Hike and DXY 100.43 Press; China Record Demand ($160bn, 1,000t) Holds the Bid - Hawkish Fed vs Structural Floor https://chase-dream.cn/digests/precious_metals-20260922/NightIndexzh-cn2026-09-22T19:12:08+08:00现货金银盘中跳水后部分收复，美联储加息预期与美元走强主导跌势 https://chase-dream.cn/en/digests/research-20260922-am/NightIndexen2026-09-22T08:08:31+08:00Three Central Banks Hike, Markets Shrug - DB Hawks Terminal on $96 Brent, Barclays Flags +50% Oil, Goldman Holds the Dovish Counter https://chase-dream.cn/digests/research-20260922-am/NightIndexzh-cn2026-09-22T08:08:31+08:00隔夜研报：全球加息周期下的多空博弈 https://chase-dream.cn/digests/research-20260922/NightIndexzh-cn2026-09-22T19:09:53+08:00研报动态：AI存储链评级密集上调，加息路径与油价博弈同步升温 https://chase-dream.cn/en/digests/research-20260922/NightIndexen2026-09-22T19:09:53+08:00AI Memory Squeeze vs Hawkish Fed: eSSD +52.9% and 2027 NAND Shortfall 6.1% Sit Beside a Dot Plot Pointing to One More 25bp - Hong Kong Five-Year Plan Opens Bank Channel https://chase-dream.cn/en/digests/ai-20260921-am/NightIndexen2026-09-21T08:07:24+08:00Huang Counters Doomsday Lobby as Zhipu Lifts ARR to $3B, Crusoe Closes $3.9B at $30.9B — Trump Readies 'AI Force' Before Xi, Energy Overtakes Chips as Choke Point https://chase-dream.cn/digests/ai-20260921-am/NightIndexzh-cn2026-09-21T08:07:24+08:00AI隔夜观察：监管争论与算力景气并行 https://chase-dream.cn/en/digests/ai-20260921/NightIndexen2026-09-21T19:07:06+08:00Samsung HBM4 Output Set to Double as Asia Compute Buildout Accelerates — Yet Goldman Tags 2027 Hyperscaler Debt at $420B and BofA Sees $1.2-1.5T External Financing by 2030 https://chase-dream.cn/digests/ai-20260921/NightIndexzh-cn2026-09-21T19:07:06+08:00算力供需持续失衡 模型迭代出圈 https://chase-dream.cn/digests/cn_macro-20260921-am/NightIndexzh-cn2026-09-21T08:02:40+08:00隔夜要闻：中美纽约磋商启动 标普上调中国证券业评级 https://chase-dream.cn/en/digests/cn_macro-20260921-am/NightIndexen2026-09-21T08:02:40+08:00He Lifeng-Bessent Open New York Talks With Xi-Trump Summit Deliverables Pending; S&P Lifts China Securities Anchor to 'bb+'; 224bn Amortized-Cost Bond Pipeline Locks 5Y Credit - LPR Holds, 2Y/3Y Deposit Curves Invert https://chase-dream.cn/digests/cn_macro-20260921/NightIndexzh-cn2026-09-21T19:02:01+08:00秋粮收购就绪 煤价淡季冲高 地产传闻引异动 https://chase-dream.cn/en/digests/cn_macro-20260921/NightIndexen2026-09-21T19:02:01+08:00Shanxi Coal Cuts Top 100Mt in Three Months, Coking Coal Hits ¥1,508/t While LPR Marks 16th Hold and ¥165B Repo Stays at 1.40% - Supply Squeeze vs Monetary Stillness https://chase-dream.cn/en/digests/fed_macro-20260921-am/NightIndexen2026-09-21T08:00:41+08:00Fed Restarts Hiking With 25bp to 3.75-4.00% as August CPI/PPI Print +0.4% M/M and Oil Tops $100 on Iran War — Short-Duration Bid Meets Supply-Side Inflation It Cannot Fix https://chase-dream.cn/digests/fed_macro-20260921-am/NightIndexzh-cn2026-09-21T08:00:41+08:00美联储重启加息：通胀粘性、债市分化与企业承压 https://chase-dream.cn/digests/fed_macro-20260921/NightIndexzh-cn2026-09-21T19:01:13+08:00美联储三年来首启加息，沃什强硬表态重塑市场加息预期 https://chase-dream.cn/en/digests/fed_macro-20260921/NightIndexen2026-09-21T19:01:13+08:00Warsh's 'Reduce Accommodation' Reprices the Curve: 2Y +13bp in an Hour, October at 51%, December Past 90%, 10Y at 5.01% — Morgan Stanley Caps Terminal at 4.25-4.50% as BofA Flags 5%+ https://chase-dream.cn/en/digests/global_macro-20260921-am/NightIndexen2026-09-21T08:05:37+08:00IMF Pulls 100% Debt-to-GDP Crossover to 2029 as Bessent Recasts Norway Treasury Rotation; Korea Maps $350bn US Plan, Qatar $38.5bn Pipeline https://chase-dream.cn/digests/global_macro-20260921-am/NightIndexzh-cn2026-09-21T08:05:37+08:00隔夜全球宏观：IMF再敲财政警钟，日英韩卡各有动向 https://chase-dream.cn/digests/global_macro-20260921/NightIndexzh-cn2026-09-21T19:03:23+08:00全球央行鹰派信号共振 日元加息落地套息风险暂缓 https://chase-dream.cn/en/digests/global_macro-20260921/NightIndexen2026-09-21T19:03:23+08:00Rate-Hike Wave Lifts Yields as Yen Volatility Spurs Intervention Watch, RBI Reserves Snap 5-Year Streak — Asia FX Stress vs Carry Calm https://chase-dream.cn/digests/hormuz-20260921-am/NightIndexzh-cn2026-09-21T08:06:19+08:00霍尔木兹海峡僵局未破：油价跳涨、护航持续与联大窗口博弈 https://chase-dream.cn/en/digests/hormuz-20260921-am/NightIndexen2026-09-21T08:06:19+08:00WTI Reclaims $97 as Qatar Brokers a Hormuz Off-Ramp Against Parliament's Closure Vow and 109 Rerouted Ships — Diplomacy Window vs Continued Closure https://chase-dream.cn/digests/hormuz-20260921/NightIndexzh-cn2026-09-21T19:04:04+08:00霍尔木兹海峡油轮遇袭 通行骤降与外交窗口同日上演 https://chase-dream.cn/en/digests/hormuz-20260921/NightIndexen2026-09-21T19:04:04+08:00Tanker Hit in Hormuz Lifts War Premium as VLCC Freight Tops $30/Bbl; Pentagon Pizza Index Spikes, Trump Returns Early — UN Track Caps Brent Below $108 https://chase-dream.cn/en/digests/industrial_metals-20260921/NightIndexen2026-09-21T19:11:52+08:00Zimbabwe Disruption Lifts Lithium Carbonate 4% to 133,600 Yuan as Copper Demand Slumps 18.6% and the US Arbitrage Unwinds - Tin Imports +112%, Nickel Watches El Niño https://chase-dream.cn/digests/industrial_metals-20260921/NightIndexzh-cn2026-09-21T19:11:52+08:00碳酸锂V型反弹 铜矿十年首降预警 https://chase-dream.cn/digests/precious_metals-20260921-am/NightIndexzh-cn2026-09-21T08:09:20+08:00长期美债收益率或迎拐点，黄金下一轮上涨催化渐聚 https://chase-dream.cn/en/digests/precious_metals-20260921-am/NightIndexen2026-09-21T08:09:20+08:00Long-End Yield Inflection Floated as Gold's Next Catalyst; Spot Opens Slightly Lower at $4,373.75 — Bessent Frames Dutch Repatriation as Preference, Not USD Rejection https://chase-dream.cn/digests/precious_metals-20260921/NightIndexzh-cn2026-09-21T19:09:59+08:00现货黄金失守4340美元 白银跌破66关口 紧缩预期压制金价修复 https://chase-dream.cn/en/digests/precious_metals-20260921/NightIndexen2026-09-21T19:09:59+08:00Gold Cracks $4,350 Then $4,340 as DB Argues Reserve Managers, Not Warsh, Drove the Prior Rally — Silver Whipsaws $66-67 https://chase-dream.cn/digests/research-20260921-am/NightIndexzh-cn2026-09-21T08:08:50+08:00加息靴子落地，机构研报聚焦A股第二轮修复行情 https://chase-dream.cn/en/digests/research-20260921-am/NightIndexen2026-09-21T08:08:50+08:00Fed Hike Lands; STAR 50 +6.39% and 10Y UST Touches 5.01% as Dot Plot Leaves One More Hike Alive — Pre-Holiday Window vs. Q3 Earnings Becomes the Asymmetric Trade https://chase-dream.cn/en/digests/research-20260921/NightIndexen2026-09-21T19:09:09+08:00Hawkish SEP Lifts 2026 Median to 4.1% With 16 of 18 FOMC Members Flagging More; 30Y at 5.3% and Brent Past $100 Keep the Path Through 2027 https://chase-dream.cn/digests/research-20260921/NightIndexzh-cn2026-09-21T19:09:09+08:00加息靴子落地后机构研报复盘：紧缩路径分歧加大，AI与储能成共识方向