https://chase-dream.cn/en/digests/ai-20261104-am/NightIndexen2026-11-04T08:11:55+08:00Stronger AI Hardware Guides Meet Security and Funding Strains — AMD’s $17B Q4 Guide, Supermicro’s $72-82B Outlook, Meta’s At Least $20B Bond https://chase-dream.cn/digests/ai-20261104-am/NightIndexzh-cn2026-11-04T08:11:55+08:00人工智能（Artificial Intelligence，AI）隔夜晨报：算力（Computing Power）需求与应用落地升温，安全与融资约束同步抬升 https://chase-dream.cn/en/digests/ai-20261104/NightIndexen2026-11-04T19:13:32+08:00AI’s Buildout Spans Record DRAM, a 3 Million-Robot Plan and a 7% Model-Stock Rebound — Hardware Cost Pressure Makes Governance the Test https://chase-dream.cn/digests/ai-20261104/NightIndexzh-cn2026-11-04T19:13:32+08:00苹果国行测试、存储价格与责任治理：今日三条产业线 https://chase-dream.cn/en/digests/cn_macro-20261104-am/NightIndexen2026-11-04T08:05:33+08:00Third Swap Operation Clears RMB100bn at 10bp as 21-Day ETF Inflows Reach RMB472bn — Yet 49.8% Warehousing and a 40-Year Mortgage Extension Leave Transmission Uneven https://chase-dream.cn/digests/cn_macro-20261104-am/NightIndexzh-cn2026-11-04T08:05:33+08:00增量资金与稳市政策协同发力，今日开盘聚焦券商与硬科技 https://chase-dream.cn/en/digests/cn_macro-20261104/NightIndexen2026-11-04T19:04:23+08:00DRAM Sets a Record as Eurozone CPI Prints 4.0%, While China Signs $7.479bn of Deals and Advances a $30bn Reciprocal Tariff Arrangement https://chase-dream.cn/digests/cn_macro-20261104/NightIndexzh-cn2026-11-04T19:04:23+08:00政策落地与结构分化：收盘后宏观三问 https://chase-dream.cn/digests/fed_macro-20261104-am/NightIndexzh-cn2026-11-04T08:01:37+08:00就业数据推高美债收益率，美元同步走强 https://chase-dream.cn/en/digests/fed_macro-20261104-am/NightIndexen2026-11-04T08:01:37+08:00Job Openings Send the 10-Year to 4.948% as Traders Add Longs — Yet Calls to Scrap the 20-Year Remain a Tail https://chase-dream.cn/digests/fed_macro-20261104/NightIndexzh-cn2026-11-04T19:01:59+08:00民主党横扫国会：美股期货先跌后涨，加息悬念升温 https://chase-dream.cn/en/digests/fed_macro-20261104/NightIndexen2026-11-04T19:01:59+08:00Democratic Sweep Buoys Treasurys as December Hike Odds Reach 76.9% - Gridlock Relief Meets AI and Labor Crosscurrents https://chase-dream.cn/digests/global_macro-20261104-am/NightIndexzh-cn2026-11-04T08:07:39+08:00市场计入欧洲央行12月加息22个基点，日本10年期国债收益率上行且日元走弱 https://chase-dream.cn/en/digests/global_macro-20261104-am/NightIndexen2026-11-04T08:07:39+08:00ECB Hike Pricing Holds at 22bp for December and UK Tightening Bets Reach 105bp by End-2027, While a 2.785% JGB Yield and Softer New Zealand Labor Costs Keep the Signal Uneven https://chase-dream.cn/en/digests/global_macro-20261104/NightIndexen2026-11-04T19:08:13+08:00Euro-Area CPI Matches Forecast at 4.0% y/y as Services PMI Slips to 51.4, Yet 2027 Q3 Wage Growth Is Seen at 2.4% — UK Hike Risk Builds as BOJ Sets About ¥860bn Annual ETF Sales https://chase-dream.cn/digests/global_macro-20261104/NightIndexzh-cn2026-11-04T19:08:13+08:00欧元区物价涨幅达4%，英国利率上调预期升温、日本央行拟加快资产出售 https://chase-dream.cn/digests/hormuz-20261104-am/NightIndexzh-cn2026-11-04T08:09:24+08:00霍尔木兹隔夜：谈判窗口与袭船风险交织 https://chase-dream.cn/en/digests/hormuz-20261104-am/NightIndexen2026-11-04T08:09:24+08:00Selective Hormuz Exemptions and a 48-Hour Reopening Offer: Iran Reports 3 Tankers Ablaze, 1 Crew Death, WTI $94.457, Brent $102.189 — Talks Stall as Shipping Costs Exceed 30% of Barrel Value https://chase-dream.cn/digests/hormuz-20261104/NightIndexzh-cn2026-11-04T19:11:06+08:00霍尔木兹海峡（Strait of Hormuz）：航运承压与油价回撤并行 https://chase-dream.cn/en/digests/hormuz-20261104/NightIndexen2026-11-04T19:11:06+08:00IRGC Claims Four Tankers Sunk and Two Vessels Detained as Hormuz Escalation Meets a 12% Five-Day Brent Slide — Trump’s Next Move Is the Next Trigger https://chase-dream.cn/en/digests/industrial_metals-20261104-am/NightIndexen2026-11-04T08:19:07+08:00Copper Drops $309 to $14,036/t as Shanghai Tin Falls 2.95% — Cargo Talks and Middle East Risk Put Aluminum's $3,000/t Threshold in Focus https://chase-dream.cn/digests/industrial_metals-20261104-am/NightIndexzh-cn2026-11-04T08:19:07+08:00工业金属隔夜观察：多数品种收跌，铝与电池材料线索分化 https://chase-dream.cn/en/digests/industrial_metals-20261104/NightIndexen2026-11-04T19:20:55+08:00Tin Tumbles 5.28% at Midday, Lithium Carbonate Ends 3.91% Lower and Copper Inventories Build — Precious Metals Rally https://chase-dream.cn/digests/industrial_metals-20261104/NightIndexzh-cn2026-11-04T19:20:55+08:00沪锡重挫，铜铝库存分化 https://chase-dream.cn/en/digests/precious_metals-20261104-am/NightIndexen2026-11-04T08:16:53+08:00Gold -0.41% at $3,929.98, Silver -1.65% at $49.7990: Dollar, Yields and Hike Risk Press as Central-Bank Buying Offers Support https://chase-dream.cn/digests/precious_metals-20261104-am/NightIndexzh-cn2026-11-04T08:16:53+08:00金银回落寻底，央行购金强化中期支撑 https://chase-dream.cn/en/digests/precious_metals-20261104/NightIndexen2026-11-04T19:18:55+08:00Gold Tops $4,000 and Silver Reaches $52 as the Dollar Weakens and Treasury Yields Fall After the U.S. Midterms — Tether's 3-Tonne Reserve Trim Is the Counterweight https://chase-dream.cn/digests/precious_metals-20261104/NightIndexzh-cn2026-11-04T19:18:55+08:00选举催化下黄金突破4000美元，白银涨超4% https://chase-dream.cn/en/digests/research-20261104-am/NightIndexen2026-11-04T08:14:34+08:00Weekly 4,735 A-Share Decliners Clash With 7.77% Nine-Month Profit Growth: Barclays Holds 2026 Brent at $100/bbl, While a Call to Cancel the 20-Year Frames the Long-End Tail https://chase-dream.cn/digests/research-20261104-am/NightIndexzh-cn2026-11-04T08:14:34+08:00隔夜研报：反弹窗口、板块分化与业绩验证 https://chase-dream.cn/digests/research-20261104/NightIndexzh-cn2026-11-04T19:16:34+08:00科技估值修复领跑，政策与海外选举留下悬念 https://chase-dream.cn/en/digests/research-20261104/NightIndexen2026-11-04T19:16:34+08:00Turnover of RMB 2.05 Trillion Revives A-Share Valuation Repair as ChiNext PE-TTM Sits at Its 7.2nd Percentile - But All-A Q3 Net Profit Falls 13.03% YoY https://chase-dream.cn/digests/ai-20261103-am/NightIndexzh-cn2026-11-03T08:10:51+08:00人工智能（Artificial Intelligence，AI）隔夜晨报：算力扩张、融资升温与应用落地并行 https://chase-dream.cn/en/digests/ai-20261103-am/NightIndexen2026-11-03T08:10:51+08:00Cloud Capex Guides Stay Near $730 Billion as Anthropic's First-Three-Quarter Revenue Hits $33.2 Billion — Oracle's $20 Billion Raise Tests Financing Tolerance https://chase-dream.cn/en/digests/ai-20261103/NightIndexen2026-11-03T19:15:25+08:00SpaceX AI Capacity Heads to 2.7GW as a More Than £20bn UK Data-Center Project Is Announced and Anthropic’s $1.72 Compute Yield Turns Down — Buildout Meets Unit-Economics Stress https://chase-dream.cn/digests/ai-20261103/NightIndexzh-cn2026-11-03T19:15:25+08:00人工智能（Artificial Intelligence，AI）基础设施扩张，安全落地与商业化压力并存 https://chase-dream.cn/digests/cn_macro-20261103-am/NightIndexzh-cn2026-11-03T08:05:06+08:00稳市工具升级领衔隔夜，产业与能源政策同步推进 https://chase-dream.cn/en/digests/cn_macro-20261103-am/NightIndexen2026-11-03T08:05:06+08:00PBOC Schedules Third Swap Operation as Applications Exceed RMB 100bn and Cuts Buyback/Top-Up Relending to 1.00%: A-Shares Rebound After ChiNext's 4.13% Drop on RMB 1.67tn Turnover https://chase-dream.cn/digests/cn_macro-20261103/NightIndexzh-cn2026-11-03T19:03:46+08:00证券、基金、保险公司互换便利（Swap Facility for Securities, Funds and Insurance Companies，SFISF）第三次操作落地：流动性支持与发行约束并行 https://chase-dream.cn/en/digests/cn_macro-20261103/NightIndexen2026-11-03T19:03:46+08:00Third SFISF Applications Top RMB 100 Billion as Southbound Net Buys Exceed HK$13 Billion — JPMorgan Sees Support for an A-Share Floor, but a Reported IPO Pause and Export-Rebate Repricing Complicate the Signal https://chase-dream.cn/en/digests/fed_macro-20261103-am/NightIndexen2026-11-03T08:01:17+08:00Treasuries Rally as Oil Tumbles and the 30-Year Falls to 5.243% While Factory-Gate Inflation Accelerates and a Brokerage Puts December Hike Odds at 75% — Dovish Market, Hawkish Data Mix https://chase-dream.cn/digests/fed_macro-20261103-am/NightIndexzh-cn2026-11-03T08:01:17+08:00隔夜晨报｜美债长端走强，油跌难掩加息悬念 https://chase-dream.cn/en/digests/fed_macro-20261103/NightIndexen2026-11-03T19:02:17+08:00Repo Overtakes Treasuries as the Dollar's Highest-Convenience Safe Asset — 74% December Hike Odds Meet AI Fears, Election Uncertainty and DXY at 101.684 https://chase-dream.cn/digests/fed_macro-20261103/NightIndexzh-cn2026-11-03T19:02:17+08:00美联储（Federal Reserve）观察：利率路径、选举冲击与美元定价 https://chase-dream.cn/en/digests/global_macro-20261103-am/NightIndexen2026-11-03T08:07:30+08:00European Gas Drops 10% to €93.55/MWh Despite Storage Fragility, While Korea’s 2.8% Core CPI Keeps Hike Risk Alive https://chase-dream.cn/digests/global_macro-20261103-am/NightIndexzh-cn2026-11-03T08:07:30+08:00海外宏观隔夜观察：利率、通胀与政策事件 https://chase-dream.cn/digests/global_macro-20261103/NightIndexzh-cn2026-11-03T19:05:53+08:00澳洲联储加息至18年高位，英国与欧洲央行政策预期分化 https://chase-dream.cn/en/digests/global_macro-20261103/NightIndexen2026-11-03T19:05:53+08:00RBA’s Fifth Hike Lifts Cash Rate to 4.85% and an 18-Year High, yet the Hold Case Still Leaves a Hike Open — UK’s Consensus 25 bp Move Meets a Widening Path Split https://chase-dream.cn/digests/hormuz-20261103-am/NightIndexzh-cn2026-11-03T08:09:06+08:00谈判预期压低油价，霍尔木兹海峡（Strait of Hormuz）风险未解 https://chase-dream.cn/en/digests/hormuz-20261103-am/NightIndexen2026-11-03T08:09:06+08:00Brent Falls More Than 6.5% to $105.55, WTI 7% to $96.81 on Iran Deal Hopes — Hormuz Reopening Hangs on Conditions as Ship-Strike and Gulf Retaliation Risks Persist https://chase-dream.cn/digests/hormuz-20261103/NightIndexzh-cn2026-11-03T19:08:49+08:00谈判预期压低油价，霍尔木兹海峡（Strait of Hormuz）风险仍未解除 https://chase-dream.cn/en/digests/hormuz-20261103/NightIndexen2026-11-03T19:08:49+08:00Negotiation Hopes Send SC Crude Down More Than 8% and Briefly Put Brent Below $110 — Unsafe Hormuz Lanes, a Qeshm Strike and a 5 mb/d Refining-Supply Drop Keep the Risk Premium Alive https://chase-dream.cn/en/digests/industrial_metals-20261103-am/NightIndexen2026-11-03T08:21:01+08:00Copper Adds $190/t, Nickel $285/t and Zinc 2.00% Intraday—Lead Slips $4/t https://chase-dream.cn/digests/industrial_metals-20261103-am/NightIndexzh-cn2026-11-03T08:21:01+08:00工业金属隔夜观察：外盘多数收涨，伦锌盘中冲高 https://chase-dream.cn/digests/industrial_metals-20261103/NightIndexzh-cn2026-11-03T19:26:36+08:00伦铜跌破14000美元/吨，锡价跌至逾六个月低位 https://chase-dream.cn/en/digests/industrial_metals-20261103/NightIndexen2026-11-03T19:26:36+08:00Copper Falls Below $14,000 as AI Risk-Off Meets a 15,875-Ton LME Build; Tin Touches $47,565/t - Tight Copper-Mine Supply and Low Aluminum Stocks Fail to Halt the Rout https://chase-dream.cn/digests/precious_metals-20261103-am/NightIndexzh-cn2026-11-03T08:19:37+08:00金银隔夜强势反攻：金价上破3950美元、银价站上51美元 https://chase-dream.cn/en/digests/precious_metals-20261103-am/NightIndexen2026-11-03T08:19:37+08:00Gold Reclaims $3,950 as Silver Tops $51 After a Liquidity Shock — Wall Street Survey and Retail Buyers Split https://chase-dream.cn/digests/precious_metals-20261103/NightIndexzh-cn2026-11-03T19:22:43+08:00金银冲高回落：纽约期金失守3910美元/盎司，白银跌超4%，中国需求增长留下悬念 https://chase-dream.cn/en/digests/precious_metals-20261103/NightIndexen2026-11-03T19:22:43+08:00Oil-Led Gold and Silver Rebound Fades: New York Gold Drops Below $3,910/oz as COMEX Silver Falls Over 4% to $48.85/oz — Tightening Bets and Midterm Risk Keep the Recovery Contested https://chase-dream.cn/digests/research-20261103-am/NightIndexzh-cn2026-11-03T08:17:57+08:00隔夜晨报：A股反弹待确认，海外基金杠杆拥挤受关注 https://chase-dream.cn/en/digests/research-20261103-am/NightIndexen2026-11-03T08:17:57+08:00Median S&P 500 Revenue Growth Slows to 7.0% as Forward P/E Falls to 18.4x — AI Capex Shows No Clear Slowdown, but Beijing’s Policy Floor Meets Thin Liquidity https://chase-dream.cn/en/digests/research-20261103/NightIndexen2026-11-03T19:19:31+08:00Democratic House/Senate Odds Reach 95%/78% as Tech Sinks 9% From High: VIX Below 20 Masks a 3.75%-4.00% Fed Hold and $113/bbl Brent Cross-Asset Strain https://chase-dream.cn/digests/research-20261103/NightIndexzh-cn2026-11-03T19:19:31+08:00选举悬念、利率路径与科技股分歧：研报动态日报