https://chase-dream.cn/digests/ai-20261112-am/NightIndexzh-cn2026-11-12T08:10:47+08:00人工智能（Artificial Intelligence，AI）隔夜晨报：治理风波与算力链反弹并行 https://chase-dream.cn/en/digests/ai-20261112-am/NightIndexen2026-11-12T08:10:47+08:00Nvidia’s Reported Leadership Shock Fractures the AI Rally: After-Hours Drop Exceeds 10% After Nasdaq 100 Gains 2%, While CoreWeave’s 168% Revenue Growth Keeps the Infrastructure Bull Case Intact https://chase-dream.cn/en/digests/ai-20261112/NightIndexen2026-11-12T19:14:31+08:00Nvidia’s 7% Governance Shock Hits the AI Stack as TSMC Approves $41bn and Omdia Sees $200bn of AI Software Revenue — Leadership Risk Meets Expansion https://chase-dream.cn/digests/ai-20261112/NightIndexzh-cn2026-11-12T19:14:31+08:00英伟达治理危机牵动人工智能（Artificial Intelligence，AI）交易，广告覆盖扩大与资本开支扩张并行 https://chase-dream.cn/digests/cn_macro-20261112-am/NightIndexzh-cn2026-11-12T08:03:03+08:00隔夜稳市与资本补充：今日开盘线索 https://chase-dream.cn/en/digests/cn_macro-20261112-am/NightIndexen2026-11-12T08:03:03+08:00Swap-Facility Buying and RMB 200bn Buyback-Quota Filings Cushion Risk as the Yuan Holds 6.6749 — 83.1% Private-Fund Positioning Leaves Little Cushion https://chase-dream.cn/en/digests/cn_macro-20261112/NightIndexen2026-11-12T19:08:36+08:00SMIC Profit Jumps 87.6% as Medium- and Long-Term Funds Net Buy Over RMB600 Billion of A-Shares, While Auto Sales Fall 9.2% in October - Earnings Strength Meets a Soft Demand Print https://chase-dream.cn/digests/cn_macro-20261112/NightIndexzh-cn2026-11-12T19:08:36+08:00中国宏观：创新激励、需求分化与资金动向 https://chase-dream.cn/digests/fed_macro-20261112-am/NightIndexzh-cn2026-11-12T08:01:22+08:00通胀推升加息预期，美元走强与10年期收益率破5%风险并存 https://chase-dream.cn/en/digests/fed_macro-20261112-am/NightIndexen2026-11-12T08:01:22+08:00Hot October Inflation Sends the 10-Year Yield to 4.99% and DXY to 102.86-102.95 as December Hike Pricing Builds — While a 50 bp Call and Consumer Strain Keep the Path Unsettled https://chase-dream.cn/en/digests/fed_macro-20261112/NightIndexen2026-11-12T19:04:50+08:000.3% Core-CPI Trigger Puts 50bp on the Table as the Base Case Sits at 25bp — 10-Year Yield Retests 5% and AI Shock Risk Complicates the Path https://chase-dream.cn/digests/fed_macro-20261112/NightIndexzh-cn2026-11-12T19:04:50+08:00美联储加息预期升温，政策沟通分歧扩大 https://chase-dream.cn/en/digests/global_macro-20261112-am/NightIndexen2026-11-12T08:06:18+08:00Dollar Extends Its Reach as CHF Drops 1% and USD/JPY Hits 159.563, While a BoE Hawkish Warning Meets Turkey Credit Relief https://chase-dream.cn/digests/global_macro-20261112-am/NightIndexzh-cn2026-11-12T08:06:18+08:00美元走强与全球政策财政信号分化 https://chase-dream.cn/en/digests/global_macro-20261112/NightIndexen2026-11-12T19:10:51+08:00UK Q3 Growth Accelerates to 0.7%, Germany Lifts 2026 Forecast to 1.3%, and Investors Lean Toward a December BoE Hike — BoJ Keeps Two-Way Optionality While Dollar Clears 103 https://chase-dream.cn/digests/global_macro-20261112/NightIndexzh-cn2026-11-12T19:10:51+08:00欧洲增长、日元信号与全球资本流向 https://chase-dream.cn/en/digests/hormuz-20261112-am/NightIndexen2026-11-12T08:08:49+08:00Reported Hormuz Mine Strike and Competing Missile Claims Put Shipping Safety at Systemic Scale as Brent Reaches $93.64 - Disruption Meets a 26% Saudi Output Rebound https://chase-dream.cn/digests/hormuz-20261112-am/NightIndexzh-cn2026-11-12T08:08:49+08:00霍尔木兹海峡（Strait of Hormuz）隔夜风险升温，油价上行与回落线索并存 https://chase-dream.cn/digests/hormuz-20261112/NightIndexzh-cn2026-11-12T19:12:39+08:00霍尔木兹海峡（Strait of Hormuz）：通航恢复与安全警报交织 https://chase-dream.cn/en/digests/hormuz-20261112/NightIndexen2026-11-12T19:12:39+08:00Two Tankers Halt Amid Reported Hormuz Explosions as India’s Gulf Imports Reach 2.10 mb/d, Yet Muted U.S.-Iran Hostilities Pull Oil Lower https://chase-dream.cn/digests/industrial_metals-20261112-am/NightIndexzh-cn2026-11-12T08:16:47+08:00工业金属（Industrial Metals）隔夜晨报：铝库存降至1990年以来最低，铜矿供应偏紧 https://chase-dream.cn/en/digests/industrial_metals-20261112-am/NightIndexen2026-11-12T08:16:47+08:00Aluminum Backwardation Hits $31.73/t as LME Aluminum Inventory Falls to Its Lowest Since 1990, While Shanghai Copper Slips 0.06% at 105,820 Yuan/t - Squeeze Meets Macro Pressure https://chase-dream.cn/en/digests/industrial_metals-20261112/NightIndexen2026-11-12T19:23:11+08:00Lithium Receipts Drop 1,551 as Shanghai Aluminum Gains 1.77%, but LME Copper Slips 1.04% to $13,673/tonne https://chase-dream.cn/digests/industrial_metals-20261112/NightIndexzh-cn2026-11-12T19:23:11+08:00工业金属复盘：铝镍收涨，海外铜与铁矿走弱 https://chase-dream.cn/digests/precious_metals-20261112-am/NightIndexzh-cn2026-11-12T08:15:27+08:00黄金失守4000美元、白银震荡，今晨聚焦4000美元关口 https://chase-dream.cn/en/digests/precious_metals-20261112-am/NightIndexen2026-11-12T08:15:27+08:00Gold Breaks $4,000 as a Fully Priced 25 bp December Hike Pushes Spot to $3,990; Silver Falls 1% to $51.48 — Central-Bank Demand Meets Dollar and Yield Pressure https://chase-dream.cn/en/digests/precious_metals-20261112/NightIndexen2026-11-12T19:20:11+08:00Gold Falls Through $4,000 to $3,930 as Hike Pricing and a Dollar Index Near 103 Pressure Bullion — Silver Drops 2% at $50.89 Despite Its 6% Rebound https://chase-dream.cn/digests/precious_metals-20261112/NightIndexzh-cn2026-11-12T19:20:11+08:00金银同步承压，3900美元与白银50美元关口成焦点 https://chase-dream.cn/digests/research-20261112-am/NightIndexzh-cn2026-11-12T08:13:45+08:00隔夜研报：通胀扰动利率预期，科技投资转向精选与现金流验证 https://chase-dream.cn/en/digests/research-20261112-am/NightIndexen2026-11-12T08:13:45+08:00AI Narrows From a Narrative Trade to an Earnings-and-Cash-Flow Test: CoreWeave’s Target Drops From $150 to $100 and Nvidia Leaves Two Top-Pick Lists — Ratings Stay Constructive https://chase-dream.cn/digests/research-20261112/NightIndexzh-cn2026-11-12T19:17:12+08:00研报动态：资金、利率与人工智能产业链 https://chase-dream.cn/en/digests/research-20261112/NightIndexen2026-11-12T19:17:12+08:00Retail ETF Inflows Cushion AI Trades as Hot CPI Lifts 25bp December Hike Odds to 90% and 387 GW of Data-Center Capacity Looks Non-Credible https://chase-dream.cn/en/digests/ai-20261111-am/NightIndexen2026-11-11T08:10:06+08:00CoreWeave’s $13.0-$13.3B Guide Meets Anthropic’s $1.4T, $90.4B IPO Plan as Nvidia Drops Over 9% and Compute-Futures Approval Is Reportedly Delayed https://chase-dream.cn/digests/ai-20261111-am/NightIndexzh-cn2026-11-11T08:10:06+08:00人工智能（Artificial Intelligence，AI）隔夜观察：风险、业绩与国内映射 https://chase-dream.cn/en/digests/ai-20261111/NightIndexen2026-11-11T19:12:55+08:00Liquid-Cooling Server Revenue Jumps 153.1%, Korea’s Chip Exports Surge 331.2%, and AI’s Next 18 Months Bring a Capital-Return Reckoning https://chase-dream.cn/digests/ai-20261111/NightIndexzh-cn2026-11-11T19:12:55+08:00人工智能（Artificial Intelligence，AI）基础设施扩张与回报检验并行 https://chase-dream.cn/digests/cn_macro-20261111-am/NightIndexzh-cn2026-11-11T08:04:00+08:00隔夜宏观：增量资金、外贸多元化与外部利率扰动 https://chase-dream.cn/en/digests/cn_macro-20261111-am/NightIndexen2026-11-11T08:04:00+08:00U.S. CPI Beats Keep December Hike Odds at 100%; China’s October Exports +35.2% Y/Y and A-Share ETF Inflows Exceed RMB590bn, but Bill Rates Stay at 0.5% and Joint-Venture Retail Drops 38% https://chase-dream.cn/digests/cn_macro-20261111/NightIndexzh-cn2026-11-11T19:05:53+08:00制度建设、金融开放与能源保障协同推进 https://chase-dream.cn/en/digests/cn_macro-20261111/NightIndexen2026-11-11T19:05:53+08:00Panda-Bond Access Broadens, Underwriter Consortia Targeted at 60/40 and Market-Traded Power Target Near 70% — Grid Security, Credit-Flow Audits and Compensation Rules Define Execution https://chase-dream.cn/digests/fed_macro-20261111-am/NightIndexzh-cn2026-11-11T08:01:30+08:00通胀超预期，市场完全押注12月加息 https://chase-dream.cn/en/digests/fed_macro-20261111-am/NightIndexen2026-11-11T08:01:30+08:00October CPI Beat Fully Prices a December Fed Hike, but 50 bp Probability Split Between 11.5% and 15.3% as the 10-Year Auction Stops at 5.020% — Inflation Meets a 2.46 Bid-to-Cover https://chase-dream.cn/en/digests/fed_macro-20261111/NightIndexen2026-11-11T19:03:30+08:00Core CPI's +0.3% m/m Surge Sends Reported December Hike Odds to 88-100%, but 25bp vs. 50bp Is the Fault Line https://chase-dream.cn/digests/fed_macro-20261111/NightIndexzh-cn2026-11-11T19:03:30+08:00通胀超预期，再加息押注升温 https://chase-dream.cn/en/digests/global_macro-20261111-am/NightIndexen2026-11-11T08:05:31+08:00European Bond Yields Jump as the UK 10-Year Hits 5.222% - Czech and Slovak PMs Reject Chancellor Merz’s Ukraine-Funding Demand https://chase-dream.cn/digests/global_macro-20261111-am/NightIndexzh-cn2026-11-11T08:05:31+08:00主权债券（sovereign bonds）收益率上行，欧洲央行（European Central Bank, ECB）聚焦通胀（inflation），日本央行（Bank of Japan, BOJ）转向加息节奏讨论 https://chase-dream.cn/digests/global_macro-20261111/NightIndexzh-cn2026-11-11T19:08:12+08:00英国加息争论与亚洲资产分化：全球紧缩交易再定价 https://chase-dream.cn/en/digests/global_macro-20261111/NightIndexen2026-11-11T19:08:12+08:00BoE’s 4% Hike Faces NIESR’s 5% Call and 4.4% Inflation Peak - Swiss 0% Outlook, BoJ Dilemma and Asian FX Weakness https://chase-dream.cn/digests/hormuz-20261111-am/NightIndexzh-cn2026-11-11T08:08:15+08:00霍尔木兹海峡风险再起：油轮遇袭与外交窗口并存 https://chase-dream.cn/en/digests/hormuz-20261111-am/NightIndexen2026-11-11T08:08:15+08:00IRGC Says Third Tanker Explodes as Hormuz Mine and Projectile Incidents Add Risk—Yet Brent Slips Below $90 and Global Oil Is Down ~20% From Its Peak: Ceasefire Hopes Still Lead https://chase-dream.cn/digests/hormuz-20261111/NightIndexzh-cn2026-11-11T19:10:14+08:00霍尔木兹海峡风险观察：外交缓和与通航僵局并存 https://chase-dream.cn/en/digests/hormuz-20261111/NightIndexen2026-11-11T19:10:14+08:00Two Tankers Reportedly Hit Mines as Oil Turns Higher After WTI’s >5% Slide: A 1.4 mb/d Surplus Meets a Still-Closed Strait https://chase-dream.cn/en/digests/industrial_metals-20261111-am/NightIndexen2026-11-11T08:16:01+08:00Lithium Touches CNY86,360/ton Year Low as Shanghai Aluminum's Loss Narrows From >3% to 2.74% - Loose Supply Expectations Meet Copper Concentrate Tightness https://chase-dream.cn/digests/industrial_metals-20261111-am/NightIndexzh-cn2026-11-11T08:16:01+08:00工业金属（industrial metals）隔夜普跌，铜铝领跌 https://chase-dream.cn/en/digests/industrial_metals-20261111/NightIndexen2026-11-11T19:19:44+08:00Tariff-Led Stockpiles Split Copper: LME Inventory Adds 3,050 Tons, COMEX Builds 61.9%, and Aluminum Hits a Record LME Low https://chase-dream.cn/digests/industrial_metals-20261111/NightIndexzh-cn2026-11-11T19:19:44+08:00铝库存续降、铜库存向美国集中，内外盘呈现分化 https://chase-dream.cn/digests/precious_metals-20261111-am/NightIndexzh-cn2026-11-11T08:13:30+08:00金银夜盘重挫，利率预期成定价主线 https://chase-dream.cn/en/digests/precious_metals-20261111-am/NightIndexen2026-11-11T08:13:30+08:00Hotter October U.S. CPI Sends Gold Below $4,015 and Silver to $51.29 as December Hike Pricing Firms — Central-Bank Demand Offers the Counterweight https://chase-dream.cn/digests/precious_metals-20261111/NightIndexzh-cn2026-11-11T19:17:37+08:00金银从急跌中反弹，市场重估加息路径 https://chase-dream.cn/en/digests/precious_metals-20261111/NightIndexen2026-11-11T19:17:37+08:00Hot CPI Sends Spot Gold Down 2.61%, Then a $4,060.87 Rebound and 2.70% Silver Jump Put Real Rates in Focus https://chase-dream.cn/en/digests/research-20261111-am/NightIndexen2026-11-11T08:11:46+08:00Fed Hawkish Tail Meets an AI Target-Cut Wave: A 25bp Hike Slips Later, While a 50bp Move Still Looks Unlikely — Selectivity Takes Over https://chase-dream.cn/digests/research-20261111-am/NightIndexzh-cn2026-11-11T08:11:46+08:00隔夜研究主线：利率、科技与A股配置 https://chase-dream.cn/digests/research-20261111/NightIndexzh-cn2026-11-11T19:16:05+08:00欧洲开盘复盘：应用落地提速，资金与能源定价分歧升温 https://chase-dream.cn/en/digests/research-20261111/NightIndexen2026-11-11T19:16:05+08:00March 2027 25bp Hike Call, $63 Brent and a 5GW AI Delay: Liquidity Tightening Meets Oil Oversupply and a 2028 Supply Gap