<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/08/image-69-1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1152" height="720" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/08/image-69-1.png"/></p>
<p>美国股市在周一以谨慎的态度开启新的一周，主要指数在近期上涨后徘徊在平盘附近。</p>
<p>交易者将注意力转向本周晚些时候的一系列零售财报和美联储的评论。</p>
<p>道琼斯工业平均指数、标准普尔 500 指数和纳斯达克综合指数在早盘交易中几乎没有变化，在连续两个上涨周后有所回落。</p>
<p>标准普尔 500 指数和纳斯达克在过去五周中已有四周上涨，而小型股在上周的反弹中表现突出，市场预期未来利率将下降。</p>
<p>人们的注意力也转向了零售巨头，家得宝、Lowe’s、沃尔玛和塔吉特本周将公布财报。</p>
<p>投资者希望通过这些财报获取消费者支出在利率环境变化中的韧性信号。</p>
<p>美联储仍然是市场情绪的中心，主席杰罗姆·鲍威尔定于本周晚些时候在杰克逊霍尔经济研讨会上发言。</p>
<p>根据 CME 的 FedWatch 工具，联邦基金期货目前暗示美联储在 9 月政策会议上降息的概率接近 85%。</p>
<h2>分析师上调标准普尔 500 目标</h2>
<p>富国银行投资研究所上调了标准普尔 500 指数的年终预测，原因是美国决定推迟今年早些时候宣布的许多关税。</p>
<p>该银行现在预计该指数将在 2025 年结束时位于 6300 至 6500 区间，目标中点为 6400。</p>
<p>这高于策略师达雷尔·克朗克之前的预测，即 5900 至 6100。</p>
<p>富国银行在周五给客户的报告中表示，较温和的关税安排应能减轻企业盈利和消费者支出的压力，持续到今年剩余时间。</p>
<p>“我们认为，推迟的关税增加将缓解今年美国经济增长放缓，并将软着陆延续到 2026 年初，” 该公司写道。</p>
<p>该银行补充说，虽然前期减税和放松管制将在 2025 年初提升活动，但分阶段的关税实施将减缓通胀影响，直到今年晚些时候和 2026 年。</p>
<h2>乌克兰 - 俄罗斯和平协议</h2>
<p>特朗普总统与俄罗斯总统普京在阿拉斯加的峰会于周五结束，未能达成停火，但美国官员坚称已取得进展。</p>
<p>美国特使史蒂夫·维特科夫表示，普京已同意允许美国和欧洲盟国向乌克兰提供 “类似于第五条保护” 的保障，指的是北约的集体防御条款。</p>
<p>如果这一举措得到正式确认，将标志着基辅安全保障的重大转变。</p>
<p>不过，国务卿马尔科·鲁比奥警告称，全面和平协议仍然遥不可及，称协议 “仍然任重道远”。</p>
<p>注意力现在转向华盛顿，特朗普定于周一接待乌克兰总统泽连斯基及几位欧洲领导人，进一步讨论战争和潜在的安全安排。</p>
<p>美国股市平开，乌克兰和平谈判和鲍威尔演讲成为焦点，首发于 Invezz。</p>

富国银行

<p>美国股市谨慎开盘，主要指数接近平盘，因近期有所上涨。市场关注即将公布的零售财报和美联储的评论。富国银行的分析师将标准普尔 500 指数年末预测上调至 6,400，理由是延迟的关税减轻了企业盈利的压力。与此同时，美俄和平谈判取得进展，乌克兰可能获得安全保障，尽管全面协议仍然遥遥无期。特朗普总统将与乌克兰总统泽连斯基及欧洲领导人举行讨论</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/08/image-69-1.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/08/image-69-1.png"/></p>
<p>US stocks opened the week on a cautious note on Monday, with the major averages hovering near the flatline after recent gains.</p>
<div class="lb-trans"><p>美国股市在周一以谨慎的态度开启新的一周，主要指数在近期上涨后徘徊在平盘附近。</p>
</div><p>Traders shifted focus to a slate of retail earnings and commentary from the Federal Reserve later this week.</p>
<div class="lb-trans"><p>交易者将注意力转向本周晚些时候的一系列零售财报和美联储的评论。</p>
</div><p>The Dow Jones Industrial Average, S&amp;P 500, and Nasdaq Composite were all little changed in early trading, cooling off after two consecutive winning weeks.</p>
<div class="lb-trans"><p>道琼斯工业平均指数、标准普尔 500 指数和纳斯达克综合指数在早盘交易中几乎没有变化，在连续两个上涨周后有所回落。</p>
</div><p>The S&amp;P 500 and Nasdaq have now advanced in four of the past five weeks, while small-cap stocks led last week’s rally on expectations of lower interest rates ahead.</p>
<div class="lb-trans"><p>标准普尔 500 指数和纳斯达克在过去五周中已有四周上涨，而小型股在上周的反弹中表现突出，市场预期未来利率将下降。</p>
</div><p>Attention is also turning to retail giants, with Home Depot, Lowe’s, Walmart, and Target set to report results this week.</p>
<div class="lb-trans"><p>人们的注意力也转向了零售巨头，家得宝、Lowe’s、沃尔玛和塔吉特本周将公布财报。</p>
</div><p>Investors are looking to these earnings for signals on the resilience of consumer spending amid a shifting rate environment.</p>
<div class="lb-trans"><p>投资者希望通过这些财报获取消费者支出在利率环境变化中的韧性信号。</p>
</div><p>The Federal Reserve remains at the centre of market sentiment, with Chair Jerome Powell scheduled to speak at the Jackson Hole economic symposium later this week.</p>
<div class="lb-trans"><p>美联储仍然是市场情绪的中心，主席杰罗姆·鲍威尔定于本周晚些时候在杰克逊霍尔经济研讨会上发言。</p>
</div><p>Fed funds futures currently imply nearly an 85% chance of a rate cut at the central bank’s September policy meeting, according to CME’s FedWatch tool.</p>
<div class="lb-trans"><p>根据 CME 的 FedWatch 工具，联邦基金期货目前暗示美联储在 9 月政策会议上降息的概率接近 85%。</p>
</div><h2>Analysts raise S&amp;P 500 target</h2>
<div class="lb-trans"><h2>分析师上调标准普尔 500 目标</h2>
</div><p>Wells Fargo’s Investment Institute raised its year-end forecast for the S&amp;P 500, citing relief from the US decision to delay many of the tariffs announced earlier this year.</p>
<div class="lb-trans"><p>富国银行投资研究所上调了标准普尔 500 指数的年终预测，原因是美国决定推迟今年早些时候宣布的许多关税。</p>
</div><p>The bank now expects the index to finish 2025 in the 6,300–6,500 range, with a midpoint target of 6,400.</p>
<div class="lb-trans"><p>该银行现在预计该指数将在 2025 年结束时位于 6300 至 6500 区间，目标中点为 6400。</p>
</div><p>That’s higher than strategist Darrell Cronk’s previous call of 5,900–6,100.</p>
<div class="lb-trans"><p>这高于策略师达雷尔·克朗克之前的预测，即 5900 至 6100。</p>
</div><p>In a note to clients on Friday, Wells Fargo said the softer tariff schedule should ease pressure on corporate earnings and consumer spending through the rest of the year.</p>
<div class="lb-trans"><p>富国银行在周五给客户的报告中表示，较温和的关税安排应能减轻企业盈利和消费者支出的压力，持续到今年剩余时间。</p>
</div><p>“We believe delayed tariff increases will mitigate this year’s US economic growth slowdown and extend the soft patch into early 2026,” the firm wrote.</p>
<div class="lb-trans"><p>“我们认为，推迟的关税增加将缓解今年美国经济增长放缓，并将软着陆延续到 2026 年初，” 该公司写道。</p>
</div><p>The bank added that while frontloaded tax cuts and deregulation will lift activity in early 2025, the staggered tariff rollout will temper inflationary effects until later in the year and into 2026.</p>
<div class="lb-trans"><p>该银行补充说，虽然前期减税和放松管制将在 2025 年初提升活动，但分阶段的关税实施将减缓通胀影响，直到今年晚些时候和 2026 年。</p>
</div><h2>The Ukraine-Russia peace deal</h2>
<div class="lb-trans"><h2>乌克兰 - 俄罗斯和平协议</h2>
</div><p>President Donald Trump’s summit with Russian President Vladimir Putin in Alaska on Friday concluded without a ceasefire, but US officials insisted progress had been made.</p>
<div class="lb-trans"><p>特朗普总统与俄罗斯总统普京在阿拉斯加的峰会于周五结束，未能达成停火，但美国官员坚称已取得进展。</p>
</div><p>Steve Witkoff, the US special envoy, said Putin had agreed to allow the US and European allies to extend “Article 5-like protection” to Ukraine, a reference to NATO’s collective defence clause.</p>
<div class="lb-trans"><p>美国特使史蒂夫·维特科夫表示，普京已同意允许美国和欧洲盟国向乌克兰提供 “类似于第五条保护” 的保障，指的是北约的集体防御条款。</p>
</div><p>The move, if formalised, would mark a significant shift in security guarantees for Kyiv.</p>
<div class="lb-trans"><p>如果这一举措得到正式确认，将标志着基辅安全保障的重大转变。</p>
</div><p>Still, Secretary of State Marco Rubio cautioned that a comprehensive peace deal remained elusive, saying an agreement was “still a long way off.”</p>
<div class="lb-trans"><p>不过，国务卿马尔科·鲁比奥警告称，全面和平协议仍然遥不可及，称协议 “仍然任重道远”。</p>
</div><p>Attention now shifts to Washington, where Trump is scheduled to host Ukrainian President Volodymyr Zelenskyy on Monday, alongside several European leaders, for further discussions on the war and potential security arrangements.</p>
<div class="lb-trans"><p>注意力现在转向华盛顿，特朗普定于周一接待乌克兰总统泽连斯基及几位欧洲领导人，进一步讨论战争和潜在的安全安排。</p>
</div><p>The post US stocks open flat as Ukraine peace talks, Powell speech take centre stage appeared first on Invezz</p>
<div class="lb-trans"><p>美国股市平开，乌克兰和平谈判和鲍威尔演讲成为焦点，首发于 Invezz。</p>
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美国股市开盘持平，乌克兰和平谈判和鲍威尔的讲话成为关注的焦点