<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/nWcVSBsGJjXEzlJrTwECiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04MjM-/https://media.zenfs.com/en/afp.com.sg/8bc3444829e0e58c6e168deccac08ffe?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="768" height="509" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/nWcVSBsGJjXEzlJrTwECiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04MjM-/https://media.zenfs.com/en/afp.com.sg/8bc3444829e0e58c6e168deccac08ffe"/></p>
<p>交易者在圣诞假期前情绪乐观（Daniel ROLAND）</p>
<p>周二，股票市场延续全球反弹，而黄金和白银创下新高，因对美国进一步降息和缓解人工智能恐慌的乐观情绪帮助投资者以积极的心态迎接节日假期。</p>
<p>数据显示美国失业率上升和通胀放缓，为美联储降低借贷成本提供了更多空间，并在近期市场下滑后为市场注入了急需的活力。</p>
<p>这还受到美光科技发布的强劲财报的推动，重新激发了科技公司的活力。</p>
<p>由于对人工智能相关领域的巨大投资，该行业成为今年全球市场飙升至历史新高的关键驱动力，但这一交易在最近几个月受到质疑，引发了泡沫可能破裂的担忧。</p>
<p>由于华尔街缺乏推动上涨的催化剂，周一科技股再次成为买入的重点，芯片巨头英伟达和特斯拉领跑。</p>
<p>“投入人工智能的资金数量令人瞩目，” MCH Market Insights 的 Michael Hewson 写道。</p>
<p>他说，投入该行业的巨额资金 “不可避免地引发了关于这些资金将如何融资的问题，因为所有相关公司似乎都在进行一场现金投资的接力赛。”</p>
<p>“这些交易也引发了关于这些现金将如何产生长期投资回报的各种问题，” 他补充道。</p>
<p>“随着问题的提出……我们可能会开始更现实地了解谁是可能的赢家和输家，而输家可能会受到严厉惩罚。”</p>
<p>亚洲市场也享受到了更多的买入，东京、香港、上海、悉尼、新加坡、首尔、台北、惠灵顿和雅加达均大幅上涨。</p>
<p>在对美国进一步降息的预期推动下，贵金属价格也在不断上涨，这使得它们对投资者更具吸引力。</p>
<p>黄金价格接近每盎司 4500 美元，而白银价格接近每盎司 70 美元，美国对委内瑞拉的封锁和乌克兰冲突为此增添了地缘政治的复杂性。</p>
<p>“推动这两者在今年创下历史新高的结构性顺风仍然存在，无论是中央银行对黄金的需求，还是对白银的工业需求激增，” Saxo Markets 的 Neil Wilson 表示。</p>
<p>“最新的上涨是在上周美国的温和通胀和就业数据发布后出现的，这强化了对美联储明年政策放松的预期。地缘政治也是一个因素。”</p>
<p>油价下跌，周一因对华盛顿针对加拉加斯措施的担忧而上涨超过 2%。</p>
<p>美国已控制两艘油轮，并正在追逐第三艘，特朗普总统上周下令对前往和离开委内瑞拉的 “受制裁” 油轮实施封锁。</p>
<p>- 关键数据在格林威治标准时间 0230 左右 -</p>
<p>东京 - 日经 225 指数：上涨 0.1%，报 50,442.12（休市）</p>
<p>香港 - 恒生指数：上涨 0.2%，报 25,850.32</p>
<p>上海 - 综合指数：上涨 0.1%，报 3,922.71</p>
<p>美元/日元：下跌至 156.42 日元，较周一的 156.99 日元下跌</p>
<p>欧元/美元：上涨至 1.1776 美元，较 1.1756 美元上涨</p>
<p>英镑/美元：上涨至 1.3481 美元，较 1.3458 美元上涨</p>
<p>欧元/英镑：上涨至 87.36 便士，较 87.35 便士上涨</p>
<p>西德克萨斯中质油：下跌 0.1%，报每桶 57.94 美元</p>
<p>布伦特北海原油：下跌 0.1%，报每桶 62.00 美元</p>
<p>纽约 - 道琼斯指数：上涨 0.5%，报 48,362.68（收盘）</p>
<p>伦敦 - 富时 100 指数：下跌 0.3%，报 9,865.97（收盘）</p>
<p>dan/mtp</p>

英伟达

<p>亚洲市场因对美国降息的乐观情绪和缓解的人工智能担忧而上涨，提振了投资者信心。由于降息预期，贵金属价格创下历史新高。美国数据显示失业率上升和通胀放缓，为美联储降低借贷成本提供了空间。以英伟达和特斯拉为首的科技股推动了涨幅。地缘政治因素，包括美国对委内瑞拉的行动，影响了油价。东京、香港和上海的主要指数上涨，而油价略微下跌</p>

<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/nWcVSBsGJjXEzlJrTwECiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04MjM-/https://media.zenfs.com/en/afp.com.sg/8bc3444829e0e58c6e168deccac08ffe" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/nWcVSBsGJjXEzlJrTwECiQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD04MjM-/https://media.zenfs.com/en/afp.com.sg/8bc3444829e0e58c6e168deccac08ffe"/></p>
<p>Traders are in a bullish mood going into the Christmas break (Daniel ROLAND)</p>
<div class="lb-trans"><p>交易者在圣诞假期前情绪乐观（Daniel ROLAND）</p>
</div><p>Equities extended a global rally Tuesday, while gold and silver hit fresh records as optimism for more US interest rate cuts and an easing of AI fears helped investors prepare for the festive break on a positive note.</p>
<div class="lb-trans"><p>周二，股票市场延续全球反弹，而黄金和白银创下新高，因对美国进一步降息和缓解人工智能恐慌的乐观情绪帮助投资者以积极的心态迎接节日假期。</p>
</div><p>Data showing US unemployment rising and inflation slowing gave the Federal Reserve more room to lower borrowing costs and provided some much-needed pep to markets after a recent swoon.</p>
<div class="lb-trans"><p>数据显示美国失业率上升和通胀放缓，为美联储降低借贷成本提供了更多空间，并在近期市场下滑后为市场注入了急需的活力。</p>
</div><p>That was compounded by a blockbuster earnings report from Micron Technologies that reinvigorated tech firms.</p>
<div class="lb-trans"><p>这还受到美光科技发布的强劲财报的推动，重新激发了科技公司的活力。</p>
</div><p>The sector has been the key driver of a surge in world markets to all-time highs this year owing to huge investments into all things artificial intelligence but that trade has been questioned in recent months, sparking fears of a bubble that could pop.</p>
<div class="lb-trans"><p>由于对人工智能相关领域的巨大投资，该行业成为今年全球市场飙升至历史新高的关键驱动力，但这一交易在最近几个月受到质疑，引发了泡沫可能破裂的担忧。</p>
</div><p>With few catalysts to drive gains on Wall Street, tech was again at the forefront of buying Monday, with chip titan Nvidia and Tesla leading the way.</p>
<div class="lb-trans"><p>由于华尔街缺乏推动上涨的催化剂，周一科技股再次成为买入的重点，芯片巨头英伟达和特斯拉领跑。</p>
</div><p>&#34;The amount of money being thrown towards AI has been eye-watering,&#34; wrote Michael Hewson of MCH Market Insights.</p>
<div class="lb-trans"><p>“投入人工智能的资金数量令人瞩目，” MCH Market Insights 的 Michael Hewson 写道。</p>
</div><p>He said the vast sums pumped into the sector &#34;has inevitably raised questions as to how all of this will be financed, when all the companies involved appear to be playing a game of pass the parcel when it comes to cash investment&#34;.</p>
<div class="lb-trans"><p>他说，投入该行业的巨额资金 “不可避免地引发了关于这些资金将如何融资的问题，因为所有相关公司似乎都在进行一场现金投资的接力赛。”</p>
</div><p>&#34;These deals also raise all manner of questions about how this cash will generate a longer-term return on investment,&#34; he added.</p>
<div class="lb-trans"><p>“这些交易也引发了关于这些现金将如何产生长期投资回报的各种问题，” 他补充道。</p>
</div><p>&#34;With questions now being posed... we may start to get a more realistic picture of who the winners and losers are likely to be, with the losers likely to be punished heavily.&#34;</p>
<div class="lb-trans"><p>“随着问题的提出……我们可能会开始更现实地了解谁是可能的赢家和输家，而输家可能会受到严厉惩罚。”</p>
</div><p>Asian markets enjoyed more buying, with Tokyo, Hong Kong, Shanghai, Sydney, Singapore, Seoul, Taipei, Wellington and Jakarta all comfortably higher.</p>
<div class="lb-trans"><p>亚洲市场也享受到了更多的买入，东京、香港、上海、悉尼、新加坡、首尔、台北、惠灵顿和雅加达均大幅上涨。</p>
</div><p>Precious metals were also pushing ever higher on the back of expectations for more US rate cuts, which makes them more attractive to investors.</p>
<div class="lb-trans"><p>在对美国进一步降息的预期推动下，贵金属价格也在不断上涨，这使得它们对投资者更具吸引力。</p>
</div><p>Bullion was within a whisker of $4,500 per ounce, while silver was just short of $70 an ounce, with the US blockade against Venezuela and the Ukraine conflict adding a geopolitical twist.</p>
<div class="lb-trans"><p>黄金价格接近每盎司 4500 美元，而白银价格接近每盎司 70 美元，美国对委内瑞拉的封锁和乌克兰冲突为此增添了地缘政治的复杂性。</p>
</div><p>&#34;The structural tailwinds that have driven both of these to record highs this year persist, be it central bank demand for gold or surging industrial demand for silver,&#34; said Neil Wilson at Saxo Markets.</p>
<div class="lb-trans"><p>“推动这两者在今年创下历史新高的结构性顺风仍然存在，无论是中央银行对黄金的需求，还是对白银的工业需求激增，” Saxo Markets 的 Neil Wilson 表示。</p>
</div><p>&#34;The latest surge comes after soft inflation and employment readings in the US last week, which reinforced expectations around the Fed's policy easing next year. Geopolitics remains a factor, too.&#34;</p>
<div class="lb-trans"><p>“最新的上涨是在上周美国的温和通胀和就业数据发布后出现的，这强化了对美联储明年政策放松的预期。地缘政治也是一个因素。”</p>
</div><p>Oil prices dipped, having jumped more than two percent Monday on concerns about Washington's measures against Caracas.</p>
<div class="lb-trans"><p>油价下跌，周一因对华盛顿针对加拉加斯措施的担忧而上涨超过 2%。</p>
</div><p>The United States has taken control of two oil tankers and is chasing a third, after President Donald Trump last week ordered a blockade of &#34;sanctioned&#34; tankers heading to and leaving Venezuela.</p>
<div class="lb-trans"><p>美国已控制两艘油轮，并正在追逐第三艘，特朗普总统上周下令对前往和离开委内瑞拉的 “受制裁” 油轮实施封锁。</p>
</div><p>- Key figures at around 0230 GMT -</p>
<div class="lb-trans"><p>- 关键数据在格林威治标准时间 0230 左右 -</p>
</div><p>Tokyo - Nikkei 225: UP 0.1 percent at 50,442.12 (break)</p>
<div class="lb-trans"><p>东京 - 日经 225 指数：上涨 0.1%，报 50,442.12（休市）</p>
</div><p>Hong Kong - Hang Seng Index: UP 0.2 percent at 25,850.32</p>
<div class="lb-trans"><p>香港 - 恒生指数：上涨 0.2%，报 25,850.32</p>
</div><p>Shanghai - Composite: UP 0.1 percent at 3,922.71</p>
<div class="lb-trans"><p>上海 - 综合指数：上涨 0.1%，报 3,922.71</p>
</div><p>Dollar/yen: DOWN at 156.42 yen from 156.99 yen on Monday</p>
<div class="lb-trans"><p>美元/日元：下跌至 156.42 日元，较周一的 156.99 日元下跌</p>
</div><p>Euro/dollar: UP at $1.1776 from $1.1756</p>
<div class="lb-trans"><p>欧元/美元：上涨至 1.1776 美元，较 1.1756 美元上涨</p>
</div><p>Pound/dollar: UP at $1.3481 from $1.3458</p>
<div class="lb-trans"><p>英镑/美元：上涨至 1.3481 美元，较 1.3458 美元上涨</p>
</div><p>Euro/pound: UP at 87.36 pence from 87.35 pence</p>
<div class="lb-trans"><p>欧元/英镑：上涨至 87.36 便士，较 87.35 便士上涨</p>
</div><p>West Texas Intermediate: DOWN 0.1 percent at $57.94 per barrel</p>
<div class="lb-trans"><p>西德克萨斯中质油：下跌 0.1%，报每桶 57.94 美元</p>
</div><p>Brent North Sea Crude: DOWN 0.1 percent at $62.00 per barrel</p>
<div class="lb-trans"><p>布伦特北海原油：下跌 0.1%，报每桶 62.00 美元</p>
</div><p>New York - Dow: UP 0.5 percent at 48,362.68 (close)</p>
<div class="lb-trans"><p>纽约 - 道琼斯指数：上涨 0.5%，报 48,362.68（收盘）</p>
</div><p>London - FTSE 100: DOWN 0.3 percent at 9,865.97 (close)</p>
<div class="lb-trans"><p>伦敦 - 富时 100 指数：下跌 0.3%，报 9,865.97（收盘）</p>
</div><p>dan/mtp</p>
<div class="lb-trans"><p>dan/mtp</p>
</div>

Asian markets rally again as rate cut hopes bring Christmas cheer

- 全球股市在圣诞假期前继续上涨，金银价格创新高。  
- 美国失业率上升和通胀放缓为美联储降息提供空间。  
- 市场对科技股需求强劲，Nvidia 和特斯拉领涨。

由于降息的预期带来了圣诞节的喜悦，亚洲市场再次上涨