<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2018/03/11/09/11/time-3216252_960_720.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="384" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2018/03/11/09/11/time-3216252_960_720.jpg"/></p>
<p><em>图片来源：Pixabay</em></p>
<ul>
<li>亚洲市场低迷，导致欧洲开盘疲软</li>
<li>美国的孤立主义和扩张主义持续</li>
<li>在昨日疲弱的 ADP 数据发布后，关注就业情况</li>
</ul>
<p>欧洲交易的开局大体低迷，继亚洲市场的阴郁表现后，日经 225 指数和恒生指数均下跌超过 1%。然而，韩国的一个乐观领域是，科技巨头三星预计由于人工智能推动的内存芯片需求，第四季度的收益将远超预期。初步收益显示，运营利润是去年同期的三倍以上。这是在美国市场的背景下，科技股成为唯一的强势领域，微软、英伟达、英特尔、谷歌和 Palantir 的上涨帮助稳定了被其他几乎所有行业拖低的指数。</p>
<p>特朗普政府的新闻不断涌现，美国退出了 66 个国际组织，包括 31 个联合国实体。许多组织与移民、气候、平等、教育和自然栖息地保护相关。值得注意的是，这延续了美国与全球伙伴基本脱钩的主题，变得越来越孤立，让其他西方盟友独自应对这些问题。推进从北约盟友手中夺取格林兰的计划，突显了对现状的漠视。相反，特朗普推进了一种利用美国经济和军事力量从朋友和敌人那里获取土地和资产的方式。对于投资者来说，值得注意的是，美国企业并未免受特朗普扩张思维的影响，总统似乎寻求成为一个控制公共和私营部门的全能领导者。决定暂停对国防公司回购和分红的打压，旨在提高军事产出，但可能导致的决策更符合总统的愿望而非股东的利益。</p>
<p>今天的经济日历继续关注美国就业，交易者耐心等待明天的就业报告。昨日发布的 ADP 就业数据，显示出 41,000 的低于预期的数字，伴随着制造业、IT 和专业服务工作的收缩。尽管特朗普努力刺激美国制造业的复苏，但最近几个月的就业增长几乎完全由健康和教育驱动，经济其他领域的持续收缩可能会引起美联储的担忧。由于 3 月份降息几乎已被市场定价为 50/50，明天的就业报告如果出现任何特别强劲的偏离预期，可能会成为市场动荡的基础。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>随着委内瑞拉产量现实的显现，油价上涨</p>
<p>美国 GDP、耐用品和消费者信心数据即将发布</p>
<p>随着对委内瑞拉和伊朗的担忧加剧，油价上涨</p>

<p>美国的孤立主义和扩张主义持续进行，特朗普政府退出了 66 个国际组织，影响了全球合作关系。欧洲交易开局疲软，继亚洲市场表现不佳后，主要指数出现显著下跌。然而，由于人工智能驱动的内存芯片需求，三星的强劲盈利预测带来了一些乐观情绪。市场的关注仍然集中在美国就业上，ADP 就业数据低于预期，引发了对明天就业报告的担忧，这可能会影响市场走势。经济形势显示，工作岗位主要集中在健康和教育领域，而其他行业则出现收缩</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2018/03/11/09/11/time-3216252_960_720.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2018/03/11/09/11/time-3216252_960_720.jpg"/></p>
<p><em>Image Source: Pixabay</em></p>
<div class="lb-trans"><p><em>图片来源：Pixabay</em></p>
</div><ul>
<li>Downbeat Asian session leads to weak European open</li>
<li>US isolationism and expansionism continues</li>
<li>Jobs focus continues after yesterday's weak ADP release</li>
</ul>
<div class="lb-trans"><ul>
<li>亚洲市场低迷，导致欧洲开盘疲软</li>
<li>美国的孤立主义和扩张主义持续</li>
<li>在昨日疲弱的 ADP 数据发布后，关注就业情况</li>
</ul>
</div><p>A largely downbeat start to trade in Europe follows on from a dour session in Asia, with the Nikkei 225 and Hang Seng both losing over 1%. However, one area of optimism came in Korea, where tech giant Samsung expect to see fourth quarter earnings well above estimates thanks to the AI-led surge in memory chips. Preliminary earnings saw operating profits more than triple the level seen just a year ago. This comes off the back of a US session that by and large saw tech provide the only area of strength, with gains for Microsoft, Nvidia, Intel, Alphabet, and Palantir helping to stabilise the indices that were dragged lower by essentially every other sector.</p>
<div class="lb-trans"><p>欧洲交易的开局大体低迷，继亚洲市场的阴郁表现后，日经 225 指数和恒生指数均下跌超过 1%。然而，韩国的一个乐观领域是，科技巨头三星预计由于人工智能推动的内存芯片需求，第四季度的收益将远超预期。初步收益显示，运营利润是去年同期的三倍以上。这是在美国市场的背景下，科技股成为唯一的强势领域，微软、英伟达、英特尔、谷歌和 Palantir 的上涨帮助稳定了被其他几乎所有行业拖低的指数。</p>
</div><p>The headlines continue to come thick and fast from the Trump Administration, with the US withdrawing from 66 international organizations, including 31 United Nations entities. Many of them related to migration, climate, equality, education, and the protection of natural habitat. Notably, this continues a theme that sees the US essentially decouple from its global partners, becoming increasingly isolated and leaving the rest of their western allies to deal with these issues by themselves. The decision to push ahead with plans to take Greenland from their fellow Nato allies does highlight a disregard for the status quo. Instead, Trump pushes ahead with an approach that leverages the US’ economic and military might to grab land and assets from both friend and foe alike. For investors, it is notable that US businesses are not immune from Trump’s expansive mindset, with the President seemingly seeking to become the all-encompassing leader that controls both the public and private sector alike. The decision to halt crackdown on buybacks and dividends within defence firms does seek to raise military output but risks decision-making that is more aligned to the Presidents desires than the shareholders.</p>
<div class="lb-trans"><p>特朗普政府的新闻不断涌现，美国退出了 66 个国际组织，包括 31 个联合国实体。许多组织与移民、气候、平等、教育和自然栖息地保护相关。值得注意的是，这延续了美国与全球伙伴基本脱钩的主题，变得越来越孤立，让其他西方盟友独自应对这些问题。推进从北约盟友手中夺取格林兰的计划，突显了对现状的漠视。相反，特朗普推进了一种利用美国经济和军事力量从朋友和敌人那里获取土地和资产的方式。对于投资者来说，值得注意的是，美国企业并未免受特朗普扩张思维的影响，总统似乎寻求成为一个控制公共和私营部门的全能领导者。决定暂停对国防公司回购和分红的打压，旨在提高军事产出，但可能导致的决策更符合总统的愿望而非股东的利益。</p>
</div><p>Today’s economic calendar continues to focus on US jobs, with traders waiting patiently for tomorrow’s jobs report. Yesterday saw the ADP payrolls release, with a weaker-than-expected figure of 41k coming amid a contraction in manufacturing, IT, and professional services jobs. Despite Trump’s efforts to spark a resurgence in US manufacturing, job creation appears to be almost entirely driven by health and education over recent months, with the ongoing contraction of jobs elsewhere in the economy likely to raise concerns at the Fed. With a March rate cut essentially priced in as a coin-toss, tomorrows jobs report does provide the basis for a potential market-moving event if we see any particularly strong deviation from expectations.</p>
<div class="lb-trans"><p>今天的经济日历继续关注美国就业，交易者耐心等待明天的就业报告。昨日发布的 ADP 就业数据，显示出 41,000 的低于预期的数字，伴随着制造业、IT 和专业服务工作的收缩。尽管特朗普努力刺激美国制造业的复苏，但最近几个月的就业增长几乎完全由健康和教育驱动，经济其他领域的持续收缩可能会引起美联储的担忧。由于 3 月份降息几乎已被市场定价为 50/50，明天的就业报告如果出现任何特别强劲的偏离预期，可能会成为市场动荡的基础。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>Oil Prices Rise As Reality Around Venezuelan Output Kicks In</p>
<div class="lb-trans"><p>随着委内瑞拉产量现实的显现，油价上涨</p>
</div><p>US GDP, Durable Goods, And Consumer Confidence Due</p>
<div class="lb-trans"><p>美国 GDP、耐用品和消费者信心数据即将发布</p>
</div><p>Oil Gains As Venezuela And Iran Fears Grow</p>
<div class="lb-trans"><p>随着对委内瑞拉和伊朗的担忧加剧，油价上涨</p>
</div>

美国的孤立主义和扩张主义仍在继续