<p>（这里表达的观点是作者的观点，他是路透社的专栏作家。）</p>
<p>作者：迈克·多兰</p>
<p>1 月 29 日 -</p>
<p>今天美国和全球市场的重要动态 作者：迈克·多兰，财经与市场特约编辑</p>
<p>全球市场正在消化关于盈利、货币和政治方面的大量新信息——但它们的表现相对稳定。标准普尔 500 指数在周三短暂突破 7000 点，并看起来可能再次做到这一点。</p>
<p>美联储昨天的会议——以及决定维持利率不变——并没有打乱市场的现有看法。主席杰罗姆·鲍威尔在大多数关于美联储独立性的尖锐问题上避而不答。但现在所有的目光都转向了油市，因为美国与伊朗的紧张关系加剧。</p>
<p>我将在下面详细讨论这些内容。但首先，请查看我最新的专栏，讨论强势欧元如何可能从梦想变成欧洲的噩梦。并收听最新一期的《晨间投标》每日播客。订阅以收听路透社记者讨论市场和金融领域的重大新闻，每周七天。</p>
<p>混合的巨头和德黑兰的紧张局势 美国科技巨头在其人工智能支出激增中的不同命运在周三显现出来，随着巨头公司财报的发布。尽管 Meta 的股票在计划今年资本支出大幅增加 73% 后，隔夜上涨了 10%，但微软的股价因云计算业务的失望业绩下跌超过 6%。特斯拉上涨 2%，因为它将重点从下降的电动车销售转向人工智能支出和机器人出租车。苹果将在周四晚些时候发布财报。正如预期，美联储在周三维持利率不变，主席杰罗姆·鲍威尔提到 “明显改善” 的经济前景，并对劳动力市场的压力和超标的通胀表现得相对放松。他表示，任何新的宽松措施可能要到年中才会出现，将球抛给他即将结束任期的继任者。鲍威尔在被问及他的未来和特朗普政府发起的刑事调查时对记者保持沉默。然而，长期国债收益率继续小幅上升，关注点转向上涨的油价。由于美国与伊朗的军事紧张局势加剧，原油基准价格在周四上涨超过 1%。特朗普周三威胁伊朗，如果不达成核武器协议，将面临 “更糟糕” 的攻击，促使德黑兰做出强硬回应，称将 “前所未有” 地报复任何美国行动。据报道，特朗普正在考虑针对伊朗领导人和安全部队的定点打击选项，以激励重新抗议——根据两位美国消息人士的说法，目标是创造 “政权更替” 的条件。一位消息人士指出，特朗普尚未就军事行动做出最终决定。与此同时，贵金属在周四继续其天文般的上涨，黄金接近每盎司 5600 美元，白银触及每盎司 120 美元。1 月份以来，黄金价格已上涨超过 1000 美元。油价和黄金价格也受到本周美元在全球范围内暴跌的支持，尽管财政部长斯科特·贝森特昨天重申了美国政府略显模糊的 “强美元” 政策，美元在周四再次下跌。</p>
<p>今日图表</p>
<p>Meta 的股票在 12 月季度收入增长 24% 和超出预期的第一季度展望的推动下，隔夜上涨 10%，这帮助资助数据中心支出，预计今年将激增 87%，达到 1350 亿美元。然而，微软的股价因其业绩下跌 6%，因为其 Azure 云计算业务的增长略显失望，质疑其巨额的与人工智能相关的资本支出。</p>
<p>今天值得关注的事件</p>
<ul>
<li>美国 11 月贸易平衡（东部时间上午 8:30），修订后的第三季度劳动生产率（东部时间上午 8:30），每周失业救济申请（东部时间上午 8:30），11 月制造业新订单（东部时间上午 10:00）</li>
</ul>
<ul>
<li>美国 7 年期国债拍卖（东部时间中午 12:00）</li>
</ul>
<ul>
<li>中国国家主席习近平与英国首相基尔·斯塔默举行新闻发布会</li>
</ul>
<ul>
<li>美国企业财报：苹果、黑石、卡特彼勒、康卡斯特、道琼斯、霍尼韦尔、洛克希德·马丁、万事达、维萨</li>
</ul>
<p>想要每天早上在您的邮箱中收到《晨间投标》吗？请注册新闻通讯</p>
<p>这里</p>
<p>。</p>
<p>路透社网站</p>
<p>LinkedIn</p>
<p>X。表达的观点是作者的观点。它们不反映路透社新闻的观点，路透社新闻在信托原则下致力于诚信、独立和无偏见。</p>
<p>Meta 和微软的人工智能支出增长接近其极限</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.reuters.com/graphics/BRV-BRV/BRV-BRV/jnpwkdjydpw/chart.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1420" height="1046" original-src="https://imageproxy.pbkrs.com/https://www.reuters.com/graphics/BRV-BRV/BRV-BRV/jnpwkdjydpw/chart.png"/></p>
<p>（作者：迈克·多兰）</p>

Meta 财报，一站看懂！

<p>全球市场正在应对主要科技公司的混合财报，Meta 的股票因资本支出增加上涨 10%，而微软因云服务业绩不佳下跌 6%。美联储维持利率不变，表明经济前景稳定。与伊朗的紧张局势升级，特朗普总统威胁采取军事行动，影响油价。黄金和白银等贵金属价格飙升，受到美元走弱的支持。今天预计将发布关键经济数据和主要公司的财报</p>

<p>(The opinions expressed here are those of the author, a columnist for Reuters.)</p>
<div class="lb-trans"><p>（这里表达的观点是作者的观点，他是路透社的专栏作家。）</p>
</div><p>By Mike Dolan</p>
<div class="lb-trans"><p>作者：迈克·多兰</p>
</div><p>Jan 29 -</p>
<div class="lb-trans"><p>1 月 29 日 -</p>
</div><p>What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets</p>
<div class="lb-trans"><p>今天美国和全球市场的重要动态 作者：迈克·多兰，财经与市场特约编辑</p>
</div><p>Global markets are digesting a torrent of new information on the earnings, currency and political fronts – yet they are holding up reasonably well. The S&amp;P 500 eclipsed 7,000 points briefly on Wednesday and looks like it might do so again.</p>
<div class="lb-trans"><p>全球市场正在消化关于盈利、货币和政治方面的大量新信息——但它们的表现相对稳定。标准普尔 500 指数在周三短暂突破 7000 点，并看起来可能再次做到这一点。</p>
</div><p>The Federal Reserve meeting yesterday – and the decision to leave rates unchanged – did nothing to disturb the existing market view. Chair Jerome Powell sidestepped most of the edgy questions about Fed independence. But now all eyes look to the oil market as U.S. tensions with Iran heat up.</p>
<div class="lb-trans"><p>美联储昨天的会议——以及决定维持利率不变——并没有打乱市场的现有看法。主席杰罗姆·鲍威尔在大多数关于美联储独立性的尖锐问题上避而不答。但现在所有的目光都转向了油市，因为美国与伊朗的紧张关系加剧。</p>
</div><p>I’ll get into all that and more below. But first, check out my latest column on how a stronger euro could turn from a dream into a nightmare for Europe. And listen to the latest episode of the Morning Bid daily podcast. Subscribe to hear Reuters journalists discuss the biggest news in markets and finance seven days a week.</p>
<div class="lb-trans"><p>我将在下面详细讨论这些内容。但首先，请查看我最新的专栏，讨论强势欧元如何可能从梦想变成欧洲的噩梦。并收听最新一期的《晨间投标》每日播客。订阅以收听路透社记者讨论市场和金融领域的重大新闻，每周七天。</p>
</div><p>MIXED MEGACAPS AND TEHRAN TENSIONS The varying fortunes of U.S. tech giants amid their AI spending splurge became apparent on Wednesday as the megacap earnings releases got underway. While Meta’s stock surged as much as 10% overnight on plans for a whopping 73% increase in capital spending this year, Microsoft fell back more than 6% on disappointing results from its cloud computing business. Tesla was up 2% as it switched focus from ebbing EV sales to AI spending and robotaxis. Apple reports later on Thursday. As expected, the Federal Reserve left rates unchanged on Wednesday, with Chair Jerome Powell citing a “clearly improving” economic outlook and sounding relaxed about labor market strains and above-target inflation. He indicated that any renewed easing likely wouldn’t come until mid-year, lobbing the ball into his successor’s court as he approaches the end of his term as chair in May. Powell remained tight-lipped with reporters when asked about his future and the criminal probe launched by the Trump administration. Long-term Treasury yields continue to nudge higher, however, with attention turning to rising oil prices. Crude benchmarks rose more than 1% on Thursday on fresh U.S.-Iran military tensions. President Trump on Wednesday threatened Iran with a “far worse” attack if it does not make a deal on nuclear weapons, prompting a firm response from Tehran, which said it would retaliate “like never before” to any U.S. action. Trump is reportedly weighing options for targeted strikes against Iranian leaders and security forces to inspire renewed protests – with the objective, according to two U.S. sources, of creating conditions for “regime change”. One source noted that Trump has not yet made a final decision on military action. Meantime, precious metals continued their stratospheric rise on Thursday, with gold nearing $5,600 per ounce and silver touching $120 per ounce. Gold prices have risen over $1,000 so far in January. Both oil and gold are also supported by this week’s plunge in the dollar across the world, with the greenback ebbing again on Thursday despite Treasury Secretary Scott Bessent’s restatement of the U.S. government’s slightly ambiguous “strong dollar” policy yesterday.</p>
<div class="lb-trans"><p>混合的巨头和德黑兰的紧张局势 美国科技巨头在其人工智能支出激增中的不同命运在周三显现出来，随着巨头公司财报的发布。尽管 Meta 的股票在计划今年资本支出大幅增加 73% 后，隔夜上涨了 10%，但微软的股价因云计算业务的失望业绩下跌超过 6%。特斯拉上涨 2%，因为它将重点从下降的电动车销售转向人工智能支出和机器人出租车。苹果将在周四晚些时候发布财报。正如预期，美联储在周三维持利率不变，主席杰罗姆·鲍威尔提到 “明显改善” 的经济前景，并对劳动力市场的压力和超标的通胀表现得相对放松。他表示，任何新的宽松措施可能要到年中才会出现，将球抛给他即将结束任期的继任者。鲍威尔在被问及他的未来和特朗普政府发起的刑事调查时对记者保持沉默。然而，长期国债收益率继续小幅上升，关注点转向上涨的油价。由于美国与伊朗的军事紧张局势加剧，原油基准价格在周四上涨超过 1%。特朗普周三威胁伊朗，如果不达成核武器协议，将面临 “更糟糕” 的攻击，促使德黑兰做出强硬回应，称将 “前所未有” 地报复任何美国行动。据报道，特朗普正在考虑针对伊朗领导人和安全部队的定点打击选项，以激励重新抗议——根据两位美国消息人士的说法，目标是创造 “政权更替” 的条件。一位消息人士指出，特朗普尚未就军事行动做出最终决定。与此同时，贵金属在周四继续其天文般的上涨，黄金接近每盎司 5600 美元，白银触及每盎司 120 美元。1 月份以来，黄金价格已上涨超过 1000 美元。油价和黄金价格也受到本周美元在全球范围内暴跌的支持，尽管财政部长斯科特·贝森特昨天重申了美国政府略显模糊的 “强美元” 政策，美元在周四再次下跌。</p>
</div><p>Chart of the day</p>
<div class="lb-trans"><p>今日图表</p>
</div><p>Meta’s stocks surged 10% overnight as a 24% jump in revenue in the December quarter and a forecast-beating first quarter outlook helped fund data center spending, which is expected to rocket by 87% this year to $135 billion. Microsoft’s shares fell 6% on its results, however, as somewhat disappointing growth in its Azure cloud-computing business questioned its huge AI-related capital spending.</p>
<div class="lb-trans"><p>Meta 的股票在 12 月季度收入增长 24% 和超出预期的第一季度展望的推动下，隔夜上涨 10%，这帮助资助数据中心支出，预计今年将激增 87%，达到 1350 亿美元。然而，微软的股价因其业绩下跌 6%，因为其 Azure 云计算业务的增长略显失望，质疑其巨额的与人工智能相关的资本支出。</p>
</div><p>Today’s events to watch</p>
<div class="lb-trans"><p>今天值得关注的事件</p>
</div><ul>
<li>U.S. November trade balance (8:30 AM EST), revised Q3 labor productivity (8:30 AM EST), weekly jobless claims (8:30 AM EST), November manufacturers’ new orders (10:00 AM EST)</li>
</ul>
<div class="lb-trans"><ul>
<li>美国 11 月贸易平衡（东部时间上午 8:30），修订后的第三季度劳动生产率（东部时间上午 8:30），每周失业救济申请（东部时间上午 8:30），11 月制造业新订单（东部时间上午 10:00）</li>
</ul>
</div><ul>
<li>U.S. 7-year note auction (12:00 PM EST)</li>
</ul>
<div class="lb-trans"><ul>
<li>美国 7 年期国债拍卖（东部时间中午 12:00）</li>
</ul>
</div><ul>
<li>Chinese President Xi Jinping holds a press conference with British Prime Minister Keir Starmer</li>
</ul>
<div class="lb-trans"><ul>
<li>中国国家主席习近平与英国首相基尔·斯塔默举行新闻发布会</li>
</ul>
</div><ul>
<li>U.S. corporate earnings: Apple, Blackstone, Caterpillar, Comcast, Dow, Honeywell, Lockheed Martin, Mastercard, Visa</li>
</ul>
<div class="lb-trans"><ul>
<li>美国企业财报：苹果、黑石、卡特彼勒、康卡斯特、道琼斯、霍尼韦尔、洛克希德·马丁、万事达、维萨</li>
</ul>
</div><p>Want to receive the Morning Bid in your inbox every weekday morning? Sign up for the newsletter</p>
<div class="lb-trans"><p>想要每天早上在您的邮箱中收到《晨间投标》吗？请注册新闻通讯</p>
</div><p>here</p>
<div class="lb-trans"><p>这里</p>
</div><p>.</p>
<div class="lb-trans"><p>。</p>
</div><p>Reuters website</p>
<div class="lb-trans"><p>路透社网站</p>
</div><p>LinkedIn</p>
<div class="lb-trans"><p>LinkedIn</p>
</div><p>X. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.</p>
<div class="lb-trans"><p>X。表达的观点是作者的观点。它们不反映路透社新闻的观点，路透社新闻在信托原则下致力于诚信、独立和无偏见。</p>
</div><p>Meta and Microsoft’s AI spending growth approaches its limit</p>
<div class="lb-trans"><p>Meta 和微软的人工智能支出增长接近其极限</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.reuters.com/graphics/BRV-BRV/BRV-BRV/jnpwkdjydpw/chart.png" alt="" original-src="https://www.reuters.com/graphics/BRV-BRV/BRV-BRV/jnpwkdjydpw/chart.png"/></p>
<p>(By Mike Dolan)</p>
<div class="lb-trans"><p>（作者：迈克·多兰）</p>
</div>

MORNING BID AMERICAS-Mixed megacaps and Tehran tensions

- 全球市场消化财报和政治信息，S&P 500 一度突破 7,000 点。  
- 美联储会议保持利率不变，市场情绪未受扰动。  
- 由于美伊紧张局势，油价上涨，金价达到 $5,600 每盎司。

美洲早间竞标：巨头表现不一与德黑兰紧张局势