<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>圖片來源：Pixabay</em></p>
<ul>
<li>亞洲市場低迷，導致歐洲開盤疲軟</li>
<li>美國的孤立主義和擴張主義持續</li>
<li>在昨日疲弱的 ADP 數據發佈後，關注就業情況</li>
</ul>
<p>歐洲交易的開局大體低迷，繼亞洲市場的陰鬱表現後，日經 225 指數和恒生指數均下跌超過 1%。然而，韓國的一個樂觀領域是，科技巨頭三星預計由於人工智能推動的內存芯片需求，第四季度的收益將遠超預期。初步收益顯示，運營利潤是去年同期的三倍以上。這是在美國市場的背景下，科技股成為唯一的強勢領域，微軟、英偉達、英特爾、谷歌和 Palantir 的上漲幫助穩定了被其他幾乎所有行業拖低的指數。</p>
<p>特朗普政府的新聞不斷湧現，美國退出了 66 個國際組織，包括 31 個聯合國實體。許多組織與移民、氣候、平等、教育和自然棲息地保護相關。值得注意的是，這延續了美國與全球夥伴基本脱鈎的主題，變得越來越孤立，讓其他西方盟友獨自應對這些問題。推進從北約盟友手中奪取格林蘭的計劃，突顯了對現狀的漠視。相反，特朗普推進了一種利用美國經濟和軍事力量從朋友和敵人那裏獲取土地和資產的方式。對於投資者來説，值得注意的是，美國企業並未免受特朗普擴張思維的影響，總統似乎尋求成為一個控制公共和私營部門的全能領導者。決定暫停對國防公司回購和分紅的打壓，旨在提高軍事產出，但可能導致的決策更符合總統的願望而非股東的利益。</p>
<p>今天的經濟日曆繼續關注美國就業，交易者耐心等待明天的就業報告。昨日發佈的 ADP 就業數據，顯示出 41,000 的低於預期的數字，伴隨着製造業、IT 和專業服務工作的收縮。儘管特朗普努力刺激美國製造業的復甦，但最近幾個月的就業增長几乎完全由健康和教育驅動，經濟其他領域的持續收縮可能會引起美聯儲的擔憂。由於 3 月份降息幾乎已被市場定價為 50/50，明天的就業報告如果出現任何特別強勁的偏離預期，可能會成為市場動盪的基礎。</p>
<hr/>
<p><em>更多來自此作者的文章：</em></p>
<p>隨着委內瑞拉產量現實的顯現，油價上漲</p>
<p>美國 GDP、耐用品和消費者信心數據即將發佈</p>
<p>隨着對委內瑞拉和伊朗的擔憂加劇，油價上漲</p>

<p>美國的孤立主義和擴張主義持續進行，特朗普政府退出了 66 個國際組織，影響了全球合作關係。歐洲交易開局疲軟，繼亞洲市場表現不佳後，主要指數出現顯著下跌。然而，由於人工智能驅動的內存芯片需求，三星的強勁盈利預測帶來了一些樂觀情緒。市場的關注仍然集中在美國就業上，ADP 就業數據低於預期，引發了對明天就業報告的擔憂，這可能會影響市場走勢。經濟形勢顯示，工作崗位主要集中在健康和教育領域，而其他行業則出現收縮</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>圖片來源：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>亞洲市場低迷，導致歐洲開盤疲軟</li>
<li>美國的孤立主義和擴張主義持續</li>
<li>在昨日疲弱的 ADP 數據發佈後，關注就業情況</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>歐洲交易的開局大體低迷，繼亞洲市場的陰鬱表現後，日經 225 指數和恒生指數均下跌超過 1%。然而，韓國的一個樂觀領域是，科技巨頭三星預計由於人工智能推動的內存芯片需求，第四季度的收益將遠超預期。初步收益顯示，運營利潤是去年同期的三倍以上。這是在美國市場的背景下，科技股成為唯一的強勢領域，微軟、英偉達、英特爾、谷歌和 Palantir 的上漲幫助穩定了被其他幾乎所有行業拖低的指數。</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>特朗普政府的新聞不斷湧現，美國退出了 66 個國際組織，包括 31 個聯合國實體。許多組織與移民、氣候、平等、教育和自然棲息地保護相關。值得注意的是，這延續了美國與全球夥伴基本脱鈎的主題，變得越來越孤立，讓其他西方盟友獨自應對這些問題。推進從北約盟友手中奪取格林蘭的計劃，突顯了對現狀的漠視。相反，特朗普推進了一種利用美國經濟和軍事力量從朋友和敵人那裏獲取土地和資產的方式。對於投資者來説，值得注意的是，美國企業並未免受特朗普擴張思維的影響，總統似乎尋求成為一個控制公共和私營部門的全能領導者。決定暫停對國防公司回購和分紅的打壓，旨在提高軍事產出，但可能導致的決策更符合總統的願望而非股東的利益。</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>今天的經濟日曆繼續關注美國就業，交易者耐心等待明天的就業報告。昨日發佈的 ADP 就業數據，顯示出 41,000 的低於預期的數字，伴隨着製造業、IT 和專業服務工作的收縮。儘管特朗普努力刺激美國製造業的復甦，但最近幾個月的就業增長几乎完全由健康和教育驅動，經濟其他領域的持續收縮可能會引起美聯儲的擔憂。由於 3 月份降息幾乎已被市場定價為 50/50，明天的就業報告如果出現任何特別強勁的偏離預期，可能會成為市場動盪的基礎。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多來自此作者的文章：</em></p>
</div><p>Oil Prices Rise As Reality Around Venezuelan Output Kicks In</p>
<div class="lb-trans"><p>隨着委內瑞拉產量現實的顯現，油價上漲</p>
</div><p>US GDP, Durable Goods, And Consumer Confidence Due</p>
<div class="lb-trans"><p>美國 GDP、耐用品和消費者信心數據即將發佈</p>
</div><p>Oil Gains As Venezuela And Iran Fears Grow</p>
<div class="lb-trans"><p>隨着對委內瑞拉和伊朗的擔憂加劇，油價上漲</p>
</div>

美國的孤立主義和擴張主義仍在繼續