英镑/美元 (GBPUSD) 加自选

周一，美国股市期货上涨，有迹象表明，议员们即将达成协议，结束创纪录的长期政府停摆。参议院多数党领袖约翰·图恩周日表示，一项预算协议正在形成，可能会在1月之前重新开放政府，并扭转最近的一些联邦裁员。报道还表明，即使不延长医疗补贴，一些民主党人也可能支持该提案，尽管不确定性仍然很高。上周，道琼斯指数下跌1.21%，标准普尔500指数下跌1.63%，纳斯达克综合指数下跌3.04%，因为对人工智能估值过高的担忧引发了科技股的抛售。在企业新闻中，英伟达首席执行官黄仁勋表示，他要求台积电增加芯片供应，以满足激增的人工智能需求，而辉瑞同意以高达100亿美元的价格收购Metsera，击败诺和诺德。

US stock futures advanced on Monday amid signs that lawmakers are nearing a deal to end the record-long government shutdown. Senate Majority Leader John Thune said Sunday that a budget agreement is taking shape, potentially reopening the government through January and reversing some recent federal layoffs. Reports also indicated that some Democrats may back the proposal even without an extension of health care subsidies, though uncertainty remains high. Last week, the Dow lost 1.21%, the S&P 500 dropped 1.63%, and the Nasdaq Composite tumbled 3.04% as concerns over inflated AI valuations sparked a selloff in tech shares. In corporate news, Nvidia CEO Jensen Huang said he asked TSMC to boost chip supplies to meet surging AI demand, while Pfizer agreed to acquire Metsera for up to $10 billion, beating out Novo Nordisk.

指数周展望：科技股波动后，富时指数在英国数据公布前保持稳定。上周，科技板块暴跌，周五下跌的买家介入以挽救局面，帮助推动了华尔街的后期反弹。在欧洲，主要指数也从早些时候的低点回落，收盘持平或为正值。

Indices weekly outlook: FTSE holds steady ahead of UK data after tech volatility.Last week saw the technology sector take a plunge, before dip buyers stepped in on Friday to save the day, helping to fuel a late rally on Wall Street. In Europe, the major indices also came off their earlier lows to close either flat or in the positive.

下周：美元复苏乏力。市场对ADP私营部门的就业估计并不满意。尽管这是自7月以来的首次增长，但截至10月的三个月平均值为3.3万，为2020年8月以来的最低水平。

Week Ahead: Dollar Recovery Getting Tired.The markets were not impressed with the ADP private sector jobs estimate. Although it increased for the first time since July, the average over the three months through October was 3.3k, the weakest since August 2020.

美元走势喜忧参半，因人工智能泡沫担忧、美国政府关门和关税法庭案件相互冲突。这是全球市场又一个动荡的一周，更多的是未解决的宏观风险越来越大。由于美国政府仍处于停摆状态，大量关键经济报告缺失，投资者只能交易情绪而不是事实——周中情绪急剧转为负面。

Dollar Ends Mixed as AI Bubble Fears, US Shutdown, and Tariff Court Case Collide.It was another volatile week in global markets, defined less by fresh data and more by the growing weight of unresolved macro risks. With the U.S. government still in shutdown and a raft of key economic reports missing, investors were left to trade sentiment rather than facts — and sentiment turned sharply negative mid-week.