周一，标准普尔/多伦多证交所综合指数徘徊在24140点的水平以下，在美国和加拿大数据密集的一周中从历史高点回落，而主要矿业股的跌幅超过了能源板块的支撑。投资者预计美国关键通胀数据将衡量价格压力的进展及其对美联储11月利率决定的潜在影响。本周晚些时候，国内劳动力数据有望为加拿大央行下一次降息的程度提供见解。与此同时，金价和铜价下跌对权重股Agnico、Barrick gold、Franco Nevada和艾芬豪造成压力，跌幅在1.3%至2.3%之间。此外，电子商务巨头Shopify下跌1.3%。相比之下，油价上涨提振了能源生产商森科尔、帝国石油、加拿大天然气和Cenovus，涨幅在1%至1.6%之间。

The S&P/TSX Composite Index hovered below the flatline at the 24,140 level on Monday, retreating from a record high amid a data-heavy week for both the US and Canada, while losses in major mining equities outweighed support from the energy sector. Investors are anticipating key US inflation data to gauge the progress of price pressures and its potential impact on the Federal Reserve’s November interest rate decision. Later in the week, domestic labor data is expected to offer insights into the degree of the Bank of Canada’s next rate reduction. Meanwhile, lower gold and copper prices weighed on heavyweights Agnico, Barrick Gold, Franco-Nevada, and Ivanhoe, with losses between 1.3% and 2.3%. Additionally, e-commerce giant Shopify lost 1.3%. In contrast, rising oil prices boosted energy producers Suncor, Imperial Oil, Canadian Natural, and Cenovus, which gained between 1% and 1.6%.

美国股市本周开盘下跌，标准普尔500指数和纳斯达克指数均下跌0.3%，道琼斯指数下跌200点，此前周五公布的就业报告好于预期，股市强劲上涨。交易员现在等待本周公布的关键CPI和PPI数据，以评估价格压力的演变情况。市场认为，美联储在11月降息25个基点的可能性接近84%，而不是再次大幅降息50个基点。与此同时，本周晚些时候，随着摩根大通、富国银行和纽约梅隆银行的报告，财报季即将拉开帷幕。非必需消费品、房地产和公用事业表现不佳，而能源板块上涨。大型股涨跌互现，苹果（-1.1%）和亚马逊（-2.4%）下跌，而英伟达（2%）和Meta（0.8%）处于绿色，微软和Alphabet的交易几乎没有变化。与此同时，辉瑞股价飙升3%，此前彭博社报道，激进投资者Starboard Value已持有该公司约10亿美元的股份。

US stocks kicked off the week in the red, with both the S&P 500 and the Nasdaq losing 0.3% and the Dow Jones falling 200 points, following strong gains on Friday after a better-than-expected jobs report. Traders now await key CPI and PPI data due this week to assess how price pressures are evolving. Markets are assigning a nearly 84% chance the Fed will cut deliver a 25bps rate cut in November rather than another jumbo 50bps reduction. At the same time, the earnings season is about to kick off later in the week with reports from big banks JPMorgan, Wells Fargo and Bank Of New York Mellon. Consumer discretionary, real estate and utilities underperformed while the energy sector gained. Megacaps were mixed, with Apple (-1.1%) and Amazon (-2.4%) falling while Nvidia (2%) and Meta (0.8%) were in the green and Microsoft and Alphabet traded little changed. Meanwhile, Pfizer soared 3% after Bloomberg reported activist investor Starboard Value had taken a stake of about $1 billion in the firm.

2024年9月，美国曼海姆二手车价值指数环比下降0.5%，这是三个月来的首次下降，此前8月上涨1.2%，7月下跌2.8%。SUV（-0.3%）、皮卡（-0.6%）、豪华车（-1%）和中型轿车（-1.2%）的价格下跌，而紧凑型汽车的成本上涨了1.2%。Cox Automotive经济与工业洞察高级总监Jeremy Robb表示：“未经调整的价格通常在9月份下降，虽然今年发生了这种情况，但价格下降幅度低于当月正常水平。零售二手车供应量仍低于过去几年的水平，离租期限将继续下降。新常态可能是我们继续看到批发贬值，但今年剩余时间可能比市场习惯的要温和。”二手车价格同比下降5.3%，8月份下降3.9%。自2022年8月以来，价格一直在逐年下降。

The Manheim Used Vehicle Value Index for the US declined 0.5% month-over-month in September 2024, the first fall in three months, following a 1.2% rise in August and a 2.8% slump in July. Prices fell for SUVs (-0.3%), pickups (-0.6%), luxury (-1%) and midsize sedans (-1.2%) while cost for compact cars went up 1.2%. "Non-adjusted prices usually decline in September, and while that occurred this year, prices fell less than they normally do for the month. Retail used days’ supply remains at lower levels than the last few years, and off-lease maturities will continue to decline. The new normal is likely that we continue to see wholesale depreciation, but it may be more muted than the market is accustomed to for the rest of the year”, said Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. Year-on-year, used car prices decreased 5.3%, following a 3.9% drop in August. Prices have been falling on a yearly basis since August 2022.

俄罗斯MOEX股指略有回升，10月初达到2800点左右，尽管在持续紧缩的货币环境下，该指数仍接近上月创下的18个月低点2600点。在9月份的会议上，俄罗斯央行将基准利率上调100个基点至19%，并暗示10月份可能再次加息。政策制定者还将今年的通胀预测调整为6.5%至7%，目前的通胀率为9.1%。通货膨胀的激增在很大程度上是由政府军费开支增加带来的经济压力推动的，这提高了工资，但使经济满足不断增长的需求的能力变得紧张。央行行长Elvira Nabiullina警告滞胀的风险，其特征是持续的通货膨胀和经济增长放缓。

Russia's MOEX stock index has seen a slight recovery, reaching around the 2800 level in early October, though it remains close to the 18-month low of 2600 recorded last month, amid persistently tight monetary conditions. During its September meeting, the Bank of Russia raised the key interest rate by 100 basis points to 19% and hinted at the possibility of another rate hike in October. Policymakers also adjusted their inflation forecast for the year to between 6.5% and 7%, with current inflation at 9.1%. The surge in inflation is largely driven by economic pressures from increased government military spending, which has boosted wages but strained the economy’s capacity to meet rising demand. Central Bank Governor Elvira Nabiullina has warned of the risk of stagflation, characterized by persistent inflation alongside slowing economic growth.