经季节性影响调整后，2024年9月新西兰的电子卡交易量与上月相比保持不变，为63.82亿新西兰元。零售业的支出没有变化，因为酒店（8月份为-1.2%对-0.2%）、消耗品（+0.2%对0%）和服装（+1.1%对+2.1%）的购买增长被燃料（-3.1%对+0.1%）和耐用品（-0.5%对+0.5%）的支出下降所抵消。按年度计算，9月份电子卡交易量下降了5.6%，而前一个月下降了2.9%。

Electronic card transactions in New Zealand remained unchanged at NZD 6,382 million in September 2024 compared to the previous month when adjusted by seasonal effects. Spending in the retail industries was unchanged as increases in purchases of hospitality (+1% vs -0.2% in August), consumables (+0.2% vs 0%), and apparel (+1.1% vs +2.1%) were offset by declines in spending of fuel (-3.1% vs +0.1%) and durables (-0.5% vs +0.5%). On an annual basis, electronic card transactions tumbled by 5.6% in September, after a 2.9% drop in the previous month.

2024年9月，新西兰BusinessNZ服务绩效指数在8月份上调后保持稳定，为45.7。尽管该指数保持在5月以来的最高水平，但仍表明该行业出现收缩。BusinessNZ首席执行官Katherine Rich表示，在连续七个月的收缩之后，该行业似乎陷入了困境，难以摆脱收缩。从关键子指数值来看，令人鼓舞的是，活动/销售指数（45.6）继续改善，尽管新订单/业务指数（46.7）停滞不前，就业指数（45.7）回落至2022年2月以来的最低水平。从好的方面来看，9月份负面评论的比例为58.5%，而8月份为60.8%，7月和6月均为67.0%。很大一部分受访者指出，整体经济是对活动水平的关键负面影响。

The BusinessNZ Performance of Services Index in New Zealand remained steady at 45.7 in September 2024, following an upward revision for August. Despite holding at its highest level since May, the index still indicates contraction in the sector. BusinessNZ’s CEO, Katherine Rich said that after seven consecutive months in contraction, the sector seems to be stuck in a rut and struggling to get out of contraction. Looking at the key sub-index values, it is encouraging to see the Activity/Sales Index (45.6) continue to improve, although the New Orders/Business Index (46.7) stagnated and the Employment Index (45.7) reversed back to its lowest result since February 2022. On a brighter note, the proportion of negative comments for September stood at 58.5%, compared with 60.8% in August and 67.0% in both July and June. A significant proportion of respondents noted the overall economy as a key negative influence on activity levels.

根据中国汽车工业协会（CAAM）的数据，2024年9月，中国汽车销量同比下降1.7%，至280.9万辆，与上月5.0%的降幅相比，降幅较小。此前，政府采取了旨在提振汽车市场的政策措施，制造商在“黄金九月和白银十月”推出了新车型。随着汽车市场进入旺季，新能源汽车销量跃升42.3%，达到128.7万辆，超过了去年12月创下的121.9万辆的纪录。今年前九个月，汽车销量增长2.4%，达到2157万辆。按月计算，汽车销量激增14.5%

China's vehicle sales shrank by 1.7% year-on-year to 2.809 million units in September 2024, a softer decline compared to the 5.0% drop in the previous month, according to data from the China Association of Automobile Manufacturers (CAAM). The result followed the government's policy measures aimed at boosting the auto market and manufacturers launching new models during "Golden September and Silver October". Sales of new energy vehicles jumped by 42.3% to 1.287 million units, surpassing the previous record of 1.219 million units in December last year, as the automotive market entered its busy season. During the first nine months of the year, vehicle sales grew by 2.4% to 21.57 million units. On a monthly basis, car sales surged by 14.5%

2024年9月，中国生产者价格指数同比下降2.8%，跌幅大于上月1.8%和市场预测的2.5%。这是连续第24个月生产者通货紧缩，也是自3月以来最严重的一次，由于采矿（-2.5%对0.9%）、原材料（-3.2%对-0.8%）和加工（-3.3%对-2.7%）的进一步下降，生产资料成本下降（-3.3%vs-2.0%）。与此同时，消费品价格继续下跌（-1.3%对-1.1%），主要受食品（-1.6%对-1.3%）、服装（-0.3%对-0.4%）、日用品（-0.3%）和耐用品（-2.1%对-1.9%）的拖累。在8月份下降0.7%之后，生产者价格指数每月下降0.6%。考虑到今年前八个月，生产者价格指数下跌了2.0%。

China's producer prices declined by 2.8% yoy in September 2024, steeper than a 1.8% fall in the previous month and market forecasts of a 2.5% drop. It was the 24th straight month of producer deflation and the sharpest reading since March, with a decrease in the cost of means of production deepening (-3.3% vs -2.0% in August), due to further falls in mining (-2.5% vs 0.9%), raw materials (-3.2% vs -0.8%), and processing (-3.3% vs -2.7%). At the same time, prices of consumer goods extended their declines (-1.3% vs -1.1%), dragged by food (-1.6% vs -1.3%), clothing (-0.3% vs -0.4%), daily use goods (-0.3% vs flat figure), and durable goods (-2.1% vs -1.9%). Monthly, producer prices shrank by 0.6%, following a 0.7% fall in August. Considering the first eight months of the year, producer prices slipped 2.0%.

2024年9月，中国食品价格同比上涨3.3%，较上月2.8%的涨幅有所加快，并连续第二个月上涨。这也是自2023年1月以来的最大涨幅，因为新鲜蔬菜（8月份为22.9%对21.8%）和新鲜水果（6.7%对4.1%）的成本进一步加速。此外，猪肉价格保持高位（16.2%对16.1%），反映出持续的供应紧张和疾病爆发导致母猪大量清算。另一方面，鸡蛋（-4.1%对-3.5%）、牛奶（-1.9%对-1.7%）和食用油（-3.7%对-4.1%）的成本下降。

Food prices in China increased by 3.3% year-on-year in September 2024, quickening from a 2.8% rise in the prior month and pointing to the second straight month of gain. It was also the steepest rise since January 2023, as cost accelerated further for fresh vegetables (22.9% vs 21.8% in August) and fresh fruit (6.7% vs 4.1%). In addition, pork prices stayed elevated (16.2% vs 16.1%), reflecting continued tight supplies and significant liquidation of sows due to disease outbreaks. On the other hand, cost fell for eggs (-4.1% vs -3.5%), milk (-1.9% vs -1.7%), and cooking oils (-3.7% vs -4.1%).

2024年9月，中国的年通货膨胀率为0.4%，而市场预测和8月份的数字为0.6%。这是连续第八个月出现消费者通胀，但这是自6月以来的最低数字，主要受非食品价格下跌（-0.2%对8月的0.2%）的拖累，尤其是交通（-4.1%对-2.7%）和住房（-0.1%对持平）。与此同时，服装（1.3%对1.4%）、健康（1.2%对1.3%）和教育（0.6%对1.3%）的成本放缓。在食品方面，价格连续第二个月上涨，涨幅为20个月来最快（3.3%对2.8%）。与普遍预期和8月份0.4%的涨幅相比，月度CPI没有变化。

China's annual inflation rate was at 0.4% in September 2024, compared with market forecasts and August's figure of 0.6%. It was the 8th straight month of consumer inflation but the lowest figure since June, largely dragged by a decline in non-food prices (-0.2% vs 0.2% in August), notably transport (-4.1% vs -2.7%) and housing (-0.1% vs flat reading). Simultaneously, cost slowed for clothing (1.3% vs 1.4%), health (1.2% vs 1.3%), and education (0.6% vs 1.3%). On the food side, prices rose for the second month, with their rate of increase the fastest in 20 months (3.3% vs 2.8%). Monthly, the CPI was unchanged, compared with consensus and August's print of a 0.4% rise.

10月11日，就在法国政府公布2025年预算的一天后，惠誉评级将法国的前景展望定为负面。惠誉表示：“自我们上次审查以来，财政政策风险有所增加。今年预计的财政下滑使法国处于更糟糕的财政起点，我们现在预计财政赤字将扩大，导致政府债务急剧上升，到2028年将达到GDP的118.5%。”标准普尔对法国的信用评级为AA，前景稳定。穆迪对法国的信用评级最后定为Aa2，前景稳定。DBRS对法国的信用评级最后报告为AA（高），前景稳定。

Fitch Ratings placed France on a negative outlook on October 11th, just one day after the government unveiled its 2025 budget. “Fiscal policy risks have increased since our last review,” Fitch said “This year’s projected fiscal slippage places France in a worse fiscal starting position, and we now expect wider fiscal deficits, leading to a steep rise in government debt towards 118.5% of GDP by 2028.” Standard & Poor's credit rating for France stands at AA- with stable outlook. Moody's credit rating for France was last set at Aa2 with stable outlook. DBRS' credit rating for France was last reported at AA (high) with stable outlook.

在纽约，道琼斯指数周五上涨410点，涨幅0.97%。摩根大通（4.46%）、波音（2.62%）和高盛（2.45%）领涨。跌幅最大的是Salesforce（-0.69%）、苹果（-0.67%）和耐克（-0.06%）。

In New York, the Dow Jones Index gained 410 points or 0.97 percent on Friday. Gains were led by JPMorgan (4.46%), Boeing (2.62%) and Goldman Sachs (2.45%). Biggest losers were Salesforce (-0.69%), Apple (-0.67%) and Nike (-0.06%).

周五，标准普尔/多伦多证交所综合指数上涨0.7%，收于24470点，受到劳动力市场利好消息的支撑。加拿大9月份的失业率降至6.5%，超出了升至6.7%的预期，因为增加了10多万个全职工作岗位，这是两年来最大的增幅。这增强了人们对加拿大经济能够承受中国银行高利率环境的乐观情绪。银行股涨幅居前，受益于美国贷款巨头强劲的企业盈利报告，布鲁克菲尔德上涨1%，加拿大皇家银行和蒙特利尔银行分别上涨0.8%和1.6%。随着金价接近历史高点，材料板块也出现上涨。另一方面，道明银行（-4.1%）在美国司法部对其洗钱处罚后延续了昨日的暴跌。考虑到本周，加拿大基准指数上涨1.5%。

The S&P/TSX Composite Index added 0.7% close at the 24,470 mark on Friday, supported by positive labor market news. Canada's unemployment rate fell to 6.5% in September, defying expectations of a rise to 6.7%, as over 100,000 full-time jobs were added, the largest increase in two years. This strengthened optimism about the Canadian economy's ability to endure the BoC's high-interest-rate environment. Banks were among the top gainers, benefiting from the strong corporate earnings reports from US lending giants with Brookfield adding 1% while RBC and BMO advanced 0.8% and 1.6%, respectively. Material sector also booked gains, as gold prices approached record highs. On the other hand, TD Bank (-4.1%) extended yesterday’s plunge following its money-laundering penalty by the US DoJ. Considering the week, the Canadian benchmark gained 1.5%.

受主要银行强劲盈利报告的推动，美国股市周五上涨，为第三季度财报季定下了乐观基调。标准普尔500指数和道琼斯指数均创下新高，分别上涨0.6%和1%，这得益于摩根大通（4.4%）和富国银行（5.6%）令人印象深刻的盈利业绩。尽管特斯拉因无人驾驶出租车事件而下跌8.8%，但以科技股为主的纳斯达克指数仍上涨0.1%。经济数据进一步支持了这一积极势头，批发通胀率不变表明在控制通胀方面取得了进展，而周三的高通胀则使美联储未来降息的不确定性增加。尽管如此，投资者情绪仍然强劲，所有主要指数每周均上涨：标准普尔500指数（+1.5%）、道琼斯指数（+1.4%）和纳斯达克100指数（+1.7%）。

US stocks rallied on Friday, powered by strong earnings reports from major banks, setting an optimistic tone for the third-quarter earnings season. The S&P 500 and the Dow Jones both hit new highs, gaining 0.6% and 1%, respectively buoyed by impressive earnings results from JPMorgan (4.4%) and Wells Fargo (5.6%). Despite Tesla’s 8.8% drop due to its underwhelming robotaxi event, the tech-heavy Nasdaq managed to close 0.1% higher. This positive momentum was further supported by economic data, where unchanged wholesale inflation indicated progress towards controlling inflation, while a hot inflation on Wednesday kept uncertainty around the Fed’s future rate cuts. Nonetheless, investor sentiment remained strong, with weekly gains across all major indices: S&P 500 (+1.5%), Dow Jones (+1.4%), and Nasdaq 100 (+1.7%).

2024年9月，俄罗斯的年通货膨胀率从前一个月9.1%的18个月高点降至8.6%，这是自2023年12月以来的首次放缓，但略高于市场预期的8.5%。该利率仍远高于CBR 4%的目标，支持政策制定者在最近会议上的鹰派指导。服务业（11.6%）和食品（9.1%）的价格增长仍然较高，而非食品（5.6%）的价格则略有下降。与此同时，核心通胀率为8.3%。与上月相比，俄罗斯消费者价格上涨0.5%。

The annual inflation rate in Russia eased to 8.6% in September of 2024 from the eighteen-month high of 9.1% in the previous month, the first slowdown since December 2023, but slightly ahead of market expectations of 8.5%. The rate remained well above the CBR’s target of 4%, backing policymakers’ hawkish guidances from recent meetings. Price growth remained elevated for services (11.6%) and food goods (9.1%), while remaining slightly softer for non-food goods (5.6%). Meanwhile, the core inflation rate stood at 8.3%. From the previous month, Russian consumer prices advanced by 0.5%.

周五，CAC 40指数上涨近0.5%，收于7577点，主要金融公司发布强劲盈利报告后，华尔街上涨，交易员乐观情绪高涨。投资者还评估了法国新提出的2025年预算，其中包括对大公司增税以解决其不断上升的赤字。此外，交易员们期待着周六中国财政部的新闻发布会，对潜在的刺激措施寄予厚望。在企业方面，空中客车和Teleperformance的表现优于其他公司，分别增长了3.9%和2.2%。另一方面，Stellantis NV股价下跌2.8%，此前管理层进行了重大更新，包括宣布其首席执行官将于2026年初任期结束时退休。在Berenberg将该股从“买入”下调至“持有”后，泰雷兹股价也下跌了1.5%。法国指数从上周3.2%的下跌中恢复，每周上涨0.48%。

The CAC 40 added almost 0.5% to close at 7,577 on Friday, fueled by Wall Street's gains and optimism among traders following strong earnings reports from major financial companies. Investors also assessed France's newly proposed 2025 budget, which includes tax hikes on large corporations to address its spiraling deficit. Additionally, traders awaited the press conference from China's finance ministry on Saturday, with high expectations for potential stimulus measures. On the corporate front, Airbus and Teleperformance outperformed adding 3.9% and 2.2%, respectively. On the other hand, Stellantis NV shares dropped 2.8% following significant management updates, including the announcement that its CEO will retire at the end of his term in early 2026. Thales also declined 1.5% after Berenberg downgraded the stock from "buy" to "hold." The French index booked a weekly increase of 0.48%, recovering from a 3.2% drop the previous week.

周五，富时MIB指数上涨0.68%，收于34308点，反映出下午全球市场的上涨，这得益于美国主要金融公司强劲盈利后华尔街的积极势头和交易员的乐观情绪。与此同时，投资者继续分析最近的数据，以寻找美联储政策前景的线索，同时也期待着中国财政部周六的新闻发布会，希望采取潜在的刺激措施。在企业方面，Banca Monte Paschi Siena和A2A表现突出，各上涨约3%。相比之下，Stellantis在首席执行官Carlos Tavares宣布计划于2026年退休后下跌了近3%，意大利电信下跌了4.5%以上。本周，富时MIB指数上涨超过2%，表现优于其他主要欧洲指数。

The FTSE MIB advanced 0.68% to close at 34,308 on Friday, reflecting gains across global markets in the afternoon, driven by Wall Street's positive momentum and optimism among traders following strong earnings from major U.S. financial firms. Meanwhile, investors continued to analyze recent data for clues on the Federal Reserve’s policy outlook, while also looking ahead to Saturday's press conference from China's finance ministry, with hopes for potential stimulus measures. On the corporate side, Banca Monte Paschi Siena and A2A were standout performers, each rising around 3%. In contrast, Stellantis slipped nearly 3% after CEO Carlos Tavares announced plans to retire in 2026, and Telecom Italia dropped more than 4.5%. For the week, the FTSE MIB gained over 2%, outperforming other major European indices.

欧洲股市周五收高，受益于北美股市开盘积极，美国财报季开局积极，投资者评估了一批经济数据。法国2025年的预算，包括对企业、富人和能源的拟议支出削减和增税，也受到了密切关注。欧元区斯托克50指数上涨0.7%，收于5003点，泛欧斯托克600指数上涨0.5%，收于522点。工业巨头领涨，西门子、施耐德、空中客车和赛峰集团上涨4%至1%。银行和保险公司也稳健收市，慕尼黑再保险和联合圣保罗银行各上涨1%以上。另一方面，Stellantis在宣布一系列领导层变动后下跌近4%。

European stocks closed higher on Friday, benefitting from a positive start of the session for North American counterparts with support from a positive start of the earnings season in the US, while investors assessed a batch of economic data. The French budget for 2025, with its proposed spending reductions and tax increases on businesses, the wealthy, and energy, was also being closely scrutinized. The Eurozone’s Stoxx 50 advanced 0.7% to close at 5,003, and the pan-European Stoxx 600 added 0.5% to close at 522. Industrial giants led the gains, with Siemens, Schneider, Airbus, and Safran adding between 4% and 1%. Banks and insurers also closed firmly in the green, with Munich Re and Intesa Sanpaolo adding over 1% each. On the other hand, Stellantis fell close to 4% after announcing a series of changes in its leadership.

在米兰，富时MIB指数周五上涨231点，涨幅0.68%。锡耶纳银行（3.09%）、A2A银行（3.02%）和法拉利公司（2.14%）领涨。跌幅最大的是意大利电信（-4.39%）、Stellantis N.V.（-2.53%）和Nexi（-0.85%）。

In Milan, the FTSE MIB Index gained 231 points or 0.68 percent on Friday. Gains were led by Banca Monte dei Paschi di Siena (3.09%), A2A (3.02%) and Ferrari NV (2.14%). Biggest losers were Telecom Italia (-4.39%), Stellantis N.V. (-2.53%) and Nexi (-0.85%).