还款延迟引发了万科债务的恐慌性抛售。创历史新低，交易暂停。。周五，中国万科在岸债券跌至历史新低，加深了人们对中国最后一家投资级房地产开发商健康状况的担忧。此前，万科首次试图推迟偿还在岸债券，这对一家长期以来被认为是该行业最稳定的公司之一来说是一个重大的危险信号。

Repayment delay sparks panic selling in China Vanke debt. Record low, trading halt..China Vanke's onshore bonds tumbled to fresh record lows on Friday, deepening concerns over the health of one of the country's last remaining investment-grade property developers. The selloff came after Vanke sought to delay repayment on an onshore bond for the first time, a major red flag for a company long considered one of the sector's most stable names.

美元将迎来四个月来最糟糕的一周，因为美联储降息的理由越来越多。周五，由于交易员加大了对美联储下个月进一步宽松货币政策的押注，而美国感恩节假期导致流动性减少，美元将迎来自7月下旬以来最糟糕的单周表现。

Dollar on track for worst week in four months as case for Fed cut builds.The U.S. dollar was heading for its worst weekly performance since late July on Friday as traders ramped up bets for further monetary easing from the Federal Reserve next month, while liquidity was thinned by the U.S. Thanksgiving holiday.

澳元走强，通胀加剧降低了对澳大利亚储备银行宽松政策的预期。澳元走强，通胀加剧降低了对澳大利亚储备银行宽松政策的预期

Australian Dollar firms as hotter inflation dims expectations of RBA easing.Australian Dollar firms as hotter inflation dims expectations of RBA easing

日元预测：东京通胀与美联储降息发生冲突。日本央行加息猜测上升，因为东京通胀和强劲的零售销售提振了日元预期，而美联储的降息则造成了美元/日元价格的波动。

Japanese Yen Forecast: Sticky Tokyo Inflation Clash with Fed Cut Bets.BoJ rate hike speculation rises as Tokyo inflation and strong retail sales lift yen expectations, while Fed cut bets create volatile USD/JPY price dynamics.

美元/日元前景：东京通胀使日本央行12月加息。东京的通胀高于预期，交易员们准备最早在12月加息，2026年进一步紧缩的可能性急剧上升。尽管美元/日元已连续数周保持坚挺，但最近上涨趋势的突破和势头的减弱表明，看涨势头可能正在失去动力。

USD/JPY outlook: Tokyo inflation keeps December BOJ hike in play.Tokyo's hotter-than-expected inflation has traders bracing for a BOJ rate hike as early as December, with odds climbing sharply for further tightening in 2026. While USD/JPY has held firm for weeks, the break of its recent uptrend and fading momentum suggest the bullish run may be losing steam.

10月份澳大利亚私营部门信贷（年环比）保持不变，为7.3%。10月份澳大利亚私营部门信贷（年环比）保持不变，为7.3%

Australia Private Sector Credit (YoY) remains unchanged at 7.3% in October.Australia Private Sector Credit (YoY) remains unchanged at 7.3% in October

澳大利亚私营部门信贷（MoM）为0.7%，高于10月份的预测（0.6%）。澳大利亚私营部门信贷（MoM）为0.7%，高于10月份的预测（0.6%）

Australia Private Sector Credit (MoM) came in at 0.7%, above forecasts (0.6%) in October.Australia Private Sector Credit (MoM) came in at 0.7%, above forecasts (0.6%) in October

日本大型零售商销售额从之前的3%增长到10月份的5%。日本大型零售商销售额从之前的3%增长到10月份的5%

Japan Large Retailer Sales increased to 5% in October from previous 3%.Japan Large Retailer Sales increased to 5% in October from previous 3%

日本零售贸易协会（月环比）从之前的0.3%上升到10月份的1.6%。日本零售贸易协会（月环比）从之前的0.3%上升到10月份的1.6%

Japan Retail Trade s.a (MoM) increased to 1.6% in October from previous 0.3%.Japan Retail Trade s.a (MoM) increased to 1.6% in October from previous 0.3%

日本10月失业率2.6%（预计为2.5%，此前为2.6%）。日本2025年10月的就业数据显示，那里的劳动力市场仍然紧张。失业率2.6%预期2.5%，此前2.6%就业/申请人比率1.18预期1.2，此前1.2大多数关注点是东京地区11月的CPI数据。

Japan October unemployment rate 2.6% (expected 2.5%, prior 2.6%).Jobs data from Japan for October 2025, the labour market there remains tight. Unemployment Rate 2.6% expected 2.5%, prior 2.6% Jobs / Applicants Ratio 1.18 expected 1.2, prior 1.2 Most focus is on the CPI data, from the Tokyo area for November.

韩国10月工业衰退，但零售和服务业表现出韧性。韩国的数据呈现出喜忧参半的局面：尽管零售额上升，服务业产出保持不变，但10月份工业产出大幅下滑。根据国家统计局的数据，

South Korea industrial slump in Oct, but retail and services show resilience.Data from South Korea show a mixed picture: industrial output slumped sharply in October even as retail sales rose and service-sector output held up. According to the national statistics office,

标普警告称，尽管有新的预算收入措施，但英国财政仍然脆弱。标普全球评级警告称，尽管2025年秋季预算中概述了增加收入的措施，但英国的公共财政仍面临相当大的压力。该机构表示，结构性支出压力和增长放缓意味着财政压力可能会持续到中期。

S&P warns UK finances remain vulnerable despite new budget revenue measures.S&P Global Ratings has cautioned that the UK's public finances remain under considerable strain, despite the revenue-raising steps outlined in the Autumn 2025 Budget. The agency said structural spending pressures and muted growth mean fiscal stress is likely to persist through the medium term.

比利时警告欧盟计划使用冻结的俄罗斯资产可能损害乌克兰和平谈判。据英国《金融时报》报道，比利时首相警告称，欧盟为乌克兰动用被冻结的俄罗斯国有资产的举动有可能破坏未来的和平努力。

Belgium warns EU plan to use frozen Russian assets risks harming Ukraine peace talks.Belgium's prime minister has warned that the European Union's push to tap frozen Russian state assets for Ukraine risks undermining future peace efforts, according to the Financial Times.

原油价格预测：57.21美元见底——牛市逆转目标为60.98美元。原油周四证实了看涨的逆转，突破59.17美元，并在57.21美元的低点上强劲收盘，该低点完成了88.6%的回撤并守住了下跌的通道底部。

Crude Oil Price Forecast: $57.21 Bottom Holds – Bull Reversal Targets $60.98.Crude oil confirmed a bullish reversal Thursday with a breakout above $59.17 and a strong holiday close, building on the $57.21 low that completed the 88.6% retracement and held the descending channel bottom.

天然气价格预测：假日锤确认最高收盘价反弹。周四，尽管假日交易量稀少，但天然气在当天形成了窄幅牛市，收于8月低点以来的整个上涨趋势的最高日水平。

Natural Gas Price Forecast: Holiday Hammer Confirms Highest Close of Rally.Natural gas formed a narrow-ranged bull hammer inside day Thursday despite thin holiday volume, closing at the highest daily level of the entire uptrend from the August low.