新的一周伊始，由于美国总统唐纳德·特朗普拒绝了德黑兰提出的为重新开放霍尔木兹海峡航运而设立七天停火协议的提议，全球市场面临抛售压力。
Global markets came under selling pressure at the start of the new week after US President Donald Trump rejected Tehran’s seven-day ceasefire proposal to reopen the Strait of Hormuz to vessel traffic.
此前，市场预期地缘政治风险有望通过上周举行的第81届联合国大会得到解决，这提振了风险偏好，推动全球市场走高。
Expectations that geopolitical risks could be resolved via the 81st session of the UN General Assembly held last week boosted risk appetite, driving up global markets.
随着特朗普拒绝该提议，市场对美伊短期停火的预期破灭，11月交割的布伦特原油价格上涨2.5%，至每桶109.6美元。
Following Trump’s rejection, November-delivery Brent crude rose 2.5% to $109.6 a barrel, as expectations of a near-term US-Iran ceasefire faded.
9月25日，美国10年期国债收益率触及5.23%，创下2007年以来的最高水平，周一稳定在5.21%。
The US 10-Year Treasury yield hit its highest level since 2007 at 5.23% on Sept. 25, stabilizing at 5.21% on Monday.
2年期国债收益率上升4个基点至4.91%，而30年期国债收益率在9月25日达到5.53%，创下2004年以来的最高水平，周一稳定在5.51%。
The two-year yield rose by four basis points to 4.91%, while the 30-year yield saw its highest level since 2004 at 5.53% on Sept. 25, stabilizing at 5.51% on Monday.
全球债券收益率的上升继续推高科技公司的借贷成本，这些公司正竞相为其价值数十亿美元的人工智能（AI）项目筹集资金。
Rising global bond yields continue to drive up the borrowing costs of tech firms as they scramble to fund their artificial intelligence (AI) efforts worth billions of dollars.
分析师表示，在金融环境出现明显收紧迹象之前，债券市场的抛售压力可能会持续。
The selling pressure in the bond markets could continue until clear signs emerge that financial conditions have sufficiently tightened, analysts say.
周一，受美伊紧张局势影响，美元指数上涨0.1%，报101.1点；黄金价格下跌2.1%，报每盎司4196美元。货币市场估算显示，美联储在10月份加息的可能性为68%。
The US Dollar Index is trading up 0.1% at 101.1, while gold is down 2.1% at $4,196 per ounce on Monday amid the US-Iran tensions. The Fed is 68% likely to hike rates in October, money market estimates show.
继中国国家主席习近平于9月23日至25日访问美国后，白宫表示，两国已达成协议，将削减双方价值300亿美元非敏感商品的关税。
Following Chinese President Xi Jinping’s visit to the US on Sept. 23-25, the White House said the two countries reached a deal to reduce tariffs on $30 billion of non-sensitive goods in both directions.
市场正在寻求有关美国通胀轨迹和经济活动的更明确信号，所有目光都转向了本周即将发布的增长数据、非农就业数据以及个人消费数据。
Markets are seeking clearer signals on the inflation trajectory and economic activity in the US, while all eyes turned to the growth, nonfarm payrolls, and personal consumption data to be released this week.
9月25日，纽约证券交易所表现积极，市场预期中东可能达成协议将缓解对能源供应的担忧，同时人工智能相关股票的上涨也助推了乐观情绪。
Markets are seeking clearer signals on the inflation trajectory and economic activity in the US, while all eyes turned to the growth, nonfarm payrolls, and personal consumption data to be released this week.
美国科技巨头微软在发布其聊天机器人Copilot的新功能后，股价大涨3.6%，新功能包括一款编程工具和一个名为“Autopilot”的自主AI智能体。Akamai Technologies在与Anthropic达成一项价值116亿美元的多年度协议后，股价上涨3.2%。
The New York Stock Exchange traded positively on Sept. 25 amid expectations of a potential deal in the Middle East easing concerns over energy supply, while rising AI stocks contributed to the optimism. US tech giant Microsoft’s shares surged 3.6% after it released new features for its chatbot Copilot, including a coding tool and an autonomous AI agent, “Autopilot.” Akamai Technologies shares climbed 3.2% afterg an $11.6 billion multi-year deal with Anthropic.
与此同时，密歇根大学消费者信心指数9月份数据被上修至48.1。美国耐用品订单持平，未如预期般下降。
Meanwhile, the University of Michigan’s consumer sentiment index was upwardly revised to 48.1 in September.
9月25日，道琼斯工业平均指数上涨0.93%，标普500指数上涨0.51%，纳斯达克综合指数上涨0.48%。美国股市周一开盘走低。
The US durable goods orders remained flat, defying expectations of a decline. The Dow Jones Industrial Average rose 0.93%, the S&P 500 gained 0.51%, and the Nasdaq was up 0.48% on Sept. 25.
与此同时，9月25日欧洲股市大多走高，受银行、矿业和科技股上涨推动。
American indexes opened Monday in the red.
德国DAX 40指数上涨0.56%，意大利FTSE MIB 30指数上涨0.63%，英国富时100指数上涨0.14%，而法国CAC 40指数下跌0.04%。亚洲股市在周一收盘前出现抛售。
At the same time, European stock markets traded mostly higher on Sept. 25, driven by gains in banking, mining, and tech stocks. Germany's DAX 40 rose 0.56%, Italy's FTSE MIB 30 gained 0.63%, and the UK's FTSE 100 climbed 0.14%, while France's CAC 40 lost 0.04%. Asian equity markets saw a selloff near Monday’s close.
中国8月份工业利润同比增速放缓至4.2%，为今年最低月度增幅。
China’s industrial profits posted their slowest monthly increase of the year at 4.2% in August.
日本日经225指数下跌0.1%，韩国Kospi指数下跌2.1%，中国上证综合指数下跌1.7%，而恒生指数在周一收盘前上涨0.6%。
Japan’s Nikkei 225 fell 0.1%, South Korea’s Kospi dropped 2.1%, and China’s Shanghai Composite was down 1.7%, while Hong Kong's Hang Seng climbed 0.6% near Monday’s close.