全球市场走势涨跌互现，尽管美国宏观经济数据激发了美联储可能推迟加息的预期。美国经济第二季度同比增长2.2%，高于1.5%的初步估计。
Global markets are trading on a mixed trend even though US macroeconomic data fueled expectations that the Federal Reserve may postpone its rate hikes. The US economy grew 2.2% year-on-year in the second quarter, above the preliminary estimates of 1.5%.
作为美联储剔除食品和能源后的通胀指标，美国核心个人消费支出（PCE）指数8月环比上涨0.2%，同比增长3%。该增幅高于此前0.3%的月度上涨预估，但低于3.3%的同比增幅预期。该指数7月环比上涨0.1%，同比上涨3%。
The core Personal Consumption Expenditures (PCE) index, the Fed’s inflation indicator excluding food and energy, rose 0.2% month-on-month and 3% on an annual basis in August, above the 0.3% monthly rise estimates but below the 3.3% annual growth expectations. The index followed a 0.1% month-on-month and 3% annual increase in July.
美国PCE环比增长0.9%，高于预期，但同比增幅仅为0.2%，低于预期。美国私营部门就业人数增加9万，超过市场预期。
The US PCE grew above expectations by 0.9% on a monthly basis but rose below estimates by 0.2% year-on-year. Private sector employment surpassed market expectations by rising 90,000.
分析师表示，鉴于数据强劲，美联储有望在政策层面实现软着陆。与此同时，通胀呈下降趋势，表明美国经济仍具韧性，该行短期内可能不会被迫加息。
The Fed is expected to make a soft landing in its policy given the strong data, while the downward trend in inflation showed the American economy remains resilient and the bank may not be forced to hike rates any time soon, analysts say.
据货币市场估算，数据公布后，美联储10月加息的概率从70%降至38%。
The Fed’s likelihood to raise rates in October fell from 70% to 38% following the data release, according to money market estimates.
与此同时，9月柴油价格飙升的影响尚未反映在数据中，因此通胀压力是否会缓解仍存在不确定性。
Meanwhile, the impact of surging diesel prices in September has yet to be reflected in the data, causing uncertainties to persist over whether inflationary pressures will ease.
尽管通胀低于预期，且经济增长和ADP私营部门就业数据好于预期，利率仍将维持在高位，市场风险偏好受到抑制。
Interest rates will remain at high levels despite the lower-than-expected inflation and better-than-expected growth and ADP private-sector employment figures, dampening risk appetite.
美国10年期国债收益率升至5.31%，创2007年以来最高水平；30年期国债收益率也突破5.65%。
The US 10-Year Treasury bond yield hit its highest since 2007 at 5.31%, while the 30-year yield topped 5.65%.
尽管10月加息预期有所降温，但据估算，美联储仍将在后续会议上继续加息，从而推高国债收益率。
Despite easing rate hike expectations in October, the Fed is still estimated to continue with these hikes at subsequent meetings, driving up Treasury bond yields.
受收益率上升支撑，美元周四升至101.7，创6月24日以来最高水平。
The US dollar rose to 101.7 on Thursday, reaching its highest level since June 24, supported by the rise in yields.
黄金上涨0.7%，报每盎司4184美元；12月交割的布伦特原油下跌1.4%，报每桶96.6美元。
Gold rose 0.7% to $4,184 per ounce and December-delivery Brent crude fell 1.4% to $96.6 a barrel.
与此同时，美国总统唐纳德·特朗普表示，由于美联储大楼翻新项目出现成本超支，前美联储主席杰罗姆·鲍威尔应被要求辞去理事会职务。
Meanwhile, US President Donald Trump said former Fed chair Jerome Powell should be made to resign from the Board of Governors due to cost overruns in the bank’s building renovation project.
特朗普还表示，韩国计划在美国大型能源项目上投资高达2000亿美元。他还在考虑禁止柴油出口，但随后承认此举会影响汽油价格。
Trump also said South Korea plans to invest up to $200 billion in major US energy projects. He is also considering a ban on diesel exports but he later acknowledged this would affect gas prices.
与此同时，美联储理事丽莎·库克表示，通胀率已连续五年多高于目标水平，并承诺在保持劳动力市场强劲的同时，将通胀率拉回目标水平。
At the same time, Fed board member Lisa Cook said inflation remained above target for over five years, pledging to bring inflation back to the target level while preserving the labor market’s strength.
美联储敲定了对大型银行财务年度压力测试的修订方案，旨在提高透明度和公众问责制，同时降低与这些测试相关的资本要求波动。
The Fed finalized changes to its annual stress test of large bank finances to increase transparency and public accountability, while reducing volatility in capital requirements linked to these tests.
股票市场方面，尽管通胀数据低于预期，但受债券市场抛售压力影响，纽约证券交易所周三收盘涨跌不一。
Stock markets The New York Stock Exchange closed Wednesday on a mixed trend due to the selling pressure in the bond market despite inflation coming in below estimates.
美国芯片制造商美光科技因财报表现优于预期，盘后交易中股价上涨0.6%。
US chipmaker Micron Technology’s shares rose 0.6% in after-hours trading due to its better-than-expected earnings.
美国30年期抵押贷款平均利率上周升至7.3%，创下自2023年11月以来的最高水平。
The average interest rate on 30-year mortgages rose 7.3% last week in the US, reaching the highest level since November 2023.
周三，道琼斯工业平均指数下跌0.86%，标普500指数下跌0.25%，纳斯达克指数上涨0.24%。美国股市周四开盘走势向好。
The Dow Jones Industrial Average fell 0.86% and the S&P 500 dropped 0.25%, while the Nasdaq gained 0.24% on Wednesday. American indexes started Thursday on a positive trend.
与此同时，受能源成本上升引发通胀担忧并对债券市场造成压力影响，欧洲股市周三收盘走低。
Meanwhile, European stock markets traded lower on Wednesday amid rising energy costs fueling inflation concerns and pressuring the bond market.
由于中东冲突升级推高了能源成本，德国9月份年度通胀率升至3.3%，超出预期。鉴于此数据，欧洲央行更有可能继续维持紧缩的货币政策。
Germany’s annual inflation rose above expectations to 3.3% in September due to escalating Middle East conflict driving up energy costs. The European Central Bank (ECB) is more likely to continue its tight monetary policy given this data.
英国经济第二季度环比增长0.5%，同比增长1.4%，超出预期。货币市场估算显示，英国央行有85%的可能性会加息。
The UK economy grew 0.5% quarter-on-quarter and 1.4% on an annual basis in the second quarter, exceeding expectations. The Bank of England (BoE) is expected to hike rates with an 85% possibility, money market estimates show.
周三，英国的富时100指数下跌0.29%，德国的DAX指数下跌0.79%，法国的CAC 40指数下跌0.89%，意大利的FTSE MIB 30指数也下跌了0.84%。周四欧洲股市开盘时呈现下跌趋势。
The UK’s FTSE 100 fell 0.29%, Germany’s DAX 40 declined 0.79%, France’s CAC 40 dropped 0.89%, and Italy’s FTSE MIB 30 was down 0.84% on Wednesday. European indexes opened Thursday on a negative trend.
临近周四收盘时，亚洲股市开始回升：由于市场对美联储加息的预期有所缓解，同时美光科技（Micron）公布的业绩超出预期，这对该公司的股价以及日本和韩国的芯片制造商产生了积极影响。
Near Thursday’s close, Asian equity markets traded higher as Fed rate hike expectations eased and Micron’s better-than-expected earnings positively impacted chipmaker shares in Japan and South Korea.
9月份，日本的制造业采购经理人指数（PMI）达到了54.1，符合市场预期。
Japan’s manufacturing Purchasing Managers’ Index (PMI) reached 54.1 in September, within estimates.
韩国的出口额同比增长83.5%，远超预期；这一增长主要得益于半导体出货量的创纪录增长——全球对人工智能（AI）的投资持续推动了对芯片的需求。
South Korea’s exports exceeded expectations by rising 83.5% on an annual basis, driven by record levels of semiconductor shipments as global artificial intelligence (AI) investment continues to boost chip demand.
周四收盘前，日本的日经225指数上涨了2.9%，韩国的KOSPI指数上涨了1.9%；而中国和香港的股市因节假日暂停交易。
Japan’s Nikkei 225 rose 2.9% and South Korea’s Kospi climbed 1.9% near Thursday’s close, while trading is suspended in Chinese and Hong Kong markets due to a holiday.