全球市场的抛售压力在美联储月度通胀数据符合预期、上涨0.6%，而年度通胀高于预期、加速至3.7%之后进一步加剧。
The selling pressure in global markets intensified after the US monthly inflation rose within expectations by 0.6%, while the annual inflation accelerated above estimates by 3.7%.
根据美国劳工统计局周三的数据，美国月度通胀升至五个月来的高点，年度通胀则达到四个月来的最高水平。这些发展助长了美联储的鹰派预期。
While the US inflation hit a five-month high month-on-month, the annual inflation reached its highest in four months, according to the Bureau of Labor Statistics on Wednesday. These developments fueled the US Federal Reserve’s hawkish expectations.
与此同时，汽油价格环比上涨9.1%，占当月整体消费者通胀上涨幅度的一半以上。
At the same time, gas prices jumped 9.1% over the month, making up more than half of the overall monthly increase of consumer inflation.
美国核心消费者价格指数（CPI），即剔除能源和食品价格后的指数，环比上涨0.3%，同比上涨2.6%，高于预期。
The US’ core consumer price index (CPI), excluding energy and food prices, rose 0.3% month-on-month and 2.6% on an annual basis, above estimates.
里士满联储行长汤姆·巴尔金表示，美国CPI数据超出了他的预期，而将于周四公布的生产者价格指数（PPI）将有助于评估通胀前景，但他拒绝就美联储本月的政策路径进行猜测。
Richmond Fed President Tom Barkin said the US CPI figures exceeded his expectations and that the producer price index (PPI) to be released on Thursday will help assess the inflation outlook, while refusing to speculate on the Fed’s policy roadmap for this month.
芝加哥联储行长奥斯坦·古尔斯比表示，9月的CPI“令人沮丧”，服务业通胀也引发担忧，他指出，面对强劲的经济但高企的通胀，美联储如何评估当前形势仍不明朗。
Chicago Fed President Austan Goolsbee said the September CPI was “discouraging,” while the service inflation was also causing concerns, noting that it remains unclear how the Fed will assess the current situation, faced with a strong economy but high inflation.
与此同时，美联储的《褐皮书》显示，美国部分地区的价格压力依然存在并有所加剧。
Meanwhile, the Fed’s Beige Book showed that price pressures remained and intensified in some regions of the US.
鉴于近期发展，市场预期美联储本月降息的概率从22%升至73%。
Markets expect the Fed to cut rates this month with a 73% probability, up from 22%, given the recent developments.
在通胀加速、鹰派预期升温的背景下，科技股应声下跌，同时人们对人工智能（AI）投资盈利能力的担忧也在加剧；此外，中东局势发展导致油价上涨，进一步引发市场对央行可能需要收紧货币政策的担忧。
Tech stocks tumbled with growing hawkish expectations amid accelerating inflation, coupled with concerns over artificial intelligence (AI) investment profitability, while rising oil prices due to the developments in the Middle East fueled concerns that central banks may need to be tighter on monetary policy.
美国10年期国债收益率下跌九个基点至5.11%，美元贬值0.2%至102.1。
The US 10-Year Treasury bond yield dropped nine basis points to 5.11%, and the US dollar depreciated 0.2% to 102.1.
12月交割的布伦特原油价格因美国总统特朗普正考虑放宽对来自俄罗斯、伊朗和委内瑞拉等受制裁国家的石油及石油产品运输船只的制裁而下跌1.7%，至每桶104.3美元。
December-delivery Brent crude oil declined 1.7% to $104.3 a barrel following reports that US President Donald Trump is considering easing sanctions on ships transporting oil and petroleum products from sanctioned countries like Russia, Iran, and Venezuela.
随着美国国债收益率和美元走低，且央行持续购买黄金，金价上涨1%，至每盎司4145美元。
Gold climbed 1% to $4,145 per ounce as bond yields and the US dollar fell, alongside continued central bank purchases.
同时，根据国际能源署9月报告，全球石油需求预计将在第四季度较去年同期下降250万桶/日，全年2026年平均下降260万桶/日。
At the same time, the global oil demand is expected to fall by 2.5 million barrels per day in the fourth quarter compared to the same period last year, and by an average of 2.6 million barrels per day for the entire 2026, according to the International Energy Agency’s September report.
俄罗斯副总理表示，一些俄罗斯炼油厂在维修后已恢复运行，且近几周工厂状况有所改善。美国银行也继续公布其第三季度财报。
Some Russian oil refineries were brought back online following repairs, while conditions at the plants improved in recent weeks, Russian deputy prime minister said. US banks also continued releasing their third-quarter earnings.
摩根士丹利的利润和收入好于预期，但其股价周三收盘下跌近3%。
Morgan Stanley’s profit and revenue came in better than expected, but its shares closed Wednesday down nearly 3%.
美国银行因被处以12亿美元罚款，其第三季度利润下降17%至69亿美元，股价下跌约5%，且其利润和收入报告未达预期。
Bank of America saw its third-quarter profit fall 17% to $6.9 billion following a $1.2 billion fine, while its shares lost around 5% and its profit and revenue reports did not meet expectations.
道琼斯工业平均指数周三下跌0.09%，标普500指数下跌1.11%，纳斯达克综合指数下跌1.88%。美股周四开盘延续跌势。与此同时，由于企业财报超出预期，欧洲股市整体呈积极趋势。
The Dow Jones Industrial Average fell 0.09%, the S&P 500 declined 1.11%, and the Nasdaq Composite was down 1.88% on Wednesday. American indexes started Thursday on a negative trend. Meanwhile, European stock markets traded on a mostly positive trend as corporate earnings exceeded expectations.
荷兰半导体公司ASML因上调前景指引，预计强劲的人工智能需求将持续，其股价上涨1.2%。
Dutch semiconductor firm ASML’s shares rose 1.2% after it raised its forward-looking guidance with expectations that the strong AI demand would continue.
防御公司伦克因收到坦克制造商KNDS价值1.3亿欧元（约1.459亿美元）的新订单，其股价飙升2.7%。英飞凌因行业整体卖压，其股价周三收盘下跌1.7%。
Defense firm Renk’s shares jumped 2.7% following a new order worth €130 million ($145.9 million) from tank-maker KNDS. Chipmaker Infineon closed Wednesday down 1.7% amid an industry-wide selling pressure.
注意力转向布鲁塞尔的会议，欧盟领导人将于周四讨论全球经济失衡问题。
Attention turned to the meetings in Brussels, where EU leaders will address global economic imbalances on Thursday.
鉴于这些发展，德国DAX 40指数上涨0.15%，英国富时100指数上涨0.7%，法国CAC 40指数上涨0.58%，而意大利富时MIB 30指数于周三下跌0.61%。欧洲指数周四开盘呈负面趋势。在周四收盘前夕，亚洲股市因科技股抛售压力而急剧下跌。
In light of these developments, Germany’s DAX 40 rose 0.15%, the UK’s FTSE 100 grew 0.7%, and France’s CAC 40 was up 0.58%, while Italy’s FTSE MIB 30 fell 0.61% on Wednesday. European indexes started Thursday on a negative trend. Near Thursday’s close, Asian equity markets sharply declined due to a selling pressure on tech stocks.
SK海力士股票下跌10.2%，三星电子下跌8.6%，LG Innotek下跌9.2%，铠侠下跌11.3%。
SK Hynix shares lost 10.2%, Samsung Electronics dropped 8.6%, LG Innotek fell 9.2%, and Kioxia declined 11.3%.
日本工业产出按月计下降2.4%，按年计上升2.7%，两者均低于预期。
Japan’s industrial production fell 2.4% on a monthly basis, while rising 2.7% year-on-year, both below expectations.
在交易收盘前夕，韩国Kospi指数下跌7%，日本日经225指数下跌4.5%，香港恒生指数下跌1.5%，中国上证综指下跌2%。
Near the close of trading, South Korea’s Kospi fell 7%, Japan’s Nikkei 225 declined 4.5%, Hong Kong’s Hang Seng decreased 1.5%, and China’s Shanghai Composite was down 2%.