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宏观策略(外汇期货(美元指数))
美国务卿称美乌日内瓦会谈“富有成效”
美国提出的俄乌解决方案目前来看进展有限,市场风险偏好短期企稳,美元走势震荡。

宏观策略(美国股指期货)
美联储威廉姆斯:近期仍有进一步降息的空间
降息预期发酵,市场情绪企稳,但对AI泡沫的担忧仍未彻底打消,美股反弹但科技板块涨幅落后。

宏观策略(股指期货)
住建部召开全国城市更新工作推进会
从边际上看,美国流动性预期有所缓和、AI业绩仍有支撑、国内政策呵护股市的诉求仍在,因此我们认为A股虽然遭遇大幅回调,但后续有望稳住跌势。

农产品(豆油/菜油/棕榈油)
11月1-20日马来西亚棕榈油产量环比上涨10.32%
美国能源部重组,马棕产量继续上涨

黑色金属(螺纹钢/热轧卷板)
世界钢协:2025年10月全球粗钢产量1.433亿吨
近期钢价趋势性驱动依然不强,钢价估值并不高,由于制造业和外需的韧性,也难以给出铁水大幅下滑预期。不过现实基本面矛盾依然有待于化解,预计短期钢价仍震荡运行。

能源化工(原油)
美国石油钻机数量上升
油价延续跌势,风险溢价回落。

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