Trump's Policies Stir Inflation Fears, Global Markets React
Trump's Policies Stir Inflation Fears, Global Markets React
Attention in Asia this week will focus on Bank of Japan Governor Kazuo Ueda, who is set to speak on Monday. Markets are closely watching for signals on potential rate hikes, with swaps data suggesting about 14 basis points of increases in December. Barclays strategists indicated that Ueda's remarks will be crucial for gauging the central bank's policy direction, particularly as the yen faces mounting pressure.
Asian markets are bracing for a mixed start to the week as traders adjust to ongoing uncertainties surrounding Federal Reserve policy and global economic conditions. This follows a 1.3% decline in the S&P 500 on Friday, which erased over half of the index's post-US election gains.
亞洲市場正準備迎接一個混合的開局，因爲交易者在調整對聯儲局政策和全球經濟狀況的持續不確定性的應對。這發生在標準普爾500指數週五下跌1.3%，抹去了超過一半的美國選舉後漲幅。
Concerns over President-elect Donald Trump's proposed fiscal policies, including potential tariffs and tax cuts, have sparked fears of rekindling inflation in an already robust US economy. Analysts are now debating whether the Federal Reserve will proceed with a rate cut in December, with the likelihood falling below 50%. Shane Oliver, Chief Economist at AMP Ltd. in Sydney, noted that while another cut is still plausible, "a slower pace of easing is likely next year."
對特朗普當選總統所提出的財政政策擔憂，包括潛在的關稅和減稅措施，已經引發了人們對已經強勁的美國經濟重新引發通脹的擔憂。分析師目前正在辯論聯儲局是否會在12月進行減息，可能性已經降至50%以下。悉尼AMP有限公司首席經濟學家Shane Oliver指出，雖然另一次減息仍然可能，但"下一年可能會有更慢的放緩節奏。"
The dollar held steady in early trading after notching a seventh consecutive weekly gain, supported by surging Treasury yields.Commodities also presented a mixed picture, with oil prices slipping and gold climbing.
美元在早盤交易中持穩，此前連續第七週上漲，受到不斷攀升的國債收益率的支撐。商品市場呈現出褒貶不一的態勢，原油價格下滑，黃金上漲。
Attention in Asia this week will focus on Bank of Japan Governor Kazuo Ueda, who is set to speak on Monday. Markets are closely watching for signals on potential rate hikes, with swaps data suggesting about 14 basis points of increases in December. Barclays strategists indicated that Ueda's remarks will be crucial for gauging the central bank's policy direction, particularly as the yen faces mounting pressure.
本週亞洲市場的關注重點將集中在日本銀行行長上田和夫，他將在週一發表講話。市場密切關注潛在升息信號，掉期數據顯示12月可能會有約14個點子的加息。巴克萊策略師指出，上田的講話將對衡量央行政策方向至關重要，尤其是在日元面臨越來越多壓力的情況下。
Inflation readings from the UK and eurozone will also be key to assessing monetary policy in these regions.
英國和歐元區的通脹數據對評估這些地區的貨幣政策也至關重要。
Key market movements early Monday included a 0.4% decline in Australia's S&P/ASX 200 and a 0.2% gain in Hang Seng futures. West Texas Intermediate crude fell 0.4% to $66.77 a barrel, while spot gold rose 0.3% to $2,569.73 an ounce.
週一早盤的關鍵市場動態包括澳大利亞標普/ASX 200指數下跌0.4%，恒生指數期貨上漲0.2%。西德克薩斯中質原油價格下跌0.4%，至每桶66.77美元，而現貨黃金上漲0.3%，至每盎司2,569.73美元。
In the corporate sphere, Nvidia's upcoming earnings report could test the durability of the AI-driven stock rally, with analysts forecasting strong demand for GPUs to bolster the company's performance.This week's calendar includes several critical events, such as the Group of 20 Summit in Brazil, eurozone and UK inflation data, and multiple speeches from central bank officials.
在企業領域，英偉達即將發佈的收益報告可能會測試人工智能驅動股市上漲的持久性，分析師預測對GPU的強勁需求將提振該公司的表現。本週日曆包括多個關鍵事件，如在巴西舉行的二十國集團峯會、歐元區和英國的通脹數據，以及多位央行官員的多次講話。
Bloomberg
彭博社報道。
譯文內容由第三人軟體翻譯。
