橡胶 (Rubber) 加自选

野口勇表示，随着日元疲软成为问题，日本央行可以逐步重启加息。日本央行董事会成员野口朝日今天表示，一旦美国关税风险消退，央行可能会恢复加息，但强调任何紧缩措施都必须“循序渐进”。

Noguchi says BoJ can restart hikes gradually as Yen weakness turns problematic.BoJ board member Asahi Noguchi said today that the central bank could resume interest rate hikes once U.S. tariff risks recede, but emphasized that any tightening must “measured, step-by-step”.

英国《金融时报》：中国旨在用自己的技术取代外国进口，并主导出口。中国正在迅速缩小外国公司与中国进行贸易的空间，追求自力更生压倒开放的模式。正如英国《金融时报》所言，北京越来越认为没有进口产品是它最终无法重新设计、生产成本更低和控制国内的。

FT: China aims to replace foreign imports with its own tech and dominate exports.China is rapidly narrowing the space for foreign companies to trade with it, pursuing a model in which self-reliance overrides openness. As the FT argues, Beijing increasingly sees no imported product it cannot eventually redesign, produce more cheaply and control domestically.

惠誉警告称，日本的新刺激计划可能会给其A/稳定评级增加财政风险。惠誉评级警告称，如果日本的新刺激计划导致政策持续放松并推高政府债务，可能会增加财政风险。尽管该方案规模庞大，约占GDP的3.4%，但惠誉表示，其真正的财政影响尚不清楚，因为一些措施是非财政性的，分散在多年内，或者面临实施风险。

Fitch warns Japan's new stimulus could add fiscal risk to its A/Stable rating.Fitch Ratings warned that Japan's new stimulus package could add fiscal risks if it leads to a sustained loosening of policy and pushes government debt higher. While the package is large — roughly 3.4% of GDP — Fitch said its true fiscal impact is unclear because some measures are non-fiscal, spread over multiple years, or face implementation risk.

Wood Mackenzie：中国石油需求接近峰值，到2027年增长率将降至零。Wood Mackenzie预计，随着中国接近石油消费峰值，未来几年中国的石油需求增长将大幅放缓，到2027年将接近零。

Wood Mackenzie: China nearing peak oil demand as growth drops toward zero by 2027.Wood Mackenzie expects China's oil demand growth to slow sharply over the next few years, approaching zero by 2027 as the country nears peak consumption.