每周底线：与中国的贸易紧张局势缓和。加拿大政府本周成为焦点，因为加拿大经济数据相对清淡。本周，加拿大金融市场的波动性也有所回落，主要受边境以南事态发展的影响。

The Weekly Bottom Line: Trade Tensions with China Simmer Down.Canadian governments were in the spotlight this week amid a relatively light calendar for Canadian economic data. Volatility in Canadian financial markets also scaled back this week, mostly taking cues from developments south of the border.

天然气价格预测：支持3.23美元。天然气继续下跌，接近3.23美元的关键斐波那契支撑位，多个看跌信号和确认的每周下跌增加了下行压力。

Natural Gas Price Forecast: Eyes Support at $3.23.Natural gas extended its decline, approaching key Fibonacci support at $3.23, with multiple bearish signals and a confirmed weekly breakdown adding downside pressure.

在纽约，道琼斯指数周五上涨332点，涨幅0.78%。涨幅最大的是联合健康（6.46%）、3M（2.94%）和默克（1.87%）。跌幅最大的是思科系统（-1.00%）、雪佛龙（-0.18%）和波音（-0.15%）。

In New York, the Dow Jones Index rose 332 points or 0.78 percent on Friday. Leading the gains are UnitedHealth (6.46%), 3M (2.94%) and Merck (1.87%). Top losers were Cisco Systems (-1.00%), Chevron (-0.18%) and Boeing (-0.15%).

长期证券、短期美国证券和银行流量的净外国收购为2543亿美元的净TIC流入。其中包括2592亿美元的外国私人净流入，部分被外国官方机构49亿美元的净流出所抵消。外国居民增持了长期美国证券，净购买总额为1832亿美元，其中私人投资者净购买1460亿美元，官方机构净购买373亿美元。与此同时，美国居民增持了长期外国证券，净购买额为215亿美元。考虑到调整因素，包括通过股票互换估计的外国对美国股票的收购，外国对长期证券的总体净购买额估计为1618亿美元。

Net foreign acquisitions of long-term securities, short-term US securities, and banking flows was a net TIC inflow of $254.3 billion. This included $259.2 billion in net private foreign inflows, partially offset by $4.9 billion in net outflows from foreign official institutions. Foreign residents boosted their holdings of long-term US securities, with net purchases totaling $183.2 billion—$146.0 billion by private investors and $37.3 billion by official institutions. Meanwhile, US residents increased their holdings of long-term foreign securities, recording net purchases of $21.5 billion. After accounting for adjustments, including estimated foreign acquisitions of US stocks via stock swaps, overall net foreign purchases of long-term securities were estimated at $161.8 billion.