瑞郎/人民币 (CHFCNY) 加自选

瑞士法郎兑美元贬值至0.89左右，为7月中旬以来的最低水平，受美元走强的压力，此前美国持续强劲的经济数据增强了人们对美联储需要放缓降息步伐的预期。投资者也对唐纳德·特朗普政府提出的政策的潜在通胀影响保持谨慎。在国内，瑞士国家银行（SNB）主席马丁·施莱格尔重申，央行将继续将低通胀作为其货币政策的基石。他强调，将通胀率维持在0-2%的范围内，对瑞士经济近年来的强劲表现至关重要。最近通货膨胀的下降趋势引发了市场对瑞士央行今年和2025年进一步降息以抵御通货紧缩风险的预期。2024年10月，瑞士的年通货膨胀率连续第三个月降至0.6%，为2021年6月以来的最低水平。

The Swiss franc depreciated to around 0.89 per USD, its lowest since mid-July, pressured by a strengthening dollar after ongoing US strong economic data reinforced expectations the Federal Reserve would need to slow the path of rate cuts. Investors also remained cautious about the potential inflationary impact of policies proposed by Donald Trump’s administration. Domestically, Swiss National Bank (SNB) Chairman Martin Schlegel reiterated that the central bank will continue to prioritize low inflation as the cornerstone of its monetary policy. He emphasized that maintaining inflation within the 0-2% range has been crucial to the Swiss economy's strong performance in recent years. The recent downward trend in inflation has stoked market expectations of more interest rate cuts by the SNB this year and into 2025 to head off deflationary risks. The annual inflation rate in Switzerland eased for the third month to 0.6% in October 2024, the lowest since June 2021.

瑞士央行行长强调应对通胀是主要目标。瑞士国家银行主席马丁·施莱格尔周五表示，瑞士国家银行将继续将低通胀作为其货币政策的试金石，强调了与9月卸任的前任托马斯·乔丹的连续性。

Swiss National Bank chief stresses tackling inflation as main goal.The Swiss National Bank will continue to target low inflation as the touchstone of its monetary policy, Chairman Martin Schlegel said on Friday, underlining continuity with predecessor Thomas Jordan who stepped down in September.

10年期瑞士政府债券的收益率约为0.35%，接近2022年初以来的最低水平，交易员正在评估美联储的货币政策前景和持续的全球经济风险。在国内，瑞士国家银行董事会成员Petra Tschudin最近表示，通货膨胀率在0-2%的理想范围内。10月份的通货膨胀率降至0.6%，为2021年6月以来的最低水平，这加剧了分析师对瑞士央行将在12月进一步降息的预期。与此同时，瑞士央行副主席Antoine Martin在11月初表示，央行不承诺在12月进一步降息，并指出决定将取决于当时的经济状况。

The yield on the 10-year Swiss government bond was around 0.35%, holding close to its lowest since early 2022, with traders assessing the Federal Reserve's monetary policy outlook and ongoing global economic risks. Domestically, Swiss National Bank governing board member Petra Tschudin recently stated that inflation was comfortably within the desired range of 0-2%. Inflation in October fell to 0.6%, its lowest level since June 2021, fueling analysts' expectations that the SNB will proceed with further rate cuts in December. Meanwhile, SNB Vice Chairman Antoine Martin said in early November that the central bank is not committed to further cuts in December, noting that decisions will depend on economic conditions at the time.

上证综指下跌3.06%，收于3267点，而深证成分股周五暴跌3.52%，收于10439点，创下三周来的最低水平，因对中国经济和企业表现的担忧给市场带来了沉重压力。投资者对中国刺激措施在推动经济增长方面的有效性越来越不确定，而对即将上任的特朗普政府提高关税的担忧给经济前景带来了进一步的压力。随着市场为关税的潜在影响做好准备，中国主要公司下调盈利也抑制了市场情绪。科技股受创最为严重，东财信息（-5.4%）、海能达通信（-10%）、四川长虹（-9.7%）、深圳H&T（-6.2%）和曙光信息（-5.2%）均大幅下跌。

The Shanghai Composite dropped 3.06% to close at 3,267, while the Shenzhen Component plunged 3.52% to 10,439 on Friday, marking their lowest levels in three weeks as concerns over China’s economic and corporate performance weighed heavily on the market. Investors grew increasingly uncertain about the effectiveness of China’s stimulus measures in driving economic growth, while fears of higher tariffs under the incoming Trump administration added further pressure to the economic outlook. Downward earnings revisions from major Chinese companies also dampened sentiment, as markets braced for the potential impact of tariffs. Technology stocks were the hardest hit, with significant losses from East Money Information (-5.4%), Hytera Communication (-10%), Sichuan Changhong (-9.7%), Shenzhen H&T (-6.2%), and Dawning Information (-5.2%).