交易日：鲍威尔讲话，银行业绩令人宽慰。理解推动全球市场的力量

Trading Day: Powell remarks, bank results offer relief.Making sense of the forces driving global markets

美联储的柯林斯：鉴于通胀风险降低和就业市场担忧，进一步降息似乎是“谨慎的”。。美联储的柯林斯：鉴于通胀风险降低和就业市场担忧，进一步降息似乎是“谨慎的”。

Fed's Collins: Seems ‘prudent' to cut rates further given lower inflation risks, job market concerns..Fed's Collins: Seems ‘prudent' to cut rates further given lower inflation risks, job market concerns.

周二，华尔街经历了一个动荡的交易日，投资者在主要积极的银行盈利、美联储的评论和持续的美中贸易紧张局势之间取得了平衡。标准普尔500指数未能持续反弹，收盘下跌0.2%，而纳斯达克指数在英伟达等科技股的压力下下跌0.8%，道琼斯指数上涨203点。花旗集团（+3.9%）、富国银行（+7.1%）、摩根大通（-1.9%）和高盛（-2%）等主要银行的业绩好于预期，支撑了金融业，尽管一些表现优异的银行在早盘上涨后有所回落。在中国制裁韩国韩华海洋公司的五家美国分公司，加剧海上贸易紧张局势，而特朗普总统威胁要采取贸易措施，包括削减食用油出口后，股市最初出现抛售。美联储主席杰罗姆·鲍威尔的言论增强了人们对10月可能降息的预期，并暗示美联储可能会暂停削减资产负债表。

Wall Street experienced a volatile session on Tuesday as investors balanced mostly positive bank earnings, Federal Reserve comments, and ongoing US-China trade tensions. The S&P 500 was unable to sustain its rebound and closed down 0.2%, while the Nasdaq fell 0.8%, pressured by tech names such as Nvidia, and the Dow rose 203 points. Major banks, including Citigroup (+3.9%), Wells Fargo (+7.1%), JPMorgan (-1.9%), and Goldman Sachs (-2%), delivered better-than-expected results, supporting the financial sector despite some outperformers retreating after early gains. Stocks initially sold off after China sanctioned five US units of South Korea’s Hanwha Ocean, heightening maritime trade tensions, while President Trump threatened trade measures, including curtailing cooking oil exports. Federal Reserve Chair Jerome Powell’s remarks bolstered expectations for a potential October rate cut and suggested the central bank may pause balance sheet reductions.

周二，美元指数跌至99点，投资者消化了美联储主席杰罗姆·鲍威尔强调劳动力市场疲软的言论，这增强了人们对即将降息的预期。持续的联邦政府停摆限制了关键经济数据的发布，使短期增长信号不明确，并使人们越来越关注政策发展。与此同时，随着中国最近制裁韩国韩华海洋公司（Hanwha Ocean）与美国有关联的部门，市场在特朗普-西（Trump-Xi）可能举行会议之前继续跟踪美中贸易紧张局势，这给全球商业前景增加了不确定性。

The dollar index fell toward 99 on Tuesday as investors digested remarks from Federal Reserve Chair Jerome Powell highlighting a weakening labor market, which reinforced expectations for an imminent rate cut. The ongoing federal government shutdown has limited the release of key economic data, keeping near-term growth signals unclear and increasing focus on policy developments. Meanwhile, markets continued to track US–China trade tensions ahead of a potential Trump-Xi meeting, with China recently sanctioning US-linked units of South Korea’s Hanwha Ocean, adding uncertainty to the outlook for global commerce.