木 (Lumber) 加自选

加拿大大幅降息。在欧元区，焦点转向10月份的PMI。我们预计，由于PMI指数的构建方式，制造业将继续处于收缩状态，同时仍将从45.0微升至45.4。

Big Rate Cut in Canada.In the euro area, focus turns to the October flash PMIs. We expect the manufacturing sector to remain in contractionary territory, while still edging up to 45.4 from 45.0, due to the way in which the PMI index is constructed.

周四，新西兰元兑美元汇率保持在0.601美元左右，接近两个多月来的低点，因为人们越来越期望美联储在未来几个月内将适度降息，唐纳德·特朗普赢得2024年总统大选的可能性也在上升，美元走强。在国内，新西兰元面临进一步的压力，因为新西兰储备银行预计将在11月的最后一次会议上再次降息50个基点，市场预计有75个基点的风险。此举将标志着央行今年第三次降息，此前8月降息25个基点，10月降息50个基点。

The New Zealand dollar held around $0.601 on Thursday, trading close to an over two-month low as the US dollar strengthened amid growing expectations that the Federal Reserve will pursue modest interest rate cuts in the months ahead and the rising odds of Donald Trump winning the 2024 presidential election. Domestically, the Kiwi faced further pressure as the Reserve Bank of New Zealand is expected to deliver another 50-bps rate cut at its final meeting of the year in November, with markets pricing some risk of a 75-point move. Such a move would mark the central bank’s third interest rate reduction this year, following a 25-bps cut in August and 50-bps reduction in October.

中国银行降息50个基点，旨在坚持通胀控制。由于通货膨胀达到了央行的目标，中国银行在10月份将利率下调了50个基点。龙尼对这个消息的反应到底是什么？

BOC Cuts Rates by 50bps, Now Aims to Stick the Landing on Inflation Control.BOC cut its interest rates by 50bps in October as inflation hit the central bank's targets. How exactly did the Loonie react to the news?

新西兰股市周四早盘下跌50点，跌幅0.4%，至12734点，在华尔街周三暴跌后，新西兰股市第三个交易日下跌，原因是美国国债收益率上升、美元升值和即将到来的11月大选导致市场波动加剧。与此同时，新西兰储备银行行长阿德里安·奥尔在周三的国际货币基金组织和世界银行年会上表示，新西兰的货币政策在未来几个季度仍将保持限制性，现金利率将保持在限制支出和通胀压力的水平。缓解看跌情绪的是，有猜测称，中国可能会设立2万亿元人民币的市场稳定基金来支持其资本市场。非能源矿产、公用事业和消费服务拖累NZX 50。在单股中，Vista Group Intl.跌幅最大（-2.6%），其次是Mercury NZ有限公司（-2.3%）、South Port NZ（-1.8%）、Winton Land有限公司（-1.4%）和Freightways Group（-1.0%）。

New Zealand's equities slipped 50 points or 0.4% to 12,734 in Thursday morning trade, retreating for the third session after Wall Street plunged on Wednesday due to increased market volatility stemming from higher US Treasury yields, a rising dollar, and the upcoming November election. Meanwhile, RBNZ Governor Adrian Orr said during the IMF and World Bank Annual Meetings Wednesday that monetary policy in New Zealand will remain restrictive in forthcoming quarters and that the cash rate will stay at a level that constrains spending and inflation pressures. Mitigating the bearish mood was speculation that top trading partner China might set a CNY 2 trillion market stabilization fund to support its capital market. Dragging down the NZX 50 was non-energy minerals, utilities, and consumer services. Among single shares, Vista Group Intl. dipped the most (-2.6%), followed by Mercury NZ Ltd. (-2.3%), South Port NZ (-1.8%), Winton Land Ltd. (-1.4%), and Freightways Group (-1.0%).