Caterpillar Inc (CAT) 加自选

铜价预测——强劲的结构性需求支撑盘整后铜价上涨。2025年，铜价在电气化、人工智能基础设施和电网扩张的推动下上涨，可能面临库存增加和中国需求疲软的短期波动，但由于持续的通货膨胀、宽松的金融环境和美元疲软，长期前景仍然乐观。

Copper Price Forecast – Strong Structural Demand Supports Higher Prices After Consolidation.Copper's 2025 rally driven by electrification, AI infrastructure, and power grid expansion may face short-term volatility from rising inventories and softer China demand, but the long-term outlook remains bullish due to persistent inflation, loose financial conditions, and a weaker US dollar.

英镑和欧元因制造业反弹而上涨。英镑兑欧元小幅走高，此前英国PMI数据强于预期，而单一货币保持坚挺，欧元区制造业近三年来首次恢复扩张。最新--汇率：英镑至欧元（GBP/EUR）：1.14389英镑至美元（GBP/USD）：1.34787欧元至。

Pound Sterling and Euro Gain on Manufacturing Rebound.The Pound Sterling edged slightly higher against the euro after stronger-than-expected UK PMI data, while the single currency held firm as Eurozone manufacturing returned to expansion territory for the first time in nearly three years. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.14389Pound to Dollar (GBP/USD): 1.34787 Euro to.

一周前：关税裁决后，美元还有支撑力吗？。最高法院驳回了特朗普总统使用紧急权力征收广泛关税的做法。法院没有对退款作出裁决。

Week Ahead: Does the Dollar Still Have Legs After the Tariff Ruling?.The Supreme Court struck down President Trump's use of emergency powers to impose widespread tariffs. The court did not rule on refunds.

关税、美联储和伊朗：三个考验，一个有弹性的市场。上周，全球市场被迫面对三大发展，每一个都有可能破坏市场稳定。投资者没有在法律、货币和地缘政治冲击的重压下屈服，而是以惊人的冷静做出了回应。

Tariffs, Fed and Iran: Three Tests, One Resilient Market.Global markets were forced to face three major developments last week, each capable on its own of destabilizing sentiment. Instead of buckling under the weight of legal, monetary, and geopolitical shocks, investors responded with surprising composure.