Convera strategist Antonio Ruggiero said higher UK gilt yields should support the pound versus lower-yielding safe-haven currencies, but markets have largely priced a larger Bank of England tightening, limiting further upside. He expects GBP/EUR to trade around 1.1920-1.20.

美聯儲洛根：儘快實現前景、通脹與就業風險之間的平衡至關重要。

Li Qiusuo, chief domestic strategist at China International Capital Co, said external disturbances have shown signs of abating and corporate earnings remain resilient; if external shocks marginally ease, the market could see early valuation repair. Through Q3, A-share revenue and earnings growth outpaced nominal GDP and non-financial corporate profits remain stable, with AI and energy sectors providing meaningful support. Broad-index valuations have fallen materially: the CSI300 forward P/E is near its 10-year average while the ChiNext forward P/E sits at historical extremes, leaving overall market valuation attractive and vulnerable to recovery if risks subside. He recommends a tech-plus-dividend barbell allocation, expects the next phase to be structurally driven, and flags sustained AI momentum and higher conviction in tech hardware (optical communications, semiconductor equipment, and sectors tied to upstream power bottlenecks); among cyclicals he highlights chemicals, petrochemicals and construction machinery as showing improving supply-demand and potential earnings-recovery upside.