花旗：基准情景显示，受美国关税及库存动态带来的阻力影响，铜价预计将于2026年第四季度温和回落至12,000美元/吨。

A股光纤概念板块走势分化，杭电股份盘中创新高，通鼎互联封板涨停，新能泰山、云南锗业、大族激光跟涨；法尔胜跌超7.5%，致尚科技跌超5%，福晶科技、光库科技、长飞光纤等跟跌。

Conditions in the American labor market remain remarkably stable. Labor market demand, albeit soft by recent standards, is more than sufficient to keep the unemployment rate from rising as the economy adjusts to a historic supply shock that will soon erase nominal wage gains that is causing household consumption to slow. Thus, an uneasy status quo best described as a low hire, low fire labor market remains intact.