10月12日盘初，DR007小幅回落至1.3500%，显示流动性压力进一步缓和，资金供需整体平稳。央行开展500亿元7天期逆回购操作，投标量和中标量均为500亿元，操作利率为1.40%，与此前持平。 -------- 注：短期货币市场利率如DR007，反映的是市场资金充裕程度。除了实体经济贷款利率，股市、债市等金融市场很多交易本质上是靠“贷款”加杠杆，贷款成本就取决于短期资金利率。DR007通常被视为中国短端利率锚。DR007与央行7天逆回购利率（政策利率）之间的差距就可以看出市场是否缺钱，DR007利率高于政策利率很多，说明市场缺钱，央行可能会出手投放流动性；反之说明市场资金非常宽松。

China Merchants Securities says over the next 3–6 months prioritize three sequential opportunities: first, after 10-year UST yields confirm a reversal lower expect a broad tech recovery — initial beneficiaries include AI/compute chips, memory/storage, semiconductor equipment and materials, PCB and liquid-cooling; second, with external-domestic synchronization domestic demand and procyclical sectors should widen — watch food & beverage, home appliances, trade & retail, construction machinery and chemicals; third, if equity indices lead with a sizable pullback, focus on low-PB stocks and brokerages positioned for M&A and restructuring.

IEA recommends member countries that have not yet delivered their pledged releases accelerate remaining disbursements and prioritize diesel.