German consumer confidence slipped in November as energy cost rises tied to the Iran war continued to pressure household finances, Nuremberg-based Institute for Market Decisions (NIM) and GfK said on Wednesday. GfK’s November consumer confidence index fell to -30.8 from -30.6 in October. NIM consumer sentiment head Rolf Buerkl said rising inflation concerns and a weak income outlook are keeping consumers doubtful about their personal finances and curbing willingness to make big-ticket purchases,

Asset managers and the San Francisco Fed warn that a surge in AI capital spending and equity wealth effects is lifting U.S. demand and making the Fed’s job of cooling inflation harder. PIMCO says AI-related investment is relatively insensitive to rate moves, so further Fed hikes may first depress real estate and other traditional sectors rather than AI capex; it recommends more gradual tightening to avoid disproportionate shocks to non-AI industries. The San Francisco Fed sees AI infrastructure lifting tech-equipment demand and prices but finds limited spillover of AI-driven price pressure to other sectors so far; it notes long-run productivity gains could ease inflation even as short-term capex raises prices. Goldman Sachs Asset Management estimates about $1trn of AI capex plus government spending has lifted activity and cites a tracked U.S. Q3 GDP of ~3.4%; it says AI-related tech price rises are boosting goods inflation and expects one more Fed hike this year, with further tightening into 2027 not assured if inflation normalizes. Morgan Stanley flags strong data-center demand but rising financing costs: since January the U.S. 5-year Treasury yield is up over 100bps and data-center credit spreads have widened, increasing funding headwinds for AI projects. BlackRock warns ROI and financing sustainability need closer scrutiny and that higher energy and resource demand for AI infrastructure could create new supply bottlenecks and inflationary pressure. Citi Wealth Management and U.S. Bank say AI investment is extending into the real economy and supporting corporate investment and consumption, but persistent inflation, high rates and geopolitical risk keep conditions volatile; a sharp pullback in AI capex would amplify slowdown risk as high rates squeeze financing.

以色列选举出口民调显示选情陷入僵局之际，美元兑以色列谢克尔汇率上涨0.28%，报1美元兑3.06谢克尔。