1、摩根大通仍看多全球股票，但當前更偏美國和亞洲；歐洲估值和倉位可能有修復機會，不過主權債和政治風險仍限制其確定性。 2、具體配置上， AI交易正在從單一“半導體 vs 軟件”框架轉向更分散的配置。科技多頭應同時覆蓋AI推理基礎設施、半導體設備等長週期基礎設施、槓桿較低的超大規模雲廠商、AI應用軟件，以及部分具備機會的AI受衝擊公司。換而言之，AI投資主線已從單一硬件擴展到基礎設施、雲和應用多個層級。（摩根大通10月13日報告）

UAE central bank governor expects GDP to expand 10% in 2027.

German chancellor Merz and Ukrainian president Zelenskiy see U.S. President Trump's proposed 'energy truce'—limited to Russian refineries—as too narrow and want any ceasefire to cover broader energy infrastructure. They say agreements banning strikes should include Ukrainian power infrastructure as well as Russian refineries, expect other EU leaders to back the position at this week's Brussels summit, and call on Moscow to implement a truce protecting all energy facilities, sources said.