S&P cut Mercedes-Benz's rating to A-; outlook stable.

金價從3900美元下方殺回4100美元上方，漲勢看着夠猛。可價格漲回來了，市場就真的重新看好黃金了嗎？這場反攻裏，買入的人究竟在打什麼算盤？

Saxo Bank chief investment strategist Charu Chanana said after overnight steep losses on Wall Street it is still too early to conclude the market has entered a bear market. She said the decline mainly reflects panic, forced liquidations and deteriorating sentiment; while selling has broadened, the impact so far is concentrated in the AI investment cycle, regulatory uncertainty and crowded positioning. The key question is whether weakness will spread to corporate earnings, credit conditions, employment and economic growth. Extreme liquidation could also create conditions for a rebound. She added: "Once selling pressure eases, the market may rally quickly, sometimes even before economic data show clear improvement."