新华财经纽约1月28日电（记者刘亚南）由于美国宏观经济和就业指标整体改善，美国联邦储备委员会 在28日结束的货币政策会议上决定维持利率不变，再次进入观望模式。 同时，围绕联邦政府政府对美联储的刑事调查、美国最高法院对联邦政府解雇美联储理事莉萨·库克案 的审理、新任美联储主席的提名、美联储内部运行等出现的挑战仍在继续发酵，美联储独立性成为绕不 开的话题。 宏观形势解读偏向乐观 联邦公开市场委员会当日发布的公告和美联储主席鲍威尔均描绘了较为乐观的宏观形势，从通胀和就业 形势两方面看，暂时没有继续降息的迫切性。当日的决定也与鲍威尔在12月货币政策会议后释放将暂停 降息的信号一致。 鲍威尔在28日午后举行的记者会上表示，美国经济去年以坚实的步伐扩张，并在进入2026年时表现坚 实。虽然新增就业岗位数量依然处于低位，但失业率已经表现出一些企稳迹象，通胀则依然在一定程度 上处于高位。 美国2025年第三季度美国国内生产总值环比按年率计算增长4.4%，四季度预计也会有不错的增速，去 年12月失业率则回落至4.4%。尽管消费者信心指数等仍然较为糟糕，决策者在通胀压力尚未缓解的情 况下倾向于继续观察。 鲍威尔对通胀形势给出相对 ...

Core Viewpoint - The recent land auction in Shanghai reflects a stable and rational trading atmosphere, with all three plots sold at their starting prices, indicating a continuation of the "outer replenishment and quality upgrade" supply logic in the Shanghai land market [1][2] Group 1: Auction Details - The auction on January 29, 2025, involved three plots of land with a total starting price of 4.018 billion yuan, all sold at the base price [1] - The three plots are located in the suburban areas of Songjiang and Qingpu, with two being pure residential land and one being a mixed-use plot [1] - The plots have a low plot ratio, all below 2.0, with Songjiang's and Qingpu's plots having a ratio of only 1.05, suitable for developing low-density improvement products [1] Group 2: Market Trends - The auction results indicate a continuation of the previous batch's market performance, with January being a traditional off-season for the market, leading to reduced land acquisition interest from real estate companies [2] - The three plots are located in non-traditional hot areas, and the acquisition prices align with market expectations [2] - Future land releases are anticipated to include high-quality plots in core urban areas, which may boost land acquisition enthusiasm [2]

Core Insights - The credit card industry in China is undergoing a significant transformation, moving away from a growth model reliant on scale expansion due to declining card issuance and rising delinquency rates [1][2][3] Industry Adjustment Period - As of Q3 2025, the total number of credit cards and combined lending cards in China has decreased to 707 million, down 8 million from Q2 2025 and a total reduction of approximately 100 million from the peak of 807 million in 2022, marking 12 consecutive quarters of decline [2] - The loan balance in the credit card sector is also contracting, with 18 out of 34 A-share listed banks reporting a year-on-year decline in credit card loan balances as of Q2 2025 [2] - The total overdue credit card loans reached 123.96 billion yuan by the end of 2024, accounting for 1.43% of the total credit card receivables, reflecting a year-on-year increase of 0.3 percentage points [2] Strategic Adjustments in the Credit Card Sector - The credit card industry is adjusting its operational strategies to focus on risk management and structural adjustments, emphasizing prudent and stable development [3] - Banks are exploring new business models through deepening engagement in consumer scenarios and leveraging technology to enhance service delivery [4] Technological Integration and Risk Management - The use of AI technology is being prioritized to improve operational efficiency, with a focus on customer lifecycle management and risk assessment [5][6] - Credit card issuance strategies are shifting towards targeting high-quality customer segments, with banks implementing differentiated approval and credit granting processes [6] Future Strategic Focus - The emphasis will be on returning to core consumer needs and enhancing localized operations to better serve customer demands [7] - Specific measures include optimizing product and benefit systems, enhancing customer management, and strengthening digital capabilities to support consumption-driven growth [7]

Core Viewpoint - The recent increase in ethylene glycol plant maintenance schedules has alleviated supply-side pressure, but uncertainties from Middle Eastern geopolitical conflicts are driving domestic ethylene glycol market prices higher [1] Group 1: Supply and Demand Dynamics - The domestic ethylene glycol market is experiencing an overall price increase due to heightened maintenance schedules [1] - Despite the price increase, there is an expectation of continued weakening in demand as downstream polyester production decreases ahead of the Spring Festival [1] - Recent concentrated arrivals of ethylene glycol at ports have led to increased port inventories, indicating high near-term accumulation pressure [1] Group 2: Price Trends - As of January 29, the spot price in the Zhangjiagang market has risen to approximately 3,815 yuan per ton, with a spot basis discount of 118-120 yuan per ton against the EG2605 contract [1] - Last week, ethylene glycol futures prices increased by over 5%, but this week has seen a slight decline of about 1% from the previous week [1]

新华财经上海1月29日电据铁路上海站（下辖上海站、上海南站、上海虹桥站、上海松江站、上海西 站、南翔北站、安亭北站、安亭西站、金山北站、练塘站）消息，2026年春运40天，该站预计发送旅客 1677万人次，日均发送旅客预计41.9万人次，同比增长约5.78%，或将创历史新高。 （文章来源：新华财经） 据悉，2月12日至15日，铁路上海站每日发送旅客预计将超70万人次，其中2月14日为客流最高峰，预计 将突破82万人次。为尽力满足旅客出行需求，该站在启用高峰运行图的基础上，计划增开热门方向列车 223.5对。 ...

Core Viewpoint - Tesla's financial performance in 2025 shows a significant decline in revenue and profit, marking the first annual revenue drop in the company's history, while the company is transitioning towards becoming an AI-focused entity [2][3]. Financial Performance - In 2025, Tesla's GAAP total revenue was $94.827 billion, a 3% year-over-year decrease; Q4 revenue was $24.901 billion, also down 3% [2]. - The net profit for 2025 was $3.8 billion, a 46% decline year-over-year; Q4 net profit was $800 million, down 61% [2]. - Non-GAAP net profit for 2025 was $5.9 billion, a 26% decrease; Q4 non-GAAP net profit was $1.8 billion, down 16% [2]. - Operating cash flow for 2025 was $14.7 billion, with Q4 at $3.8 billion; free cash flow was $6.2 billion, with Q4 at $1.4 billion [2]. - Cash and investments increased by $7.5 billion to $44.1 billion in 2025 [2]. Business Developments - In January 2026, Tesla began eliminating safety drivers for its autonomous ride-hailing service in Austin [2]. - The fourth quarter and full year of 2025 saw record high energy storage installations, and the Asia-Pacific market achieved record electric vehicle deliveries [2]. - However, global electric vehicle deliveries for 2025 were approximately 1.64 million units, an 8.6% year-over-year decline, marking the second consecutive year of decline [2]. Strategic Transition - Tesla is focusing on transitioning from a hardware-centric business to an AI-driven company, emphasizing the development of smart assisted driving and launching the Tesla Robotaxi service [3]. - The company is also optimizing the design of humanoid robots and expanding AI training infrastructure [3]. - The launch of the refreshed Model Y and other derivative models completed the update of Tesla's vehicle product line, maintaining a streamlined product portfolio focused on long-range capabilities and advanced software [3]. Future Investments - In 2026, Tesla plans to increase investments in clean energy, transportation, and automation, including ramping up production capacity across six new production lines in vehicle, robotics, energy storage, and battery manufacturing [4]. - The company aims to leverage existing factories, charging networks, and service centers to support future growth [4].

Core Viewpoint - The price of gold has surged, breaking the $5,500 per ounce mark for the first time, with a weekly increase of over $500, driven by a weakening dollar and heightened market sentiment [1][5][11]. Group 1: Gold Price Movement - Gold prices have recently increased significantly, with the current price surpassing $5,500 per ounce, marking a notable rise from just below $5,000 [1]. - The surge in gold prices has led to a strong performance of gold-related ETFs, with several funds experiencing substantial inflows and price increases [2][5]. - The recent rise in gold prices is attributed to a combination of factors, including a decline in the dollar's value and geopolitical tensions, particularly related to the U.S. and Japan [5][11]. Group 2: ETF Performance - On January 28, nine out of the top ten performing ETFs were gold or related ETFs, with three gold ETFs hitting their daily price limits [2][4]. - Specific ETFs such as the Guotai Fund Gold Stock ETF and Yongying Fund Gold Stock ETF saw increases of 10% and 9.99%, respectively [2]. - The overall market for gold ETFs has shown a strong appetite from investors, with significant capital inflows despite a general decline in margin financing for ETFs [2][5]. Group 3: Market Sentiment and Analyst Insights - Analysts suggest that the current gold price increase is largely driven by market sentiment and speculative behavior rather than fundamental economic factors [9][11]. - There is a consensus among analysts that while the long-term outlook for gold remains positive due to ongoing geopolitical risks and U.S. fiscal policies, caution is advised in the short term due to rapid price increases [9][10]. - Some analysts warn of potential risks associated with the rapid rise in gold prices, indicating that certain gold stocks may be experiencing inflated valuations driven by market emotions [12][13]. Group 4: Company Performance and Projections - Many gold companies are projecting significant earnings growth for 2025, with some expecting over 50% year-on-year increases due to rising gold prices [12]. - However, several companies have issued warnings about the risks associated with their stock prices, indicating that recent gains may not be sustainable and could be driven by market speculation rather than solid fundamentals [12][13]. - Companies like Sichuan Gold and China Gold have highlighted operational risks and the potential for stock price corrections, emphasizing the need for investors to remain cautious [12][13].

新加坡金融管理局（MAS）周四表示，将维持其政策区间的斜率、宽度和中心位置不变。 新加坡金融管理局每年进行四次政策评估，在2025年曾两次放松货币政策——分别在1月和4月——以支 持经济增长，然后在去年剩余时间里保持不变，因为这个依赖贸易的国家在很大程度上免受特朗普关税 攻势的影响。 新华财经北京1月29日电新加坡连续第三次维持货币政策不变，同时上调了通胀预期，暗示其下一步可 能是收紧货币政策。 （文章来源：新华财经） ...

金价再迈新台阶，现货黄金首次突破5500美元／盎司大关，本周金价从略低于5000美元的水平一路狂 飙，连破6道整百关口，周涨幅超500美元。而在黄金价格持续走强的市场环境下，与黄金挂钩的基金产 品也随之迎来空前热度，黄金相关主题ETF成为资金追逐的焦点，展现出极强的吸金能力。 多只黄金ETF涨停 宽基ETF"定时"成交量放大 28日，全市场ETF中，涨幅前十的ETF有9只为黄金股和有色相关ETF，其中3只黄金股相关ETF涨停。 在ETF两融资金下降的态势下，超过百亿"真金白银"逆势抢筹黄金股ETF。截至当日收盘，国泰基金黄 金股票ETF（517400）涨10%，永赢基金黄金股ETF（517520）涨9.99%，平安基金黄金股ETF （159322）涨10.02%。同时，涨势喜人的还有华安基金黄金股ETF（159321）涨9.93%，工银瑞信黄金 股ETF（159315）涨9.67%，华夏基金黄金股ETF（159562）涨9.25%。 | 序号 | 证券代码 A | 证券简称 | A 涨跌停状态 | 1 其余场内简称 | | --- | --- | --- | --- | --- | | | | | [交易日期 ...

截至1月28日，全球最大的黄金ETF——SPDR Gold Trust的黄金持仓量为1089.96吨，较前一交易日增加 2.58吨。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 ...