Core Viewpoint - The insurance sector experienced a strong upward trend on December 25, with major companies reaching new highs in stock prices, indicating positive market sentiment towards the industry. Group 1: Stock Performance - China Pacific Insurance (中国太保) rose by 3.61%, reaching a price of 43.00 yuan per share, marking a historical high [1] - Ping An Insurance (中国平安) increased by 3.87%, with a current price of 71.70 yuan per share, the highest since March 2021 [2] - China Life Insurance (中国人寿) and New China Life Insurance (新华保险) both saw increases of over 2%, with prices at 47.58 yuan and 72.99 yuan per share respectively [1][2] - China Insurance (中国人保) also rose by 3.30%, currently priced at 9.39 yuan per share [2]

Core Viewpoint - The auction of an 8% equity stake in Beijing Pusi Investment Co., Ltd.'s subsidiary, Maiji Culture Communication Co., Ltd., has been announced, with a starting price set at 107,500 RMB due to the negative valuation of the stake at -1.6662 million RMB [1] Company Overview - Beijing Pusi Investment Co., Ltd. was established in December 2009, with a registered capital of 20 million RMB, and is wholly owned by Wang Sicong [1] - The company engages in project investment, investment management, and investment consulting [1] Investment Background - Maiji Culture was a project that Pusi Investment entered during its A+ round in 2019, focusing on "immersive real-life interactive game dramas" and gained popularity with hits like "Invisible Guardian" [1] - The company has recently faced significant challenges, including large-scale layoffs and store closures, leading to its listing as an executed entity by the court in 2024 [1] Shareholding Structure - Following strategic financing in 2022, Maiji Culture's shareholding structure diversified, with Feng Yuan holding 52.2% as the controlling shareholder, Zhu Yaowu holding 18%, and Youmi (Shanghai) Cultural Creative Center holding 11.7% [1] - Beijing Pusi Investment originally held a 10% stake, with the 8% stake being auctioned representing part of its holdings [1]

截至发稿，神剑股份6连板，广联航空、 博云新材、隆基机械、长江通信、 天奥电子、 再升科技等多 股涨停，航天软件、超捷股份涨超10%。 | 代码 | 名称 | 涨幅％v | 现价 | | --- | --- | --- | --- | | 300900 | 广联航空 | +19.99% | 31.21 | | 301005 | 超捷股份 | +14.56% | 128.81 | | 688562 | 航天软件 | +13.61% | 23.46 | | 688270 | 臻镭科技 | +13.02% | 129.07 | | 002297 | 博云新材 | +10.04% | 12.39 | | 002363 | 隆基机械 | +10.03% | 10.31 | | 000551 | 创元科技 | +10.03% | 16.68 | | 002361 | 神剑股份 | +10.02% | 11.97 | | 600345 | 长江通信 | +10.02% | 32.73 | | 003007 | 直真科技 | +10.01% | 39.01 | | 002935 | 天奥电子 | +10.01% | 22.0 ...

09:29锂板块低开，盛新锂能、融捷股份低开超4%，永兴材料、天齐锂业、赣锋锂业低开超2%。消息面 上，据多方媒体报道，宁德时代宜春枧下窝锂矿预计春节前后复产。 09:28物流、航运港口、统一大市场板块盘初走强，胜通能源十连板，重庆港涨停，北部湾港涨超8%， 天顺股份、长江投资、畅联股份、三羊马等个股跟涨。消息面上，央行等八部门发布《关于金融支持加 快西部陆海新通道建设的意见》，提出构建高质量资金融通体系，服务大通道、大物流、大产业、大平 台、大市场建设。 09:25 A股开盘丨三大指数涨跌不一 沪指低开0.08%，深成指低开0.10%，创业板指高开0.11%。 | મ્દ્રિક | 名称 | 内日图 | 现代 | | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | | 3937.72 | 3.23 | -0.08% | | 399001 | 深证成指 | 1.5 | 13472.70 | -13.72 | -0.10% | | 399006 | 创业板指 | | 3232.97 | 3.39 | 04 0 % | 盘面上，房地产、 ...

随着圣诞节假期来临，机构对明年美股市场的预测基本发布完毕。华尔街对2026年标普500指数的目标 预测集中在7000–8100点，平均目标接近7500点，潜在涨幅约9%，驱动逻辑以企业盈利增长、美联储降 息与人工智能（AI）技术扩散为主，同时提醒需警惕衰退、估值回调与政策波动风险。与此同时，分 析师继续看好信息技术、能源和通信服务行业。当然，华尔街也提示了诸多风险，包括美国经济下行风 险、美国中期选举、估值泡沫争议等。 华尔街的眼光 哪些板块值得关注 随着年末临近，分析师们对标普500指数成分股的评级更新出炉，最乐观和最悲观的板块分别是哪些？ 根据财经数据供应商FactSet向第一财经记者提供的报告，针对标普500指数成分股的评级共计12696份。 其中，买入评级占比57.5%，持有评级占比37.7%，卖出评级占比4.8%。买入评级的占比高于其5年均值 55.5%；与之相对，持有评级占比低于5年均值38.8%，卖出评级占比也低于5年均值5.7%。 微软、亚马逊和Meta跻身标普500指数成分股中买入评级占比最高占比最高的十家公司。 奥本海默预计明年标普500指数将挑战8100点，这也是华尔街最乐观的目标，核心 ...

*三大股指齐升，道指涨近300点； *中长期美债收益率回落，2年期美债逼近3.50%； *纳斯达克中国金龙指数跌近0.1%。 因假日原因，周三美股提前收盘。美国初请失业金数据好于预期，必需消费品与房地产板块联袂走强， 推动美股三大股指集体收涨录得五连阳。 截至收盘，道指涨288.75点，涨幅0.60%，报48731.16点，纳指涨0.22%，报23613.31点，标普500指数涨 0.32%，报6932.05点。道指与标普500指数双双刷新收盘历史纪录。道琼斯市场数据显示，这是自2013 年以来，标普500指数首次在平安夜创下收盘新高。 【热门股表现】 个股方面，英特尔跌0.5%。据报道，英伟达将不会继续推进采用英特尔18A制程工艺的芯片生产测试。 报道还称，英伟达今年9月向英特尔注资50亿美元时，并未与其达成相关的量产承诺。英伟达股价下跌 0.3%。 明星科技股普涨，甲骨文涨1.1%，苹果涨0.5%，Meta涨0.4%，微软涨0.2%，亚马逊涨0.1%，谷歌和特 斯拉平盘。 耐克涨4.6%，周二提交的监管文件显示，苹果公司首席执行官蒂姆・库克购入了价值300万美元的股 票。 纳斯达克中国金龙指数微跌0.1% ...

Group 1 - The core concern for American workers in 2025 is employment stability, which has risen to the second position in importance, following the ability to cover monthly living expenses [3] - The disconnect between macroeconomic data and individual experiences is highlighted, as GDP grew by 4.3% in Q3, yet many individuals feel economic pressure due to high inflation and rising costs [3][4] - The unemployment rate in November reached 4.6%, the highest in four years, with new job creation concentrated in the healthcare sector [5] Group 2 - U.S. household debt reached a record high of $18.6 trillion in Q3 2025, complicating the Federal Reserve's monetary policy decisions [6] - The largest portion of household debt is mortgage debt, totaling $13.07 trillion, while credit card debt stands at $1.23 trillion and auto loans at $1.66 trillion [6] - The credit market is exhibiting "K-shaped" economic divergence, where high-income groups benefit from a booming stock market, while low-income families face significant financial pressures [7]

本文字数：1432，阅读时长大约2分钟 2025.12.25 作者 |第一财经 樊志菁 因假日原因，周三美股提前收盘。美国初请失业金数据好于预期，必需消费品与房地产板块联袂走强， 推动美股三大股指集体收涨录得五连阳。 截至收盘，道指涨288.75点，涨幅0.60%，报48731.16点，纳指涨0.22%，报23613.31点，标普500指数涨 0.32%，报6932.05点。道指与标普500指数双双刷新收盘历史纪录。道琼斯市场数据显示，这是自2013 年以来，标普500指数首次在平安夜创下收盘新高。 美国抵押贷款银行家协会MBA表示，截至12月19日当周，抵押贷款申请数量下降5%，其中，再融资贷 款申请数量下降6%。"尽管抵押贷款利率小幅下行，但上周抵押贷款申请总量仍出现下滑。我们预计， 就业市场走软、通胀居高难下、房屋库存高企以及抵押贷款利率企稳的趋势，将延续至新的一年。"协 会首席经济学家弗拉托尼（Mike Fratantoni）表示。 美国商务部周二公布的三季度国内生产总值（GDP）增长4.3%，远超3.2%的市场普遍预期。这份因政 府停摆而延迟发布的报告，起初令交易员下调了对明年初降息的预期。不过，芝 ...

2025.12.25 关税和非关税壁垒等表面上是增加了国际经贸的成本，其本质则是通过关税等提高国际经贸的相对价格 和信任成本，即关税等真正的要义是通过抬高国别贸易的相对价格，来重构重塑国际经贸的安全和信任 关系，从而加速国际产业链生态链的重塑重构。 当前安全和互信，正成为经济全球化的一个临界约束条件。 这一方面反映在新冠疫情发生之后，美国等发达国家对供应链产业链稳定与安全的诉求提升；另一方面 是俄乌冲突以来，欧美对俄罗斯离岸资产的行动，增加了各国对离岸资产安全性和信任感的动摇；此 外，还有一个技术成因，即数字技术、AI技术等的快速发展，推动经济社会结构重新匹配和搭建，放 大了人们对信用货币的不信任感。 本文字数：1830，阅读时长大约3分钟 作者 |第一财经 一财评论员 贵金属又起涨势，继续其大牛市行程。 连日来金银价格双双上涨，迭创历史新高。截至23日，现货白银最高达每盎司71.58美元，全年暴涨 139%；现货黄金最高涨至每盎司4499.85美元，全年上涨68%，两者均创下自1979年以来的最佳年度表 现；同时，国际铜价今年也同步刷新历史高点，23日伦敦铜价每吨最高冲至12159.50美元。 关于今年以来 ...

Core Viewpoint - Tim Cook, CEO of Apple and board member of Nike, has begun to increase his stake in Nike, which has led to a significant rise in Nike's stock price by over 5% on December 24 [2][4]. Group 1: Stock Purchase Details - Tim Cook purchased approximately 50,000 shares of Nike stock for about $2.95 million, at an average price of $58.97 per share [3][4]. - Following this purchase, Cook's total holdings in Nike have reached 105,480 shares, valued at over $6.04 million based on the closing price [3][4]. Group 2: Market Reaction and Implications - Cook's stock purchase is seen as a strong signal of confidence in Nike's future value, as it marks the first time he has used personal funds to buy Nike shares [4]. - The day before Cook's purchase, another board member, Robert Swan, also bought Nike shares, indicating a trend among executives to invest in the company amid a period of market pressure [4]. - Analysts suggest that these insider purchases aim to demonstrate management's commitment to the company's interests and may help boost market confidence, implying that Nike's stock price could be nearing its bottom [4].