Group 1: Oil Price Surge - Oil prices have surged to their highest levels in months, with Brent crude reaching $70.92 per barrel, marking a 3.63% increase, and WTI gaining 3.72% to $65.49 [1] - The surge is attributed to U.S. President Donald Trump's consideration of targeted strikes on Iranian military positions amid ongoing unrest in Iran, which has resulted in significant casualties [1] - The Iranian Rial has devalued drastically, falling to around 1.4 to 1.5 million Rials per USD, compared to approximately 25,000 Rials per USD a decade ago [1] Group 2: Demand and Supply Dynamics - Commodity analysts at Standard Chartered report a shift from a bearish oversupply narrative to a more positive outlook for H2-2026, with demand expectations being adjusted higher [2] - The International Energy Agency (IEA) has raised its 2026 demand growth forecast, projecting a conservative growth of around 930 kb/d, influenced by a recovery in petrochemical feedstock demand [2] - Despite upward revisions, the overall outlook for 2026 remains modest, with growth expected to be around 700k-900k bpd due to rising transportation electrification [2] Group 3: U.S. Shale Output Challenges - Low oil prices are beginning to suppress U.S. shale output growth, with Continental Resources suspending drilling in North Dakota's Bakken shale for the first time in decades [3] - The Bakken shale is considered a bellwether for the U.S. shale sector, currently requiring a breakeven price of $58 per barrel to cover costs [3] - Standard Chartered maintains a cautiously optimistic outlook, expecting oil prices to average in the low to mid $60s per barrel in 2026 [3]

Cooper分析认为，金价的推动力已由传统宏观因素转向结构性驱动，包括市场对货币政策独立性的疑 虑、对全球贸易关税摩擦的担忧，以及散户投资者对避险资产的积极配置。此外，选择权市场的隐含波 动率与风险逆转指标均偏向看涨，显示投资者对未来走势仍具备信心。 格隆汇1月29日｜市场议论金价是否过热之际，渣打银行全球商品研究主管Suki Cooper在最新报告中明 确指出，这波前所未有的涨势具备深厚的结构性支撑。数据显示，机构投资人的持仓增长速度实际上落 后于金价的涨幅，且目前投机性部位占未平仓合约的比例仅约26.4%，远低于历史峰值的47.9%，这反 映出当前市场并不存在过度投机的现象。 ...

1月28日，英国首相斯塔默抵达北京，开始对中国进行为期四天的正式访问。记者获悉，渣打集团 行政总裁温拓思（Bill Winters）作为英国工商界代表团成员随同访华，并在北京和上海出席一系列经贸 交流和访问活动。 温拓思表示，中英两国经济结构高度互补，双方坚定支持自由贸易和多边贸易体制，并致力于通过 开放合作推动全球经济增长与繁荣。近年来，中英经贸与财金对话机制持续发挥重要作用，不仅增强了 政策沟通和市场互信，也为双边贸易、投资和金融合作创造了稳定、可预期的环境。"首相此次访华为 双方在既有基础上进一步拓展合作，推动货物和服务贸易发展，推动双向投资，释放增长潜力，提供了 良好契机。" 作为一家总部位于英国、在中国持续经营168年的国际银行，渣打表示，始终看好中国经济的长期 发展前景，并在中国市场持续投资展业，致力于当好"超级连接器"，以安全、高效和便捷的方式，为在 中国、进入中国，以及从中国走向世界的客户 ，提供优质创新的产品和服务，特别是在服务新经济行 业、"一带一路"项目、大湾区建设、长三角一体化、人民币国际化、金融市场开放、跨境贸易、绿色和 可持续金融、民营及中小企业发展、个人资产多元化配置等优势领域， ...

Group 1 - The core focus of Prime Minister Starmer's visit to China is on economic issues, marking a shift from previous years where political concerns dominated [1] - This visit is significant as it is the first by a UK Prime Minister in eight years, indicating a strategic choice to re-engage with China after a period of cooling relations [1] - The delegation accompanying Starmer includes key figures from the Treasury and major corporations such as HSBC and AstraZeneca, highlighting the importance of rebuilding economic ties with China [1] Group 2 - The UK is facing economic challenges post-Brexit, with a £22 billion fiscal gap and a need for growth, making engagement with China, the UK's fifth-largest trading partner, crucial [1] - The visit aims to establish mechanisms for cooperation, such as the revival of the UK-China CEO Council, focusing on sectors like green energy and digital economy [1] - A notable example of successful collaboration is the MG brand, which has thrived in Europe due to the partnership between UK and Chinese firms, demonstrating mutual benefits in technology and employment [1]

Group 1 - The core viewpoint of the article is that Standard Chartered Bank expects base metal prices to remain high in 2026, driven by both macro and micro factors [1] - The bank forecasts an average copper price of $12,950 per ton in the first half of 2026 and $11,475 per ton in the second half [1] - Key risks for the metal sector in 2026 include tariff policies, supply conditions, and the macroeconomic environment [1] Group 2 - The bank indicates that a weaker dollar and rising gold and silver prices are supporting copper prices [2]

受多重因素影响，投资者持续抛售美元，美元指数1月27日跌至近四年低点，目前徘徊于96.00关口附 近。避险资产继续受益，金价强势攀升。1月28日，现货黄金价格盘中首次突破5300美元/盎司，日内涨 幅超过120美元，再度刷新历史纪录。 渣打银行财富管理部全球首席投资总监布思哲在接受南方财经记者专访时表示："我们认为黄金的长期 上行趋势很可能会持续数年，如果金价出现任何回调，都将是买入机会。从投资组合的角度，我们配置 约6%的黄金仓位，这是相当高的比例，高于大多数投资者2%—3%的配置水平，显著提升了我们的业绩 表现。"他透露，该配置策略将在2026年继续执行。 步入2026年，尽管国际货币基金组织预计全球经济增速仍将保持在3%以上，但地缘政治紧张与贸易政 策不确定性持续构成风险，制约增长动力，也重塑着全球资金流向。在此环境下，黄金、白银等贵金属 以及新兴市场资产正获得越来越多关注。 布思哲进一步指出，在资产配置上，他将继续超配中国市场，并在全球范围内看好以人工智能为核心的 科技主线，认为其仍具备可持续的增长潜力。面对复杂多变的宏观与地缘政治环境，他建议投资者通过 跨区域、跨行业的多元化配置，增强投资组合的抵御 ...

Arguably, the hottest investment thesis on the planet right now is the AI investment thesis. And for good reason -- artificial intelligence is changing every aspect of our lives, and doing so at a breakneck pace. But there might be a bigger opportunity out there that many investors are overlooking: the transformation of the modern global financial system with blockchain technology. The investment opportunity I have my eye on is Ripple, the company behind the XRP (CRYPTO: XRP) crypto token. Where to inves ...

南方财经 21世纪经济报道记者 李依农 受多重因素影响，投资者持续抛售美元，美元指数1月27日跌至近四年低点，目前徘徊于96.00关口附 近。避险资产继续受益，金价强势攀升。1月28日，现货黄金价格盘中首次突破5300美元/盎司，日内涨 幅超过120美元，再度刷新历史纪录。 布思哲：从主要经济体的总体增长情况来看，印度、中国等新兴经济体增速将显著领先于发达市场经济 体。印度预计将保持6.5%-7%的高速增长，中国增速可能略低于5%，但依然保持着健康增长态势，它 们仍将是全球增长的关键驱动力。美国增速预计在2%低位徘徊，成绩尚可，但谈不上出色。欧洲则更 为艰难，尽管工业化进程加速与国防开支增长将为欧洲经济托底，但欧洲整体仍难实现超过1.5%的增 长率。 渣打银行财富管理部全球首席投资总监布思哲在接受南方财经记者专访时表示："我们认为黄金的长期 上行趋势很可能会持续数年，如果金价出现任何回调，都将是买入机会。从投资组合的角度，我们配置 约6%的黄金仓位，这是相当高的比例，高于大多数投资者2%-3%的配置水平，显著提升了我们的业绩 表现。" 他透露，该配置策略将在2026年继续执行。 步入2026年，尽管国际货币基 ...

Group 1 - UK Prime Minister Keir Starmer's visit to China includes over 50 business executives and institutional representatives from various sectors such as finance, pharmaceuticals, and manufacturing [1] - Notable attendees include CEOs and leaders from companies like AstraZeneca, Standard Chartered, HSBC, and Jaguar Land Rover, indicating a strong representation from key industries [1] - The visit aims to enhance communication and cooperation between the UK and China, aligning with the interests of both nations and promoting global peace and stability [1] Group 2 - The delegation features high-profile figures such as John Harrison from Airbus, Jason Ferguson from the World Professional Billiards and Snooker Association, and executives from Prudential and McLaren, showcasing a diverse range of industries [2][3] - The presence of leaders from cultural institutions like the Royal Shakespeare Company and the Science Museum Group highlights the importance of cultural exchange in the bilateral relationship [3]

Core Insights - The article discusses the increasing interest of Chinese enterprises in the ASEAN market and the establishment of a dedicated "corridor banker" team by Standard Chartered Bank to facilitate this expansion [1][3]. Group 1: Market Opportunities - ASEAN is becoming a popular destination for Chinese companies looking to expand overseas, with a notable focus on the Johor-Singapore Economic Zone, which is expected to attract more Chinese investment [1][3]. - The shift in Chinese enterprises' approach to ASEAN has evolved from using the region primarily as a manufacturing base to a more diversified supply chain strategy that emphasizes multi-point and segmented layouts [3][4]. Group 2: Local Operations - Chinese companies are increasingly prioritizing localized operations in ASEAN, moving from agency and franchise models to direct store operations for deeper brand integration [3][4]. - The trend of vertical integration in supply chains is becoming more pronounced, with many countries encouraging the development of complete vertical supply chains locally [4]. Group 3: Challenges Faced - Chinese enterprises face significant challenges in ASEAN, including foreign exchange management issues due to currency fluctuations and strict capital flow regulations in most countries [4]. - A specific example highlights a Chinese manufacturing company's difficulties in financing for a new base in Indonesia, which Standard Chartered addressed by creating a tailored financing solution that combined USD and RMB [4]. Group 4: Future Outlook - The ASEAN region presents vast market opportunities for Chinese enterprises, which are expected to evolve into true multinational corporations over the next 5-10 years, enhancing their understanding of local market characteristics and achieving genuine localization [5].