美联储降息预期升温，工业有色ETF（560860）涨超3%，基金规模再创新

Core Viewpoint - The industrial non-ferrous ETF (560860) has seen significant inflows and growth, driven by positive market sentiment and expectations of Federal Reserve interest rate cuts by 2025 [1][2]. Group 1: Market Performance - On September 12, the market experienced a slight rise, with non-ferrous metals and rare earth permanent magnets leading the gains [1]. - The industrial non-ferrous ETF (560860) saw a net inflow of over 77 million, with total inflows exceeding 2.9 billion in the past 10 days and over 16 billion in the last 60 days [1]. - As of September 11, the latest scale of the ETF surpassed 2.4 billion, marking a new high since its launch [1]. Group 2: Economic Indicators - The U.S. Consumer Price Index (CPI) for August was reported at 2.9% year-on-year, matching expectations and showing a slight increase from the previous value of 2.7% [1]. - The month-on-month CPI for August was 0.4%, slightly above the expected 0.3% and up from the previous 0.2% [1]. - The core CPI for August was reported at 3.1% year-on-year and 0.3% month-on-month, both in line with expectations and previous values [1]. Group 3: Industry Outlook - According to Changjiang Securities, the net profit of the basic metals sector is expected to grow by 27% year-on-year in the first half of 2025, with a projected net profit of 37.644 billion in the second quarter of 2025, reflecting a 14% year-on-year increase and a 15% quarter-on-quarter increase [1]. - The anticipated growth in the basic metals sector is attributed to a phase of upward resonance in manufacturing between China and the U.S., along with expectations of interest rate cuts by the Federal Reserve, which are expected to elevate the price center of basic metal commodities in the first half of 2025 [1].