国际金融市场早知道：12月24日

Market Insights - President Trump calls for the next Federal Reserve chairman to lower interest rates decisively when the economy and markets are performing strongly, rather than tightening policy too early due to inflation concerns. He criticizes the current market logic, stating that "good news has become bad news," and emphasizes that low interest rates can boost the stock market, stimulate the economy, and alleviate housing burdens. He suggests that a thriving stock market could lead to a GDP growth of 10% to 20% in the U.S. [1][6] - The U.S. third-quarter GDP annualized growth rate is reported at 4.3%, significantly exceeding the market expectation of 3.3%, marking the fastest growth rate in 2023 and indicating strong economic resilience [1][6]. - The core PCE price index for the third quarter shows an annualized quarter-on-quarter increase of 2.9%, consistent with expectations and up from the second quarter's final value of 2.6%. The overall PCE price index also rises by 2.8%, indicating that inflation remains on a moderate upward trajectory [1][7]. Manufacturing Sector - U.S. durable goods orders fell by 2.2% month-on-month in October, significantly worse than the expected decline of 1.5%, with the previous value revised down from +0.5%, highlighting weakened manufacturing momentum [2][7]. - U.S. industrial production increased by 0.2% month-on-month in November, slightly above the market expectation of 0.1%, marking the second consecutive month of expansion and indicating a slow recovery in manufacturing activity [2][7]. - The Richmond Fed manufacturing index for December improved to -7, better than the expected -10 and the previous value of -15, suggesting a slowdown in the pace of regional manufacturing contraction, although it has not yet returned to expansion [2][7]. Global Market Dynamics - The Dow Jones Industrial Average rose by 0.16% to 48,442.41 points, the S&P 500 increased by 0.46% to 6,909.79 points, and the Nasdaq Composite gained 0.57% to 23,561.84 points [3][8]. - COMEX gold futures increased by 1.09% to $4,518.20 per ounce, reaching a new intraday historical high, while COMEX silver futures rose by 4.40% to $71.585 per ounce, also setting a new historical peak [3][8]. Oil and Bond Markets - U.S. crude oil futures rose by 0.79% to $58.47 per barrel, while Brent crude oil futures increased by 0.62% to $61.96 per barrel [4][9]. - The 2-year U.S. Treasury yield rose by 3.18 basis points to 3.532%, the 3-year yield increased by 3.63 basis points to 3.583%, the 5-year yield rose by 2.65 basis points to 3.734%, the 10-year yield increased by 0.40 basis points to 4.165%, and the 30-year yield fell by 1.12 basis points to 4.824% [4][9].