国际金融市场早知道：1月23日

Market Insights - The U.S. House of Representatives passed a key appropriations bill for fiscal year 2026, with the Department of Homeland Security funding passing narrowly at 220 votes to 207. This bill will be combined with another passed last week and submitted to the Senate, needing approval by January 30 to avoid a government shutdown. If successful, it will establish federal funding levels for the first time since March 2024 [1][10] - South Korea officially implemented the "Basic Law on Artificial Intelligence," requiring companies to take strict protective measures in high-risk AI applications affecting daily life and safety, and holding them legally accountable for misuse such as deepfakes and misinformation. This marks a significant step towards institutionalizing AI governance [1][10] Economic Data - The U.S. GDP for Q3 2025 was revised to an annualized growth rate of 4.4%, slightly above the initial estimate of 4.3%, marking the fastest growth rate in nearly two years [2][10] - The U.S. core PCE price index for November increased by 2.8% year-on-year and 0.2% month-on-month, both in line with expectations [3][11] - Initial jobless claims in the U.S. fell to 200,000, below the expected 210,000, indicating a robust labor market [4][11] - Japan's trade deficit for 2025 reached 2.65 trillion yen, marking the fifth consecutive year of deficit. Despite a record high export value of 110.45 trillion yen, exports to the U.S. declined by 4.1%, the first drop in five years [4][11] - South Korea's GDP growth for 2025 was only 1%, halved from the previous year's growth rate and significantly below the potential growth rate of 1.8%. The fourth quarter saw a quarter-on-quarter decline of 0.3%, marking the first negative growth of the year [4][11] Global Market Dynamics - The Dow Jones Industrial Average rose by 0.63% to 49,384.01 points, the S&P 500 increased by 0.55% to 6,913.35 points, and the Nasdaq Composite climbed by 0.91% to 23,436.02 points [5][11] - COMEX gold futures increased by 2.09% to $4,938.40 per ounce, while silver futures rose by 3.86% to $96.22 per ounce [6][11] - U.S. oil futures fell by 1.57% to $59.67 per barrel, and Brent oil futures decreased by 1.39% to $63.63 per barrel [7][11] Bond and Currency Markets - The 2-year U.S. Treasury yield rose by 2.98 basis points to 3.608%, the 3-year yield increased by 2.81 basis points to 3.676%, the 5-year yield went up by 2.47 basis points to 3.844%, the 10-year yield climbed by 0.60 basis points to 4.245%, while the 30-year yield fell by 2.25 basis points to 4.838% [12][11] - The U.S. dollar index decreased by 0.50% to 98.29, with the euro rising by 0.58% to 1.1756 against the dollar, and the British pound increasing by 0.53% to 1.3503 [12][11]