海外市场周观察：降息预期升温，美联储鸽声阵阵

Group 1 - The report highlights a decrease in inflation pressure as indicated by PPI and core CPI data, leading to increased expectations for interest rate cuts and a rebound in US stock indices [2][11][12] - The PPI year-on-year growth was reported at +3.3%, and the month-on-month growth at +0.2%, both lower than expected, while the core CPI year-on-year growth unexpectedly dropped to +3.2%, marking the first decline since June of the previous year [2][11][12] - Despite the easing inflation pressures, the US economy remains strong, suggesting that the urgency for rapid interest rate cuts by the Federal Reserve is limited [2][11][12] Group 2 - Global major asset classes showed mixed performance, with the French CAC40 (+3.75%) leading gains, followed by the Shenzhen Composite Index (+3.73%) and the Dow Jones Industrial Average (+3.69%) [3][44] - In the commodity market, CBOT corn saw the largest increase at +2.92%, while NYMEX platinum experienced the largest decline at -2.77% [62][63] - The report notes that the US labor market remains resilient, with initial jobless claims rising to 217,000, up from the previous 203,000 [12][26] Group 3 - The report indicates that the Federal Reserve officials have adopted a dovish tone, with expectations of potential interest rate cuts in the first half of the year, possibly three to four times if economic data continues to improve [3][13] - The report emphasizes the importance of monitoring upcoming trade and immigration policies that may be announced by the Trump administration [2][11] - The report also tracks significant economic data updates, including a rebound in the Eurozone economic sentiment index and a decline in Japan's CPI month-on-month [72][80][88]