Economic Policy and Market Trends - The Chinese government is focusing on boosting consumption and optimizing industrial structure through the "2025 Action Plan for Stabilizing Foreign Investment" and other measures[6] - The U.S. Federal Reserve is prepared to maintain its 2% inflation target without immediate policy adjustments, as stated by Chairman Powell[6] - Trump's administration has implemented a 25% tariff on all steel and aluminum imports, with no exceptions[8] Inflation and Monetary Supply - In January, the U.S. CPI rose by 3.0% year-on-year, while core CPI increased by 3.3%, indicating potential inflationary pressures[10] - China's M2 money supply grew by 7.0% year-on-year, while social financing stock increased by 8.0%[12] - January's social financing increment reached 7.06 trillion yuan, marking the largest monthly increase on record[12] Commodity Prices and Market Performance - The wholesale price of pork decreased to 21.78 yuan/kg, while vegetable prices fell to 5.21 yuan/kg, and fruit prices slightly increased to 7.54 yuan/kg[16] - The CRB spot index rose significantly to 551.43, indicating a positive trend in commodity prices[19] - A-shares indices saw gains, with the Shanghai Composite Index up by 1.30% and the Shenzhen Component Index up by 1.64%[32] Currency and Trade Dynamics - The U.S. dollar index fell by 1.21%, and the onshore dollar to yuan exchange rate decreased by 0.32%[35] - The Baltic Dry Index (BDI) slightly adjusted to 792 points, reflecting changes in shipping rates[25] - The export container freight index (CCFI) continued to decline, reaching 1387.16[28]
宏观周报：国内1月新增社融开门红 美俄领导人通话引关注
Guo Xin Qi Huo·2025-02-17 02:02