融达期货宏观日报0313

Macro Economic Indicators - In February, the US CPI year-on-year slowed to 2.8%, with a month-on-month increase of 0.2%, both lower than market expectations[1] - The core CPI in February rose by 3.1% year-on-year, marking the lowest level since April 2021, with a month-on-month increase of 0.2%, also below market expectations[1] - Traders have increased bets on the Federal Reserve cutting interest rates, expecting at least two rate cuts within the year[1] Trade and Tariffs - The European Commission announced retaliatory tariffs on US products worth €26 billion, in response to the US imposing a 25% tariff on all steel and aluminum imports[1] - Canada will impose a 25% retaliatory tariff on US steel and aluminum products valued at CAD 29.8 billion starting March 13[1] Commodity Market Performance - Domestic commodity futures closed mostly higher, with energy and chemical products generally rising; crude oil increased by 1.57%, LPG by 1.37%, and low-sulfur fuel oil by 1.3%[1] - Agricultural products saw widespread increases, with rapeseed meal up 1.42% and rapeseed oil up 1.29%[1] - Base metals mostly rose, with Shanghai copper up 0.86%, nickel up 0.81%, and lead up 0.8%[1] Global Asset Performance - NYMEX crude oil closed at $67.69, up 1.61% for the day, but down 17.16% year-on-year[2] - LME copper closed at $9,789.00, up 1.14% for the day, with a year-on-year increase of 10.39%[2] - COMEX silver closed at $33.74, up 1.09% for the day, with a year-on-year increase of 36.24%[2]