融达期货宏观日报0318

Economic Indicators - In the first two months of this year, China's industrial added value, service production index, retail sales of consumer goods, and fixed asset investment grew by 5.9%, 5.6%, 4%, and 4.1% year-on-year, respectively, accelerating by 0.1, 0.4, 0.5, and 0.9 percentage points compared to the previous year[1] - Real estate development investment decreased by 9.8% year-on-year, while the sales area of new commercial housing fell by 5.1%, with both declines narrowing[1] Housing Market Trends - New home prices in first-tier cities continued to rise month-on-month, while second-tier cities' prices remained flat after a 0.1% increase last month[1] - In February, 18 cities saw month-on-month increases in new home prices, a decrease of 6 cities from the previous month, with Nanjing leading for three consecutive months[1] U.S. Economic Data - U.S. retail sales rose by 0.2% month-on-month in February, falling short of the expected 0.6%, with January revised down to a 1.2% decline, the largest drop since July 2021[2] Commodity Market Performance - Energy and chemical products, black series, and agricultural products generally declined, with caustic soda, coke, and palm oil dropping over 1%[2] - Basic metals mostly fell, with nickel down 1.78%, stainless steel down 0.7%, and zinc down 0.58%[2] Global Asset Performance - NYMEX crude oil closed at $67.48, down 19.66% year-on-year[2] - COMEX gold rose by 0.55% to $3010.10, with a year-on-year increase of 32.46%[2] - The Shanghai Composite Index closed at 3426.13, up 11.33% year-on-year[2] Interest Rates and Currency - The 10-year Chinese government bond yield was 1.89%, up 2.48% day-on-day[2] - The U.S. dollar index stood at 103.40, down 1.49% year-on-year[2]