冠通期货早盘速递-20250919

Key Points of the Report 1. Hot News - "Fed Whisperer" Nick Timiraos said Fed Chair Powell's policy shift in Wednesday's rate cut might be his last attempt to prove the Fed's independence [2] - Reuters reported that the UAE might downgrade diplomatic relations with Israel if Netanyahu's government annexes parts or all of the occupied West Bank [2] - CCTV News reported that China's cumulative new - energy vehicle sales exceeded 40 million, ranking first globally for 10 consecutive years [2] - UBS's Hu Yifan said the Fed may cut rates by 75 basis points by Q1 2026 in the base scenario, and 200 - 300 basis points in the downside scenario [3] - White House's Hasset supported the Fed's 25 - basis - point rate cut [3] 2. Market Performance Sector Performance - Non - metallic building materials had a 2.66% increase [4] - Precious metals rose 29.99%, followed by non - ferrous metals (19.97%), coal, coke, steel and minerals (14.69%), etc [5] Asset Performance - The Shanghai Composite Index dropped 1.15%, the S&P 500 rose 0.48%, and the Hang Seng Index fell 1.35% [7] - 10 - year Treasury futures declined 0.05%, WTI crude oil dropped 0.58%, and London spot gold fell 0.41% [7] Commodity Futures - Key commodities to watch include 20 - rubber, fuel oil, PTA, Shanghai copper, and Shanghai gold [6] - Changes in commodity futures positions in the past five days are presented [7] 3. Other Aspects - Main trends of major commodities are shown, including BDI, CRB index, etc [8] - Stock market risk preferences are presented through data on risk premiums [13][14]