本周热点前瞻2025-11-24

Report Summary Core Viewpoints - The report provides a forward - looking analysis of key events and data releases in the current week, including economic data from the US and China, central bank operations, and new product listings in the futures market. It also analyzes the potential impact of these events on various futures prices [2]. Key Events and Data by Date November 24 - The National Bureau of Statistics will release the market prices of important production materials in the circulation field in mid - November, covering 9 categories and 50 products [3]. November 25 - 900 billion yuan of MLF is due, and the central bank is expected to conduct incremental roll - over operations [4]. - The US Department of Labor will announce the September PPI, with an expected annual rate of 2.7% and a previous value of 2.6%; the expected annual rate of core PPI is 2.7%, and the previous value is 2.8% [5]. - The US Department of Commerce will announce US September retail sales, with an August monthly rate of 0.63% and an annual rate of 5.00% [7]. - The US Conference Board will announce the November consumer confidence index, with an expected value of 93.3 and a previous value of 94.6. A lower value may boost gold and silver futures prices but suppress non - ferrous metals, crude oil, and related commodity futures prices [8]. November 26 - The US Department of Labor will announce the number of initial jobless claims for the week ending November 22, with an expected value of 215,000 and a previous value of 220,000. A slightly lower value may slightly boost industrial product futures (except gold and silver) but suppress gold and silver futures [9]. - The US Department of Commerce will announce the preliminary monthly rate of durable goods orders in October, with an expected value of 0.2% and a previous value of 2.9%. A lower value may suppress non - ferrous metals, crude oil, and related commodity futures prices but boost gold and silver futures prices [10]. - The US Department of Commerce will announce the September PCE price index. The expected annual rate of PCE price index is 2.7%, the previous value is 2.7%; the expected annual rate of core PCE price index is 2.9%, the previous value is 2.9%; the expected monthly rate of PCE core price index is 0.3%, and the previous value is 0.2%. Slight changes may strengthen the market's expectation of a 25 - basis - point interest rate cut by the Fed in November [11]. - The US Department of Commerce will announce the revised value of the third - quarter GDP. The expected annualized quarterly rate of real GDP is 3.0%, the initial value is 3.8%, and the final value of the second - quarter annualized quarterly rate is 3.0% [12]. - The US Department of Commerce will announce October new home sales. The expected annualized total of seasonally - adjusted new home sales is 700,000 units, the previous value is 800,000 units; the expected monthly rate is - 11.5%, and the previous value is 20.5%. A significantly lower value may suppress non - ferrous metals futures prices but boost gold and silver futures prices [13]. - The US EIA will announce the change in EIA crude oil inventories for the week ending November 21. A continued decline may boost crude oil and related commodity futures prices [15]. November 27 - The Fed will release the Beige Book of Economic Conditions. Attention should be paid to its content and impact on related futures prices [16]. - Platinum and palladium futures contracts will be listed on the Guangzhou Futures Exchange. Platinum and palladium option contracts will be listed on November 28. These listings will enrich the futures market product system in China [17][18]. - The National Bureau of Statistics will announce the profits of industrial enterprises above designated size in October. The profit of these enterprises increased by 21.6% in September [19]. November 30 - The National Bureau of Statistics and the China Federation of Logistics and Purchasing will announce China's official manufacturing PMI and non - manufacturing PMI for November. The expected manufacturing PMI is 48.8, the previous value is 49.0; the expected non - manufacturing PMI is 50.0, the previous value is 50.1. Slightly lower values may slightly suppress commodity futures (mainly industrial product futures) and stock index futures but boost treasury bond futures [20]. - The 40th OPEC and non - OPEC Ministerial Meeting, the 63rd OPEC+ Ministerial Monitoring Committee (JMMC) Meeting, and the monthly meeting of eight OPEC+ member countries will be held. Attention should be paid to the meeting results and their impact on crude oil and related commodity futures prices [22].