Index Performance - The Hang Seng Index (HSI) closed at 25,541, up 0.4% for the day and 27.3% year-to-date (YTD) [2] - The MSCI China index increased by 0.2%, with a YTD growth of 29.3% [2] - The KOSPI index showed significant growth, up 72.3% YTD, closing at 4,135 [2] Commodity Price Performance - Brent Crude oil prices rose by 1.2% to $63 per barrel, but are down 12.1% YTD [3] - Gold prices increased by 0.5% to $4,229 per ounce, reflecting a substantial YTD rise of 61.1% [3] - Copper prices decreased by 1.3% to $11,487 per ton, with a YTD increase of 31.0% [3] Key Macro Indicators - The US FOMC raised the upper bound of the interest rate to 4.0% from a consensus of 3.8% [4] - China's retail sales growth was reported at 2.9% YoY, matching expectations [4] - The surveyed jobless rate in China remained stable at 5.1% [4] Inflation Insights - China's Consumer Price Index (CPI) rose by 0.7% YoY in November, up from 0.2% in October, driven by recovering food prices [7] - Core CPI growth remained steady at 1.2%, indicating limited expansion in other sectors [7] - CPI growth is expected to recover to 0.5% in 2026, with core CPI increasing from 0.7% to 0.9% [8]
11月CPI点评：食品价格改善带动11月CPI回升
Bank of China Securities·2025-12-11 03:22