本周热点前瞻2026-02-24

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - Trump's new import tariff increase and policy uncertainty boost the demand for precious metals as a hedge, which is conducive to the rise of precious metal futures prices [5][7] - If the US consumer confidence index in February is lower than the previous value, it will suppress the rise of non - ferrous metals, crude oil and related futures prices, but help the rise of precious metal futures prices [8] - If the initial jobless claims in the US for the week ending February 21 are slightly higher than the previous value, it will suppress the rise of commodity futures prices except for precious metals, but help the rise of precious metal futures prices [15] 3. Summary by Directory This Week's Key Focus - On February 24, 2026, the People's Bank of China will announce the LPR, with the 1 - year LPR expected to be 3.00% and the 5 - year - plus LPR expected to be 3.50%, both unchanged from the previous values [2][3] - Trump signed an executive order to impose a 10% ad - valorem import tariff on imported goods into the US starting from February 24, for 150 days, and later planned to raise it to 15% [2][5] - On February 25, the People's Bank of China will renew the MLF, with 300 billion yuan of MLF maturing on that day [10] - On February 27, the US Bureau of Labor Statistics will announce the US January PPI [2][16] - On February 28, the National Bureau of Statistics will announce the 2025 National Economic and Social Development Statistical Bulletin [2][19] This Week's Hotspot Preview February 24 - The People's Bank of China will announce the February LPR, with expected values unchanged from the previous ones [3] - The National Bureau of Statistics will announce the prices of important production materials in the circulation field in mid - February [4] - Trump's new import tariff increase and subsequent plan to raise it to 15% will increase the demand for precious metals as a hedge [5][7] - The US Conference Board will announce the February consumer confidence index, with an expected value of 83, lower than the previous value of 84.5 [8] - Trump will deliver the State of the Union address [9] February 25 - The People's Bank of China will renew the MLF, and the specific operation amount will be determined according to market demand [10] - The German Statistics Office will announce the revised GDP of the fourth quarter of 2025, with expected quarter - on - quarter and year - on - year growth rates [11] - The EU Statistics Office will announce the final value of the eurozone's January CPI, with expected year - on - year rates [12] - The EIA will announce the change in US EIA crude oil inventories for the week ending February 20. A continued decline will help the rise of crude oil and related commodity futures [13] February 26 - The EU Statistics Office will announce the eurozone's February economic and industrial景气指数, with expected values [14] - The US Department of Labor will announce the initial jobless claims for the week ending February 21, with an expected value of 216,000, higher than the previous value [15] February 27 - The US Bureau of Labor Statistics will announce the US January PPI, with expected year - on - year and month - on - month rates [16] - The Chicago branch of the Institute for Supply Management will announce the US February Chicago PMI, with an expected value of 52.5, lower than the previous value [18] February 28 - The National Bureau of Statistics will announce the 2025 National Economic and Social Development Statistical Bulletin, and attention should be paid to its impact on relevant futures prices [19] March 1 - OPEC+ eight oil - producing countries will hold a monthly meeting on oil - production policies, and the decision on whether to resume production increase from April will affect crude oil and related futures prices [20]