资讯早间报：隔夜夜盘市场走势-20260305

Report Industry Investment Rating No relevant content provided. Core Viewpoints The report presents a comprehensive overview of global financial and commodity markets, influenced by geopolitical tensions in the Middle East, economic data, and regulatory changes. Key trends include rising prices in precious metals and oil due to geopolitical risks, mixed performance in domestic and international futures markets, and various developments in financial, industrial, and overseas sectors. Summary by Directory Overnight Night - Market Trends - International precious metal futures generally rose, with COMEX gold up 0.54% at $5151.60/ounce and COMEX silver up 0.35% at $83.77/ounce, driven by Middle - East tensions and economic uncertainty [4]. - US and Brent crude oil futures increased, with US oil up 2.08% at $76.11/barrel and Brent up 1.36% at $82.51/barrel, due to shipping disruptions in the Middle East [4]. - London base metals all rose, with LME tin up 4.83% at $51200/ton, LME aluminum up 2.60% at $3335.5/ton, etc. [4]. - Domestic futures contracts showed mixed performance, with styrene and iron ore up over 1%, while low - sulfur fuel oil and others declined [6]. Important News Macroeconomic News - China's manufacturing PMI in February was 52.1, up 1.8 from January, indicating strong supply - demand and confidence [8]. - There were conflicting reports about Iran's contact with the US CIA regarding conflict resolution [8]. - Iran's leader candidate was determined, and the leader committee will appoint a new supreme leader [9]. - The trading rules of shipping index (European line) futures contracts were adjusted [9]. - Cosco Shipping suspended new bookings on relevant routes due to Middle - East conflicts [10][11]. - US ADP employment in February increased by 63,000, the largest increase since November 2025 [12]. - The EU expected the US to maintain a 10% tariff on EU exports [12]. - There were contradictory reports about the situation on the Iran - Iraq border [12]. Energy and Chemical Futures - Finland's Metsä Fibre will halt production at its pulp mill in March to adjust to Asian market demand [14]. - Japanese commercial crude and gasoline inventories increased, while kerosene decreased, and refinery operating rates declined [14]. - The trading rules of multiple energy - related futures contracts were adjusted [15][17][18]. - UAE's Fujeirah port's refined oil inventories changed, with light distillates up, medium distillates down, and heavy fuel oil up [17]. - If the Strait of Hormuz remains closed, Iraq and Kuwait's oil supply may be cut by 3.3 million barrels per day [18]. - An oil tanker crossed the Strait of Hormuz, a rare occurrence [18]. - The US sent an official to Venezuela to promote oil and mining cooperation [20]. - US crude exports, production, and commercial inventories changed, and product supply increased [20]. Metal Futures - Chile's lithium, copper, and copper ore exports in February were reported, with significant exports to China [22]. - Several lead - zinc mines in China are expected to increase zinc concentrate production in March [22]. - The global platinum market will face a supply shortage in 2026, with a narrowing gap [22]. - Bahrain Aluminium declared force majeure, affecting supply contracts [23]. Black - Series Futures - The steel industry PMI in February was 46.7%, down 3.2 points, indicating a slowdown [26]. - Some steel mills in China cut coke prices [27]. - National building materials and hot - rolled coil production and inventory data changed [27]. Agricultural Futures - Canada is expected to increase canola planting and decrease wheat planting in 2026 [29]. - Chinese authorities held a meeting with pig - raising enterprises to discuss capacity control [30]. - Indonesia may face a more severe drought in 2026 [30]. - Malaysia's palm oil production in February decreased [32]. - Brazil's soybean and corn exports in March are expected to increase [32]. Financial Markets Financial - A - shares adjusted with reduced volume, with the Shanghai Composite Index down 0.98%, and market focus shifted to certain sectors [34]. - Hong Kong's Hang Seng Index fell 2.01%, with significant declines in some sectors [34]. - FTSE Russell adjusted the FTSE China A50 Index, with new inclusions [35]. - Some brokers launched 7×24 - hour silver - securities transfer services [36]. - Huabao Oil and Gas LOF suspended申购 and regular investment [38]. Industry - China's National Energy Administration emphasized rural energy development [39]. - China's mobile phone shipments in January decreased, with 5G phones accounting for 86.9% [40]. - China's enterprise active intelligent agents are expected to grow rapidly [40]. - China's office building demand and property transactions are expected to increase in 2026 [40]. - Shanghai sought sub - fund management institutions for three leading industries [40]. - Zhejiang promoted the development of the food industry [41]. Overseas - US President Trump nominated Kevin Warsh as the next Fed Chair, with potential obstacles [43]. - A Fed governor suggested a 1 - percentage - point rate cut this year [44]. - The Fed's Beige Book showed an optimistic economic outlook [44]. - US ADP employment increased in February [45]. - The EU introduced the "Industrial Accelerator Act" to boost manufacturing [45]. - The eurozone's unemployment rate hit a record low, and PPI data changed [45]. - The Bank of Japan's governor emphasized wage growth for inflation [46]. - South Korea's energy supply remained stable despite Middle - East tensions [48]. International Stock Markets - US stocks rose, driven by labor market and service sector data [49]. - European stocks rebounded, with improved market sentiment [49]. - Goldman Sachs warned of a potential short - term stock market correction [49]. - Broadcom reported financial results and planned a stock buy - back [50]. Commodities - Precious metals, oil, and base metals prices rose [52]. - The trading rules of multiple futures contracts were adjusted [53][54][55]. - China's commodity price index in February decreased month - on - month and increased year - on - year [56]. - Iraq may cut oil production due to the Strait of Hormuz crisis [57]. - Goldman Sachs raised oil price forecasts [57]. - Thailand's futures exchange adjusted silver futures trading rules [58]. Bonds - China's inter - bank bond market was strong, with falling yields [58]. - US bond yields rose [58]. - China's Ministry of Finance planned to re - issue 50 - year bonds [60]. - OECD said developed countries' government bond issuance will hit a record high in 2026 [60]. Foreign Exchange - The on - shore RMB against the US dollar depreciated, and the US dollar index fell [61]. - Some central banks intervened in the foreign exchange market [62]. Upcoming Economic Data and Events - A series of economic data will be released at different times [64]. - Various events, including policy briefings, central bank speeches, and corporate earnings reports, are scheduled [66].