3分钟看清春节全球要闻（申万宏观·赵伟团队）

Global Macro Assets - Major overseas stock indices rose during the Spring Festival period, with the Nasdaq, S&P 500, and Dow Jones increasing by 1.5%, 1.1%, and 0.3% respectively, driven by a Supreme Court ruling that deemed certain tariffs illegal [3][7] - The WTI and Brent crude oil prices surged by 5.7% and 5.9% to $66.5 and $71.8 per barrel respectively, supported by improved demand outlook and geopolitical tensions in Iran [3][12] - The offshore RMB strengthened, reaching 6.88, despite a 0.9% rebound in the US dollar index, influenced by widening interest rate differentials [3][10] Overseas Economic Data - The US GDP growth for Q4 was 1.4%, below the expected 3%, primarily impacted by government shutdowns [4][17] - The US Supreme Court ruled against the legality of certain tariffs imposed under the IEEPA, which may lead to a slight decrease in tariff rates in the short term [4][41] - Japan's CPI for January fell to 1.5%, with energy prices being a significant factor, while its Q4 GDP growth was only 0.2%, also below market expectations [4][36][38] Domestic Events and Data - During the Spring Festival, domestic travel intensity increased, with a total of 1.72 billion trips made, reflecting a 4.6% year-on-year growth [5][61] - Hotel and flight prices rose, with average ticket prices for flights reaching 908 yuan, up from 884 yuan last year [5][86] - Traditional tourist spots saw a resurgence in popularity, while unique tourism experiences, such as "intangible cultural heritage tours," performed exceptionally well [5][81]