2026年2月26日，国际贵金属市场一开盘就传递出一个强烈的信号：黄金和白银的价格正在同步强势上涨，而白银的上涨势头比黄金更为猛烈。 这一 天，伦敦现货黄金的价格达到了5169.02美元一盎司，比前一天上涨了0.44%；而伦敦现货白银的价格则冲到了89.048美元一盎司，单日涨幅高达2.10%。 在国内市场，上海黄金交易所的黄金T D报价为1149.48元一克，上涨0.32%；白银T D的报价为22418元一公斤，涨幅达到了2.62%。 这种金银齐涨，且 白银涨幅远超黄金的现象，成为了当天全球金融市场最受关注的动向之一。 推动价格上涨的直接力量来自多个方面。 美联储未来可能降息的预期是市场普遍谈论的一个因素。 尽管美国近期的就业数据表现不错，但市场仍然认 为，为了应对经济可能出现的放缓，美联储在2026年年内进行降息的可能性很大。 这种预期导致美元走势相对疲软，而国际上主要的黄金和白银都是 以美元来计价的，美元走弱使得用其他货币购买这些金属的成本降低，从而刺激了全球范围内的购买需求。 与此同时，国际局势的紧张也为贵金属价格提供了支撑。 美国与伊朗之间的紧张关系持续受到关注，市场担心地区冲突有升级的风险。 这种 ...

2026年春节金价上演惊魂过山车：从5600美元历史巅峰暴跌至4400美元深渊，单日跌幅创下43年纪录，全球央行 年购金863吨形成托底，市场在美联储降息预期、地缘政治风险与美元信用危机多重博弈中剧烈震荡 你有没有见过这样的场面？ 一种被称为"终极避险资产"的东西，在短短30个小时里，价格像坐上了没有安全带的 过山车，从让人尖叫的历史最高点，一头栽进深谷。 这不是电影，这是2026年马年春节前后，真实发生在全球黄 金市场上的剧情。 时间回到2026年1月29日。 那天，国际现货黄金的价格，冲到了每盎司5598美元。 这是一个前所未有的数字，黄 金第一次站上5000美元大关后，还在继续狂飙。 相比2025年初，价格已经涨了超过70%。 如果你在那时走进北京 或深圳的任何一家金店，会发现柜台前挤满了人，队伍能排出去几十米。 周大福、老凤祥这些品牌的足金饰品， 每克标价已经冲到了1620元到1708元。 一条30克的金项链，在2025年初买可能不到4万块，这时候你要掏超过8万 元。 但狂欢的顶峰，往往紧接着就是坠落。 仅仅两天后，1月31日，市场迎来了一个"黑色星期五"。 黄金价格毫无征 兆地开始跳水。 在28分钟 ...

标普500指数在过去四个月的大部分时间里一直处于区间震荡，投资者正不惜重金为可能出现的下一次 大跌寻求保护。但在越来越多的策略师看来，这种悲观情绪反而让人有理由期待截然相反的行情。 随着标普500指数今年大部分时间都在7000点下方徘徊，打破了所谓"即将突破"的预言，投资者（尤其 是散户）的情绪发生了转变。当然，停滞不前是有原因的。人工智能工具导致多个板块出现大幅抛售， 贸易政策依然扑朔迷离，地缘政治紧张局势也居高不下。 英伟达公布的业绩为多头提供了潜在的火花。这家芯片制造商发布了好于预期的收入预测，公布的收益 也超过了预期，至少暂时消除了人们对AI支出正在成为负担的部分担忧。 不管英伟达走势如何，美股可能还需要更多信号才能确立"警报解除"。过去几年逢低必买的散户投资者 正显露出疲态。花旗编制的数据显示，上周非专业投资者的交易量仅占股票总交易量的8.3%，而去年 的平均水平为11.7%。今年早些时候，他们的参与度一度降至2024年以来的最低水平。 Kaiser表示："散户交易量暴跌。那些人真的已经撤退了。" 随着美国在伊朗附近集结军事力量，地缘政治风险依然存在。那里的任何敌对行动都可能颠覆全球能源 市场，这使 ...

Market Sentiment and Trends - The S&P 500 index has been in a range-bound state for nearly four months, with investors paying high premiums to hedge against potential downward volatility [1] - Many strategists believe that the prevailing pessimism may signal a potential market reversal upwards [1] - The index has been oscillating below 7000 points for most of the year, breaking expectations of an upward breakout [1] Derivative Market Activity - Investors are flocking to the derivatives market, purchasing positions that profit from significant declines in the S&P 500 index [1] - The "put/call skew" ratio surged to a two-year high last week, indicating increased demand for downside protection [1] - A one-month standardized put option skew reached its highest level in over a year, suggesting extreme market sentiment [4] Investor Behavior and Predictions - Significant capital is flowing into short-term tactical hedging tools, indicating a cautious approach among investors [4] - If geopolitical risks, particularly concerning Iran, subside, a large risk premium could be removed from the market, prompting sidelined investors to enter [4] - Analysts predict a potential rebound led by tech giants, which could push the S&P 500 index towards the psychological barrier of 7000 points [4] Nvidia's Impact - Nvidia's recent earnings report provided a potential catalyst for bullish sentiment, exceeding revenue expectations and alleviating concerns about AI spending becoming a financial burden [5] - Despite Nvidia's performance, the market may require additional support to fully signal a recovery, as retail investor participation has shown signs of fatigue [5] - Retail investors accounted for only 8.3% of total stock trading volume last week, down from an average of 11.7% last year, indicating a retreat from the market [5]

The S&P 500 has been stuck in a range for the better part of four months, and investors are paying up to protect against the possibility that the next big move is down. To a growing number of strategists, that pessimism is cause to expect the opposite. The change in mood among investors, particularly the retail crowd, arrives as the S&P 500 has churned below 7,000 for most of the year, defying predictions that a breakout is imminent. There are, of course, reasons for the stagnation. Artificial intelligenc ...

彭博对冲基金指数的初步数据显示，在彭博宏观对冲基金指数的带动下，对冲基金上个月上涨2.9% 。 截至2026年1月30日的彭博对冲基金策略收益 主要内容 彭博另类投资简报 私募股权市场回顾 2026年1月 彭博另类投资简报 摘取彭博终端实时数据及热点资讯，为您带来全球私募股权市场和对冲基金市场的 最新动态。彭博另类投资板块涵盖投融资事件、PE/VC基金募资情况、GP数据、对冲基金净值及指 数、机构投资者数据等。 市场回顾 行业亮点 新发行私募股权基金 业绩概览 交易亮点 对冲基金市场回顾 市场押注 落子布局，玩家动态 业绩概览 点击 " 阅读原文 " ，彭博将为您演示终端功能。 扫码查看完整简报，您将了解以下市场动态： 黑石集团将成为新世界最大股东？谈判进行时 桥水基金表示，今年仍看好中国股市。 去年，中国股市的反弹助力桥水的境内对冲基金斩获 45% 的收益，这一成绩至少是近五年来的最佳表现。桥水境内私募基金管理部门在12月致投资 者的信中提到，尽管去年股价已大幅上涨，但随着企业盈利预期的改善，中国股票"在一定程度 上仍具吸引力"。 法国巴黎银行的一项年度调查表明， 越来越多的全球投资者计划今年向专注于中国的 ...

2月25日（周三），伦敦金属交易所（LME）基本金属周三全线飘红，其中伦铜盘中触及两周高点，因 为在美国最高法院裁定特朗普政府大规模加征关税违法后，市场情绪被经济增长与需求乐观预期主导。 伦敦时间2月25日17:00(北京时间2月26日01:00)，LME三个月期铜上涨156美元，或1.18%，收报每吨 13,322.50美元，盘中早些时候曾触及13,335美元，创2月11日以来新高。 | | 2月25日 LIE基本金属收盘报价(美元/吨) | | | | --- | --- | --- | --- | | 金屋 | 收盘价 | 张跃 | 楽器 | | 三个月期铜 | 13.322.50 1 | +156.00 ↑ +1.18% | | | 三个月期铝 | 3.170.50 ↑ | +77.00 ↑ +2.49% | | | 三个月期锌 | 3,388.50 1 | +9.00 ↑ +0.27% | | | 三个月期铅 | 1.990.50 1 | +35.50 ↑ +1.82% | | | 三个月期镇 | 18,085.00 | +176.00 ↑ +0.98% | | | 三个月期锡 | | 53,698 ...

Core Viewpoint - The Australian dollar, Norwegian krone, and New Zealand dollar have significantly outperformed other major currencies this year as traders bet on a shift from interest rate cuts to hikes in global monetary policy [1][3]. Group 1: Currency Performance - The Australian dollar has appreciated over 6% against the US dollar year-to-date, reaching its highest level in nearly three years [1]. - The New Zealand dollar has risen approximately 3.7% against the US dollar this year, with expectations of an upcoming interest rate hike [3]. - The Norwegian krone has gained over 5% due to unexpectedly high inflation, leading traders to speculate on a potential small rate hike in the first half of the year [3]. Group 2: Monetary Policy Shifts - The Reserve Bank of Australia raised its benchmark interest rate by 25 basis points to 3.85%, marking its first rate hike in over two years [1][3]. - Analysts believe this could signal the beginning of a sustained tightening cycle, with expectations of one to two more rate hikes this year, each by 25 basis points [3]. - The shift in monetary policy reflects a broader trend among major economies to end years of rate cuts and focus on controlling inflation [3]. Group 3: Economic Context - The economic structures of Australia, New Zealand, and Norway are heavily weighted towards commodities, often categorizing them as "commodity currencies" [3]. - Recent increases in oil, copper, and other export commodity prices have provided additional support for these currencies [3]. - Concerns over the U.S. government's fluctuating policies and rising debt levels have led investors to seek diversification away from dollar-denominated assets, benefiting these commodity currencies [4].

Press Release 25 February 2026 HSBC CONTINENTAL EUROPE2025 ANNUAL AND SECOND HALF RESULTS On 24 February 2026, the Board of Directors of HSBC Continental Europe reviewed the results for the second half of the year and approved the consolidated financial statements for 2025. Revenue performance in 2025 was strong with increased client activity and deposit growth in Corporate and Institutional Banking (‘CIB’) offsetting the impacts of lower interest rates on net interest margins.  During the year, HSBC Contin ...

Core Viewpoint - The British pound is experiencing fluctuations against the US dollar and euro, influenced by interest rate differentiation and market sentiment, with uncertainties in UK politics and potential further rate cuts from the Bank of England impacting its near-term outlook [1][6]. Group 1: Currency Performance - The British pound has risen by 0.10% against the euro, currently at 87.17 pence, after hitting a low of 87.52 pence, the lowest since December 19 [3][8]. - The British pound has increased by 0.18% against the US dollar, now at 1.3511 dollars [4][9]. Group 2: Economic Indicators - The Bank of England's Governor Andrew Bailey indicated that a rate cut in March is possible, although recent data shows that service price inflation has not eased as hoped [2][7]. - The UK 10-year government bond yield fell to its lowest since December 2024 at 4.29% on Tuesday, before rising by two basis points on Wednesday [5][9]. - The UK Debt Management Office's upcoming bond issuance plan is under close scrutiny, which will follow the Chancellor's submission of the latest economic growth and borrowing forecasts to Parliament [4][9]. Group 3: Political Context - Political uncertainties are rising, particularly surrounding Prime Minister Keir Starmer, who faces calls for resignation due to the appointment of Peter Mandelson as the UK ambassador to the US, amid scrutiny related to Mandelson's past connections [5][9].