欲览更多环球财经资讯，请移步7×24小时实时财经新闻 市场 12月24日收盘：美股收高科技股领涨 标普指数创历史新高 12月24日美股成交额前20：凯西伍德持续减持特斯拉 12月24日热门中概股涨跌不一 台积电涨1.27%，蔚来跌2.40% 贵金属集体大涨 黄金白银再刷历史新高 周二国际油价小幅上扬 市场关注供需前景 欧洲股市升至纪录新高 美国批准推动诺和诺德股价大涨 宏观 特朗普称美联储主席应在市场表现良好时降低利率 美国消费者信心连续第五个月下滑 就业看法更趋悲观 美国发布H-1B签证新规 以高薪申请人为优先 美国经济2025年第三季度增长4.3% 美联储主席候选人哈塞特：美国在降息方面已严重滞后 贝森特：美联储2%的通胀目标有商榷余地 或可设置为一个区间 美国议员起诉特朗普 指其未经国会批准将个人名字加到肯尼迪中心 特朗普政府将于明年1月起，扣押拖欠助学贷款借款人的薪资收入 美国最高法院驳回特朗普在芝加哥动用国民警卫队的请求 美国对格陵兰岛动作不断 北欧三国声援丹麦 美国向加勒比增派特战飞机和部队 加拿大央行不确定下一次政策利率调整会在何时以及朝哪个方向 利比亚军方总参谋长在土耳其坠机事故中身亡 武契奇 ...

全球财经媒体昨夜今晨共同关注的头条新闻主要有： 来源：环球市场播报 特朗普表示，他期待美联储主席在经济形势良好的情况下降低利率。这是特朗普在即将宣布鲍威尔继任 者之际，迫切寻求提名一位致力于降息的候选人的最新信号。 美国消费者信心连续第五个月下滑 就业看法更趋悲观 特朗普周二在社交媒体发帖称："我希望新任美联储主席在市场表现良好时降低利率，而不是毫无理由 地摧毁市场。任何与我意见相左的人都永远当不上美联储主席！" 特朗普曾多次表示，他希望打破近期的趋势，即良好的经济数据反而会导致市场出现抛售，原因是投资 者担心通胀以及美联储相应的加息。 特朗普写道："过去，一有好消息，市场就上涨。如今，一有好消息，市场反而下跌，原因是大家都认 为利率会立即上调以应对'潜在的'通胀。" 美国消费者信心连续第五个月下降，受访者对劳动力市场和商业环境的看法转趋悲观。 世界大型企业联合会周二公布的数据显示，消费者信心指数从前月的92.9降至89.1，为2008年以来最长 下降周期。 1、美国消费者信心连续第五个月下滑 就业看法更趋悲观 2、特朗普称美联储主席应在市场表现良好时降低利率 3 、黄金白银连续两日刷新历史新高 避险需求成核 ...

美国总统特朗普就美联储主席人选与货币政策释放出更为明确的信号，如果经济和市场表现良好，他希 望新一任美联储主席推动降息，而不是因通胀担忧"无端打压市场"。 特朗普周二在社交媒体上表示："如果市场运行良好，我希望新的美联储主席能够降低利率，而不是毫 无理由地摧毁市场。任何不同意这一点的人，都不可能成为美联储主席。"他批评近年来形成的一种"反 常现象"，利好经济数据反而引发市场下跌，原因在于投资者担心美联储会因潜在通胀而迅速加息。 在美联储本月早些时候将基准利率下调25个基点至3.5%—3.75%，这是连续第三次会议降息，但联邦公 开市场委员会(FOMC)对后续是否继续降息仍存分歧。此次决议出现三名官员投反对票，为2019年以来 最多。鲍威尔会后直言，这次降息是一次"艰难的抉择"。特朗普此前多次呼吁将利率大幅下调至约 1%，甚至更低。 作为潜在主席人选的哈塞特，也在公开场合对美联储表达不满。他周二在接受采访时表示，尽管美国经 济在第三季度实现远超预期的增长，美联储降息速度依然偏慢。他称："如果你看看全球各国央行，美 国在降息方面明显落后于形势。" 哈塞特认为，人工智能热潮正在推动经济增长的同时，对通胀形成下行压力 ...

被视为美联储主席热门人选的哈塞特认为，人工智能繁荣在推动经济增长的同时压低了通胀，美国在降 息节奏上远远落后于全球其他央行。 这确实是个非常出色的数字，是送给美国人民的绝佳圣诞礼物。经济复苏真正开始加速，大 量人口重返劳动力市场……如果我们在新年继续保持4%的GDP增速，月度就业增长将回到 10万至15万的区间。 尽管第三季度经济表现强劲，但今年月度就业增长较去年大幅下降。劳工部上周公布的数据显示，11月 非农就业岗位增加6.4万个，10月则减少10.5万个。 经济学家将这一趋势归因于特朗普打击非法移民导致移民人数下降，以及劳动力需求疲软。 周二，美国白宫高级经济顾问哈塞特表示，尽管美国第三季度经济增速远超预期，但美联储降息步伐仍 不够快。他称强劲GDP数据是"送给美国人民的绝佳圣诞礼物"。 华尔街见闻提及，美国商务部周二公布的三季度实际GDP大幅增长4.3%，创两年内最快增速，超过道 琼斯3.2%的市场预期。哈塞特将1.5个百分点的增长归因于特朗普总统的关税政策缩减了美国贸易逆 差。 哈塞特强调，人工智能繁荣正在推动经济增长，同时对通胀形成下行压力。他说： 如果看看全球各国央行，美国在降息方面远远落后。 哈 ...

12月23日，日本央行前审议委员Makoto Sakurai周一表示，在日本央行行长植田和男至2028年初的剩余 任期内，央行可能会进一步加息三次，将利率推升至1.5%。他同时警告称，政府激进的财政支出计划 可能因加剧通胀而产生反作用。 Makoto Sakurai预计，日本央行下一次加息可能发生在明年6月或7月， 届时利率将升至1.0%。具体的加息时点将取决于美国经济的强度，以及日本国内工资和物价的最新进 展。 他指出，虽然日本央行未公开表态，但其内部可能将中性利率水平估算在1.75%左右。将利率提高 至1.5%既能处于该水平下方，又能为未来的降息操作预留足够空间。不过，随着借贷成本接近这一对 经济既不刺激也不抑制的中性水平，进一步的加息举措将面临更大挑战。 另外，摩根大通表示，关税政策的不确定性以及交易所交易基金（ETF）和各国央行的强劲需求，在 2025年将黄金价格推升至每盎司4000美元以上的历史新高。而来自中国保险业巨头和加密货币领域的新 需求，可能帮助这种贵金属在2026年底前突破每盎司5055美元。"虽然此轮黄金涨势并非直线上升，未 来也不会是，但我们相信，推动黄金价格基准走高的趋势并未枯竭，" ...

Group 1 - Gold prices have increased from $2,614 to $4,380 year-to-date, representing a rise of approximately 67%, making it one of the best-performing asset classes this year. The bullish trend in gold is expected to continue into 2026 due to the shift in the Federal Reserve's monetary policy [1] - The Federal Reserve has initiated a form of quantitative easing (QE) by announcing a $450 billion monthly purchase of short-term government bonds, with $200 billion aimed at meeting monetary demand and $250 billion for replenishing reserves. This move is seen as "invisible QE" despite the Fed's claims that it is merely a technical adjustment [3] - The liquidity gap in the U.S. is projected to reach $300 billion by 2026, indicating that merely halting the balance sheet reduction is insufficient to meet market liquidity needs. This could lead to inflationary pressures similar to those experienced during the pandemic, which previously triggered a bull market in gold [3] Group 2 - In 2025, the Federal Reserve, under Chairman Powell, executed three rate cuts totaling 75 basis points. However, the situation may change in 2026 with potential new leadership favoring lower interest rates [4] - Candidates for the new Federal Reserve chair, such as Kevin Hassett and Kevin Walsh, advocate for lowering rates below current levels, which could undermine the Fed's independence. This shift may align with President Trump's expansionary fiscal policies [4] - The Fed's dot plot indicates a potential rate cut in 2026, but weak employment and stable inflation may lead to two additional cuts, particularly in the first half of the year, with a lower bound around 3%. If the economy enters a recession, the Fed may tolerate inflation above 3% to support economic growth [4] Group 3 - Technically, gold is forming a bullish continuation pattern on the daily chart, approaching previous highs, but there are signs of overbought conditions. A potential pullback to around $4,230 is possible, while the overall outlook remains bullish with a target of $4,500 [5]

FICC日报 | 2025-12-23 降息与地缘共振，贵金属延续强势 市场分析 政策预期回摆。12月8日中共中央政治局会议召开：强调"继续实施更加积极的财政政策和适度宽松的货币政策"， 延续此前措辞。并强调"加大逆周期和跨周期调节力度"，逆周期和跨周期并提或意味着在总量维持的前提下，明 年政策边际增量更需要等待稳增长节点。12月11日中央经济工作会议召开：会议强调，深入实施提振消费专项行 动；强调深入整治"内卷式"竞争制定和实施；会议确认，把促进经济稳定增长、物价合理回升作为货币政策的重 要考量。后续继续提振消费，以及推进"反内卷"的大方向并未发生变化，未来物价回升路径仍需关注供给侧的政 策方向。在此基础上，多部委同步响应落实：央行明确将灵活高效运用降准降息等货币政策工具，发改委聚焦出 台消费提振实招新招、整治内卷并培育新动能，财政部则提出用好用足政府债券资金、发行超长期特别国债，着 力推动投资止跌回稳。数据方面，中国11月外贸增速大幅回升，以美元计价出口同比转增5.9%，进口同比增1.9%。 中国11月经济数据仍承压，消费环比跌至年内低点，固投与地产承压。近期多部委响应政治局会议精神，关注近 期降准降息， ...

北京时间周二(12月23日)亚盘时段，美元指数交投于98.169附近，现货白银今日开盘于68.99美元/盎司， 目前交投于69.55美元/盎司附近，白银t+d交投于16425元/千克附近，沪银主力交投于16430元/千克附 近。今日基本面关注美国将公布第三季度实际GDP年化季率初值、第三季度实际个人消费支出季率初 值。 周一(12月22日)美元指数下跌0.46%，收报98.266，现货白银收报69.01美元/盎司，上涨2.80%，由于避 险资金推动，现货黄金跳涨超2%，并将历史新高刷新至4440美元上方，现货白银价格随黄金继续刷新 历史新高：现货黄金上涨2.39%，报4442.41美元/盎司，现货铂金收涨7.69%，报2123.35美元/盎司；现 货钯金收涨3.15%，至1766.00元/盎司。 【最新数据一览】 12月22日白银ETF持仓16599.25吨，较前一交易日增加533.01吨； 12月22日延期补偿费支付方向：Ag(T+D)--空付多。 【要闻速递】 1.美联储理事米兰：支持降息50个基点的必要性有所减弱。若在明年1月31日前无人接替理事一职，可 能会继续留任。 2.据CNBC：熟悉情况的人士透 ...

Report Industry Investment Ratings No specific investment ratings for the industry are provided in the report. Core Views of the Report The report offers insights and analyses on various commodities in the futures market, covering precious metals, base metals, energy, agricultural products, and more. It presents the current market trends, fundamental data, and macro and industry news for each commodity, along with corresponding trend intensities and trading suggestions. Summary by Commodity Category Precious Metals - **Gold**: Inflation is moderately declining, with a trend intensity of 0 [6]. - **Silver**: Reached a new high, with a trend intensity of 0 [6]. - **Platinum**: Domestic and international markets resonate, and the bullish sentiment remains unabated, with a trend intensity of 1 [26][28]. - **Palladium**: The climbing pace has slowed, with an upward trend in oscillations, and a trend intensity of 1 [26][28]. Base Metals - **Copper**: The price rose as the US dollar declined, with a trend intensity of 1 [10][12]. - **Zinc**: Narrow - range fluctuations, with a trend intensity of 0 [13][15]. - **Lead**: Reduced inventory supports the price, with a trend intensity of 0 [16]. - **Tin**: Supply has encountered new disruptions, with a trend intensity of 1 [18][22]. - **Aluminum**: Range - bound oscillations, with a trend intensity of 1; Alumina had a slight rebound, with a trend intensity of 0; Cast aluminum alloy follows the trend of electrolytic aluminum, with a trend intensity of 0 [23][25]. - **Nickel**: The fundamental contradictions have not changed significantly, and concerns about Indonesian policies have increased, with a trend intensity of 0 [30][34]. - **Stainless Steel**: The fundamentals show weak supply and demand, and the news of Indonesian nickel mines has caused disturbances, with a trend intensity of 0 [30][34]. Energy and Chemicals - **Crude Oil - Related**: Not specifically mentioned in a comprehensive way, but some related commodities like fuel oil and asphalt are covered. - **Fuel Oil**: The night - session price rose, and short - term volatility increased, with a trend intensity of 1 [139]. - **Low - Sulfur Fuel Oil**: Mainly followed the upward trend, and the spot price spread between high - and low - sulfur fuels rebounded slightly, with a trend intensity of 1 [139]. - **Asphalt**: The spot price had a narrow - range adjustment, remaining stable despite the oil price trend, with a trend intensity of 1 [80][89]. - **Chemicals**: - **PTA**: Do not chase the high price, and it is in a high - level oscillating market, with a trend intensity of 0 [63][70]. - **MEG**: The trend is relatively weak, with a trend intensity of 0 [63][70]. - **LLDPE**: Some full - density products have been redirected, and the valuation support is limited, with a trend intensity of 0 [94][96]. - **PP**: The PDH profit has been compressed again, and the trend is weakly oscillating, with a trend intensity of 0 [97][99]. - **Caustic Soda**: A short - term rebound, and attention should be paid to inventory changes, with a trend intensity of 0 [100][102]. - **Methanol**: Oscillations are supported, with a trend intensity of 0 [112][115]. - **Urea**: Oscillating, with a trend intensity of 0 [116][119]. - **Styrene**: Short - term oscillations, with a trend intensity of 0 [120]. - **Soda Ash**: The spot market has changed little, with a trend intensity of 0 [124][125]. - **LPG**: The external cost is relatively strong, with a trend intensity of 0 [127][132]. - **Propylene**: There are expectations of supply - demand tightening, and the short - term trend is supported, with a trend intensity of 0 [128][132]. - **PVC**: A short - term rebound, but the upward space may be limited, with a trend intensity of 0 [136][137]. Agricultural Products - **Palm Oil**: The production cut is gradually being realized, and there is a short - term rebound, with a trend intensity of 1 [168][174]. - **Soybean Oil**: The price of US soybeans rebounded, and it is recommended to conduct range - bound operations, with a trend intensity of 0 [168][174]. - **Soybean Meal**: The US soybeans rose overnight, and the Dalian soybean meal may rebound and oscillate, with a trend intensity of +1 [175][177]. - **Soybean**: Oscillating, with a trend intensity of 0 [175][177]. - **Corn**: Attention should be paid to the spot market, with a trend intensity of 0 [178][181]. - **Sugar**: There is an expectation of a weak basis, with a trend intensity of 0 [182][185]. - **Cotton**: The futures price is oscillating strongly, and attention should be paid to downstream pre - holiday stocking, with a trend intensity of 0 [187][191]. - **Eggs**: Oscillating and adjusting, with a trend intensity of 0 [193]. - **Hogs**: Hold the reverse spread, with a trend intensity of - 1 [195][200]. - **Peanuts**: Attention should be paid to the purchases of oil mills, with a trend intensity of 0 [202][204]. Others - **Logs**: Low - level oscillations, with a trend intensity of 0 [59][62]. - **Synthetic Rubber**: The oscillation center has moved up, with a trend intensity of 0 [77][79]. - **Paper Pulp**: Oscillating, with a trend intensity of 0 [104][106]. - **Glass**: The raw sheet price is stable, with a trend intensity of 0 [109][110]. - **Ferroalloys**: - **Silicon Iron**: The sector and fundamentals resonate, and the trend is strongly oscillating, with a trend intensity of 0 [50][54]. - **Manganese Silicon**: The long and short sentiments are intertwined, and the trend is widely oscillating, with a trend intensity of 0 [50][54]. - **Coke and Coking Coal**: Wide - range oscillations, with a trend intensity of 0 for both [55][58]. - **Container Freight Index (European Line)**: Near - term contracts should focus on the opening guidance, while far - term contracts should focus on the progress of the Gaza peace talks, with a trend intensity of 0 [141][155]. - **Short Fibre**: Short - term follow - up of raw materials, with compressed processing fees, with a trend intensity of 0 [157][158]. - **Bottle Chips**: Short - term follow - up of raw materials, with a trend intensity of 0 [157][158]. - **Offset Printing Paper**: It is recommended to wait and see, with a trend intensity of 0 [160]. - **Pure Benzene**: Short - term oscillations, with a trend intensity of 0 [165][166].

来源：滚动播报 美联储米兰：降息之争必须归功于鲍威尔。 ...