当地时间1月13日，美股三大指数集体收跌。科技股涨跌互现，谷歌涨超1%。 商品市场方面，白银延续强势表现，伦敦现货白银、COMEX白银期货盘中均创历史新高。黄金温和走弱。 美股三大股指收跌 当地时间1月13日，美股三大指数集体收跌。Wind数据显示，道指跌0.8%，报49191.99点；标普500指数跌0.19%，报6963.74点；纳指跌0.1%，报23709.87 点。 美股大型科技股涨跌互现，万得美国科技七巨头指数跌0.22%。个股方面，谷歌涨超1%，英伟达涨0.47%，苹果涨0.31%，Meta、亚马逊、微软跌逾1%， 特斯拉跌0.39%。 消息面上，高盛将谷歌母公司Alphabet的目标股价从每股330美元上调至375美元，维持对Alphabet的"买入"评级。 白银延续涨势 商品市场方面，白银表现强势，黄金温和走弱。 截至北京时间1月14日5:21，伦敦现货白银涨2.11%，盘中最高涨至89.12美元的历史新高。COMEX白银期货涨1.87%，盘中也创下89.215美元的历史新 高。伦敦现货黄金跌0.22%，COMEX黄金期货跌0.42%。 美国去年12月消费者价格指数同比上涨2.7% 新华社消息 ...

Group 1 - The commodity market experienced a broad rally, with spot gold and silver prices reaching historical highs, while both WTI and Brent crude oil saw significant increases [1] - Spot gold peaked at $4634.58 per ounce, and spot silver surged over 4%, surpassing the $89 per ounce mark. COMEX silver also hit a new high of $89.215 per ounce [1] Group 2 - The U.S. Consumer Price Index (CPI) for December 2025 rose by 2.7% year-on-year, matching the previous month's increase but exceeding market expectations. The core CPI, excluding volatile food and energy prices, grew by 0.2% month-on-month and 2.6% year-on-year before seasonal adjustments [5] - Following the CPI data release, traders increased bets on an earlier interest rate cut by the Federal Reserve, with the probability of a rate cut in April rising to approximately 42% from 38% prior to the CPI announcement [5] - Despite the positive market sentiment from the CPI data, analysts believe it is insufficient to prompt an immediate rate cut by the Federal Reserve, as officials may seek more evidence of stabilizing inflation before making such a decision [5] Group 3 - International oil prices rose significantly, with WTI crude oil increasing by over 3% at one point, and both WTI and Brent crude oil prices up by more than 2% at the time of reporting [5] - President Trump announced a 25% tariff on any country conducting business with Iran, stating that this decision is "final" and "effective immediately" [6]

新华财经纽约1月13日电（记者刘亚南）美国劳工部13日发布的数据显示，2025年12月美国消费者价格 指数（CPI）同比上涨2.7%，与前月涨幅持平，高于市场共识预期的2.6%。 其中，当月家用食品和外出就餐价格环比均上涨0.7%，汽油价格环比下降0.5%，而天然气价格则环比 显著上涨4.4%。新车价格环比持平，二手车价格则环比下降1.1%，对物价涨幅贡献最大的居住成本指 数环比上涨0.4%。休闲价格指数环比上涨1.2%，为1993年开始公布该数据以来的最大涨幅。 分析人士认为，尽管12月核心消费者价格指数涨幅略低于市场预期，但由于通胀仍明显高于2%的目标 水平，美国联邦储备委员会预计在近期会保持利率不变。 （文章来源：新华财经） 数据显示，2025年12月食品和能源价格同比涨幅升至3.1%，能源价格同比涨幅则回落至2.3%。剔除波 动较大的食品和能源价格后，12月核心消费者价格指数同比上涨2.6%，与前一月涨幅持平，低于市场 共识预期的2.7%。 ...

Group 1 - JPMorgan Chase reported a net income of $13.025 billion for Q4 2025, a decrease of 10% quarter-over-quarter and 7% year-over-year due to a $2.2 billion provision for credit losses related to the acquisition of the Apple co-branded credit card portfolio [2] - The bank set aside $4.655 billion for credit loss provisions in Q4 2025, representing a 37% increase quarter-over-quarter and a 77% increase year-over-year, with net charge-offs amounting to $2.5 billion, up $150 million year-over-year [2] - The total net sales revenue for JPMorgan Chase in Q4 2025 was $46.767 billion, a 1% decrease quarter-over-quarter but a 7% increase year-over-year, with net interest income and non-interest income both increasing by 7% to $25.1 billion and $21.7 billion respectively [2] Group 2 - CEO Jamie Dimon stated that the U.S. economy remains resilient despite a softening labor market, with continued consumer spending and overall corporate health, supported by current fiscal stimulus and relaxed regulations [2] - Dimon warned that the market may be underestimating potential risks, including complex geopolitical conditions, persistent inflation risks, and high asset prices, and noted that political interference with the Federal Reserve could lead to higher inflation and interest rates [3] - JPMorgan Chase expects to achieve approximately $103 billion in net interest income for FY 2026, an increase from $95.9 billion in FY 2025, with adjusted expenses projected at around $105 billion for FY 2026, up from $96 billion in FY 2025 [3]

Group 1: Economic Indicators - The US December CPI unexpectedly cooled, leading traders to increase bets on a Fed rate cut in April, with the dollar index initially dropping before recovering, closing up 0.29% at 99.18 [3] - The core CPI was slightly below expectations, with the 10-year Treasury yield closing at 4.1840% and the 2-year yield at 3.5450% [3][10] - Spot gold reached a historical high but ended down 0.26% at $4585.95 per ounce, while silver rose 2.14% to $86.91 per ounce after hitting a peak of $89.12 [3][7] Group 2: Commodity Markets - WTI crude oil rose 0.29% to $61.09 per barrel, and Brent crude increased by 1.79% to $65.44 per barrel, influenced by concerns over reduced Iranian exports amid geopolitical tensions [4] - LME copper inventories fell by 22% to a six-month low, indicating potential supply constraints [13] Group 3: Stock Market Performance - The Hong Kong Hang Seng Index opened over 300 points higher but closed up only 0.9% at 26848.47, with significant trading volume of HKD 315.19 billion [5] - The A-share market saw the Shanghai Composite Index down 0.64% and the Shenzhen Component down 1.37%, with total trading volume exceeding 3.6 trillion [6] - Notable stock movements included Alibaba up 3.63%, WuXi AppTec up 8.3%, and Pinduoduo down 5.4% [5][6]

Economic Indicators - The U.S. December core Consumer Price Index (CPI) increased by 0.2% month-over-month and 2.6% year-over-year, both lower than market expectations by 0.1 percentage points, indicating a potential cooling of inflation [1] - The overall CPI figures met market expectations, suggesting that price increases are moving towards the Federal Reserve's 2% target, although levels remain elevated [1] - Housing costs, a key factor in inflation, rose by 0.4% month-over-month and 3.2% year-over-year, contributing significantly to the CPI increase [1] Stock Market Performance - The Dow Jones Industrial Average fell by 398.21 points, or 0.80%, closing at 49,191.99 points; the Nasdaq decreased by 24.03 points, or 0.10%, to 23,709.87 points; and the S&P 500 dropped by 13.56 points, or 0.19%, to 6,963.71 points [2] - Notable stock movements included Morgan Stanley (JPM) down over 4%, Intel (INTC) up 7.3%, and Google (GOOG) up 1% [2] Cryptocurrency Market - Bitcoin surged over 4.5%, surpassing the $95,000 mark, while Ethereum rose over 7% to $3,332.95 [3] - Related stocks such as MicroStrategy (MSTR) increased by over 6.6%, Coinbase (COIN) by 4%, and Robinhood (HOOD) by over 2.3% [3] Commodity Prices - Spot gold slightly decreased by 0.22%, priced at $4,586.62 [4] - Crude oil prices saw an increase, with light crude oil futures for February rising by $1.65 to $61.15 per barrel (up 2.77%) and Brent crude for March increasing by $1.60 to $65.47 per barrel (up 2.51%) [4] Government Actions - The U.S. government is seeking to seize more oil tankers related to Venezuelan oil trade, with recent actions including the seizure of five vessels [5] - The government has filed multiple civil forfeiture lawsuits to provide legal grounds for seizing oil cargo and vessels involved in the trade [5] Federal Reserve Insights - Federal Reserve official Musalem indicated that inflation risks are easing, suggesting no further rate cuts are necessary at this time [9] - He expressed optimism that inflation will trend towards the Fed's 2% target later this year, supported by recent inflation data [9] Corporate Developments - Boeing reported a total of 1,175 aircraft orders for 2025, surpassing Airbus's 1,000 orders, marking a recovery from a seven-year decline [10] - Boeing's deliveries totaled 600 aircraft for the year, with December alone accounting for 63 deliveries, the highest monthly total [10] - Meta Platforms is in discussions to double the production of Ray-Ban AI glasses to 20 million units by the end of 2026, with potential for further increases based on demand [11]

Economic Growth Outlook - France's economic growth is projected to be 0.9% in 2025 and 1% in 2026, with a notable acceleration in GDP growth of 0.5% quarter-on-quarter in Q3 2025 compared to Q2 [1] - The recovery in the French economy is attributed to multiple factors, including improved economic momentum in the second half of 2025, stabilization in investment, and better-than-expected industrial recovery [1] Sector Performance - The aerospace sector's easing supply constraints contributed to a 1.3% quarter-on-quarter increase in manufacturing output, while manufacturing exports rose by 4.8% and corporate investments increased by 0.8% [1] - A monthly business survey by the Bank of France indicated continued improvement in economic activity, particularly in the industrial sector, with key industries like computers, electronics, and optics driving growth [2] Inflation and Consumer Prices - France's inflation rate rose by 0.9% year-on-year in November 2025, remaining relatively low within the Eurozone, which helps stabilize consumer purchasing power expectations [1] - The stability in industrial sales prices and a slight increase in service prices were noted, with 8% of industrial firms reporting significant supply difficulties and 16% facing recruitment challenges, both showing a decrease from previous levels [2] Structural Challenges - Despite improved growth prospects, France's economy faces structural pressures, with public debt reaching €348.22 billion, accounting for 117.4% of GDP, and a projected fiscal deficit of 5.5% of GDP for 2025, significantly above the EU's 3% limit [3] - The French parliament has not yet formally approved the 2026 budget, leading the government to propose a "special law" to continue tax collection and borrowing, which is crucial for maintaining normal operations of state institutions [3]

美联储Barkin：通胀在正确的方向上变化。 ...

北京时间1月14日凌晨，美股周二尾盘走低，道指跌逾400点。美国12月CPI同比上涨2.7%符合预期。多 家金融公司将在本周公布财报，由此正式拉开美股第四季度财报季的帷幕。 道指跌402.46点，跌幅为0.81%，报49187.74点；纳指跌67.74点，跌幅为0.29%，报23666.16点；标普 500指数跌23.05点，跌幅为0.33%，报6954.22点。 消费者价格指数（CPI）用于衡量常见消费品和服务的平均价格变动情况。数据显示，12月美国通胀同 比增速与11月持平。 不过，从环比数据来看，12月通胀增速由11月预估的0.1%加快至0.3%。 但需要注意的是，11月的通胀报告在诸多方面存在异常 —— 由于美国政府此前经历了长达43天的停 摆，当年10月和11月的通胀数据收集工作受到了不利影响，这也使得此前发布的消费者价格指数报告所 呈现的通胀降温幅度被夸大。 在12月就业报告反映劳动力市场略有走弱但仍保持稳定（这可能促使美联储暂缓降息）后，市场目光聚 焦CPI数据。 周二早间公布的消费者价格指数（CPI）报告更全面地反映了去年秋季美国政府长期停摆造成的物价波 动。 美国劳工统计局（BLS）周二发布 ...

专题：美12月核心CPI同比增2.6%，低于预期 随着政府停摆导致11月通胀率被人为压低的一些扭曲因素逐渐消退，美国12月消费者物价上涨，受房租 和食品价格攀升带动，这巩固了美联储本月将维持利率不变的预期。 不过，今年降息的可能性仍然存在。劳工部周二的报告显示，12月核心通胀压力温和，经济学家认为这 暗示进口关税对价格的传导正在放缓。经济学家们对通胀是否已经见顶的看法不一。 尽管如此，食品和房租更加昂贵（价格涨幅为三年多来最大）凸显了特朗普总统面临的负担能力危机， 经济学家将这部分归咎于白宫的政策，包括全面进口关税。 特朗普提出了一系列降低生活成本的提案，包括禁止机构投资者购买独户住宅，以及指示负责监管抵押 贷款融资巨头房利美和房贷美的联邦住房金融局（FHFA）购买这两家公司发行的2000亿美元债券，以 降低抵押贷款利率。 高通胀削弱了消费者信心和特朗普的支持率，并将成为今年的政治热点，特朗普和他的共和党同僚们正 在为保住美国国会的控制权而努力。与投资者因通胀步伐温和而欢欣鼓舞相比，消费者可能更关心食品 价格和房租上涨。 "家庭可能不会密切追踪核心通胀，但他们会立即看到杂货价格和餐馆就餐价格，"洛约拉玛丽蒙特 ...