Market Overview - The U.S. stock market experienced a decline, with the Dow Jones down 1.23%, Nasdaq down 2.10%, and S&P 500 down 1.39% for the week [3] - In contrast, European indices saw gains, with the FTSE 100 up 0.74%, DAX 30 up 0.78%, and CAC 40 up 0.46% [3] Economic Indicators - The upcoming week will feature significant economic data releases, including U.S. GDP and PCE inflation data, which are critical for assessing the potential timing of future interest rate cuts by the Federal Reserve [3][5] - The U.S. non-farm payroll report indicated strong employment growth, with 130,000 jobs added in January, suggesting limited likelihood of immediate rate cuts despite lower-than-expected inflation data [5][6] Commodity Market - International oil prices fell, with WTI crude down 1.04% to $62.89 per barrel and Brent crude down 0.44% to $67.75 per barrel, amid concerns over Middle Eastern geopolitical tensions and OPEC+ production outlook [9] - Gold prices rose by 1.43% to $5022.00 per ounce, driven by expectations of potential interest rate cuts, while silver increased by 1.45% to $77.851 per ounce [10][11] Corporate Earnings - The earnings season is nearing its end, with notable companies such as Occidental Petroleum, Walmart, and eBay set to report their results, along with Chinese company Vipshop [7] European Economic Data - Key economic indicators for Europe include the upcoming PMI data for France, Germany, and the Eurozone, which are expected to show limited improvement, with services remaining in expansion and manufacturing slightly contracting [12] - The UK is also set to release important employment and inflation data, with the market pricing a 63% probability of a rate cut by the Bank of England in March [14]

美国一月非农新增十三万人，降息预期推迟至七月 近日，美国劳工部公布了一月份最新的就业数据，显示美国经济在新增就业人数方面呈现出积极的增长 态势。据数据显示，美国一月份新增非农就业人数达到十三万人，这一数字超过了市场预期，显示出美 国经济在就业方面的强劲表现。 【注：本文内容由人工智能辅助生成，仅供学习和参考之用。文中观点和数据仍需经本人甄别与核实， 不代表最终立场。】 这一积极的数据公布后，市场对美联储的降息预期也发生了新的变化。此前，由于美国经济面临压力， 市场对于美联储未来降息的预期一度高涨。然而，一月份的非农就业数据表现强劲，使得市场对美联储 的降息预期有所推迟。 对于未来的经济走势，市场仍存在一定的不确定性。尽管一月份的非农就业数据表现积极，但美国经济 仍面临诸多挑战。例如，全球贸易环境的不确定性、地缘政治风险等都对美国经济构成压力。因此，未 来美联储的决策将需要综合考虑多个因素。 总的来说，美国一月份的非农就业数据为市场带来了积极信号，使得市场对未来的经济预期有所改观。 然而，面对复杂的全球经济环境，未来美国经济走势仍需密切关注。同时，市场对于美联储的降息预期 也因这一数据而发生变化，显示出就业数据 ...

| W | | | 伦敦银现 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | SPTAGUSDOZ.IDC | | | | | 79.149 | | 昨结 | 75.224 | 开盘 | | 75.255 | | +3.925 | +5.22% | 总量(kq) | 0.00 | 现手 | | O | | 最高价 | 79.339 | 持 仓 | 0 | 4 营 | | O | | 最低价 | 73.935 | 壇 仓 | 0 | 内 | | | | 时间 | 14:45 涨跌 | 1.484 | 均价 | 0.000 IOPV | | | | 价格 | 76.708 涨跌幅 1.97% | | 成交量 | 0 | | | | 釐加 | | | | 均价:-- | 참口 | | | 79.339 | | | | 5.47% 卖1 | 79.247 | 0 | | | | | | 第1 | 79.149 | 0 | | | | | | 21:39 79.186 | | O | | | | | | 21:39 79.202 | | 0 | | ...

Market Overview - The U.S. stock market experienced a decline, with the Dow Jones falling by 1.23%, the Nasdaq by 2.10%, and the S&P 500 by 1.39% last week [1] - In contrast, European indices saw gains, with the FTSE 100 up by 0.74%, the DAX 30 up by 0.78%, and the CAC 40 up by 0.46% [1] Federal Reserve Insights - The recent non-farm payroll report indicated strong U.S. employment data, with 130,000 jobs added in January, suggesting a low likelihood of interest rate cuts in the short term [2] - However, lower-than-expected inflation data has reignited expectations for potential rate cuts, with the market fully pricing in a 25 basis point cut by July [2] - The upcoming Federal Reserve meeting minutes are expected to reveal debates among policymakers regarding maintaining rates versus supporting cuts [2] Economic Indicators - Key upcoming economic data includes the U.S. GDP preliminary value for Q4 and the PCE inflation data, which are critical for the Fed's assessment [2] - The European PMI data for February will be crucial for assessing economic outlook, with expectations of slight improvements in services but a contraction in manufacturing [8] Commodity Market - International oil prices declined, with WTI crude down by 1.04% to $62.89 per barrel and Brent crude down by 0.44% to $67.75 per barrel [5] - Gold futures rose by 1.43% to $5022.00 per ounce, while silver futures increased by 1.45% to $77.851 per ounce, driven by expectations of lower interest rates [5][6] Corporate Earnings - The earnings season is nearing its end, with notable companies such as Occidental Petroleum, Walmart, eBay, and Chinese company Vipshop set to report their results [4]

上周国际市场风云变幻，贵金属市场延续巨震，AI抛售向其他板块蔓延。 市场方面，美股全线下挫，道指周跌1.23%，纳指周跌2.10%，标普500指数周跌1.39%。欧洲三大股指 走高，英国富时100指数周涨0.74%，德国DAX 30指数周涨0.78%，法国CAC 40指数周涨0.46%。 下周看点颇多。市场正等待美国国内生产总值（GDP）数据、个人消费支出（PCE）通胀数据，以及 美联储上次会议纪要，研判美联储下一次降息的可能时间。美国最高法院或公布特朗普政府关税合法性 决定。欧洲方面，重点数据包括欧元区及各国采购经理人指数（PMI）初值和英国通胀数据。亚洲方 面，因农历新年假期，多个市场休市。美国市场16日因总统日休市。 美联储公布会议纪要 上周公布的非农报告显示，美国就业数据表现强劲，1月新增就业13万人。强劲的就业市场表明，短期 内降息可能性不大。不过，随着美国通胀数据低于预期，也提醒投资者，尽管时点不确定，降息大概率 仍会到来。伦敦证券交易所集团（LSEG）数据显示，美国货币市场目前已完全定价美联储在7月降息 25个基点。 与此同时，市场将通过美联储会议纪要观察支持维持利率不变与支持降息的政策制定者之 ...

Group 1 - The core viewpoint of the article highlights the impact of the recent US CPI data on market expectations for a Federal Reserve interest rate cut, leading to a decline in the US dollar index and an increase in the attractiveness of precious metals [1] - Spot gold prices increased by 2.41%, reaching $5042.81 per ounce, while COMEX gold futures rose by 2.33% to $5063.8 per ounce [1] - Spot silver prices rose by 2.81%, reaching $77.34 per ounce, and COMEX silver futures increased by 2.10% to $77.27 per ounce [1] Group 2 - Following the rise in precious metal prices, domestic brand gold jewelry prices were adjusted upwards, with Chow Sang Sang's gold jewelry priced at 1551 yuan per gram, an increase of 27 yuan from the previous day [1] - Lao Miao's gold jewelry was priced at 1565 yuan per gram, up 36 yuan from the previous day's price of 1529 yuan per gram [1]

Group 1: CPI Overview - In January 2026, the overall CPI in the U.S. increased by 0.17%, below the expected 0.3% and the previous value of 0.30%[2] - The core CPI rose by 0.30%, matching expectations and up from 0.23% in the previous month[2] - Year-on-year CPI growth was 2.39%, lower than the expected 2.5% and the previous 2.68%[2] Group 2: Inflation Structure - The decline in overall CPI was primarily due to a significant drop in gasoline prices, which negatively impacted energy inflation[2] - Super core service inflation recorded a new high in year-on-year growth, indicating persistent inflationary pressure in this sector[2] - Excluding the unusual drop in used car prices, the core goods inflation is expected to rebound more significantly in the coming months[2] Group 3: Future Outlook - The expectation of expansive fiscal and monetary policies, along with seasonal impulses, is likely to support a phase of demand expansion in the U.S. economy in Q1 2026[2] - There are upward risks for non-farm payrolls and core CPI growth in February and March 2026, with the first interest rate cut by the Federal Reserve anticipated in June 2026[2] - Risks include potential overreach of Trump policies, excessive rate cuts leading to inflation rebound, and prolonged high-interest rates causing liquidity crises in the financial system[2]

Group 1: Cryptocurrency Market Overview - The cryptocurrency market is experiencing a broad rebound, with Bitcoin reaching a peak of $70,000 before settling at $69,977, representing a gain of 1.52% [1][2] - Ethereum has increased nearly 2%, currently priced at $2,090.90, while Dogecoin has surged close to 10% [1] - In the last 24 hours, over 90,000 traders have been liquidated, with total liquidation amounts nearing $200 million [2] Group 2: Liquidation Data - In the last 24 hours, total liquidations amounted to $190 million, with long positions accounting for approximately $44.7 million and short positions for about $150 million [3] - The liquidation data shows significant pressure on both long and short positions across various time frames, indicating high volatility in the market [3] Group 3: U.S. Economic Indicators - The U.S. January Consumer Price Index (CPI) showed a year-over-year increase of 2.4%, down from 2.7% in December, which is below economists' expectations of 2.5% [4] - The core CPI rose by 2.5% year-over-year, with a month-over-month increase of 0.3%, suggesting easing inflationary pressures [4] - Following the CPI report, traders have increased their bets on the Federal Reserve cutting interest rates three times this year, with a 50% chance of such cuts by year-end [4] Group 4: Market Sentiment and Predictions - Despite the recent CPI data, there are concerns regarding the future of cryptocurrencies, with predictions indicating an 82% chance that Bitcoin could fall below $65,000 this year [5] - The U.S. Treasury Secretary has indicated that the government will not provide a bailout for cryptocurrencies, emphasizing a lack of authority to intervene in the market [5]

Group 1: Ukraine Negotiations - Ukrainian President Zelensky stated that negotiations regarding Ukraine often involve different narratives, with the U.S. frequently asking Ukraine to make concessions rather than Russia [2] - Zelensky acknowledged feeling pressure from U.S. President Trump to reach an agreement with Russia, while asserting that Ukraine has already made several concessions [2] - The upcoming trilateral talks between Ukraine, the U.S., and Russia are expected to be serious and beneficial for all parties involved [2] Group 2: Cryptocurrency Market - The cryptocurrency market has seen a significant rebound, with Bitcoin reaching a peak of $70,000, while Ethereum and Dogecoin also experienced notable increases [9] - Over 90,000 traders faced liquidation in the last 24 hours, with total liquidations amounting to nearly $200 million [9] - The market dynamics indicate a high level of volatility, with substantial amounts of long and short positions being liquidated [10] Group 3: Pork Market Analysis - The domestic pork market is experiencing a "旺季不旺" (peak season not prosperous) situation, with futures contracts for pork dropping to 11,515 yuan per ton and spot prices falling below 6 yuan per jin [13] - Supply and demand mismatches are identified as the core logic behind the declining pork prices, with increased supply from large enterprises leading to a structural congestion in the market [13][14] - Analysts predict that while there is short-term downward pressure on pork prices, there are also potential support factors that could stabilize prices post-holiday [14][15]

Group 1 - The January inflation data in the U.S. was lower than expected, leading to strong market expectations for Federal Reserve interest rate cuts, which caused significant volatility in the cryptocurrency market [1] - Bitcoin's price surged past $70,000, reaching a year-to-date high, while Ethereum and Dogecoin also saw notable increases [1] - Despite the positive inflation data, the cryptocurrency market experienced over 90,000 liquidations in the past 24 hours, totaling nearly $200 million, indicating heightened risks associated with high-leverage trading [1] Group 2 - The U.S. Consumer Price Index (CPI) rose by 2.4% year-on-year in January, below the market expectation of 2.5%, and significantly down from 2.7% in December, suggesting ongoing easing of inflationary pressures [1] - Market expectations for Federal Reserve rate cuts increased, with projections rising from 58 basis points to 63 basis points, indicating a 50% probability of three rate cuts this year, particularly with an 80% chance of a cut in June [1] - Concerns about the concentration of positions in software, tech stocks, and cryptocurrencies are growing, with predictions indicating a high probability of Bitcoin dropping below $65,000 and $55,000 [2] Group 3 - The U.S. Treasury Secretary stated that the government would not bail out the cryptocurrency industry, which further dampens market expectations for policy support [2] - Despite strong non-farm employment data, the cooling inflation is expected to support the Federal Reserve's wait-and-see approach, avoiding premature rate cuts that could trigger a second wave of inflation [2] - The cryptocurrency market remains highly sensitive to liquidity expectations, with Bitcoin's year-to-date increase exceeding 40%, but high volatility continues to raise investor caution [2][3]