智通财经APP获悉，英国通胀率跌至八个月来的最低水平，降幅超出预期，交易员认为这几乎可以确定 英国央行将在周四降息。英国国家统计局周三表示， 11月CPI同比上涨3.2%，低于上月的3.6%，这主 要是由于蛋糕、饼干和早餐麦片等一些食品价格下跌所致，低于经济学家预期的3.5%和英国央行预测 的3.4%。 与此同时，11月核心CPI同比上涨3.2%，低于前值和预期的3.4%。而作为衡量国内经济状况的重要指 标，服务价格上涨了 4.4%，略好于英国央行此前预期的 4.5% 的涨幅。 数据公布后，英镑兑美元下跌0.7%至1.3322，投资者纷纷押注未来几个月借贷成本将下降，市场目前已 充分定价到明年4月底前将有两次降息。 凯投宏观英国首席经济学家Paul Dales表示，通胀"消退的速度远超所有人的预期"。他补充说，这种降 温"肯定足以促使英国央行行长明天掏出他的'大礼包'，提前给借款人送上一份圣诞礼物——降息"。 这些数据让英国央行在明天做出决定前，对通胀压力有了最新的了解。预计英国央行行长安德鲁·贝利 将在本周的会议上投下决定性的一票，而目前货币政策委员会的其他成员则势均力敌，鹰派和鸽派各占 四席。 尽管货币政 ...

从政策角度来看，美联储必须在努力阻止劳动力市场进一步疲软的同时，还要防止居高不下的通货膨胀 进一步恶化，这使得其面临着艰难的抉择。美联储官员一直坚称劳动力市场并非通胀的根源，今天发布 的就业报告也印证了这一说法。 虽然没有官方预测，但华尔街经济学家普遍预计，继9月份意外增加10.8万人之后，10月份就业人数将 出现下降。尽管存在这些复杂情况，但这份报告描绘的劳动力市场状况与以往类似。就业形势仍然是招 聘和裁员人数都较低。 周三(12月17日)亚市盘中，现货黄金走势小幅走高，目前交投于4331.88美元/盎司附近，现货黄金价格 在近期的日内交易中重拾涨势，得益于价格稳固站上4300美元这一主要支撑位，该位置为本轮反弹构筑 了坚实基础；与此同时，相对强弱指标释放出积极信号，进一步强化了市场的正向动能。 CNBC分析称，美国劳工统计局周二公布的数据显示，11月份非农就业人数增幅略高于预期。由于政府 停摆，这些数据发布有所延迟。当月新增就业人数为64,000人，好于道琼斯预期的45,000人。失业率升 至4.6%，高于预期。劳工统计局还发布了简略的10月份数据，显示非农就业人数减少了10.5万人。 从技术面来看，黄金 ...

Core Viewpoint - The Russian Central Bank's decision to sell 15 tons of gold in late November 2025 marks a significant shift in its financial strategy, indicating severe fiscal challenges and a potential loss of trust in the currency [1][3]. Group 1: Financial Situation - The Russian government faced a budget deficit of 4.2 trillion rubles in the first ten months of 2025, significantly higher than the previous year, prompting the Central Bank to sell gold to fill budget gaps [3]. - The Central Bank's gold reserves have decreased from 405.7 tons to 173.1 tons, with 232.6 tons sold in recent years, highlighting a critical depletion of financial buffers [1][3]. - The external environment is challenging, with $300 billion in assets frozen abroad, leading to reliance on money printing and tax increases to cover deficits, which in turn drives inflation above 8% [3][10]. Group 2: Military and Economic Impact - Military expenditures have surged, with daily costs reaching 453 billion rubles, the highest since the Soviet Union's dissolution, consuming a significant portion of the budget [6][8]. - The Russian economy is experiencing a decline in oil export revenues, with a drop of $3.6 billion year-on-year, exacerbating fiscal pressures [6][10]. - The military's personnel costs have escalated dramatically, with salaries for contract soldiers increasing from 20,000 rubles to 260,000 rubles, further straining the budget [8]. Group 3: Long-term Consequences - The strategy of selling gold is viewed as a temporary fix that undermines national creditworthiness and increases future financing costs, with the National Wealth Fund shrinking from $113.5 billion in 2022 to $51.6 billion [10][13]. - The ongoing conflict and sanctions have limited Russia's export and financial channels, with predictions of a significant drop in oil revenues, indicating a bleak fiscal outlook [11][13]. - The systemic issues are reflected in the growing number of regions facing budget deficits, totaling 169.2 billion rubles, suggesting widespread economic distress [13].

美国劳工统计局不得不放弃公布10月份的失业率，因为它无法在政府关门后追溯收集该数据。而10月份 就业人数的下降是自2020年底以来的最大降幅，原因是参加特朗普政府的买断辞职计划的工人正式退出 就业名单，联邦政府就业人数减少了16.2万人。 今日周三(12月17日)亚盘时段，白银td目前交投于15168一线上方/下方，今日开盘于14655元/千克，截至 发稿，白银td暂报15264元/千克，上涨4.02%，最高触及15333元/千克，最低下探14620元/千克，目前来 看，白银td盘内短线偏向震荡走势。 【要闻速递】 美国劳工统计局周二公布的数据显示，11月份非农就业人数增加了6.4万人，而10月份减少了10.5万人。 上个月的失业率为4.6%，高于9月份的4.4%，为2021年以来的最高水平。 从政策角度来看，美联储必须在努力阻止劳动力市场进一步疲软的同时，还要防止居高不下的通货膨胀 进一步恶化，这使得其面临着艰难的抉择。 【最新白银td行情解析】 日图来看，昨日白银td小幅下跌，连续两日收跌，今日白银td走势强势上涨，目前处于正值区间，布林 带向上开口，显现处于上涨轨道，仍有上涨空间，但KDJ顶背离发出上涨 ...

Group 1: Economic Impact of Tariffs - The global economy is experiencing significant downturns, with Switzerland reporting the largest economic contraction since the COVID-19 pandemic began in 2020, attributed to the volatility in foreign trade linked to new U.S. tariff policies [3] - Japan's economy also contracted in the third quarter, primarily due to reduced exports, while Mexico's economy began to shrink as a result of the unpredictable trade policies of the Trump administration [4] - The Canadian manufacturing sector has lost 36,500 jobs since the beginning of the year, marking the lowest labor force number since September 2021, largely due to the impact of U.S. tariff policies [4][5] Group 2: Specific Industry Challenges - Brazilian coffee exporters are facing unprecedented challenges due to a 50% tariff on coffee exports to the U.S., resulting in a more than 50% decrease in U.S. imports of Brazilian coffee from August to November compared to the previous year [6] - China's exports to the U.S. fell by nearly 29% in November, while imports from the U.S. dropped by 19%, reflecting the ongoing trade tensions and high tariffs [7][8] - U.S. farmers, particularly soybean producers, have seen a significant drop in income due to China's tariff responses, although recent data indicates a resurgence in Chinese purchases of U.S. agricultural products [9][10] Group 3: Federal Reserve Actions - The Federal Reserve lowered the federal funds rate target range by 25 basis points to between 3.5% and 3.75%, marking the third consecutive rate cut since September and the sixth since the current easing cycle began [12] - Fed Chairman Powell indicated that inflation rates have exceeded the Fed's target, largely due to increased tariffs, and suggested that the current rate cuts may be sufficient, although worsening employment data raises expectations for further cuts [12][13] Group 4: Policy Adjustments - The Trump administration is expected to reverse many of the previous Biden administration's policies, including new offshore oil and gas leasing plans and changes to fuel economy standards for vehicles [14] - The Chinese government is implementing measures to support technological innovation and industry upgrades, emphasizing the importance of domestic demand and investment to counter external economic pressures [16][17] Group 5: Market Reactions and Future Outlook - Morgan Stanley predicts that China's share of the global export market will increase from 15% to 16.5%, driven by advancements in manufacturing and technology sectors [19] - The U.S. manufacturing sector showed signs of improvement, with the ISM manufacturing PMI reported at 49.3, exceeding market expectations [19] - The ongoing trade negotiations between the U.S. and China have led to speculation about a significant agreement, although no formal confirmation has been made regarding the claimed "trillions of dollars" in purchases [19][20]

行情回顾： 国际黄金周二（12月16日）维持震荡走势，开盘价4318.16美元/盎司，最高价4335.04美元/盎司，最高价 4335.04美元/盎司，最低价4271.43美元/盎司，收盘价4319.66美元/盎司。 消息面： 美国劳工统计局周二公布的数据显示，11月份非农就业人数增加了6.4万人，而10月份减少了10.5万人。上个月 的失业率为4.6%，高于9月份的4.4%，为2021年以来的最高水平。美国劳工统计局不得不放弃公布10月份的失 业率，因为它无法在政府关门后追溯收集该数据。而10月份就业人数的下降是自2020年底以来的最大降幅，原 因是参加特朗普政府的买断辞职计划的工人正式退出就业名单，联邦政府就业人数减少了16.2万人。 CNBC分析称，美国劳工统计局周二公布的数据显示，11月份非农就业人数增幅略高于预期。由于政府停摆， 这些数据发布有所延迟。当月新增就业人数为64,000人，好于道琼斯预期的45,000人。失业率升至4.6%，高于 预期。劳工统计局还发布了简略的10月份数据，显示非农就业人数减少了10.5万人。虽然没有官方预测，但华 尔街经济学家普遍预计，继9月份意外增加10.8万人之后， ...

来源：环球市场播报 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17日收盘：美股涨跌不一道指跌逾300点 非农数据描绘疲软经济 12月17日美股成交额前20：特斯拉创历史新高，马斯克坐拥6000亿美元 宏观 特朗普周三将发表全国讲话 或预告明年政策动向 白宫新闻秘书：特朗普周三讲话可能谈到未来政策计划 特朗普政府扩大对外国公民入境美国的限制 美国威胁对欧盟数字服务税计划实施报复 或启动301调查 美国威胁对欧盟数字服务税计划实施报复 埃森哲、西门子等或遭限制 贝森特：本周还将进行美联储主席面试 12月17日热门中概股涨跌不一 拼多多跌1.25%，小马智行涨7.28% 美国原油价格跌至2021年初以来最低水平 市场面临供应过剩压力。 现货黄金跌0.03% 报4303.69美元/盎司 美国就业数据拖累欧洲股市下跌 国防股走低 特朗普拟面试美联储理事沃勒 考虑提名其担任美联储主席 美国副总统万斯称他经常和白宫幕僚长威尔斯开阴谋论玩笑 欧盟放宽内燃机禁令 汽车制造商迎来喘息之机 公司 特斯拉股价创历史新高 辅助驾驶乐观情绪升温 特斯拉董事会成员获得30亿美元股票奖励，远超Alphabet、Met ...

全球财经媒体昨夜今晨共同关注的头条新闻主要有： 美国威胁对欧盟数字服务税计划实施报复 或启动301调查 1、美国威胁对欧盟数字服务税计划实施报复 或启动301调查 2、特朗普政府扩大对外国公民入境美国的限制 3、特斯拉股价创历史新高 自动驾驶乐观情绪升温 4、美国副总统万斯称他经常和白宫幕僚长威尔斯开阴谋论玩笑 5、城堡投资创始人格里芬称共和党的政策正在加剧通货膨胀 6、美联储博斯蒂克：倾向12月按兵不动 通胀风险更为紧迫 特朗普政府威胁要对欧盟采取报复措施，以反击欧盟对美国科技公司征税，被点名的知名企业包括埃森 哲、西门子和Spotify，它们可能成为新的限制措施或收费的目标。 美国贸易代表办公室（USTR）周二在社交媒体发帖称，"如果欧盟及其成员国坚持通过歧视性手段继续 限制、约束和阻碍美国服务提供商的竞争力，美国将别无选择，只能开始动用一切可用工具反制这些不 合理举措。" 帖文称，"若需要采取反制措施，美国法律允许对外国服务商收取费用或实施限制措施等行动。" 特朗普政府扩大对外国公民入境美国的限制 美国总统特朗普签署进一步限制来自部分国家公民入境的公告，将马里、尼日尔、叙利亚、布基纳法索 和南苏丹加入此 ...

Atlanta Fed President Raphael Bostic said he thought the economy was no longer in danger of a sharp rise in the unemployment rate that might spur a recession. ...

Core Viewpoint - Ken Griffin, founder of Citadel Investment, indicates that the Republican Party is struggling with policies on tariffs and immigration that are driving inflation, but emphasizes that deregulation will ultimately help curb rising prices [1] Group 1: Republican Policies and Inflation - Griffin states that many policies proposed by Republicans during their campaigns, such as banning illegal immigration, are actually contributing to inflation by reducing the available labor force [1] - He highlights that terminating the flow of illegal immigration constrains the labor market, which is inflationary [1] Group 2: Long-term Economic Outlook - In the long run, Griffin believes that deregulation should lead to productivity improvements, which will help reduce inflation [1] - The Federal Reserve officials have cut interest rates for the third consecutive time but signaled that further cuts are not guaranteed, with some decision-makers concerned about inflation remaining above the Fed's 2% target [1] Group 3: Market Reactions - Griffin notes a divergence in responses between the bond market and the stock market regarding inflation and deregulation issues [1]