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上调!出口增长强劲,外资最新观点来了
券商中国· 2025-12-15 23:37
Economic Growth Outlook - The National Bureau of Statistics reported that China's GDP growth target of 5% for the year is almost certain to be achieved, supported by strong economic indicators [1][3] - Goldman Sachs and Deutsche Bank have raised their GDP growth forecasts for China, predicting a steady export growth of 5%-6% through 2026, with a diminishing negative impact from the real estate sector on GDP growth [2][3] Export Performance - In the first eleven months, the total value of goods imports and exports increased by 3.6%, with exports growing by 6.2%, exceeding expectations [3] - Goldman Sachs anticipates that the growth in China's export volume will continue to rise by 5%-6% annually in the coming years, driven by an expanding global market share [3] Real Estate Sector Impact - The real estate market, while still weak, is expected to have a reduced direct negative impact on GDP growth, with the drag decreasing by approximately 0.5 percentage points annually in the coming years [3][4] - The central economic work conference emphasized the need to reduce excess inventory in the real estate sector, which is seen as a necessary step for economic recovery [4][6] Policy Measures - The central economic work conference outlined key strategies for economic work in the coming year, focusing on increasing household income and promoting service consumption to boost domestic demand [6] - Deutsche Bank forecasts that the fiscal deficit rate will remain around 8.5% of GDP in 2026, with special government bond issuance increasing to 1.5 trillion yuan [6][7] Monetary Policy Expectations - There is a consensus among various investment banks that the fiscal deficit rate will stabilize around 4% of GDP, although opinions differ on the likelihood and extent of interest rate cuts [7] - Goldman Sachs predicts a 20 basis point interest rate cut, while UBS expects a combination of rate cuts and reserve requirement ratio reductions to support economic growth [7] Currency Outlook - The strong export performance and a current account surplus of $600 billion (2.8% of GDP) are expected to accelerate the internationalization of the renminbi [8] - Deutsche Bank projects that the renminbi will appreciate against the US dollar, reaching 6.7 by the end of 2026 and further strengthening to 6.5 by the end of 2027 [8]
野村证券:马来西亚经济增长可能在2026年加强
Xin Lang Cai Jing· 2025-12-12 10:25
野村证券分析师在一份研究报告中写道,在国内需求依然强劲的推动下,马来西亚2026年GDP增长预计 将加强。 在政府实施结构改革和重大基础设施项目的支持下,投资支出强劲。国内劳动力市场趋紧将支持私人消 费,而科技周期可能支持马来西亚的出口增长。然而,野村证券表示,增长前景可能面临外部因素的风 险,如全球增长大幅放缓和科技周期下行。 野村证券将马来西亚2026年的增长预期从4.0%上调至5.2%,高于其对2025年4.8%的预期。(新华财 经) 野村证券分析师在一份研究报告中写道,在国内需求依然强劲的推动下,马来西亚2026年GDP增长预计 将加强。 在政府实施结构改革和重大基础设施项目的支持下,投资支出强劲。国内劳动力市场趋紧将支持私人消 费,而科技周期可能支持马来西亚的出口增长。然而,野村证券表示,增长前景可能面临外部因素的风 险,如全球增长大幅放缓和科技周期下行。 野村证券将马来西亚2026年的增长预期从4.0%上调至5.2%,高于其对2025年4.8%的预期。(新华财 经) ...
加拿大央行维持利率不变,释放更长时间“暂停”信号
Feng Huang Wang· 2025-12-11 01:52
当地时间周三,在2025年最后一次货币政策会议上,加拿大央行如期将基准利率维持在2.25%不变。 行 长麦克勒姆表示,尽管美国加征高额关税,但加拿大经济"整体仍展现出韧性"。 加拿大央行将基准利率继续锁定在2.25%,并称当前水平恰到好处。既有利于将整体通胀稳定在2%附 近,同时为受美国关税挤压的经济提供一定的刺激力度。 加拿大经济近期表现强于预期:第三季度年化GDP增长达2.6%,远超市场预期;9月至11月期间新增就 业岗位18.1万个。 麦克勒姆在开场白中强调,截至目前,经济表现仍具韧性,通胀压力总体可控,整体CPI略高于央行2% 的目标。"管委会认为,目前的政策利率大体处于合适水平,能够使通胀保持在接近2%的目标附近,同 时支持经济平稳运行。" 但麦克勒姆表示,不确定性仍然较高,一旦前景发生变化,央行已做好应对准备。这一措辞与10月会议 声明中的口径完全一致。 美联储也将在当地时间周三公布利率决议,多数经济学家预计该央行将降息25个基点。 麦克勒姆提醒称,尽管经济表现比预期坚挺,但四季度GDP增速大概率偏弱,企业招聘意愿也趋谨 慎。"在关税冲击与贸易波动双重作用下,季度数据起伏加剧,判断经济潜在动能的难 ...
【环球财经】美联储降息支撑纽约黄金期价10日上涨
Xin Hua Cai Jing· 2025-12-11 01:05
新华财经纽约12月10日电(记者徐静)纽约商品交易所黄金期货市场交投最活跃的2026年2月黄金期价 10日上涨22.1美元,收于每盎司4258.3美元,涨幅为0.52%。 美国联邦储备委员会10日结束为期两天的货币政策会议,宣布将联邦基金利率目标区间下调25个基点至 3.5%至3.75%之间。 加拿大央行10日维持2.25%利率不变,符合市场预期。加拿大央行指出,第三季度经济增长强劲、通胀 趋于缓和以及劳动力市场改善,是当前利率暂时适宜的原因。加拿大利率决定宣布后,加拿大元兑美元 大幅下跌。 世界黄金协会数据显示,波兰央行11月份购入14吨黄金,目前黄金总持有量为544吨,占其黄金储备总 量的27%。巴西当月是第二大黄金买家,官方黄金储备增加了11吨,这也是巴西连续第三个月购入黄 金。 美联储当日声明并未提供太多前瞻性指引。"现有指标显示,经济活动正以温和的速度扩张。今年以 来,就业增长有所放缓,失业率在9月份略有上升。近期指标也与这些趋势相符。通胀率自年初以来有 所上升,目前仍处于较高水平。" 美联储预计明年GDP将增长2.3%,高于9月份预测的1.8%。预计明年失业率将升至4.4%,与9月份的预 测持平; ...
Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy
Yahoo Finance· 2025-12-10 18:51
The U.S. Federal Reserve delivered a widely expected 25 basis point rate cut on Wednesday, lowering the range on its benchmark fed funds rate by 25 basis points to 3.50% to 3.75%. This marks the third straight quarter point reduction and brings short-term borrowing costs to their lowest level since 2022. "Uncertainty about the economic outlook remains elevated," said the Fed in its policy statement. "The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks ...
瑞典三季度GDP同比增长2.6%
Shang Wu Bu Wang Zhan· 2025-12-10 18:12
(原标题:瑞典三季度GDP同比增长2.6%) 瑞典统计局11月28日发布,瑞典2025年三季度GDP同比增长2.6%,环比增长 1.1%。报道称,三季度GDP增速加快,经济复苏基础广泛,出口、固定资产投资 和居民消费均有所贡献。 ...
Blanch: Oil faces mild downside, but the floor is solid
Youtube· 2025-12-09 13:07
All right, why don't we start off with your uh forecast for the average price for both WTI and Brent coming up in the new year. It's kind of pretty much where we're at right now. Why do you see things pretty much being flat on average.>> So, we just to be clear, we have a $60 a barrel um brand forecast and $57 a barrel WTI forecast average for next year. And uh we think prices will likely be a little weaker in the first half of next year and maybe uh things can improve into the second half. Um now remember ...
Bessent says US 'going to finish the year' with 3% GDP growth despite government shutdown
Fox Business· 2025-12-08 18:21
Treasury Secretary Scott Bessent said he expects the U.S. to end the year with a better-than-expected 3% gross domestic product (GDP) growth. Bessent appeared Sunday on CBS News' "Face the Nation" and was asked by host Margaret Brennan about whether President Donald Trump was wrong to predict this spring that Americans may buy "two dolls instead of the 30 dolls" and that "maybe the two dolls will cost a couple of bucks more than they normally would.""The economy has been better than we thought," Bessent rep ...
Stock Market Live December 8: GDP Growth Forecasts Lift S&P 500 (VOO) Monday
Yahoo Finance· 2025-12-08 15:31
William_Potter / iStock via Getty Images This article will be updated throughout the day, so check back often for more daily updates. U.S. Treasury Secretary Scott Bessent made the rounds of Sunday talk shows to spread the news that is doing "better than we thought," and the Vanguard S&P 500 ETF (NYSEMKT: VOO) likes the news. The Voo opened 0.1% on Monday morning. "We've had 4% GDP growth in a couple of quarters," Bessent told CBS News' Face the Nation on Sunday, and "we're going to finish the year ... ...
美财长称美经济稳健沪银走涨
Jin Tou Wang· 2025-12-08 04:13
【最新白银期货行情解析】 今日周一(12月8日)亚盘时段,白银期货目前交投于13548一线上方,今日开盘于13666元/千克,截至发 稿,白银期货暂报13590元/千克,上涨1.20%,最高触及13918元/千克,最低下探13470元/千克,目前来 看,白银期货盘内短线偏向震荡走势。 他在接受采访时说:"经济表现比我们预期的更好。我们在几个季度实现了4%的GDP增长。尽管"民主 党导致"政府停摆,我们今年仍将以3%的实际GDP增长收官。" 根据美国经济分析局(BEA)的数据,2025年前三个月GDP同比下降0.6%。第二季度则增长了3.8%。BEA 对第三季度经济结果的初步估算计划于12月23日发布。 亚特兰大联邦储备银行在12月5日的最新估算显示,第三季度年化GDP增长率为3.5%。消费者支出占美 国GDP的近70%,但他们对经济状况仍持悲观态度。密歇根大学的消费者信心调查在12月录得53.3,较 11月上升4.5%,但比去年同期下降了28%。 【要闻速递】 美国财长贝森特周日表示,迄今为止,今年的假日购物季表现"非常强劲",预计美国经济将在年底保持 稳健。 沪银上周主要看涨,本周期一度到了13900高点, ...