【美国PPI数据速评】美国11月生产者价格指数（PPI）环比小幅走高，主要受能源成本上涨推动，尽管 服务类价格基本持平。与去年同期相比，整体生产者价格指数走高3%。剔除食品和能源后，PPI较上月 持平，较2024年11月上涨3%。预计美联储在连续三次降息后将暂时维持利率不变，等待通胀进一步降 温并评估就业市场动态。 ...

特朗普的一举一动，又开始影响全球市场表现 中国基金报记者 泰勒 大家好，今晚继续关注海外市场的表现，本来美股盘前有通胀数据降温的利好，但是正式开盘之后，三大指数跳水，紧接着石油价格跳涨。泰勒 找了一圈原因，结果发现，根源就在，特朗普身上！ | 最高：326.86 | 今开:324.30 | 成交量: 652.26万股 | 换手:0.24% | | --- | --- | --- | --- | | 最低: 313.85 | 昨收:324.49 | 成交额:20.82亿 | 振幅: 4.01% | | 52周最高: 337.25 | 量比: 3.42 | 市盈率(TTM): 14.84 | 市净率: 2.39 | | 52周最低: 202.16 | 委比: -50.00% | 市盈率(静): 14.73 | 市销率: 3.18 | | 每股收益:21.32 | 股息(TTM): 5.84 | 每手股数：1 | 总市值: 8612.71亿 | | 每股净资产:124.96 | 股息率(TTM): 1.80% | 最小价差:0.01 | 总股本：27.22亿 | | 机构持股：▪ | Beta: -- | 空头回补 ...

最新的美国通胀数据显示价格压力正逐步缓和，这在数据公布后的第一时间给投资者带来了一定安慰；但随 着交易时段推进，三大指数纷纷跳水。 摩根大通股价近下跌3%，原因是投行业务手续费收入不及其自身指引，其中承销与并购顾问两块业务的收入 均出现下滑。另外，摩根大通警告，特朗普提出将信用卡利率设定10%上限的主张，对其业务带来"重大调 整"的风险，并将对这家美国最大银行及其客户带来伤害。 有分析师表示："今天核心CPI低于预期，但不太可能改变美联储对1月会议的判断。在失业率仍处低位、经济 增速高于趋势水平、财政刺激形成对冲，且通胀仍高于目标的情况下，美联储可以很从容地在本月维持利率 不变，并且很可能在接下来几次会议上继续按兵不动。" 分析师Bret Kenwell认为，12月CPI数据与预期一致，或不足以推动美联储转向更激进的降息立场。但随着就 业环境持续降温，通胀在利率政策上的约束可能没有那么强。 【导读】特朗普的一举一动，又开始影响全球市场表现 大家好，今晚继续关注海外市场的表现，本来美股盘前有通胀数据降温的利好，但是正式开盘之后，三大指 数跳水，紧接着石油价格跳涨。泰勒找了一圈原因，结果发现，根源就在，特朗普身上 ...

| 纳斯达克综合指数(NASDAQ:.IXIC) | | | | 加目选 | | --- | --- | --- | --- | --- | | 23681.71 -52.19 -0.22% | | | 交易中 01-13 10:57:51 美东时间 | 35.10 万球友关注 | | 最高: 23813.30 | 今开: 23735.12 | 52周最高: 24019.99 | 量比: 1.80 | | | 最低:23607.59 | 昨收:23733.90 | 52周最低: 14784.03 | 振幅:0.87% | | | 成交量: 34.50亿股 | | | | | | 分时 五日 日K 周K 月K 季K 年K 120分 60分 30分 15分 5分 1分 | | | 区间统计 全屏显示 | | | 最新:23681.85 -52.05 -0.22% | | | | | | 23860.22 | | | | 0.53% | | 23828.64 | | | | 0.40% | | 23797.06 | | | | 0.27% | | | | | | 0.13% | | | | | | 0.00% | ...

Group 1 - The latest inflation report indicates that the core CPI in the U.S. rose by 2.6% year-on-year, which is lower than expected, failing to change market expectations regarding the Federal Reserve's pause on interest rate cuts [1][2][3] - The three major U.S. stock indices remained flat, with the S&P 500 hovering around 6,980 points, reflecting a temporary easing of price pressures that calmed investor sentiment [1][2] - The Federal Reserve has cut rates three times since September of the previous year, and the market predicts the next rate cut will not occur until mid-2026, with no cuts expected at the end of this month [1][2] Group 2 - Analysts from Principal Asset Management and eToro suggest that the lower-than-expected core CPI data is unlikely to alter the decision-making logic for the Federal Reserve's January meeting, given the low unemployment rate and higher-than-trend economic growth [3] - The inflation report, released after the government shutdown, provided much-needed macroeconomic information to the market, although its impact on stock investors is expected to be limited as attention shifts to the upcoming earnings season [3] - The earnings season for the banking sector has commenced, with major banks such as Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley set to report their earnings on Wednesday and Thursday [2][3]

Group 1 - The core point of the article highlights that December's inflation data was slightly below expectations, leading investors to buy U.S. Treasury bonds, which significantly lowered bond yields and resulted in a sell-off of the dollar [1] - The year-on-year overall CPI increase was 2.7%, aligning with the average expectations of The Wall Street Journal, while the year-on-year core inflation rate was 2.6%, not accelerating to the anticipated 2.8% [1] - These inflation indicators are unlikely to alter market expectations that the Federal Reserve will maintain interest rates later this month, but they may alleviate concerns about accelerating inflation delaying a new round of rate cuts [1] Group 2 - The 10-year Treasury yield was reported at 4.171%, while the 2-year Treasury yield stood at 3.516% [1] - The Wall Street Journal Dollar Index retraced its earlier gains and is currently flat [1]

Core Insights - The December core Consumer Price Index (CPI) in the U.S. increased by 2.6% year-on-year, which is below market expectations, reinforcing the outlook for continued cooling of inflation [1][3] - The core CPI rose by 0.2% month-on-month, while the overall CPI increased by 0.3% month-on-month and 2.7% year-on-year, aligning with market expectations [1][3] Inflation Data - The U.S. Labor Department reported that housing costs were the largest contributor to the monthly inflation increase, rising by 0.4% month-on-month, with a year-on-year increase of 3.2% [4] - Food prices rose by 0.7% month-on-month in December, while entertainment, airfare, and healthcare prices also saw increases [5] - Entertainment prices surged by 1.2% month-on-month, marking the largest single-month increase since records began in 1993 [5]

Core Insights - The core CPI in the U.S. for December showed a lower-than-expected increase, reaching a four-year low, indicating a further cooling of inflation [1] - The Federal Reserve is expected to maintain interest rates this month, following three consecutive rate cuts at the end of 2025 [1] - There is a divergence among officials regarding the number of rate cuts to be implemented this year, with concerns about tariffs potentially increasing price pressures and attention on the weakness in the labor market [1]

美东时间周二上午8:30（北京时间今晚21:30），美国劳工统计局将发布2025年12月消费者价格指数（CPI）。 此前美国政府停摆对数据采集的扭曲效应逐渐消退，市场普遍预期此次数据将显现通胀韧性，或标志此前物价增速放缓趋 势暂时终结，核心CPI回升预期凸显潜在价格压力仍存。 市场预期层面，彭博调查经济学家共识显示，12月整体CPI与核心CPI（剔除食品和能源成本）同比涨幅均预计达2.7%。若 预测兑现，整体CPI将与11月持平，核心CPI较前值2.6%小幅加速。 11月通胀数据意外走低主要受技术性因素干扰，12月数据将更真实反映干扰消除后的物价水平——此前政府停摆导致的数 据收集延迟和统计窗口偏移，可能掩盖部分真实通胀压力。 此次数据关键看点集中在月度环比增速修复。彭博和FactSet调查显示，整体和核心通胀指数环比涨幅预计均为0.3%，高于 11月的0.2%。高盛、美银等机构对核心通胀月度表现预判更激进，认为涨幅可能达0.4%；摩根士丹利预计核心CPI环比增 长0.36%，远高于10-11月平均的0.08%。 二是假日折扣偏差，11月价格采集延迟至月末，隐性过度加权假日促销折扣，人为压低核心商品（除汽车外 ...

AI播客：换个方式听新闻 下载mp3 音频由扣子空间生成 因此前政府停摆导致的人为低通胀数据得到修正，美国2025年年末的消费者价格指数（CPI）可能会加 速上升，这将进一步巩固美联储本月维持利率不变的预期。 长达43天的政府停摆阻碍了去年10月份的价格采集工作，导致美国劳工统计局（BLS）不得不采用"结 转法"（carry-forward method）来估算数据（尤其是租金）以编制去年11月的CPI报告。虽然该月的价格 数据最终得以采集，但这主要发生在下半月，当时零售商正在提供假日季折扣。 这种数据扭曲主要体现在租金指标和商品价格上。在预期消费者通胀回升之前，上周发布的非农数据显 示，尽管就业增长温和，但12月失业率有所下降。 道明证券美国首席宏观策略师Oscar Munoz表示："受数据采集问题影响，我们预计CPI报告将显示出显 著的回补效应，这归因于政府停摆。不过，我们不会看到消费者价格的完全逆转，因为租金方面的回补 要等到2026年4月的报告才会体现。" 经济学家预计价格将加速上涨，尤其是新车、家具和服装等商品，尽管租金方面的疲软倾向可能会持 续。美国劳工统计局使用6个月的面板数据来计算租金和业主等 ...