当地时间5月8日，美国与英国达成一项贸易协议，这是美国总统特朗普自启动全球对等关税政策以来达 成的首份贸易协议。 根据英国政府发布的官方声明，美国将把路虎揽胜等英国制造汽车的关税削减至10%，英国出口至美国 的钢铝产品的关税将被取消。英国和美国希望在未来几个月达成一项全面的贸易协议。作为回报，英国 和美国将削减牛肉进出口关税，接近于零。不过，英国媒体分析认为，与美国的关税协议可能会大大缓 解英国汽车行业的压力，但不会显著改善英国经济增长的前景。 美国总统特朗普和英国首相斯塔默几乎在同一时间、各自在美国和英国举行记者会，公布协议的具体内 容。特朗普称其为"历史性突破"，具体细节将在未来几周内最终敲定。斯塔默称这项协议将促进两国贸 易往来、保护就业。斯塔默当天还表示，尽管协议仍有改进空间，但"达成一项不完美的协议总比没有 协议要好"。 尽管美英协议细节尚未敲定，特朗普便迫不及待地宣布这项初步协议，引发市场关注。美股三大指数在 特朗普阐述英美贸易协议的时候，表现是震荡微涨，但随后在记者问及跟中国的贸易关系的时候，特朗 普表示持乐观态度之后，三大指数直线拉升。 特朗普在白宫椭圆形办公室表示，美国将把英国纳入与美方的经 ...

金十数据5月9日讯，荷兰国际集团的经济学家在一份投资者报告中写道，与美国的贸易协议不会阻碍英 国与欧盟加强贸易关系的努力。美英两国就一项贸易协议达成了框架协议，该协议将降低美国对英国商 品的关税，以换取英国购买更多的美国商品。但荷兰国际集团表示，英国方面提供的让步并没有那么 大。最重要的是，英国在食品标准上没有改变，禁止进口许多美国产品，这意味着该协议不会危及英国 与欧盟成员国建立更紧密贸易关系的努力。在英国政府试图重建公共财政之际，确保更密切的接触是一 项关键优先事项。 美英协议无碍英国与欧盟建立更紧密贸易关系 ...

欧元兑美元涨0.1%，报1.1235。媒体报道称德国新任总理弗里德里希·默茨和美国总统唐纳德·特朗普一 致认为贸易争端应迅速解决，并讨论了两国密切合作的必要性。根据德国总理办公室周四晚间发布的声 明，自周二上任以来与特朗普首次通话时，默茨还强调了德国对乌克兰的坚定支持。他明确表示德国支 持特朗普为推动结束俄乌战争所付出的努力，特朗普则祝贺默茨当选德国总理。 ...

Market Overview - Major stock indices in the US and Europe showed positive movements, with the Dow Jones Industrial Average rising by 1.07% and the S&P 500 increasing by 0.58% [2] - The UK FTSE 100 experienced a slight decline of 0.32%, while the German DAX30 rose by 1.02% [2] - In Asia, the Indian Sensex fell by 0.51%, contrasting with the Vietnamese VNINDEX which increased by 1.55% [2] Trade Agreement - The US and UK have reached a new trade agreement that includes partial tariff reductions and expanded market access for certain products [3] - Specific details of the agreement are still pending, with a 10% additional tariff on the first 100,000 cars exported from the UK to the US, and a 25% tariff on any excess [3] - The UK is expected to reduce or eliminate non-tariff barriers for US products, including beef, ethanol, and grains [3] Financial Developments - The Bank of England has lowered its benchmark interest rate by 25 basis points to 4.25%, indicating a cautious approach to future rate changes based on inflation trends [4] - Apple is developing new specialized chips for smart glasses and AI servers, aiming for production by 2026-2027, and is also working on new M-series Mac chips [4] - The US Consumer Financial Protection Bureau has reversed its decision to regulate Google’s payment business, indicating a shift in regulatory focus [4] Cryptocurrency Market - Coinbase has announced plans to acquire Deribit, the largest cryptocurrency options trading platform, for nearly $2.9 billion, which includes $700 million in cash and 11 million shares of Coinbase Class A common stock [5] - This acquisition is aimed at enhancing Coinbase's competitive position against major players like Binance in the global market [5] Philanthropic Commitment - Bill Gates has pledged to donate nearly all of his personal wealth, amounting to approximately $200 billion, to support the world's poorest populations through his foundation by 2045 [6] - Gates aims to accelerate his philanthropic efforts, stating a commitment to distribute his wealth before his death [6]

Fundamental Analysis - The number of initial jobless claims in the U.S. for the week ending May 3 was reported at 228,000, slightly below the market expectation of 230,000 and down from the previous value of 241,000, indicating a relatively robust labor market [1] - The decline in jobless claims suggests that the employment market has not deteriorated significantly, which may strengthen market expectations for the Federal Reserve to maintain higher interest rates for a longer period, thereby supporting the U.S. dollar and putting pressure on gold priced in dollars [1] - The resilience of the labor market may reduce investor concerns about an economic recession, lowering safe-haven demand and further suppressing the upward potential of gold prices [1] Trade Agreement Insights - The trade agreement between the U.S. and the U.K. retains a 10% baseline tariff on the U.K. while expanding market access and eliminating tariffs on U.K. steel and aluminum, which may alleviate trade friction and reduce cost pressures in related industries [2] - The cancellation of steel and aluminum tariffs could boost industrial metal demand, although its direct impact on gold is limited as gold is primarily viewed as a safe-haven asset rather than an industrial commodity [2] - The zero-tariff provision on U.S. agricultural products to the U.K. may enhance U.S. agricultural exports to the U.K., potentially improving the U.S. trade balance, which could lead to a stronger dollar and short-term pressure on gold as a dollar-denominated asset [2] - The agreement's expansion of market access may further promote bilateral trade and enhance market risk appetite, diminishing gold's appeal as a safe-haven asset [2] Technical Analysis - Gold prices have shown a short-term rebound to around 3437.8 before gradually retreating, with the Federal Reserve's inaction contributing to weak bullish momentum and significant short-term price pressure [4] - The moving averages MA20 and MA60 are in a bearish arrangement, indicating a current bearish trend for prices, with a key resistance level at approximately 3323.7 [4] - The CCI indicator is near the oversold zone and is turning downward, suggesting the possibility of further price declines [4] - Trading strategy suggests attempting to short near 3323.7 with a stop loss at 3331.0 and targets at 3262.9 and 3223.4 [2][4] Silver Analysis - Silver prices have been on a downward trend after retreating from recent highs, with the moving average system indicating a strong bearish sentiment and weak bullish momentum [6] - A key resistance level is identified at approximately 32.52, which aligns with the MA20 pressure point [6] - The CCI indicator has crossed below the oversold zone, indicating a potential continuation of the downward trend [6] - Trading strategy suggests attempting to short near 32.52 with a stop loss at 32.72 and targets at 32.09 and 31.92 [5][6]

Group 1: Market Overview - The US stock market indices collectively rose, with the Nasdaq increasing by 1.07% to close at 17,928.14 points, the Dow Jones up by 0.62% at 41,368.45 points, and the S&P 500 rising by 0.58% to 5,663.94 points, driven by the positive sentiment from the US-UK trade agreement and favorable economic data [3][5]. - Bitcoin surged over 6%, surpassing the psychological threshold of $100,000 for the first time since February, following Coinbase's announcement of a nearly $2.9 billion acquisition of Deribit, a major cryptocurrency options and futures trading platform [1][3]. Group 2: Economic Policies - The Bank of England announced a 25 basis point rate cut, lowering the benchmark interest rate from 4.5% to 4.25%, marking the fourth rate cut in the current cycle, which aligns with market expectations [8]. - The Federal Reserve maintained its federal funds rate target range at 4.25% to 4.5%, marking the third consecutive pause in rate changes, amidst increasing economic uncertainty [10]. Group 3: Trade Agreement Details - The US-UK trade agreement includes the partial withdrawal of specific tariffs, with details still pending. The agreement allows for a 10% additional tariff on the first 100,000 cars exported from the UK to the US, while the UK will reduce or eliminate non-tariff barriers for US products like beef, ethanol, and grains [5][8].

美国总统特朗普称，与英国达成的协议是"具有突破性的"。 然而，白宫发布的文件只包含"一般条款"，并未能达到特朗普此前承诺的"全面且详尽"的协议。根据协议内容，美国并未取消4月2日宣布的10%的基准关 税，但降低了汽车关税，并表示愿意在钢铝关税上做替代性谈判。作为交换，英国将为美国提供约50亿美元的市场准入，主要涉及农业商品、化学品和机 械设备。 此外，协议中的条款大多比较宽泛。牛津经济研究院美国副首席经济学家皮尔斯（Michael Pearce）称，这项协议是"唾手可得的成果"，因为英国占美国 贸易的比例仅为3%，美国对英国存在贸易顺差，两国在其他领域有着长期的合作历史。"协议的细节显示出这只是一份相对保守的协议。"他说。 美国总统特朗普8日在白宫宣布，美国与英国达成一项新的贸易协议。然而，协议的诸多细节尚待敲定，美方此前加征的10%所谓"对等关税"也未取消。 当地时间5月8日，美国与英国达成一份"经济繁荣协议（EPD）"。 据新华社报道，美国总统特朗普8日在白宫宣布，美国与英国达成一项新的贸易协议，部分撤回特定领域的关税，进一步扩大双方产品的市场准入。然 而，协议的诸多细节尚待敲定。 美英协议的具体内容 根 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The US and UK reached a limited trade agreement, boosting market risk appetite. Attention should be paid to the progress of Sino-US trade negotiations and various economic data [2]. - The prices of most commodities showed different trends of fluctuations. Precious metals prices continued to adjust, copper prices were strongly volatile, aluminum prices were weakly volatile, and the prices of other commodities also changed according to their respective fundamentals [3][6][8]. Summary by Related Catalogs Macro - Overseas: The US and UK reached a limited trade agreement, with the US retaining a 10% benchmark tariff on the UK, expanding market access, canceling steel - aluminum tariffs, implementing a 0% tariff on US agricultural products, and a stepped tariff on UK car imports. Trump encouraged stock - buying, leading to a rebound in US stocks and cryptocurrencies, the US dollar index stabilizing above 100, the US bond yield rising to 4.37%, and the gold price falling by over 1%. Oil and copper prices closed higher [2]. - Domestic: A - shares rose with reduced trading volume, with the turnover of the two markets dropping to 1.32 trillion. The ChiNext and small - cap stocks performed well, and sectors such as military and optical modules led the gains. The Shanghai Composite Index recovered the decline since the announcement of reciprocal tariffs in April. In the bond market, after the reserve requirement ratio and interest rate cuts, the money market became looser, and the yield curve continued to steepen. Attention should be paid to April's foreign trade, financial, and price data [2]. Precious Metals - On Thursday, international precious metal futures closed down. COMEX gold futures tumbled 2.40% to $3310 per ounce, and COMEX silver futures edged down 0.57% to $32.6 per ounce. The trade agreement between the US and the UK reduced the appeal of gold as a safe - haven asset. If the Sino - US trade talks reach an agreement, the gold price may face further downward pressure [3]. Copper - On Thursday, SHFE copper was weakly volatile, and LME copper soared overnight. The spot market trading was light, and the LME inventory decreased to 194,000 tons. The first - quarter copper production of First Quantum decreased by 10.7% quarter - on - quarter. In the short term, copper prices are expected to remain volatile, and attention should be paid to Sino - US trade negotiations [6][7]. Aluminum - On Thursday, SHFE aluminum closed at 19,510 yuan per ton, down 0.69%. LME aluminum rose 0.17%. The electrolytic aluminum ingot inventory decreased by 16,000 tons, and the aluminum rod inventory decreased by 9,000 tons. The market sentiment was relieved by the US - UK trade agreement. The aluminum price is expected to remain weakly volatile due to consumption concerns [8]. Alumina - On Thursday, the alumina futures main contract rose 3.25% to 2794 yuan per ton. Negative news about new capacity led to a small rebound in alumina prices, but the sustainability and height of the rebound are expected to be limited [9]. Zinc - On Thursday, SHFE zinc first rose and then declined, and LME zinc closed up. Recently, imported zinc ingots have flowed in, and with the approaching end of the consumption peak season, the zinc price is under pressure, and short positions can be held against the 10 - day moving average [10][11]. Lead - On Thursday, SHFE lead fluctuated narrowly, and LME lead also had a narrow - range fluctuation. The social inventory increased. Some lead smelters plan to conduct maintenance, and the supply reduction provides support. The lead price is expected to move sideways in the short term [12][14]. Tin - On Thursday, SHFE tin first rose and then declined, and LME tin had a narrow - range fluctuation. The supply of tin ore is expected to improve slightly, and the consumption is stable. The tin price is expected to fluctuate [15]. Industrial Silicon - On Thursday, the industrial silicon main contract trended downwards. The supply side has limited expansion power, and the demand side is weak. The social inventory remains at 600,000 tons, and the industrial silicon price is expected to continue to decline in the short term [16][17]. Lithium Carbonate - On Thursday, the lithium carbonate price fluctuated widely, and the spot price fell. The short - selling sentiment subsided after the price failed to break through. The downstream purchasing is weak, and the basis correction risk has materialized. Attention should be paid to inventory changes [18][19]. Nickel - On Thursday, the nickel price fluctuated widely. The macro - level still has tariff risks, and the downstream replenishment willingness is weak after the holiday. The nickel price is expected to fluctuate [20]. Crude Oil - On Thursday, crude oil trended strongly. The false news of Kazakhstan's production cut and geopolitical conflicts co - existed. The long - term downward pressure on oil prices comes from OPEC +'s continuous large - scale production increase. The short - term price is expected to fluctuate [21]. Steel (Screw and Coil) - On Thursday, steel futures declined. The supply of the five major steel products decreased, the inventory increased, and the apparent consumption decreased. The steel price is expected to weaken due to weak supply and demand [22][23]. Iron Ore - On Thursday, iron ore futures fluctuated. Downstream steel mills cut production, and the supply is relatively loose. The iron ore price is expected to trend weakly [24]. Bean and Rapeseed Meal - On Thursday, the bean meal 09 contract and the rapeseed meal 09 contract declined. The Buenos Aires Grain Exchange in Argentina raised the soybean harvest forecast. The double - meal prices are expected to weakly fluctuate in the short term [25]. Palm Oil - On Thursday, the palm oil 09 contract declined. The BIMP - EAGA Commercial Committee plans to strengthen the quality monitoring of crude palm oil. The palm oil price is expected to weakly fluctuate in the short term [26][27].

5月9日，隔夜美国三大股指集体收涨，截至收盘，道指涨0.62%报41368.45点，标普500指数涨0.58%报 5663.94点，纳指涨1.07%报17928.14点。 具体到公司来看，波音、迪士尼均涨超3%，领涨道指。美国科技七巨头中，特斯拉涨超3%，谷歌涨近 2%。中概股多数收涨，纳斯达克中国金龙指数涨近1%。 本次美股上涨，可能是受到美国与英国达成的一项新的贸易协议影响，该协议使得两国之间部分撤回了 特定领域的关税。 美国总统特朗普还公开表示，如果贸易协议与减税措施得以实现，"你最好现在就去买股票"。 英国和美国就关税贸易协议条款达成一致 当地时间5月8日，美国总统特朗普在白宫宣布，美国与英国达成一项新的贸易协议，部分撤回特定领域 的关税，进一步扩大双方产品的市场准入。特朗普表示，协议最终细节将在接下来几周内敲定。 相关资料显示，目前拟议的反制措施将按行业和大类产品分类，而非品牌名称。包括美国飞机(价值105 亿欧元)、鱼类、汽车和汽车零部件，以及美国化学品、塑料、电气设备、保健产品和机械。此外，还 可能包括对价值44亿欧元欧盟废钢和化工产品实施出口限制。 废钢是钢铁行业的原料，不包括在美国金属关税范 ...

美国商务部长警告日韩贸易谈判将比英国更棘手。 据新华社消息，美国总统特朗普8日在白宫宣布，美国与英国达成一项新的贸易协议，部分撤回特定领 域的关税，进一步扩大双方产品的市场准入，协议最终细节将在接下来几周内敲定。 "你谈论印度时，可能涉及7000条关税线的变更或修改。这需要时间，需要工作——所以给 我们一个机会，不要操之过急。" 10%的关税仍是底线 卢特尼克表示，特朗普10%的基础关税仍然是"底线"，但许多国家将面临更高的税率，除非他们积极开 放经济。 他还指出，美国与英国的协议展示了各国如何使特朗普撤销他所施加的部门性关税，例如针对汽车和金 属等被总统视为国家安全优先事项的产品。 卢特尼克表示，他希望初步协议可以作为各自区域的模板，帮助说明特朗普寻求什么样的让步来换取关 税减免。 在特朗普宣布与英国达成框架协议数小时后，美国商务部长霍华德·卢特尼克（Howard Lutnick）在接受 媒体采访时表示，与日本和韩国的贸易协议谈判将比刚刚宣布的美英框架协议需要更长时间完成。 "你必须花费大量时间与日本、韩国谈判。这些不会是快速达成的协议。" 印度可能成为下个达成协议的国家 卢特尼克补充道，印度一直"非常积极 ...