国际黄金、白银突然拉升。 同一天，伊朗外长阿拉格齐与国际原子能机构总干事格罗西通话时表示，伊朗正在制定谈判框架，以推 进伊朗与美国后续的对话。 18日，俄罗斯外长拉夫罗夫表示，美国对伊朗的任何新打击都将产生严重后果。 拉夫罗夫呼吁各方保持克制，寻求解决方案以使伊朗能够推进和平核计划。 部分内容综合自央视新闻 责编：梁秋燕 截至发稿，现货黄金站上5010美元/盎司，涨超0.8%；现货白银大涨超2.7%。 国际油价再度拉升，WTI原油期货、布伦特原油期货涨幅均一度扩大至1%。 消息面上，据央视新闻报道，伊朗政府发言人法蒂玛·穆哈杰拉尼18日表示，谈判与备战是保护伊朗利益 的两项互补战略，并称伊朗国防部队已进入全面战备状态。 ...

Report Summary 1. Industry Investment Rating - No information provided in the report. 2. Core View - The report focuses on key events and data releases in the coming week and their potential impact on the futures market, including domestic and international economic data, policy announcements, and speeches by important figures [2]. 3. Summary by Relevant Catalog This week's key concerns - On January 19th at 10:00, the State Council Information Office will hold a press conference to introduce the 2025 national economic operation [2][4]. - On January 20th at 09:00, the loan market quotation rate (LPR) for January 20th will be announced, expected to remain unchanged [2][8]. - On January 22nd at 21:30, the US Department of Commerce will announce the final value of the US GDP in Q3 2025 [2][12]. - On January 22nd at 23:00, the US Department of Commerce will announce the PCE price index for November 2025 [2][14]. This week's hot - spot preview - **January 19th** - The monthly report on housing sales prices in 70 large and medium - sized cities will be released at 09:30, and its impact on related futures prices should be noted [3]. - The press conference on the 2025 national economic operation will be held at 10:00. Expected Q4 GDP growth in 2025 is 4.5% year - on - year, and the full - year GDP growth is expected to be 5.1% [4]. - The World Economic Forum's 2026 annual meeting will be held from January 19th to 23rd, with leaders from over 130 countries participating. Vice - Premier He Lifeng and President Trump will attend [5]. - **January 20th** - The 1 - year LPR is expected to be 3.00% and the 5 - year or more LPR is expected to be 3.50%, remaining unchanged from the previous value. If so, it will have a neutral impact on commodity, stock index, and treasury bond futures [8]. - **January 21st** - The Taiwan Affairs Office of the State Council will hold a press conference at 10:00, and its impact on related futures prices should be noted [9]. - The IEA will release the monthly crude oil market report at 17:00, and its impact on crude oil and related commodity futures prices should be noted [10]. - President Trump will give a speech at the World Economic Forum annual meeting at 21:00, and its impact on related futures prices should be noted [11]. - **January 22nd** - The final value of the US Q3 2025 real GDP annualized quarterly rate is expected to be 4.3% [12]. - The number of initial jobless claims in the week ending January 12th is expected to be 200,000. A slight increase may mildly suppress the price increase of industrial product futures (except gold, silver, platinum, and palladium) but help the price increase of precious metal futures [13]. - The annual rate of the US PCE price index in November 2025 is expected to be 2.8%, and the core PCE price index annual rate is also expected to be 2.8% [14]. - The monthly rate of US personal income in November 2025 is expected to be 0.2% [15]. - **January 23rd** - If the EIA crude oil inventory continues to increase in the week ending January 16th, it will suppress the price increase of crude oil and related closing futures [16]. - The Bank of Japan is expected to keep the policy benchmark interest rate at 0.75% [17]. - The preliminary value of the euro - area SPGI manufacturing PMI in January is expected to be 49 [18]. - The preliminary value of the euro - area consumer confidence index in January is expected to be - 12.5 [19]. - If the preliminary value of the US SPGI manufacturing PMI in January is slightly higher than the previous value, it will mildly help the price increase of industrial product futures (except gold, silver, platinum, and palladium) but suppress the price of precious metal futures [20]. - **January 24th** - The market prices of important means of production in the circulation field in mid - January will be announced, covering 9 categories and 50 kinds of products [21].

Group 1: Report General Information - The report is a weekly hot - spot preview for the week of December 29, 2025 [1] Group 2: Weekly Key Focus - On December 31 at 03:00, the Fed will release the minutes of the December monetary policy meeting [2][10] - On December 31 at 09:30, China's official December manufacturing PMI, non - manufacturing PMI and composite PMI will be announced [2][11] - On December 31 at 09:45, Markit will release China's December SPGI manufacturing PMI [2][12] - On December 31 at 21:30, the US Department of Labor will announce the initial jobless claims for the week ending December 22 [2][13] - US President Trump may appoint a new Fed Chairman in the first week of January 2026 [2][15] Group 3: Daily Hot - spot Details December 29 - The National Association of Realtors (NAR) will announce the US seasonally - adjusted pending home sales index for November at 23:00, with an expected monthly rate of 1% (previous 1.9%) [3] - The US Energy Information Administration (EIA) will announce the change in EIA crude oil inventories for the week ending December 19 at 00:00, expecting a decline of 2.432 million barrels (previous decline of 1.274 million barrels). A larger decline will help crude oil and related commodity futures rise [4] December 30 - The US Federal Housing Finance Agency (FHFA) will announce the US FHFA house price index for October at 22:00, with an expected monthly rate of 0.1% (previous 0) [5] - Standard & Poor's will announce the US S&P/CS20 - city house price index for October at 22:00. The expected unadjusted annual rate is 1.1% (previous 1.4%), and the expected seasonally - adjusted monthly rate is 0.1% (previous 0.1%) [8] - The Chicago branch of the Institute for Supply Management will announce the US December Chicago PMI at 22:45, with an expected value of 39.5 (previous 36.3). A rise will help non - ferrous metals, crude oil and related futures prices rise but suppress gold and silver futures prices [9] December 31 - The Fed will release the minutes of the December monetary policy meeting at 03:00, and its impact on relevant futures prices should be noted [10] - China's official December manufacturing PMI is expected to be 49.2 (previous 49.2), and non - manufacturing PMI is expected to be 49.7 (previous 49.5) [11] - Markit will release China's December SPGI manufacturing PMI at 09:45, with an expected value of 49.8 (previous 49.9). A slight decrease will slightly suppress industrial product futures and stock index futures but slightly help treasury bond futures [12] - The US Department of Labor will announce the initial jobless claims for the week ending December 22 at 21:30, with an expected value of 220,000 (previous 214,000). A slight increase will slightly help non - precious industrial product futures prices rise but help gold, silver, platinum and palladium futures prices rise [13] - The US Energy Information Administration (EIA) will announce the change in EIA crude oil inventories for the week ending December 26 at 23:30. A decline will help crude oil and related commodity futures rise [14] January 1 - Trump may appoint a new Fed Chairman. If the appointee is "obedient" like Hassett, it will increase concerns about the Fed's monetary policy independence, with an expected 2 - time rate cut in 2026, helping precious metals and non - ferrous metals futures rise [15][16] January 2 - S&P Global will announce the final value of the US December SPGI manufacturing PMI at 22:45, with an expected value of 51.8 (same as the initial value in December and 52.2 in November's final value) [17] January 4 - The National Bureau of Statistics will announce the market prices of important production materials in the circulation field in late December 2025, covering 9 categories and 50 products [18]

Report Industry Investment Rating - Not provided in the content Core View - The report provides a weekly hot - spot preview and key events to watch from November 17 - 21, 2025, including economic data releases from multiple countries and regions and their potential impacts on the futures market [2][3] Summary by Related Catalogs This Week's Key Focus - On November 19 at 18:00, the EU Statistics Bureau will announce the final value of the Eurozone's October CPI - On November 20 at 03:00, the Federal Reserve will release the minutes of the October monetary policy meeting - On November 20 at 09:00, the People's Bank of China will announce the November 20, 2025 loan prime rate (LPR), expected to be the same as the previous value - On November 20 at 20:30, the US Bureau of Labor Statistics will release the September non - farm payroll report - Attention should be paid to factors such as domestic macro - policy changes, international trade and tariff wars, international geopolitical situations, and speeches by US President Trump and Federal Reserve officials for their impacts on the futures market [2] This Week's Hot - Spot Preview November 17 - Japan's Cabinet Office will announce the preliminary value of Japan's Q3 GDP. The expected seasonally - adjusted real GDP quarterly rate is - 0.6% (previous value 0.5%), and the expected seasonally - adjusted annualized GDP quarterly rate is - 2.5% (previous value 2.2%) [3] - The central bank carried out an 800 - billion - yuan outright reverse - repurchase operation. With 300 billion yuan of 6 - month outright reverse - repurchase maturing in November, this means an additional 500 billion yuan of 6 - month outright reverse - repurchase was continued. It is bullish for stock index futures and commodity futures and relatively bullish for Treasury bond futures [4] - The National Energy Administration will announce China's total electricity consumption in October. The previous value was 888.6 billion kilowatt - hours, with a year - on - year increase of 4.5% [5] November 19 - The EU Statistics Bureau will announce the final value of the Eurozone's October CPI. The expected un - seasonally - adjusted annual rate of the harmonized CPI is 2.1% (same as the preliminary value in October, 2.2% in September's final value), and the expected un - seasonally - adjusted annual rate of the core harmonized CPI is 2.4% (same as the preliminary value in October and September's final value) [8] - The US Energy Information Administration will announce the change in EIA crude oil inventories for the week ending November 14. The previous value was an increase of 6.413 million barrels. A continued increase may suppress the prices of crude oil and related commodity futures [9] November 20 - The People's Bank of China will announce the November 20, 2025 LPR. The expected 1 - year LPR is 3.00% and the 5 - year - plus LPR is 3.50%, both the same as the previous values [10] - The Federal Reserve will release the minutes of the October monetary policy meeting, which will provide details of discussions on interest rates, inflation, and economic prospects and clues for future policy paths [11] - The US Bureau of Labor Statistics will release the September non - farm payroll report. The expected seasonally - adjusted new non - farm employment is 50,000 (previous value 22,000), and the expected unemployment rate is 4.3% (same as the previous value). Higher new non - farm employment and a stable unemployment rate may reduce the probability of a 25 - basis - point interest - rate cut at the December FOMC meeting and suppress the rise of commodity futures and stock index futures [12] - The US Department of Commerce will announce the October existing home sales. The expected seasonally - adjusted annualized total of existing home sales is 4.06 million households, the same as the previous value [13] - The EU Statistics Bureau will announce the preliminary value of the Eurozone's November consumer confidence index. The expected value is - 14.5 (previous value - 14.2) [14] November 21 - S&P Global will announce the preliminary value of Germany's November SPGI manufacturing PMI. The expected value is 49.8 (previous value 49.6) [15] - S&P Global will announce the preliminary value of the Eurozone's November SPGI manufacturing PMI. The expected value is 50.2 (previous value 50) [16]

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Core View of the Report - The report focuses on the important events and data releases in the coming week that may impact the futures market, including domestic and international economic data, policy changes, and industry reports [2][3]. 3. Summary by Relevant Catalog This Week's Key Focus - On November 10th at 16:00, the People's Bank of China will release October financial statistics and social financing scale data [2][3]. - On November 13th at 21:30, the US Department of Labor will announce October CPI, with a possible delay if the US government remains shut down [2][9]. - On November 14th at 10:00, the State Council Information Office will hold a press conference on the October national economic operation [2][13]. This Week's Hotspot Preview - **November 10th**: Anticipated October social financing scale increment is 1.65 trillion yuan, new RMB loans are 470 billion yuan, and M2 balance is expected to grow 8.0% year - on - year. Lower - than - previous values may suppress commodity and stock index futures but benefit treasury bond futures. The agricultural department will release the October agricultural products supply - demand report [3][4]. - **November 12th**: OPEC will release its monthly crude oil market report between 18:00 - 21:00 [5]. - **November 13th**: EIA will release its monthly short - term energy outlook report at 01:00, IEA will release its monthly crude oil market report at 17:00, and the US will announce October CPI at 21:30 [7][8][9]. - **November 14th**: EIA will announce the US EIA crude oil inventory change for the week ending November 7th at 01:00. The National Bureau of Statistics will release November's first - ten - day important production materials prices and the October 70 - city residential sales price report at 9:30, and the October national economic operation press conference will be held at 10:00, along with the release of October major industrial product output. Lower - than - previous values in consumption, industrial added value, and investment may suppress stock index and commodity futures but benefit treasury bond futures [10][11][13]. - **November 15th**: USDA will release its monthly supply - demand report at 01:00, and the National Energy Administration will release the October energy production report at 10:00 [15][16].

Report Core View - The report provides a forward - looking analysis of this week's hot events and their potential impacts on the futures market, including key economic data releases and policy decisions from different countries [2][3] Weekly Key Focus - On November 3rd at 09:45, Markit will release China's October SPGI Manufacturing PMI; on November 7th at 11:00, the General Administration of Customs will announce October import and export data; at 16:00, the People's Bank of China will release October foreign exchange and gold reserves; on November 9th at 09:30, the National Bureau of Statistics will announce October CPI and PPI [2] - Attention should be paid to factors such as domestic macro - policy changes, international trade and tariff wars, international geopolitical situations, speeches by US President Trump and Fed officials, and negotiations on ending the US government shutdown for their impacts on the futures market [2] Weekly Hot Event Preview November 3rd - Markit will release China's October SPGI Manufacturing PMI at 09:45, with an expected value of 50.9 and a previous value of 51.2. A slight drop may mildly suppress the rise of industrial and stock index futures but help the rise of treasury bond futures [3] - The US ISM will announce the US October ISM Manufacturing PMI at 22:00, with an expected and previous value of 49.1 [4] November 4th - The National Bureau of Statistics will release the prices of important production materials in the circulation field in late October at 09:30, covering 9 categories and 50 products [5] - The Reserve Bank of Australia will announce the interest rate decision and monetary policy statement at 11:30, and its governor will hold a press conference at 12:30. It is expected to keep the cash rate at 3.60% [8] November 5th - Markit will release China's October SPGI Services PMI at 09:45, with a previous value of 52.9 [9] - The US ADP will announce the change in October ADP employment at 21:15, with an expected value of - 20,000 and a previous value of - 32,000. A higher value may help the rise of non - ferrous metals, crude oil and related commodity futures but suppress the rise of gold and silver futures [10] - The US ISM will announce the US October ISM Non - Manufacturing PMI at 23:00, with an expected value of 50.9 and a previous value of 50. A slight increase may suppress the rise of gold and silver futures [11] - The US EIA will announce the EIA crude oil inventory change for the week ending October 31st at 23:30, with a previous decrease of 6.858 million barrels. A continued decline may help the rise of crude oil and related commodity futures [12] November 6th - The Bank of England will announce the interest rate decision and meeting minutes at 20:00, and its governor will hold a press conference at 20:30. It is expected to keep the benchmark interest rate at 4.00% [13] November 7th - The General Administration of Customs will announce October import and export data at 11:00. It is expected that exports will grow 7.1% year - on - year and imports 1.5% year - on - year, both lower than the previous values. This may suppress the rise of stock index and related commodity futures [14] - The People's Bank of China will release October foreign exchange and gold reserves at 16:00, with September foreign exchange reserves at $3,338.658 billion and gold reserves at 74.06 million ounces [16] - The University of Michigan will announce the preliminary value of the November Consumer Confidence Index at 23:00, with an expected value of 53 and a previous value of 53.6. A slight drop may suppress the rise of non - ferrous metals, crude oil and related commodity futures but help the rise of gold and silver futures [17] November 9th - The National Bureau of Statistics will announce October CPI and PPI at 09:30. It is expected that CPI will decline 0.0% year - on - year and PPI will decline 2.2% year - on - year, both better than the previous values. This may mildly help the rise of commodity and stock index futures but suppress the rise of treasury bond futures [18]

Market Overview - The A-share market experienced a collective decline on October 14, with the ChiNext index dropping nearly 4% and the Sci-Tech 50 index falling over 4% [3] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index fell by 2.54% to 12895.11 [4] Reasons for Market Adjustment - The market adjustment is attributed to multiple factors, including escalating Sino-U.S. trade tensions, technical adjustment pressures, and complex international geopolitical situations [7][8] - Investors are showing caution due to profit-taking from previously high-performing sectors, particularly in the technology space, which has seen significant gains recently [7][8] Market Outlook - Despite the recent downturn, the market's downward space is considered limited, with a favorable policy window expected in late October [9][10] - The upcoming 20th National Congress is anticipated to provide clarity on economic development strategies, which could boost market sentiment [11] Long-term Market Sentiment - Fund companies maintain a positive long-term outlook for the A-share market, emphasizing that the foundation for a bull market remains solid [12][13] - The focus is expected to shift towards internal drivers, with an emphasis on policy benefits from the 14th Five-Year Plan and the certainty of third-quarter earnings [13]

报告核心观点 - The report provides a weekly preview of key economic events and their potential impact on the futures market [2][3] - It emphasizes the importance of factors such as macro - policies, trade wars, geopolitical situations, and official speeches on the futures market [2] 本周重点关注 - On September 1st at 9:45, Markit will release China's August SPGI Manufacturing PMI, expected to be 49.5, same as the previous value [2][3] - On September 3rd, a grand military parade will be held in Beijing to commemorate the 80th anniversary of the victory of the Chinese People's War of Resistance against Japanese Aggression and the World Anti - Fascist War [2][9] - On September 4th at 02:00, the Federal Reserve will release the Beige Book of Economic Conditions [2][12] - On September 5th at 20:30, the US Bureau of Labor Statistics will release the August non - farm payroll report [2][20] 本周热点前瞻 September 1st - China's August SPGI Manufacturing PMI: If slightly higher than the previous value, it will slightly boost commodity and stock index futures prices but slightly suppress treasury bond futures prices [3] - Eurozone's July unemployment rate: Expected to be 6.2%, same as the previous value [4] September 2nd - Eurozone's August CPI preliminary value: Expected eurozone August harmonized CPI annual rate - unadjusted preliminary value is 2.0%, same as the previous value [5] - US August ISM Manufacturing PMI: If slightly higher than the previous value, it will slightly boost non - ferrous metals, crude oil and related futures prices but slightly suppress gold and silver futures prices [6] September 3rd - Military parade in Beijing to commemorate the 80th anniversary of the victory of the Chinese People's War of Resistance against Japanese Aggression and the World Anti - Fascist War, lasting about 70 minutes [9] - US July factory orders: If the monthly rate is higher than the previous value, it will boost non - ferrous metals, crude oil and related commodity futures prices but suppress gold and silver futures prices [11] September 4th - China's August SPGI Services PMI and Composite PMI: Expected services PMI is 52.5, previous value was 52.6 [10] - Federal Reserve Beige Book of Economic Conditions: Attention should be paid to its content and impact on related futures prices [12] - August下旬 circulation area important production material market prices: Include 9 categories and 50 products [13] - Eurozone's July retail sales: Expected monthly rate is 0.2%, previous value was 0.3% [14] - US August ADP employment change: If lower than the previous value, it will suppress non - ferrous metals, crude oil and related commodity futures prices but boost gold and silver futures prices [15] - US initial jobless claims for the week ending August 30th: If slightly lower than the previous value, it will slightly suppress gold and silver futures prices and slightly boost other industrial product futures prices [16] - US August ISM Non - Manufacturing PMI: If slightly higher than the previous value, it will slightly suppress gold and silver futures prices [17] September 5th - US EIA crude oil inventory change for the week ending August 29th: If the inventory continues to decline, it will boost crude oil and related commodity futures prices [18] - US August non - farm payroll report: If the seasonally adjusted new non - farm employment is slightly higher than the previous value but the unemployment rate is slightly higher, it will strengthen the market's expectation of a 25 - basis - point interest rate cut by the Fed in September, slightly boost non - gold and non - silver commodity futures prices but suppress gold and silver futures prices [20] September 7th - China's August foreign exchange reserves and gold reserves: July foreign exchange reserves were $3292.235 billion, and gold reserves were 73.96 million ounces [21]

This Week's Key Focus - On August 25, the People's Bank of China will conduct 600 billion yuan of MLF operations [2][3] - On August 27, China's National Bureau of Statistics will announce the profits of industrial enterprises above designated size for July and January - July [2][10] - On August 28, the US Department of Commerce will announce the revised value of the US GDP for the second quarter of 2025 [2][15] - On August 29, the US Department of Commerce will announce the PCE price index for July [2][19] - On August 31, China will announce the official manufacturing PMI, non - manufacturing PMI, and comprehensive PMI for August [2][22] - From August 31 to September 1, the 2025 Shanghai Cooperation Organization Summit will be held in Tianjin [2][23] This Week's Hotspot Preview August 25 - The People's Bank of China will conduct 600 billion yuan of 1 - year MLF operations, with a net investment of 300 billion yuan, a sixth consecutive month of increased renewal [3] - The State Council Information Office will hold a press conference to introduce the achievements of customs in safeguarding national security and promoting high - quality development during the 14th Five - Year Plan period [4] - The US will announce July new home sales. If the annualized total is slightly lower than the previous value, it will mildly suppress the rise of non - ferrous metal futures but mildly help the rise of gold and silver futures [5] August 26 - The State Council Information Office will hold two press conferences, one on the achievements of high - quality energy development during the 14th Five - Year Plan period and the other on the 25th China International Investment and Trade Fair [7] - The US will announce the preliminary value of July durable goods orders. If the monthly rate is higher than the previous value, it will help the prices of non - ferrous metals, crude oil, and related commodity futures rise but suppress the prices of gold and silver futures [8] - The US will announce the August Conference Board Consumer Confidence Index. If it is slightly higher than the previous value, it will mildly help the prices of non - ferrous metals, crude oil, and related futures rise but suppress the prices of gold and silver futures [9] August 27 - China will announce the profits of industrial enterprises above designated size for July and January - July. From January to June, the year - on - year profit decreased by 1.8%, and in June, it decreased by 4.3% year - on - year [10] - The Taiwan Affairs Office of the State Council will hold a press conference [11] - Germany will announce the September Gfk Consumer Confidence Index, with an expected value of - 22 and a previous value of - 21.5 [12] - The Eurozone will announce the August economic sentiment index and industrial sentiment index. If both are slightly higher than the previous values, it will mildly help the prices of related industrial product futures rise [13] - EIA will announce the change in US crude oil inventories for the week ending August 22. If the inventory continues to decline, it will help crude oil and related commodity futures rise [14] August 28 - The US will announce the revised value of the second - quarter GDP for 2025, with an expected annualized quarterly rate of 3.0% [15] - The US will announce the number of initial jobless claims for the week ending August 23. If it is slightly higher than the previous value, it will mildly suppress the rise of commodity futures except for gold and silver futures but mildly help the prices of gold and silver futures rise [16] - The US will announce the seasonally adjusted pending home sales index for July. If the monthly rate is higher than the previous value, it will help the prices of non - ferrous metal futures rise but suppress the prices of gold and silver futures [17] August 29 - The US will announce personal spending and personal income for July. If the monthly rates are slightly higher than the previous values, it will mildly suppress the rise of gold and silver futures but mildly help the rise of industrial product futures except for gold and silver futures [18] - The US will announce the PCE price index for July, with an expected annual rate of 2.6% and an expected core annual rate of 2.9% [19] - The US will announce the August Chicago PMI. If it is slightly higher than the previous value, it will help the rise of non - ferrous metal futures but suppress the rise of gold and silver futures [20] August 31 - China will announce the official manufacturing PMI, non - manufacturing PMI, and comprehensive PMI for August. If both the manufacturing and non - manufacturing PMIs are slightly lower than the previous values, it will mildly suppress the rise of stock index futures and commodity futures prices [22] - The 2025 Shanghai Cooperation Organization Summit will be held in Tianjin, and President Xi Jinping will participate in relevant activities and deliver a keynote speech [23]

This Week's Key Focus - On July 7 at 16:00, the People's Bank of China will announce China's foreign exchange reserves and gold reserves for June [2][3] - On July 8, the Dalian Commodity Exchange will officially list and trade pure benzene futures and options [2][8] - On July 8, the US tariff suspension period expires [2][11] - On July 9 at 09:30, the National Bureau of Statistics will announce China's CPI and PPI for June [2][13] - On July 10 at 02:00, the Federal Reserve will release the minutes of its monetary policy meeting [2][16] - From July 10 - 17 at 16:00, the People's Bank of China will announce the financial statistics report, the incremental statistics report of social financing scale, and the stock statistics report of social financing scale for June [2][17] - On July 12 at 00:00, the US Department of Agriculture (USDA) will release the USDA monthly supply - demand report [2][21] This Week's Hotspot Preview July 7 - Expected June foreign exchange reserves are $3.3 trillion, compared to $3.285 trillion in May. Gold reserves in May were 73.83 million ounces [3] - The "Procedural Trading Management Implementation Rules" of the Shanghai, Shenzhen, and Beijing Stock Exchanges come into effect. The rules define high - frequency trading standards and make differentiated regulatory arrangements [4] - Expected Eurozone Sentix investor confidence index for July is 1.2, with a previous value of 0.2 [5] - Expected Eurozone retail sales monthly rate for May is - 0.5%, with a previous value of 0.1%; the annual rate is expected to be 1.4%, with a previous value of 2.3% [7] July 8 - Pure benzene futures will be listed for trading starting at 9:00 am, and pure benzene options starting at 21:00. The daily price limit for pure benzene futures is 7% of the previous trading day's settlement price, and 14% for new contracts on the first listing day. The contract margin is 8% of the contract value, and the option position limit is 2,000 lots [8] - Expected Australian cash rate on July 8 is 3.60%, with a previous value of 3.85%. The RBA governor will hold a monetary policy press conference [9] - Expected Eurozone Sentix investor confidence index for July is 0, with a previous value of 0.3 [10] - The US tariff suspension period expires [11] July 9 - The US EIA will release its monthly short - term energy outlook report, which may affect crude oil and related commodity futures prices [12] - Predicted June CPI year - on - year growth is 0%, compared to a decline of 0.1% previously; predicted June PPI year - on - year decline is 3.1%, compared to a decline of 3.3% previously. If the predictions hold, it will slightly boost commodity and stock index futures prices but slightly suppress treasury bond futures [13] - The US EIA will announce the change in crude oil inventories for the week ending July 4. A continued increase will suppress crude oil and related commodity futures prices [15] July 10 - The Federal Reserve will release the minutes of its monetary policy meeting, which may impact relevant futures prices [16] - Expected June M2 year - on - year growth is 8.2%, compared to 7.9% previously; expected new RMB loans in June are 2 trillion yuan, compared to 620 billion yuan previously; expected incremental social financing scale in June is 3.85 trillion yuan, compared to 2.287 trillion yuan previously. Higher values may boost commodity, stock index, and treasury bond futures [17] July 11 - The IEA will release its monthly crude oil market report, which may affect crude oil and related commodity futures prices [18] - The Ministry of Agriculture and Rural Affairs will release the monthly report on the supply - demand situation of agricultural products, which may impact relevant agricultural product futures prices [19] - Expected number of initial jobless claims in the US for the week ending July 5 is 235,000, compared to 233,000 previously. A slightly higher value may slightly boost non - ferrous metals, crude oil, and related commodity futures prices but slightly suppress gold and silver futures prices [20] July 12 - The USDA will release its monthly supply - demand report, which may impact relevant agricultural product futures prices [21]