股票近期走势 根据内部数据库，维谛技术2月27日收盘价为247.87美元，单日下跌4.38%。其所属的电气设备零件板块 当日整体下跌1.54%。尽管维谛技术此前因财报超预期而表现强势，但在大盘科技股抛售潮中未能独善 其身。 以上内容基于公开资料整理，不构成投资建议。 经济观察网 维谛技术（VRT.N）股价在2026年2月27日出现下跌，主要是受到整体科技股板块疲软和市 场对通胀数据的担忧影响。 市场环境 2月27日，美股科技股普遍承压。以科技股为主的纳斯达克指数下跌1.25%，道琼斯指数下跌1.32%。半 导体板块领跌，英伟达在发布财报后股价连续下跌，对同行业个股产生拖累效应。同时，当日公布的美 国1月生产者价格指数（PPI）超出预期，显示通胀压力依然存在，加剧了市场对利率政策的担忧，并给 成长型股票带来压力。 ...

昨日（2月25日，星期三），黄金亚欧盘以及美盘初整体偏扫荡上行走势，凌晨在5217/5218区域受阻下跌，最低跌至5145附近，日线收小阳线。 一、技术面 1、日线级别：金价周二单阴调整，周三虽收阳但未能突破前高，收出上影线较长的小阳线，多头反弹力度偏弱。近期低点均依托5日均线支撑，早盘同样开 盘于5日均线附近，短线先关注5日均线附近博弈情况。目前5/10日均线形成金叉向上运行，对金价构成一定支撑，但20日均线仍向下延伸，表明中期结构尚 未完全转强，短期行情仍存在震荡洗盘、回踩调整的可能。若失守5日均线，下方进一步关注10日均线5060区域支撑；上方则关注本周高点5250关键阻力。 2、四小时级别：周二及周三美盘初期，金价连续下探布林带中轨后企稳反弹，凌晨时段跌破中轨，震荡上行的节奏打破。当前布林带上下轨呈收缩状态， 意味着市场波动收窄，多空双方均缺乏较强延续性，行情正等待关键方向突破。点位上，下方重点关注5100-5090区域顶底转换支撑，若有效破位，金价将 进一步向下调整；上方关注凌晨高点5217-5218及本周高点5250阻力，突破企稳后可顺势看涨。 综合来看，黄金短线关注关键支撑与阻力情况，操作上高抛 ...

来源：智通财经网 随着美伊紧张局势加剧引发油价走高将推动通胀的担忧，美国国债正迈向一个月来最长的连跌走势。数据显示，美国10年期国债收益率连续第三日上 升，上涨1个基点至4.09%。油价周四上涨，延续前一日的涨势。 知情人士透露，美军已做好"最早于本周末对伊朗发动军事打击"的准备，但美国总统特朗普尚未最终决定。消息人士称，白宫已获悉，在近几日美军 向中东大幅增兵后，军方已做好周末发动攻击的准备。特朗普就军事行动的利弊私下进行过辩论，并就最佳行动方案征询了顾问和盟友的意见——目 前尚不清楚他是否会在周末前做出决定。 美国和伊朗第二轮间接谈判2月17日在瑞士日内瓦举行。美伊官员在谈判结束后均表示，尽管分歧仍存，但谈判较上一轮取得进展，双方同意继续接 触。 在美国与伊朗进行间接谈判的同时，美国不断在伊朗周边强化军事部署。美国海军"福特"号航母及其护航舰艇正在穿越大西洋，前往直布罗陀海峡。 另外，美国还向中东派遣了大量战斗机和支援机群，集结自2003年伊拉克战争以来该地区最大规模的空中力量。 美联储会议纪要显示，官员们对未来的货币政策方向存在分歧。在评估货币政策前景时，一些与会者表示，如果通胀如预期般回落，进一步下调 ...

彭博调查经济学家预测，截至 2 月 14 日当周初请失业金人数增至22.5 万人，略低于此前的 22.7 万人。 货币市场本周已下调对美联储降息的押注，目前预计年内第三次降息的概率约为25%，低于上周五的 50%。对货币政策敏感的 2 年期国债收益率升至3.47%。 美国国债正迈向一个月以来最长连跌走势，原因是美伊紧张局势加剧，引发市场对油价推升通胀的担 忧。 美国 10 年期国债收益率连续第三日走高，上升 1 个基点至4.09%。在有报道称美国可能比预期更早对 伊朗采取军事干预后，油价周四在前一日大涨基础上继续攀升。 瑞穗国际策略师伊芙琳・戈麦斯 - 列奇蒂表示："若美国主导一场旨在更迭政权的长期行动，可能对能 源市场产生更深远、更持久的影响，挑战当前的通胀放缓叙事，并迫使市场重新评估中期通胀风险。" 在美联储 1 月 27—28 日政策会议纪要显示，多位官员暗示如果通胀持续居高不下，央行可能需要加息 后，通胀担忧已成为投资者关注的焦点。 投资者还将聚焦周四公布的美国每周就业数据，以验证会议纪要释放的信号 —— 多数与会者认为近几 个月就业下行风险已有所缓和。 美国将于当日晚些时候发售90 亿美元全新 30 ...

隔夜美股盘中冲高回落。国际黄金、白银、原油期货价格集体大涨。 北京时间2月19日凌晨，美联储最新公布的1月会议纪要显示，与会者普遍赞同央行将关键利率维持在 3.5%至3.75%区间不变的决定。不过，官员们对随后的货币政策方向存在分歧。 美股收高 油价大涨 美股三大指数2月18日集体收涨，纳指涨0.78%，标普500指数涨0.56%，道指涨0.26%。 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | | 道琼斯工业平均 | 49662.66 | 129.47 | 0.26% | | 纳斯达克指数 | 22753.63 c | 175.25 | 0.78% | | 标普500 | 6881.31 | 38.09 | 0.56% | 大型科技股普涨，英伟达、奈飞、亚马逊涨超1%，苹果、特斯拉、谷歌、Meta小幅上涨。 中概股表现分化，阿特斯太阳能涨超4%，富途控股涨超2%；世纪互联跌超9%，文远知行跌超4%，金 山云跌超3%。 COMEX黄金期货收盘涨1.95%，COMEX白银期货收盘涨4.92%。2月19日开盘后，现货黄金、白银小幅 震荡。 分析称，最新联储政策会 ...

Berenberg的Andrew Wishart在一份报告中称，英国12月份的就业数据持续走弱，缓解了对通胀可能反弹 的担忧。英国10月至12月的失业率从9月至11月的5.1%攀升至5.2%。不包括奖金的平均薪资增幅在截至 12月的三个月里从截至11月的三个月的4.4%放缓至4.2%。Wishart称，这些数据可能会让英国央行货币 政策委员会的成员感到放心，即"劳动力市场疲软正导致薪资通胀放缓"。 ...

Group 1 - The international precious metals futures experienced a general increase, with COMEX gold futures rising by 1.53% to $5107.80 per ounce and COMEX silver futures increasing by 4.60% to $84.08 per ounce [1] - Analysts attribute the rise in silver prices to expectations of supply shortages and strong investment demand, alongside delayed expectations for Federal Reserve interest rate cuts and inflation concerns enhancing the anti-inflation properties of precious metals [1] - The U.S. labor market showed strength with a non-farm payroll increase of 130,000 in January, significantly exceeding the market expectation of 70,000, and the unemployment rate fell to 4.3%, the lowest since August 2025 [1] Group 2 - The Kansas City Fed President indicated that inflation remains above target levels, suggesting a need to maintain a "slightly restrictive" interest rate stance, leading traders to push back their bets on Fed rate cuts from June to July [1] - Recent market behavior showed a notable inverse volatility in the gold and silver markets, with individual investors strongly buying during price declines; data from "Vanda Research" indicated a net inflow of approximately $4.3 billion into silver tracking index funds over just six trading days [1] - The World Silver Association forecasts that global silver demand will remain stable in 2026, with total supply expected to grow by 1.5% to 1.05 billion ounces, marking a ten-year high, yet the silver market is projected to experience structural shortages for the sixth consecutive year [4]

Market Overview - From late January to early February, significant global events disrupted asset pricing, leading to fluctuations in gold and silver prices, and a notable decline of 2.48% in the Shanghai Composite Index on February 2[20] - The domestic bond market saw a window for growth, with the yield on 30-year government bonds decreasing by 4 basis points (bp) to 2.22%[20] Bond Market Characteristics - The current bond market is characterized by three main features: a decline in risk appetite, ample liquidity, and favorable supply-demand dynamics[2] - Risk appetite has weakened, with the performance of risk assets declining compared to mid-December to mid-January, leading to a shift of funds back to fixed income[2] - Despite an increase in bond supply in February, demand remains strong, with government bonds seeing good subscription rates and a high coverage ratio of over 12 times for some issuances[2] Inflation Concerns - Inflation remains a key concern, with January's Producer Price Index (PPI) expected to show a month-on-month increase of approximately 0.3%, driven by rising commodity prices[3] - The Consumer Price Index (CPI) is anticipated to rebound significantly in February due to the effects of the Spring Festival, with both year-on-year and month-on-month growth expected to rise[3] Yield Dynamics - The 10-year government bond yield is currently stable at around 1.80%, indicating resistance to a systemic decline in interest rates[20] - The yield spread between 30-year and 10-year government bonds has compressed from 48bp to 44bp, driven by buying interest from funds and smaller banks[4] Risk Factors - Potential risks include unexpected adjustments in monetary policy, liquidity changes, and fiscal policy shifts that could impact market stability[5]

Report Summary 1. Report Industry Investment Ratings - The report does not explicitly provide industry investment ratings [1] 2. Core Views - Aluminum is expected to have a slight rebound, alumina will experience range - bound fluctuations, and cast aluminum alloy will follow the trend of electrolytic aluminum [1] 3. Summary by Relevant Catalogs 3.1 Futures Market - **Aluminum**: The closing price of the Shanghai Aluminum main contract is 23,810, with changes of 775 compared to T - 1, - 495 compared to T - 5, 1480 compared to T - 22, and 2900 compared to T - 66. The LME Aluminum 3M closing price is 319, with changes of 3099 compared to T - 1, 43 compared to T - 5, - 114 compared to T - 22, and 143 compared to T - 66. The trading volume and open interest of relevant contracts also have corresponding changes [1] - **Alumina**: The closing price of the Shanghai Alumina main contract is 2809, with changes of 37 compared to T - 1, 75 compared to T - 5, 255 compared to T - 22, and 9 compared to T - 66. The trading volume and open interest of relevant contracts also have corresponding changes [1] - **Aluminum Alloy**: The closing price of the aluminum alloy main contract is 22,215, with changes of 375 compared to T - 1 and - 840 compared to T - 5. The trading volume and open interest of relevant contracts also have corresponding changes [1] 3.2 Spot Market - **Aluminum**: The spot premium/discount is - 220, the Shanghai bonded area premium is 175, the EU Rotterdam aluminum ingot premium (MB) is 345.0. The electrolytic aluminum enterprise profit and loss is 7054.75, and the import profit and loss of aluminum spot and 3M also have corresponding values. The domestic aluminum ingot social inventory is 82.90 million tons, the SHFE aluminum ingot warehouse receipts are 15.07 million tons, and the LME aluminum ingot inventory is 49.52 million tons [1] - **Alumina**: The domestic average price of alumina is 2646, the alumina price at Lianyungang's arrival port (USD/ton) is 330, and the alumina price at Lianyungang's arrival port (CNY/ton) is 2720. The profit and loss of Shanxi alumina enterprises is 896 [1] - **Aluminum Bauxite**: The prices of bauxite imported from Australia, Indonesia, and Guinea, as well as the price of Yangquan bauxite, have corresponding values and changes [1] - **Aluminum Alloy**: The theoretical profit of ADC12 is 81, the price of Baotai ADC12 is 23,000, and the difference between Baotai ADC12 - A00 is - 290. The total inventory of three places has corresponding changes [1] 3.3 Other Information - **Trend Intensity**: Aluminum trend intensity is 1, alumina trend intensity is 0, and aluminum alloy trend intensity is 1 [2] - **External News**: Fed Governor Milan said that more than 100 basis - point interest rate cuts are needed this year. The US House of Representatives approved a government financing bill to end a partial shutdown [2]

Group 1 - The core viewpoint is that the Federal Reserve needs to lower interest rates by more than 100 basis points this year, as stated by Stephen Miran, a Trump-appointed director [1] - Miran emphasizes that potential inflation is not a concern and that there is not much strong price pressure observed in the economy, which supports his call for significant rate cuts [1] - He points out that better economic growth in the future does not require higher interest rates, indicating that the rise in long-term yields is partly due to improved growth expectations rather than increased inflation fears [1] Group 2 - Miran expresses anticipation for Kevin Warsh's performance as the next Federal Reserve Chair, following Trump's nomination of Warsh [1] - The market is speculating on a more hawkish balance sheet policy under Warsh's leadership, reflecting a shift in expectations regarding monetary policy [1]