Group 1 - The U.S. Commerce Department is set to release the November core PCE index year-on-year, which was delayed due to government shutdown impacts on statistical work [1] - Financial institutions expect the core PCE to be 2.8%, above the moderate inflation standard of 2% [1] - The accuracy of the November data is in question due to the ongoing government shutdown affecting data collection [1] Group 2 - The long-term trend indicates that PCE data is stabilizing, with expectations for the core PCE to drop below 3% by May 2024, marking the arrival of the "2" era [3] - The November core CPI year-on-year is reported at 2.6%, down from 3% in September, suggesting a potential decline in the PCE data as well [3] - There remains a possibility that the final PCE value could be below the expected 2.8% [3] Group 3 - The U.S. dollar index continues to show a volatile trend, with a range between 96.34 and 100.23, and has not effectively broken through these levels [6] - Recent price movements indicate that the dollar's rebound is being replaced by a downward trend, complicating bullish sentiment [6] - Gold and silver prices are influenced by the PCE data, primarily through fluctuations in the dollar index, with gold reaching a new high of $4888.39 and silver at $95.86 [6][7] Group 4 - The weak state of the dollar provides an opportunity for gold and silver prices to rise, with expectations that if the PCE data does not significantly exceed expectations, the upward trend in precious metals will likely continue [7]

Market Overview - US stock market was closed due to a holiday, but futures showed a significant decline, with Dow Jones futures down 0.83%, S&P 500 futures down 0.88%, and Nasdaq 100 futures down 1.09% [2] - Major European indices also fell, with the Euro Stoxx 50 down 1.72%, FTSE 100 down 0.39%, CAC 40 down 1.78%, DAX 30 down 1.34%, and FTSE MIB down 1.32% [2] Precious Metals - Gold and silver prices reached historical highs, driven by increased demand for safe-haven assets due to tariff threats from Trump [4][5] - Spot gold rose by 2% to reach $4690.88 per ounce, currently reported at $4675.76 per ounce [6] - Spot silver increased by over 5%, reaching $94.726 per ounce, currently reported at $94.479 per ounce [8] Economic Impact of Tariffs - Economists warned that if Trump quickly implements new tariff threats, the UK could face a recession risk, with GDP potentially declining by 0.3% to 0.75% [10] - The World Bank estimated that if tariffs are raised to 25% starting in June, the UK economy could suffer a loss of £21.6 billion [10] - Current UK economic growth is only 0.2% to 0.3% per quarter, and a sudden shock could trigger a recession [10] Federal Reserve Developments - Federal Reserve Chairman Powell is set to attend a Supreme Court hearing regarding the potential dismissal of Fed Governor Cook by Trump, marking an unusual public statement of support for Cook [11] - Powell previously indicated that the Trump administration had issued subpoenas to the Fed and threatened criminal charges, which he described as a pretext to force significant rate cuts [11] - According to CME FedWatch, the probability of a 25 basis point rate cut in January is 5%, with a 95% chance of maintaining current rates; by March, the cumulative probability of a 25 basis point cut rises to 20.7% [11]

Group 1: Guangdong Foreign Trade - Guangdong's foreign trade reached a historical high of 9.49 trillion yuan in 2025, marking a year-on-year growth of 4.4% [4] - Guangdong has maintained its position as the top province in China for 40 consecutive years, accounting for 20.9% of the national foreign trade total and contributing 24.1% to the national growth [4][6] - The import value was 3.46 trillion yuan, increasing by 7.8%, while the export value was 6.03 trillion yuan, with a growth of 2.5% [4] Group 2: Real Estate Market - In December 2025, new residential prices in Shanghai increased by 0.2% month-on-month and 4.8% year-on-year, making it the only city among the top-tier cities to show growth [5] - The overall residential sales prices in 70 major cities saw a month-on-month decline, with first-tier cities experiencing a 0.3% decrease [5] Group 3: Gold and Silver Prices - International gold and silver prices reached historical highs, with gold surpassing $4,690 per ounce and silver exceeding $94 per ounce [8] - Domestic gold jewelry prices also surged, with several brands reporting prices over 1,450 yuan per gram [8] Group 4: Shenzhen Office Market - Shenzhen's Grade A office market saw a net absorption of 664,000 square meters in 2025, the highest in four years, driven by demand from technology companies [15] - The total supply of Grade A office space increased by 9.4% year-on-year, reaching 12.84 million square meters [15] Group 5: Guangzhou Pharmaceutical Export Platform - Guangzhou Pharmaceutical Group established a comprehensive service platform for pharmaceutical exports, aiming to enhance the export of medical products [13] - A collaboration with GE Healthcare was announced to create a research and development laboratory for nuclear medicine [13]