Core Viewpoint - The article discusses the reaction of the Chinese Ministry of Defense to animated videos released by military enterprises from Sweden, the UK, the US, and Japan, which depict the sinking of Chinese naval vessels. The spokesperson emphasized that such self-congratulatory actions are unfounded and should be reconsidered by the involved parties [1]. Group 1 - The Swedish military enterprise has removed the related video, and the spokesperson urges other parties to take appropriate actions [1]. - The spokesperson referred to the behavior of these military enterprises as "self-indulgent" and expressed skepticism about their claims with the phrase "You wish" [1].

Group 1 - The main focus is on the fluctuations in gold prices, with the Shanghai gold futures reporting a price of 1249.12 yuan per gram, reflecting a 7.88% increase, and a trading range between 1180.00 and 1258.72 yuan per gram [1] - The Federal Reserve has decided to maintain the benchmark interest rate in the range of 3.50%-3.75%, aligning with market expectations, while internal support for a rate cut remains evident [3] - The market anticipates a potential shift towards a more accommodative monetary policy due to concerns over the labor market and inflation, which could support gold prices in the short term [3] Group 2 - The U.S. consumer confidence index has dropped significantly to 84.5, the lowest level since May 2014, indicating growing concerns over the labor market and high prices, which may lead to more cautious spending by households [1] - The U.S. Navy's Abraham Lincoln aircraft carrier strike group has entered the Central Command's area of responsibility, indicating potential military action in the Middle East if ordered by the White House [2]

Group 1 - The core viewpoint of the article emphasizes the importance of equal dialogue and negotiation between China and the United States to resolve trade differences, highlighting the positive outcomes from previous discussions [1] - The Chinese Ministry of Commerce expressed willingness to maintain and implement the important consensus reached by the leaders of both countries, aiming for stable, healthy, and sustainable development of Sino-U.S. economic and trade relations [1] - The article mentions that five rounds of economic and trade consultations have been conducted under the strategic guidance of the leaders of both nations, demonstrating that mutual respect and reciprocity can lead to effective solutions [1]

Group 1 - The Federal Reserve maintained the federal funds rate target range at 3.5% to 3.75%, marking the first pause after three consecutive rate cuts [1][5] - The market is more focused on the next Federal Reserve Chair candidate rather than the rate decision, with speculation surrounding potential nominees [2][3] - The selection process for the next Chair, led by Treasury Secretary Scott Bessent, began in September 2025 and has narrowed down from 11 candidates to a final list of 2 to 4 [2] Group 2 - Current Chair Jerome Powell's term ends in May 2026, but he can remain on the Board until 2028, complicating the nomination process for a new Chair [3] - If Powell stays on the Board, it may limit Trump's ability to nominate a new Chair unless a vacancy is created [3] - Analysts expect Powell may continue as a Board member after May, which could disrupt current market expectations for a dovish stance [3][6] Group 3 - The Federal Reserve's decision to pause rate cuts aligns with market expectations, with 10 out of 12 members supporting the decision [5] - Economic indicators show high uncertainty, with slow job growth and stable unemployment rates, while inflation remains elevated [5] - Future rate decisions will depend on political factors and economic conditions, with potential for two more rate cuts later in the year [6]

[Table_Reportdate] 2026年01月29日 [证券分析师： Table_Authors] 张季恺 S0630521110001 zjk@longone.com.cn 证券分析师： 王洋 S0630513040002 wangyang@longone.com.cn 联系人： 陈伟业 cwy@longone.com.cn 联系人： 邓尧天 [晨会纪要 Table_NewTitle] 20260129 重点推荐 财经要闻 晨 会 纪 要 证券研究报告 HTTP://WWW.LONGONE.COM.CN 请务必仔细阅读正文后的所有说明和声明 dytian@longone.com.cn [table_summary] ➢ 1.预定利率研究值环比微降1bp至1.89%，"开门红"销售火热——保险业态观察（十三） ➢ 2.美元大跌会是广场协议2.0吗？——海外观察：美国经济热点简评 ➢ 3.其他收益推动利润增速回升——国内观察：2025年12月工业企业利润数据 ➢ 1.美联储如期暂停降息 ➢ 2.上海黄金交易所调整白银延期合约保证金水平和涨跌停板 ➢ 3.财联社：多家房企表示目前已不被监管部门要求每月上报 ...

商 品 研 究 2026 年 1 月 29 日 黄金：再创新高 【基本面跟踪】 贵金属基本面数据 | | | 昨日收盘价 | 日涨幅 | 昨日夜盘收盘价 | 夜盘涨幅 | | --- | --- | --- | --- | --- | --- | | | 沪金2602 | 1,144.18 | 0.46% | 1196.80 | 3.36% | | | 黄金T+D | 1,142.89 | -0.12% | 1190.75 | 2.39% | | | Comex黄金2602 | 5218.80 | 4.28% | - | | | | 伦敦金现货 | 5180.35 | 3.40% | - | - | | | 沪银2602 | 28647 | 5.59% | 28885.00 | 1.46% | | 格 | 白银T+D | 28732 | 4.88% | 28981 | -0.13% | | 价 | Comex白银2602 | 112.345 | 8.14% | - | - | | | 伦敦银现货 | 111.908 | 7.73% | - | - | | | | 昨日成交 | 较前日变动 | 昨日持仓 | 较 ...

期货市场交易指引 交易咨询业务资格： 鄂证监期货字[2014]1 号 曹雪梅：Z0015756 电话：027-65777102 邮箱：caoxm2@cjsc.com.cn 全球主要市场表现 | 指标 | 最新价 | 涨跌幅 | | --- | --- | --- | | 上证综指 | 4,151.24 | 0.27% | | 深圳成指 | 14,342.89 | 0.09% | | 沪深 300 | 4,717.99 | 0.26% | | 上证 50 | 3,060.56 | 0.27% | | 中证 500 | 8,601.16 | 0.61% | | 中证 1000 | 5,903.58 | 0.25% | | 日经指数 | 53,358.71 | 0.05% | | 道琼指数 | 49,015.60 | 0.02% | | 标普 500 | 6,978.03 | -0.01% | | 纳斯达克 | 23,857.45 | 0.17% | | 美元指数 | 96.3455 | 0.61% | | 人民币 | 6.9453 | -0.18% | | 纽约黄金 | 5,447.80 | 5.18% | | ...

北京时间1月29日凌晨，美国联邦公开市场委员会（FOMC）公布最新利率决议，将联邦基金利率 目标区间维持在3.50%—3.75%不变，符合市场预期。这是美联储自去年9月起连续三次降息后的首次暂 停行动。 本次会议以10比2的投票结果通过，下任美联储主席人选之一的沃勒和美国总统特朗普"钦点"的另 一位理事米兰都支持继续降息，成为反对此次利率决议的少数派。 美联储声明和美联储主席鲍威尔的发言都暗示美联储并不急于降息，同时鲍威尔建议下一届美联储 主席与政治划清界限。 当天，美股三大指数涨跌不一，截至收盘，道指涨0.02%，报49015.6点；标普500指数微跌0.01%， 报6978.03点；纳斯达克指数上涨0.17%，报23857.4点。美元指数反弹0.75% 现货黄金价格强势站上5400美元/盎司关口，日内暴涨约4.5%。 不急于降息 本次美联储声明对经济活动的表述从上个月的"温和速度扩张"，改为以"稳健的速度扩张"，删除了 就业风险增加的表述，只表示就业增长仍然缓慢，失业率已显现出一定的企稳迹象，通胀依然略高。 FOMC力求长期内实现最大化就业和2%的通胀率。经济前景的不确定性仍处于较高水平。委员会 密切关注 ...

Group 1 - The core event reported is the crash of Satena Airlines flight HK 4709 in Norte de Santander, Colombia, resulting in the death of all 15 individuals on board, including a congressman and a presidential candidate [1][2]. - The flight lost contact in an area with adverse weather conditions, which may have contributed to the incident [2]. Group 2 - The article mentions the broader context of the aviation industry, highlighting the impact of such incidents on public perception and regulatory scrutiny [3].

美联储决议公布后，美元指数大幅拉升，日内一度大涨超1%，美股三大指数波动不大。贵金属全线大 涨，现货黄金一度站上5500美元/盎司。 鲍威尔在随后召开新闻发布会，并详细阐述利率决定和经济前景展望。 鲍威尔表示，关税上涨对消费价格的影响已基本传导完毕，即将达到峰值，然后开始下降，但前提是没 有新的重大关税上调措施出台。他还强调，美联储官员都致力于维护独立性。 来源：视觉中国 美联储于北京时间周四凌晨公布政策决定，决定将联邦基金利率目标区间继续维持在3.5%至3.75%之 间。 会议纪要显示，现有指标表明，就业增长仍处于低位，失业率已显现出趋于稳定的迹象。联邦公开市场 委员会致力于实现最大就业和长期通胀率达到2%的目标。经济前景的不确定性仍然很高。 在此之前，市场已完全消化了利率不变的预期。分析师重点关劳动力市场评估、通胀趋势研判、中性利 率判断。 市场已定价美联储在年内正式降息两次，首次降息预期在7月，也就是新任美联储主席就职之际。特朗 普提名的人选可能在一周左右内揭晓。 美联储还很可能会参考通胀数据来决定何时再次降息。摩根士丹利认为，对今年晚些时候通胀回落的信 心将使美联储保留宽松倾向。 与此同时，白宫方面正 ...