当地时间周四，芝商所集团遭遇系统故障，全球外汇、大宗商品及股票期货交易停滞近11小时。故障后 白银和铜价飙升创纪录新高，白银受美联储降息预期、资金流入ETF、供应紧张等因素支撑，铜价则因 供应短缺和看涨预测上涨。市场猜测故障与白银价格突破有关，但芝商所称是技术性问题。详情>> 六大国有行停售5年期大额存单，存款利率或下行 来源：喜娜AI 金融市场犹如变幻莫测的海洋，时刻涌动着投资与经济政策的波澜，深刻影响着全球经济的走向。在 此，喜娜AI为您呈上今日财经热点新闻，全方位覆盖股市动态、经济数据、企业财务状况以及政策更 新等关键领域，助您精准洞察金融世界的风云变幻，把握市场脉搏。 头部券商副总裁违规炒股，被罚没1.35亿 11月28日晚间，江苏证监局公布罚单，某头部券商原副总裁陈某涛，利用未公开信息交易股票盈利1875 万元，违规买卖证券盈利2640万元，合计被罚没1.35亿元，还被采取8年和5年的证券市场禁入措施。陈 某涛曾申辩称自己为金融行业作过贡献，请求减轻处罚，但未被证监局采纳。详情>> 日本增发巨额国债刺激经济，债汇市场承压 11月28日消息，日本政府拟增发约11.7万亿日元国债，为新一轮经济刺激方案提 ...

美国感恩节假期，市场本就交投清淡，交易中断进一步放大了价格波动，并一度导致贵金属买卖价差飙升。市场普遍认为，当前贵金属市场正处 于一个由供应短缺、宏观前景改善和潜在贸易政策共同构成的"完美风暴"之中。 在强劲的基本面与美联储降息预期的推动下，白银和铜价在周五的动荡交易中双双飙升至历史新高，而芝商所罕见的技术故障加剧了市场的剧 烈波动。 与黄金不同，白银有很大一部分需求来自工业领域，例如光伏电池和电子产品。这种强劲的实物需求为价格提供了坚实基础。 上个月伦敦市场严重的供应紧张曾一度将价格推至历史高位，尽管此后近5400万盎司的白银流入缓解了挤压，但市场依然显著吃紧，白银的一 个月借贷成本仍盘旋在正常水平之上。 分析认为，这些流入伦敦的金属，反过来给包括中国在内的其他交易中心带来了压力。 上海期货交易所的数据显示，其仓库的白银库存近期已 降至2015年以来的最低水平。 周五，芝商所因数据中心冷却系统故障，导致其全球衍生品市场交易中断数小时。 美国感恩节假期，市场本就交投清淡，交易中断进一步放大 了价格波动，并一度导致贵金属买卖价差飙升。 随着芝商所多数交易业务在美东时间清晨恢复，伦敦金属交易所的期货延续涨势。 白 ...

Core Viewpoint - Jinchuan Group Copper Precious Metals Co., Ltd. has successfully passed the qualification review by the Guangzhou Futures Exchange, officially obtaining the brand registration and delivery warehouse qualification certification for platinum and palladium futures, marking it as one of the first companies in the country to achieve this dual qualification, which signifies authoritative recognition of its comprehensive strength in the precious metals futures sector [1][3]. Group 1 - The Guangzhou Futures Exchange is the first mixed-ownership exchange approved by the State Council, and the platinum and palladium futures products it offers are important financial tools for risk management in the precious metals industry and for supporting high-quality development of the real economy [3]. - Obtaining the platinum and palladium futures brand registration and delivery warehouse qualification certification requires passing strict assessments across multiple dimensions, including production capacity, product quality standards, storage management levels, and risk prevention systems, serving as a dual authoritative endorsement of the company's industrial foundation and compliance operational capabilities in the precious metals field [3][5]. Group 2 - Following the qualification, Jinchuan Copper Precious Metals will officially integrate into the Guangzhou Futures Exchange's platinum and palladium futures trading and delivery system, enabling it to conduct standard warehouse receipt generation, delivery storage, and rights transfer related to platinum and palladium futures [7]. - This integration will not only provide standardized futures delivery services for itself and upstream and downstream enterprises in the industry chain, helping to lock in operational risks and stabilize profit margins, but will also leverage the resources of the Guangzhou Futures Exchange to promote standardized and regulated development of precious metals trade circulation in Gansu Province and the Northwest region [7][9]. Group 3 - Jinchuan Group Copper Precious Metals Co., Ltd. will collaborate with the Guangzhou Futures Exchange and industry partners to deepen the integration of precious metals futures with the real economy, jointly building a network of delivery warehouses that serve as logistics channels and consumption distribution centers [9]. - This initiative aims to break down geographical barriers in spot delivery and enhance logistics turnover vitality, creating a hub for production, processing, and trade industries, thereby promoting the development of strategic emerging industries and forming an industrial circle that realizes multi-level connectivity between futures and spot markets, as well as between goods and finance [9].

Core Viewpoint - The article discusses a significant technical failure at the Chicago Mercantile Exchange (CME) that disrupted trading for approximately 10 hours, affecting various financial markets and raising concerns among traders about month-end operations [3][4]. Group 1: Technical Failure Impact - CME experienced a technical glitch that halted trading, particularly impacting the Globex futures and options market, which accounts for 90% of CME's trading volume [3]. - The failure led to low trading volumes, with notable delays in trading for Treasury futures and options linked to the secured overnight financing rate [3]. - The disruption resulted in widened bid-ask spreads for Treasury futures, with 20-year futures showing a spread of 11 ticks and 30-year futures showing a spread of 7 ticks [4]. Group 2: Market Reactions and Predictions - Despite the technical issues, the stock market remained stable, with an expected $6 billion inflow into equities for the month-end rebalancing [3]. - Market participants expressed concerns about the inability to trade contracts tracking the S&P 500 and other assets due to the outage, which was attributed to a cooling issue at a key data center in the Chicago area [5][6]. - As trading resumed, the bond yield curve exhibited a "bear steepener" trend, indicating rising yields [5].

作者 | 第一财经 樊志菁 当地时间周四，芝加哥商品交易所集团（CME）遭遇系统故障，导致全球外汇、大宗商品及股票期货 交易陷入停滞，投资者和经纪商"无从下手"。这也是芝商所时隔11年再次发生重大故障，与上次仅涉及 农产品合约不同，这一次影响范围更大。 与此同时，白银在交易恢复后快速拉升创历史新高，让"拉网线"的市场传言愈演愈烈，该兼具工业和金 融属性的贵金属行情未来怎么走无疑将成为年末金融市场的一大焦点。 感恩节停摆 期货是金融市场的核心工具，交易商、投机者及企业可通过期货对各类基础资产进行对冲或持仓操作。 芝商所本月早些时候的数据显示，10月衍生品日均交易量达2630万份合约。芝商所提供涵盖多领域的期 货及期货期权产品，具体包括大宗商品、利率、股票指数、外汇和加密货币。 一则市场猜测 作为全球规模最大的交易所运营商，芝商所于美国东部时间周四晚上9点40分首次在其官网发布系统故 障通知。此次故障由赛勒斯万（CyrusOne）芝加哥地区CHI1数据中心的冷却系统问题引发。此次故障 让经纪商陷入困境，盛宝银行（Saxo Bank）、XTB 及 eToro 等均通过官网或声明表示，已暂停美国各 类指数、国债及大宗 ...

美国东部时间11月28日上午8点30分左右，芝加哥商品交易所（CME）及时恢复了交易运营。此前CME 出现了技术故障，导致亚洲和欧洲多个金融市场交易受限约10小时。 据悉，交易所的Globex期货与期权市场于上午8点30分开盘，该市场负责期货、期权和商品交易，占 CME集团成交量的90%。但是，许多市场的交易量依然偏低，有交易者指出，国债期货和与担保隔夜融 资利率挂钩的期权交易出现延迟。 据第一财经了解，高盛交易员在交易笔记中提及，由于CME出现技术故障，市场一度担心月末操作会 受到影响，所幸美东时间上午8点30分国债期货最终顺利开盘。本月的再平衡（rebalance）原本预期将 带来约60亿美元流入股票，但实际股市走势依然稳健。 高盛亚洲新兴市场信用债交易负责人尼廷·帕瓦（Nitin Pahwa）称，尽管市场整体偏坚挺且ETF需求在盘 中显现，但由于CME出现技术故障，导致成交量受限。 还有投行交易员对第一财经提及，由于CME的系统问题持续，期货一度无法开盘，国债的交易并不顺 利，买卖价差异常扩大，例如20年国债期货出现了11个tick（最小跳动单位）的价差，而30年国债期货 也出现了7个tick的价差。 ...

Group 1: Metal Prices Surge - Spot gold prices increased by nearly 1.5%, reaching the $4200 mark, marking a new high in nearly two weeks and the fourth consecutive month of gains [1] - Spot silver prices rose for the seventh consecutive month, hitting a historical high of $56.397 per ounce, up 5.66%, with a weekly increase of over 12%, the strongest weekly performance since 2020 [1][2] - London copper prices surged by 2.5% to around $11,210 per ton, setting a record high [1] Group 2: Trading System Outage - The Chicago Mercantile Exchange (CME) experienced a system outage, halting trading across global forex, commodities, and stock futures, coinciding with silver's historical price peak [4] - The outage was attributed to a cooling issue at the CyrusOne data center, and it was confirmed by CME late Thursday night [4] - This incident is not the first for CME, as it has faced similar technical issues in the past, including significant outages in 2014 and 2019 [4] Group 3: Federal Reserve's Interest Rate Expectations - Market expectations for a Federal Reserve rate cut in December have significantly increased, providing strong macro support for gold and silver prices [5] - The probability of a 25 basis point rate cut in December is now at 85.4%, up from 50% the previous week [5][6] - Analysts suggest that the current economic slowdown and dovish comments from Fed officials are driving investors back to the gold market [5]

2025.11. 29 本文字数：2740，阅读时长大约4分钟 感恩节停摆 期货是金融市场的核心工具，交易商、投机者及企业可通过期货对各类基础资产进行对冲或持仓操作。芝商所本月早些时候的数据显示，10月衍生品日 均交易量达2630万份合约。芝商所提供涵盖多领域的期货及期货期权产品，具体包括大宗商品、利率、股票指数、外汇和加密货币。 一则市场猜测 值得注意的是，芝商所期货交易突然中断引发网络热议 ——尤其是白银投资者，他们注意到此次故障发生在白银期货触及54美元上方历史新高仅几分钟 后。社交媒体上却涌现出大量猜测，认为此次交易中断与白银价格持续突破有关。 作者 | 第一财 经 樊志菁 当地时间周四，芝加哥商品交易所集团（CME）遭遇系统故障，导致全球外汇、大宗商品及股票期货交易陷入停滞，投资者和经纪商"无从下手"。这也 是芝商所时隔11年再次发生重大故障，与上次仅涉及农产品合约不同，这一次影响范围更大。 与此同时，白银在交易恢复后快速拉升创历史新高，让"拉网线"的市场传言愈演愈烈，该兼具工业和金融属性的贵金属行情未来怎么走无疑将成为年末 金融市场的一大焦点。 作为全球规模最大的交易所运营商，芝商所于美国东部时间 ...

Core Viewpoint - Silver and copper prices surged to historical highs driven by strong fundamentals and expectations of interest rate cuts by the Federal Reserve, exacerbated by a rare technical failure at the CME Group that intensified market volatility [1][10]. Group 1: Silver Market Dynamics - Silver prices rose by 5.9% to $56.53 per ounce, setting a new record, while supply concerns intensified due to a significant shortage in the market [2][4]. - Industrial demand for silver, particularly from sectors like photovoltaics and electronics, has provided a solid foundation for price increases, despite a recent influx of 54 million ounces easing some supply pressure [5][6]. - Concerns over potential tariffs on silver, following its inclusion in the US Geological Survey's critical minerals list, have led to hesitance among traders regarding exporting the metal [6]. Group 2: Copper Market Sentiment - Copper prices reached new highs, with LME copper futures hitting $11,210.50 per ton, following discussions among miners, smelters, and traders at a Shanghai conference that highlighted tightening market conditions [2][7]. - The energy trading firm Mercuria's metal chief expressed bullish predictions, warning that increased shipments to the US could deplete global copper inventories [8]. - The price surge was also a response to optimistic sentiments from the CESCO Shanghai conference, contributing to a broader bullish narrative for the year-end [9]. Group 3: Macro Economic Influences - The anticipated monetary easing by the Federal Reserve has been a significant driver for metal prices, with an 86.4% probability of a 25 basis point rate cut expected at the December 10 meeting [10]. - The broader surge in metal prices this year reflects a trend known as "inflation trade," with silver prices increasing over 90% as investors shift from government bonds and currencies to alternative assets [12].

伦敦金属交易所首席执行官 Matt Chamberlain 在声明中表示："虽然我们认为针对定制化跨办公室交易 提高费用是合理的，但我们仍致力于维持实物市场交易关键环节的低费率，例如所有交易场所的场内交 易和短期套利交易。" （文华综合） 交易所称，会员电子交易费将按3.4%至3.7%的"通胀增幅"调整，但补充说明客户在LMEselect平台进行 即期交易的"综合交易成本"将下降4.5%。 这家拥有148年历史的交易所表示，新费率将于2026年1月1日起生效，客户交易费除外，该项调整将于 2026年3月1日实施，以便会员有时间落实相关流程变更。 11月28日（周五），伦敦金属交易所（LME）表示，为增强其LMEselect电子平台的流动性并支持实物 市场交易，明年将降低客户交易费用。 全球主要金属交易市场LME在声明中宣布修订2026年收费方案，客户交易及结算费将下调7.4%-8.5%。 ...