记者丨曾静娇 叶麦穗 编辑丨刘雪莹 美东时间周一，美股三大指数集体低开后跳水，科技股、黄金股普跌，中概股多数下跌；贵金属市场全线下 挫，白银、铂金、钯金暴跌超10%，黄金跌至4310美元附近；国际油价持续走高。 科技股普跌， 截至北京时间23:00， 七巨头多数下跌， 仅苹果小幅上涨0.2%，英伟达、特斯拉跌超2%；闪 迪跌超4%，甲骨文跌超1%。 | 名称 | 现价 | 涨跌 | 涨跌幅 ▲ | 年初至今 | | --- | --- | --- | --- | --- | | 特斯拉(TESLA) | 462.790 | -12.400 | -2.61% | 14.60% | | 英伟达(NVIDIA) | 186.465 | -4.065 | -2.13% | 38.89% | | 脸书(META PLATFORMS) | 657.990 | -5.300 | -0.80% | 12.73% | | 谷歌(ALPHABET)-C | 313.590 | -1.370 | -0.43% | 65.31% | | 亚马逊(AMAZON) | 232.280 | -0.240 | -0.10% | 5.88% ...

格隆汇12月29日丨中国石油股份(00857.HK)公告，于2025年12月29日，公司收到中国石油集团的通知， 中国石油集团通过上海证券交易所交易系统以集中竞价方式增持公司3000万股A股股份，中国石油集团 之全资附属公司Fairy King Investments Ltd.通过香港联合交易所有限公司系统场内交易方式增持公司 1189.6万股H股股份(「本轮首次增持」)。 ...

据交易所数据显示，截至12月29日收盘，大盘主力资金净流出718.28亿元。主力资金流入前十大板块分别为： 银行（11.14亿元）、 石油行业（8.88亿 元）、 多元金融（8.77亿元）、化纤行业（6.51亿元）、 风电设备（6.08亿元）、 软件开发（4.99亿元）、工程咨询服务（3.80亿元）、 工程机械（2.19亿 元）、电子元件（1.95亿元）、水泥 建材（0.99亿元）。 | | 板块名称 涨跌幅(%) 板块资金流向 | | 净流入最大 | | --- | --- | --- | --- | | 银行 | 0.53 | 11.14亿元 | 兴业银行 | | 石油行业 | 2.14 | 8.88亿元 | 史史酒日 | | 多元金融 | 2.06 | 8.77亿元 | 翠微股份 | | 化纤行业 | 2.93 | 6.51亿元 | 吉林化纤 | | 风电设备 | 1.02 | 6.08亿元 | 金风科技 | | 软件开发 | -0.28 | 4.99亿元 | 拓维信息 | | 工程咨询服 | 1.1 1 | 3.80亿元 | 华建集团 | | --- | --- | --- | --- | | 务 | ...

下周看点颇多，新年即将到来，美联储将发布12月会议纪要，外界将关注有关未来政策路径讨论的细 节。随着贵金属周五全线爆发，本轮行情能走多远受到越来越多关注。美国总统特朗普与乌克兰总统泽 连斯基将进行会晤，俄乌局势能否迎来关键转折点或成为短期内油价走势的关键。 欧洲三大股指走高，英国富时100指数周涨0.99%，德国DAX 30指数周涨1.09%，法国CAC 40指数周涨 1.22%。 本周国际市场风云变幻，贵金属市场迎来井喷。美股全线上涨，道指周涨1.20%，纳指周涨1.22%，标 普500指数周涨1.40%。 国际油价结束连续两周下跌，外界关注地缘政治因素。WTI原油近月合约周涨0.39%，报56.74美元/ 桶，布伦特原油近月合约周涨0.28%，报60.64美元/桶。 尽管近期的供应中断推动油价从12月16日的近五年低点反弹，但当前油价仍大概率录得2020年以来最大 年度跌幅。受原油产量攀升引发市场对明年供应过剩的担忧影响，布伦特原油与西得克萨斯中质原油今 年以来的跌幅已分别达到18%和20%。Aegis Hedging宙斯盾对冲基金在周五发布的报告中表示："地缘 政治溢价虽为油价提供了短期支撑，但并未从根 ...

截至2025年12月25日收盘，泰山石油(000554)报收于6.48元，下跌0.31%，换手率1.78%，成交量6.46万 手，成交额4183.59万元。 大宗交易 12月25日泰山石油现702万元大宗交易。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 来自交易信息汇总：12月25日主力资金净流出5.34万元，游资资金净流入146.84万元，散户资金净 流出141.5万元。 来自交易信息汇总：12月25日泰山石油发生702万元大宗交易。 当日关注点 交易信息汇总资金流向 12月25日主力资金净流出5.34万元；游资资金净流入146.84万元；散户资金净流出141.5万元。 ...

此外，根据中非国家银行专家分析，截至2025年8月底，刚果（布）银行发放的未偿贷款总额增长 27.9%，达18164亿中非法郎；不良贷款增长15.7%，达到2648亿中非法郎。市场活动中，需求增长 4.7%，未偿贷款增长12.1%，达26593亿中非法郎。 《中部非洲通讯社》报道，12月8日，刚果（布）国家经济金融委员会（CNEF）（中非国家银行 内部机构）在布拉柴维尔举行了本年度最后一次工作会议，会议由财政部长克里斯蒂安·约卡主持，旨 在分析中非经济共同体国家的宏观经济形势并进行合理预测。 会议指出，由于石油行业持续加大投资以及非石油行业的强劲表现，刚2025年第三季度的经济发展 状况良好。基于此，CNEF预计刚经济发展态势将继续向好，2025年实际GDP增长率将达到2.8%，高于 2024年的1.5%。价格方面，由于某些食品价格上涨和电力供应中断情况，预计通胀率将保持在3.0%左 右（接近共同体平均水平），低于2024年的3.1%。 （原标题：刚果（布）2025年第三季度经济发展良好） 在中非经济共同体地区层面，经济发展综合指数同比增长6.7%，其中三季度为8.0%，去年同期为 9.3%。截至2025年9 ...

Core Viewpoint - The Trump administration's decision to halt the Corporate Average Fuel Economy (CAFE) standards marks a significant shift in U.S. automotive regulation, impacting energy, environmental, and industrial policies [1]. Group 1: Policy Changes - The new regulations set the fuel efficiency target for 2031 vehicles at 34.5 miles per gallon (mpg), a substantial decrease of 31.5% from the previous target of 50.4 mpg [4]. - The elimination of the CAFE standards means automakers will no longer need to invest heavily in research and development to meet stringent fuel efficiency requirements, allowing them to focus on producing more profitable traditional fuel vehicles and larger models [5]. Group 2: Economic Implications - The policy change is expected to save consumers at least $1,000 when purchasing new vehicles, with potential for even greater savings [3]. - Under the Trump administration, $700 billion has been invested in the U.S. automotive industry, with significant investments announced by major automakers such as Ford and Stellantis [3]. Group 3: Industry Reactions - The automotive industry has largely welcomed the decision, with industry leaders stating that the previous CAFE standards were unrealistic and burdensome [5]. - The oil industry has expressed optimism that higher fuel consumption vehicles will boost gasoline demand and support traditional energy sectors [6]. Group 4: Environmental Concerns - The cessation of CAFE standards is anticipated to lead to stagnation or regression in vehicle fuel efficiency, resulting in increased fuel costs for consumers [6]. - Critics argue that the rollback of these standards could hinder technological advancements in the automotive sector, which have historically been driven by the need to meet fuel efficiency regulations [6].

证券日报网讯12月22日，泰山石油（000554）在互动平台回答投资者提问时表示，截至2025年12月19日 登记在册的公司股东户数合计40260户。 ...

20世纪50年代，美国的贸易政策表面上看似平静无波，表面上该开放的开放，该签的协议签，实际上已 经悄然发生了变化。几年前，美国还在大力提倡自由贸易，但随后就开始悄悄地在国内产业上设置壁 垒，这种无声的转型并非偶然，而是背后利益重新洗牌的结果。 当时的美国政坛，光从贸易政策上看，很难分清谁是民主党，谁是共和党。原本以为两党会像过去那样 为关税问题争论不休，然而在1948年共和党控制了国会之后，竟然没有废除民主党提出的《互惠贸易协 定法案》，反而还给了延长授权。后来，艾森豪威尔作为共和党总统上台后，1953年继续延续了这一做 法，而1954年即便国会依旧由共和党占优，依然给予了延期。这在以前简直无法想象，因为共和党一直 以保护主义者自居，而民主党则是低关税的代表。然而，这一变化的根源，其实与美国南部的经济转型 密切相关。 到1947年，美国四分之三的纺织品都是南部生产的，南部的民主党议员曾是自由贸易的坚定支持者，但 现在为了自己的纺织产业，他们开始转向与共和党中的保护主义者合作。1955年，当国会再次批准《互 惠贸易协定法案》延期时，还加入了危险点条款和例外条款，规定如果进口威胁到国内产业，政府可以 暂停相关进口 ...

1. Macroeconomic Data Overview - GDP in Q3 2025 grew by 4.8% year-on-year, down from 5.2% in the previous quarter but up from 4.6% in the same period last year [1] - In November 2025, the Manufacturing PMI was 49.2%, slightly up from 49.0% in the previous month but down from 50.3% in the same period last year; the Non-Manufacturing PMI: Business Activity was 49.5%, down from 50.1% in the previous month and 50.0% in the same period last year [1] - In October 2025, the monthly increase in social financing scale was 816.1 billion yuan, significantly lower than 3529.9 billion yuan in the previous month but higher than 1412.0 billion yuan in the same period last year [1] - In November 2025, CPI increased by 0.7% year-on-year, up from 0.2% in the previous month and the same period last year; PPI decreased by 2.2% year-on-year, down from -2.1% in the previous month but up from -2.5% in the same period last year [1] - In November 2025, exports increased by 5.9% year-on-year, turning positive from -1.1% in the previous month but slightly down from 6.58% in the same period last year; imports increased by 1.9% year-on-year, up from 1.0% in the previous month and turning positive from -4.03% in the same period last year [1] 2. Commodity Investment Reference 2.1 Comprehensive - The Central Economic Work Conference emphasized continuing proactive fiscal and moderately loose monetary policies, with 8 key tasks including promoting investment recovery, developing new energy, and stabilizing the real estate market [2] - High-frequency data in November showed positive trends in consumption, investment, and foreign trade, with offline consumption index up 12.0% year-on-year, infrastructure project中标金额 and construction machinery operating rate increasing, and international freight flights up 6.2 percentage points from October [2] - In the first 11 months, China's total goods import and export value increased by 3.6% year-on-year, with private enterprises' imports and exports reaching 23.52 trillion yuan, up 7.1% year-on-year, and the number of private enterprises with import and export records increasing by 66,000 [3] 2.2 Metals - The aluminum industry chain prices are diverging, with alumina prices halved from a year ago while electrolytic aluminum prices are rising, leading to improved profitability for electrolytic aluminum enterprises and potential losses for some alumina enterprises [4] - As of December 11, 2025, the international silver futures price on the COMEX had increased by 113.3% since the beginning of the year, reaching $62.5 per ounce [4] - Goldman Sachs believes there is room to raise the gold price forecast to $4900 per ounce by the end of 2026 if US private investors increase their investment in gold ETFs [5] 2.3 Energy and Chemicals - Jilin Province plans to develop future industries such as artificial intelligence, hydrogen energy, and new energy storage [8] - Citibank revised its oil price forecast, expecting Brent crude oil prices to remain stable in 2026, with an average price of $62 per barrel in the base scenario and potentially reaching $75 per barrel in an optimistic scenario [8] - OPEC maintained its global oil demand growth forecast at 1.3 million barrels per day in 2025 and 1.38 million barrels per day in 2026 [9] 2.4 Agricultural Products - Malaysia's palm oil inventory is expected to continue rising in December, potentially exceeding 3 million tons if exports remain weak, and its 2025 production is expected to exceed 20 million tons for the first time [11] - Argentina reduced the export tax rate for soybeans from 26% to 24% and for wheat and barley from 9.5% to 7.5% [11] - Brazil has been authorized to export beef and beef products to Guatemala [12] 3. Financial News Compilation 3.1 Open Market - On December 11, the central bank conducted 118.6 billion yuan of 7-day reverse repurchase operations, with a net withdrawal of 62.2 billion yuan as 180.8 billion yuan of reverse repurchases matured [14] 3.2 Key News - The Central Economic Work Conference set the tone for next year's economic work, emphasizing proactive fiscal and moderately loose monetary policies, and outlined 8 key tasks [15] - The Ministry of Commerce will issue opinions to promote the innovation and development of the retail industry [15] - In November, China's automobile production and sales reached 3.532 million and 3.429 million vehicles respectively, with year-on-year growth of 2.8% and 3.4%, and new energy vehicle production and sales reached 1.88 million and 1.823 million vehicles respectively, with year-on-year growth of 20% and 20.6% [16] 3.3 Bond Market Summary - China's bond market continued to perform well, with most interest rate bond yields declining, and treasury bond futures rising [19] - In the exchange bond market, Vanke bonds generally adjusted downward, while some other bonds such as "25 TeGuo 03" rose [20] - Most money market interest rates declined on December 11 [21] 3.4 Foreign Exchange Market - The onshore RMB against the US dollar closed at 7.058 on December 11, up 58 points from the previous trading day, and the central parity rate of the RMB against the US dollar was 7.0686, up 67 points [24] 3.5 Research Report Highlights - CITIC Construction Investment believes that the Central Economic Work Conference provided clear policy directions, including more proactive fiscal and moderately loose monetary policies, and emphasized new industries and anti-competition [25] - CITIC Securities expects the fiscal budget deficit rate to remain at around 4% in 2026, with a slight increase in the scale of special treasury bonds and local special bonds, and there may be a 10bps interest rate cut in the first half of the year [25][26] - Huatai Fixed Income believes that the November inflation data has some impact on the bond market, but the bond market's counterattack logic remains unchanged, and it is recommended to hold short-term credit bonds, certificates of deposit, and interest rate bonds with maturities of 5 - 7 years or less [26] 4. Stock Market News - The A-share market declined, with the Shanghai Composite Index down 0.7%, the Shenzhen Component Index down 1.27%, and the ChiNext Index down 1.41%, while the BeiZheng 50 Index rose 3.84% [29] - The Hong Kong stock market opened higher but closed lower, with the Hang Seng Index down 0.04%, the Hang Seng Tech Index down 0.83%, and the Hang Seng China Enterprises Index down 0.23% [29]