| 序号 | 板块 | 涨跌幅(%)▼ | | 总成交量(万手) ▼ 总成交额(亿元) ▼ | 净流入 (亿元) ▼ | 上涨家数 | 下跌家数 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 互联网电商 | 7.42 | 654.50 | 86.91 | 10.11 | 18 | 0 | | 2 | 软件开发 | 6.34 | 4403.30 | 1250.93 | 143.73 | 135 | 3 | | 3 | II服务 | 6.13 | 5857.79 | 1090.62 | 88.81 | 124 | 3 | | 4 | 文化传媒 | 6.06 | 6188.27 | 997.92 | 39.62 | 82 | 1 | | 5 | 通信服务 | 4.64 | 1538.99 | 297.71 | 30.63 | 42 | 3 | | 6 | 通信设备 | 4.29 | 2547.31 | 1078.71 | 40.45 | 83 | 6 | | 7 | 计算机设备 | 4.03 | 1609.29 | 380.32 | 49.78 ...

截至午盘，上证指数涨1.2%，深证成指涨1.98%，创业板指涨2.24%，北证50涨2.96%。全市场成交额 22459亿元，较上日成交额缩量2224亿元。板块题材上，医疗服务、AI应用、互联网金融板块活跃，银 行板块调整。盘面上，医疗服务板块走强，诺思格、普蕊斯、泓博医药涨超20%，美年健康涨停封板。 AI应用板块持续走强，三维天地、值得买、卓易信息等数只个股20CM涨停，省广集团、新华都等数十 只个股封板。互联网金融板块活跃，拉卡拉20CM涨停，赢时胜、银之杰等数只个股涨超10%。银行板 块调整，重庆银行、杭州银行跌超1%。 ...

Group 1 - Multiple U.S. Federal Reserve officials stated there is no urgent need for interest rate cuts based on the current economic situation [1][4] - Market expectations remain for the Fed to cut rates by a total of 50 basis points twice this year, leading to a rebound in the dollar index and a decline in international gold prices [1][12] - The Dow Jones fell by 0.80%, the S&P 500 dropped by 0.19%, and the Nasdaq decreased by 0.10% on the day following these statements [4] Group 2 - JPMorgan Chase reported better-than-expected earnings for Q4 of fiscal year 2025, but its investment banking revenue fell short of expectations, resulting in a stock price drop of over 4% [6] - Other major financial institutions also experienced declines, with Morgan Stanley down over 2%, and Goldman Sachs and Bank of America both falling over 1% [6] - Visa and Mastercard shares dropped nearly 4.5% and 3.8%, respectively, amid concerns over future profitability in the financial sector [6] Group 3 - In Europe, stock indices showed mixed results, influenced by geopolitical risks and the investigation into Fed Chair Powell, with the UK market slightly down by 0.03% and the French market down by 0.14% [9] - Oil prices rose significantly due to concerns over potential disruptions in Iranian oil production, with light crude oil futures closing at $61.15 per barrel, up 2.77% [11] - International gold prices faced downward pressure, closing at $4599.10 per ounce, a decrease of 0.34%, while silver prices increased by 1.47% to $86.338 per ounce [12]

Group 1 - The core viewpoint of the news is that the China Development Bank (CDB) plans to invest over 290 billion yuan to support the high-quality development of the Belt and Road Initiative by 2025 [1] - CDB will focus on key areas such as infrastructure, international industrial cooperation, trade, and financial collaboration, utilizing various financial products and services to support significant projects and smaller community initiatives [1] - CDB announced the establishment of a special loan of 30 billion yuan for the China-Europe Railway Express, aimed at supporting the construction of related infrastructure and operations [1] Group 2 - In 2025, CDB's subsidiary, the China-Africa Development Fund, will increase direct investment in promising projects in Africa, with an additional investment of 8.39 billion yuan, leading to a total of 20.39 billion yuan in domestic investment, both figures being historical highs [1] - CDB is also focusing on stabilizing foreign trade by establishing a special quota to support new foreign trade business models and increasing loan support for over 10,000 small and micro foreign trade enterprises [1] - The CDB's International Financial Division emphasizes leveraging comprehensive financial services to enhance traditional cooperation and expand into emerging areas, thereby better supporting the high-quality development of the Belt and Road Initiative [2]

美国12月CPI数据看似温和，实则是一个布满陷阱的"假动作"。据德意志银行和摩根士丹利最新研报显示，这份"利好"报告充满了不可持续的噪音 和统计扭曲。真正的考验是下周公布的PCE数据！ 据华尔街见闻文章，美国劳工统计局1月13日公布的数据显示，12月CPI同环比符合预期，核心CPI同比涨幅2.6%，为2021年3月以来最低水平，同 时低于预期2.7%；环比0.2%，低于预期0.3%。 虽然12月CPI看似为通胀降温提供了证据，但市场反应平淡，投资者尚未将此视为美联储加快降息的信号。1月14日，据追风交易台消息，德银和 大摩认为，关键原因在于：这一数据可能失真，而真正决定美联储政策路径的核心PCE通胀指标预计将大幅反弹。 德银分析师在研报中直言，12月CPI数据"充斥着扭曲和异常值"，部分降温是由于信息技术商品和无线电话服务出现异常大幅下跌，两者合计拉 低核心CPI约6个基点。剔除异常值的克利夫兰联储截尾均值CPI（Trimmed mean CPI）和中位数CPI分别为0.31%和0.28%，均强于核心CPI，显示 基础通胀压力实际上更为顽固。 大摩则在研报中警告，尽管核心CPI低于预期，但其对核心个人消费支出 ...

美国劳工部发布的2025年12月消费者价格指数（CPI）数据意外"爆冷"，核心CPI环比增速低于市场普遍预期，打破了此前对通胀反弹的 担忧，直接推动市场对美联储的降息预期升温。尽管整体通胀同比增速与前一月持平，但核心通胀的温和表现让市场重新评估美联储的 政策路径，叠加美联储内部本就存在的政策分歧，全球金融市场随之出现短期波动，后续降息节奏的不确定性仍未消散。 数据公布后，金融市场迅速做出反应，降息预期升温的信号显著。美股三大指数盘前直线拉升，但随后涨幅回落，最终道琼斯工业平均 指数下跌0.8%，纳斯达克综指微跌0.1%，标普500指数下跌0.19%。债券市场方面，美债收益率短期下行后趋于平稳，2年期美债收益率 小幅回落2个基点至3.53%，10年期美债收益率短暂下行后持平于4.17%。贵金属市场延续强势，现货白银首次站上88美元/盎司，年内累 计涨幅超23%；美元指数则收复前一日跌幅，推动美元兑日元汇率突破159。 市场对降息预期的定价明显调整，据CME"美联储观察"工具数据，交易员对4月降息的概率预期从数据公布前的38%升至42%，尽管6月 仍被视为最可能的首次降息时间，但降息节奏前移的预期已显现。当前市场 ...

截至2026年1月14日，美元指数报99.22，较前一交易日微涨0.03%，日内呈现窄幅震荡态势。具体来 看，今日开盘99.18，盘中最高触及99.25，最低下探99.16，波动幅度相对有限。昨日美元指数表现疲 软，收于98.862，跌幅0.27%，带动欧元对美元汇率升至1.1672，英镑对美元汇率上涨至1.3466。 美国激进的关税政策、创纪录的财政赤字以及对美联储独立性的质疑，动摇了市场对美元币值稳定的信 心。2025年现货黄金价格飙升逾70%，"弃美元、购黄金"的趋势在2026年持续，进一步反映了市场对美 元资产的疑虑。 多家主流机构对2026年美元走势持看空态度，彭博社调查显示美元指数或再下跌约3%。美联储政策转 向、全球利差收窄、增长动能转移及去美元化进程，构成美元下行的核心驱动力，全年汇率中枢大概率 较2025年下移。 美元仍存在多个扰动因素可能引发短期反弹，包括美国经济超预期韧性、通胀韧性带来的政策调整、非 美经济体紧缩力度受限等。美联储对2026年美国实际GDP增速预测已从1.8%上调至2.3%，AI产业繁荣 也可能持续吸引全球资本流入。 市场对美联储2026年宽松政策的预期持续发酵，花旗、摩 ...

Core Insights - The Trump administration and the Federal Reserve are injecting significant liquidity into the financial system, which investors perceive as having effects similar to quantitative easing (QE) despite official denials [1][2] - A series of policies, including a directive to purchase $200 billion in mortgage-backed securities (MBS) and the expansion of the Fed's balance sheet, are aimed at stimulating the economy ahead of the midterm elections [1][3] Group 1: Policy Actions - The Trump administration has ordered government-controlled mortgage giants Fannie Mae and Freddie Mac to purchase $200 billion in MBS to lower mortgage rates and stimulate housing demand [1][3] - The Federal Reserve has purchased $54.43 billion in short-term Treasury securities since December, with expectations of buying between $220 billion and $300 billion in the first year [2][3] - Regulatory relaxations, such as the GENIUS Act and reduced capital requirements for banks, are designed to create more credit space for major lending institutions [4] Group 2: Market Implications - The combination of MBS purchases and the Fed's balance sheet expansion creates a multi-faceted liquidity injection mechanism that may lead to increased cash flow into risk assets [5] - The influx of liquidity could push asset prices higher, even if valuations appear excessive, as investors may feel a "bottom support" in prices [6] - Concerns about inflation are rising, with M2 money supply growth currently over 4%, but experts suggest inflation risks may only become serious if growth reaches 6% to 8% [6]

当地时间1月13日，美国股市三大股指全线收跌，其中金融板块整体大跌，拖累美股市场整体表现。中概股亦普遍下跌，纳斯达克中国金龙指数跌 1.86%。 贵金属市场中，国际银价再创历史新高。 美股三大股指收跌 金融股大跌 当地时间1月13日，美国股市三大股指全线收跌，其中道琼斯工业指数跌0.8%，报49191.99点。标准普尔500指数跌0.19%，报6963.74点，纳斯达克指 数跌0.1%，报23709.87点。 航空股多数下跌，美国航空跌超4%，达美航空跌逾2%，西南航空跌超1%，美联航跌幅不足1%。 中概股普遍下跌 中概股普遍下跌，纳斯达克中国金龙指数跌1.86%。跌幅居前的中概股方面，脑再生跌超26%，文远知行跌逾10%，小马智行跌逾9%，老虎证券跌超 7%，高途集团、拼多多均跌超5%，迅雷、搜狐均跌近5%。涨幅居前的中概股方面，阿特斯太阳能(000591)涨逾8%，百济神州涨超5%，晶科能源、雾芯 科技均涨逾2%。 宏观消息面上，据央视新闻客户端报道，美国财政部表示，受支出创纪录及福利支付时间调整影响，美国政府2025年12月录得1450亿美元财政赤字， 同比增加67%，创下该月份历史新高。 | 日 周 ...

周三油价涨势暂歇，在连续四日上涨后小幅回落。委内瑞拉恢复原油出口缓解了部分供应压力，但伊朗 爆发的社会动荡引发市场对该国供应中断的担忧。美国总统特朗普周二呼吁伊朗民众持续抗议，并声称 援助即将到位，但未说明具体援助形式。花旗 银行分析师在报告中指出："伊朗抗议活动可能通过短期 供应损失，尤其是通过推高地缘政治风险溢价来收紧全球 石油平衡。"该行已将未来三个月布油价格预 期上调至每桶70美元。花旗分析师表示，目前抗议活动尚未蔓延至伊朗主要产油区，这限制了对实际供 应的影响。"当前风险主要偏向政治与 物流摩擦而非直接供应中断，使得对伊朗原油供应及出口流量的 影响相对可控。" ...