新华社北京2月2日电 综述|多重因素共振 全球市场遭遇"黑色星期一" 新华社记者杜静 受美联储货币政策预期转"鹰"、技术性调整压力、贵金属市场震荡外溢效应和市场担忧科技股估值过高 等因素影响，全球市场2日遭遇"黑色星期一"。贵金属市场经历"过山车"行情，原油市场大幅下跌，部 分股市显著下挫甚至触发"临时停牌"。 纽约斯巴达资本证券公司首席市场经济学家彼得·卡尔迪洛表示，沃什以前被认为是货币政策鹰派，但 最近他似乎已与特朗普保持一致，未来其政策是否会受到白宫的影响受到投资者关注，这种不确定性正 加剧市场波动。（完） 责任编辑：刘万里 SF014 国际市场贵金属价格2日开盘后大幅跳水。纽约商品交易所黄金期货价格盘中一度跌至每盎司4423.2美 元，较前一交易日收盘价下跌超6%；白银期货价格盘中一度跌至每盎司71.2美元，下跌超9%。现货市 场同样惨淡，伦敦现货黄金价格盘中一度跌至每盎司4402.06美元，跌幅超10%；白银价格盘中一度跌 至每盎司71.312美元，跌幅超16%。此后，金价银价有所反弹。 国际黄金和白银价格近期刷新历史高点后出现剧烈波动。与1月29日创下的历史最高点相比，2日白银价 格盘中低点的累计 ...

全球金融市场遭遇"黑色星期一"，大宗资产价格上演史诗级暴跌。 继上周五暴跌后，今日贵金属继续重挫。其中，现货白银一度抹去今年迄今全部涨幅，盘中一度暴跌超15%，黄金暴跌近10%。此外，国内多个期货品种 跌停。 广期所处理两起违规交易行为 上期所处理3起违规交易行为并提示风险 上期所发布的3份公告如下： 2025年8月12日，张某运账户与王某克账户在铝合金期权合约上，存在实施事先约定的相互交易、转移资金的行为。上述行为已构成《上海期货交易所违 规处理办法》第三十二条第一款第三项规定的违规行为，依据该办法第三十二条，交易所决定给予张某运、王某克通报批评处分。责令改正，给予张某 运、王某克自收到违规处理决定书次日起暂停开仓交易2个月的处分。 2025年8月22日至2025年9月5日，刘某军操纵自己账户与吴某宇账户在氧化铝、天然橡胶期权合约上存在实施事先约定的相互交易、转移资金，扰乱市场 秩序的行为。上述行为已构成《上海期货交易所违规处理办法》第三十二条第一款第三项规定的违规行为，依据该办法第三十二条，交易所决定给予刘某 军通报批评处分。责令改正，给予刘某军自收到违规处理决定书次日起暂停开仓交易2个月的处分。 202 ...

今年以来全球大类资产呈现显著分化态势，股票市场整体波动率维持低位，而贵金属、外汇及大宗商品 市场波动加剧，芝加哥期权交易所波动率指数（VIX）未能充分反映当前宏观层面的风险信号，市场恐 慌情绪从股市转向大宗商品与汇率赛道。 相关美联储主席提名落地后，金属价格出现下跌，但市场波动率仍维持高位。Susquehanna International Group衍生品市场情报联席主管Chris Murphy表示："这一提名决定并未指向会催生市场过热的政策转 向，而此前市场对黄金的过热炒作正是贵金属遭到抛售的核心原因。如果你问我，黄金每天飙升更可 怕，还是在大幅上涨后进入盘整阶段更可怕，就实际风险而言，我认为黄金每天飙升更可怕。" 当前市场资金在黄金与股票间的配置关系出现变化，部分基金通过期权工具押注两者相关性变动，此前 黄金与股票相关性长期维持在零附近，当前已出现小幅上升。汇率市场成为资金押注波动放大的重要赛 道，美元兑日元隐含波动率出现显著上行，短期汇率波动幅度超过4%。 市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 今年以来，金价受相关政策支撑持续走高，即便经 ...

每经AI快讯，泰铢连续第四天下跌，国内股市下跌。美元/泰铢上涨0.2%至31.6410，有望创下2026年1 月2日以来的最高收盘水平。泰国SET指数下跌0.7%至1,316.30，势创2026年1月12日来最大跌幅。 ...

Group 1 - The recent appointment of a new Federal Reserve chairman, who favors "interest rate cuts and balance sheet reduction," has triggered significant market volatility, particularly in precious metals [3] - Gold experienced a dramatic drop of 8% in one day, with intraday losses reaching 12%, while silver fell by 26%, with a maximum intraday decline of 35% [3] - The stock market did not exhibit the typical "risk-off" behavior, as both precious metals and the Nasdaq index declined simultaneously, with the Nasdaq dropping by 1% [3] Group 2 - The new chairman's hawkish stance may lead to a perception of tighter liquidity in the U.S. financial markets, contrary to previous expectations of abundant liquidity [3] - There is concern about the potential spillover effects of this market turmoil on other asset classes and the domestic market in China [3] - The article suggests that the U.S. stock market may face greater pressure moving forward due to these developments [5]

Group 1: Precious Metals - Gold and silver prices have significantly declined, with gold dropping over 7% to below $5000 and silver falling over 15% to below $100 [1] - Current prices for precious metals include London gold at $4994.769 (-7.11% YTD) and London silver at $98.344 (-15.12% YTD) [2] - Domestic futures for gold and silver also saw declines, with SHFE gold at 1132.52 CNY (-5.38% YTD) and SHFE silver at 25780 CNY (-13.83% YTD) [2] Group 2: U.S. Stock Market - Major U.S. stock indices experienced collective declines, with the Dow Jones down 0.36%, Nasdaq down 0.50%, and S&P 500 down 0.39% [3] - Specific sectors such as cruise lines, solar energy, and lithium battery stocks faced the largest drops, with the cruise index down 5.20% and the solar index down 4.62% [4] - The Nasdaq China Golden Dragon Index fell over 1%, indicating a broad decline in Chinese concept stocks [2] Group 3: Federal Reserve Leadership - President Trump nominated Kevin Walsh, a former Fed governor, as the next Federal Reserve Chair, raising concerns about monetary policy direction and Fed independence [4] - Walsh is known for his hawkish stance during his tenure but has shifted to support Trump's tariff policies and a quicker rate cut approach [4] - Market expectations for interest rate cuts by the Fed are projected to be between 50 to 100 basis points over the next year [4]

来源：金十数据 根据巴西B3交易所的数据，从年初至1月23日，外国投资者净买入巴西股票的总额达177亿雷亚尔（约 合33亿美元），已超过2025年全年总额的一半。南非股票则受益于大宗商品价格高企。矿业巨头Impala Platinum的股价自去年底以来上涨近40%。随着黄金及其他贵金属持续创下新高，投资者正买入股票以 期获取收益增长。 1月30日，据日经新闻，由于全球投资者对美国的政策不确定性及美元走弱感到警惕，巴西和南非等新 兴股票市场正获得提振。这种将资产配置从依赖华尔街股票向多元化转移的趋势，已延伸至黄金及其他 贵金属之外。新兴市场股票的上涨尤为显著，2025年，MSCI新兴市场指数五年来首次跑赢MSCI发达市 场指数。拉丁美洲、中东、非洲和东欧的主要股票指数也纷纷创下新高。 ...

Cryptocurrency Market - In 2022, cryptocurrency prices struggled due to rising interest rates, but began to recover in 2023 and 2024 following the introduction of bitcoin ETFs [1] - By the end of 2025, cryptocurrency prices deteriorated while precious metals reached new highs [1] - The performance of major cryptocurrencies like bitcoin and ethereum has been volatile, with many coins failing to keep pace with the rise of precious metals [11][12] Stock Market Performance - Major stock indexes, including the S&P 500, experienced a downturn in 2022 but rebounded significantly in 2023, with a 24% increase [2] - The S&P 500 continued to rise by 23% in 2024 and ended 2025 with a 16% annual return after recovering from a downturn related to President Trump's tariffs [2] - The stock market outlook improved as investors gained clarity on the end of rising interest rates in 2023 [3] Interest Rate Impact - The Federal Reserve raised interest rates 11 times starting in 2022, which significantly affected various asset classes, including stocks, bonds, and cryptocurrencies [4][7] - Interest rates are a primary tool for the Fed to influence economic activity, with lower rates stimulating growth and higher rates slowing it down [5] - The Fed has cut interest rates six times since September 2024, indicating a shift in monetary policy [5] Labor Market and Economic Conditions - The labor market showed signs of slowing but may be at a turning point, with inflation decreasing from its 2025 peak [6] - Economic conditions remain uncertain as policymakers await new data before making further decisions [6] Commodities Market - Precious metals have shown strong performance, while oil prices fluctuated between $70 and $85 in 2024, dropping below $60 in 2025 due to economic concerns [10][14] - The performance of commodities has been mixed, with gold and silver reaching record highs while oil faced challenges [10][14]

Economic Overview - In 2025, China's GDP is projected to grow by 5% year-on-year, reaching 140.19 trillion yuan, with a fourth-quarter growth of 4.5% [1][19] - The industrial added value for large-scale industries is expected to increase by 5.9%, maintaining China's position as the world's largest manufacturing sector [1][19] - The service sector's added value is anticipated to grow by 5.4%, raising its share of GDP to 57.7% [1][19] - Retail sales of consumer goods are projected to grow by 3.7%, with final consumption contributing 52% to economic growth [1][19] - Fixed asset investment is expected to decline by 3.8%, with real estate development investment decreasing by 17.2% [1][19] - By the end of 2025, the national population is estimated to be 1.40489 billion, with a net decrease of 3.39 million people [1][19] Monetary Policy - The one-year Loan Prime Rate (LPR) is set at 3.00%, and the five-year LPR is at 3.50%, both unchanged from the previous month [1][19] - This marks the eighth consecutive month of stability in LPR rates following a reduction of 10 basis points in May 2025 [1][19] Market Performance Futures Market - ICE Brent crude oil rose by 2.94% to $65.44, while COMEX gold increased by 8.44% to $4,983.1 [21][22] - The U.S. dollar index fell by 186.38 basis points, leading to a significant appreciation of the Chinese yuan by 187 basis points [22] Stock Market - The Shanghai Composite Index decreased by 1.54%, while the ChiNext Index fell by 0.34% [23][24] - The CSI 500 Index saw an increase of 4.34%, indicating a strong sentiment in the domestic market [24] Bond Market - Short-term credit bonds saw an increase, while long-term bonds experienced a decline, with the 10-year national development bond dropping by 4 basis points [29] - The overall bond rates are expected to fluctuate downwards due to significant net injections from MLF operations amid weakening economic data [29] International Relations - The Greenland crisis has seen a turnaround, with U.S. President Trump announcing a framework agreement with NATO Secretary General Jens Stoltenberg, which could benefit the U.S. and NATO members [2][20] - The announcement led to a rise in U.S. stock indices, with all three major indices increasing by over 1% [20] Investment Outlook - The recent economic data indicates a potential rebound in China's economy, supported by relaxed real estate policies and increased birth subsidies [32] - The ongoing geopolitical tensions, particularly regarding Greenland, may impact asset prices and macroeconomic conditions [32]

Market Overview and Analysis - The issuance scale of government bonds, local bonds, and policy financial bonds in the primary market last week was 515 billion, 231.6 billion, and 187.5 billion respectively, with net financing amounts of 344.3 billion, 203.2 billion, and 187.5 billion [1][8] - The total issuance scale of non-financial credit bonds was 322.6 billion, with a net financing amount of 151.9 billion. Two new convertible bonds were issued, with an expected financing scale of 2.9 billion [1][8] Secondary Market Review - Interest rates generally declined last week, with long-term bonds and public bonds performing well. Key influencing factors included strong bond allocation demand, increased central bank injections, and stock market fluctuations [2][9] Liquidity Tracking - The net injection in the open market last week was 229.5 billion, with the central bank conducting an excess of 700 billion in MLF, and 150 billion in treasury cash deposits maturing, indicating a relaxed funding environment [3][10] Policy and Fundamentals - The Ministry of Finance stated that the overall fiscal expenditure in 2026 will "only increase, not decrease." The central bank indicated that there is still room for rate cuts and reserve requirement ratio reductions this year. The actual GDP growth for Q4 2025 is projected at 4.5%, with an annual growth of 5% [4][11] Overseas Market - Disputes arose between the US and Europe over Greenland, coupled with Japan's government preparing for fiscal expansion by dissolving the House of Representatives. US and Japanese long-term bond yields rose significantly, while the dollar index fell by 1.9% over the week, and precious metals surged [5][12] Equity Market - The A-share market continued to rise last week, with the total A-share index increasing by 1.81%. The CSI 500 saw a significant rise of 4.34%, while the CSI 300 and SSE 50 fell by 0.62% and 1.54% respectively. The construction, chemical, and real estate sectors led the gains, while communication and banking sectors lagged [6][13] Bond Market Strategy Outlook - The recent recovery in the bond market is essentially a correction of previous overly pessimistic sentiments. However, the urgency for total easing policies remains to be observed as structural policies are gradually implemented. The continuous rise in commodity prices makes short-term inflation expectations difficult to dismiss [7][14] - Attention should be paid to policy signals released during local two sessions and the demand for allocation following the increase in local bond issuance next week. The overall outlook on whether the interest rate center can break downward still requires more confirmation signals [7][14]