当地时间2026年1月12日，芝商所再度发布通知，调整其旗下贵金属期货合约的保证金收取方式。 据期货日报记者了解，本次调整将于1月13日收盘后生效，将改变黄金、白银、铂、钯合约的保证金设 定方式，由此前的按照固定金额收取保证金，改为按照合约名义价值的一定比例计算保证金。 这是芝商所在近1个月时间内第4次调整贵金属期货保证金。市场人士认为，这在一定程度上反映了芝商 所对贵金属市场风险的高度重视。 第一，促成期货市场波动性与流动性的再平衡，抑制极端投机，但不会消除由基本面驱动的波动，同时 可能增加日内波动，在价格快速变动时，交易者会预见保证金变化，可能加速平仓或开仓，流动性可能 向核心合约集中。 第二，让期货合约风险管理"自动化"与"透明化"，期货市场风险控制更多地内嵌于制度中，期货交易所 的调节作用更强。 第三，可能被市场解读为期货交易所认定贵金属价格高波动环境将长期化，而非暂时现象，从而影响多 头信心。 在王骏看来，1月12日的调整是一次结构性的大调整。前3次调整仅提高固定金额，调控力度不够，此次 调整直接引入比例保证金，将风险管理系统从"静态"升级为"动态"，期货保证金将随合约名义价值(即 实时价格)自动调 ...

12月25日，受圣诞节假期影响，全球多个主要金融市场与期货交易平台暂停交易。 声明：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。 本文源自：市场资讯 作者：观察君 美国股市今日休市一日。洲际交易所表示，旗下布伦特原油期货合约全天交易暂停。芝商所旗下包括贵 金属、美国原油、外汇及股指期货在内的多种合约交易也全天暂停。 在欧洲市场，德国、法国、英国、意大利及西班牙等多数主要股市因圣诞假期休市。此外，澳大利亚和 韩国的市场同样在今日休市。 ...

智通财经APP获悉，受美国圣诞节假期影响，12月24日(周三)，美国股市提前三小时休市;美国芝商所 (CME)旗下美债期货合约交易提前于北京时间25日03:30结束，CME旗下贵金属、能源、外汇期货合约 交易提前于北京时间25日02:45结束，股指期货合约交易提前于北京时间25日02:15结束。美国洲际交易 所(ICE)旗下布伦特原油期货合约交易提前于北京时间25日03:00结束。 12月25日(周四)，美股休市一日;美国芝商所(CME)旗下美债期货合约交易全天暂停，CME旗下贵金属、 美油、外汇、股指期货合约交易全天暂停。美国洲际交易所(ICE)旗下布伦特原油期货合约全天交易暂 停。 ...

12月25日（星期四）为美国圣诞节假期，美股休市一日。12 月 24 日（星期三）美股提前 3 小时，即于 北京时间25日2点收盘；12 月 25 日全天休市。 周三洲际交易所旗下布伦特原油期货合约交易提前于北京时间25日03：00结束。芝商所旗下贵金属、美 国原油、外汇期货合约交易提前于北京时间25日02：45结束，股指期货合约交易提前于北京时间25日 02：15结束。 圣诞节也称耶诞节，起初是基督徒庆祝耶稣基督降生的庆祝日，是欧美国家最重要的节日之一，现在在 其他很多国家也已成为公共假日。天主教、部分基督新教的圣诞节是每年12月25日，而基督教另一大分 支东正教的圣诞节则在每年1月7日。12月24日晚为圣诞夜，即圣诞前夕，中文亦称"平安夜"。 《圣经》上并未记载耶稣的诞生日期，圣诞节是由后人公定的。圣诞节习俗数量众多，涉及世俗、宗 教、国家等多个层面，国与国之间的差别很大。大部分人熟悉的圣诞习俗及活动，如圣诞树、圣诞卡、 圣诞火腿、圣诞柴及互赠礼物等，基本上都是基督教传教士从其他宗教吸收而来并发扬光大。 澳大利亚悉尼证券交易所提前于北京时间11：10收市。德国法兰克福证券交易所、意大利米兰证券交易 所圣诞 ...

Report Summary 1. Report Industry Investment Rating - No information provided in the reports. 2. Core Views - The reports present daily data on various financial products including stock index futures spreads, bond futures spreads, precious metals futures and spot prices, and container shipping industry indices. These data provide insights into market trends and price movements of different financial instruments. 3. Summary by Relevant Catalogs Stock Index Futures Spreads - **Price Differences**: On December 1, 2025, the IF spot - futures spread was -20.86, the IC spot - futures spread was -57.35, and the IM spot - futures spread was 73.41. There were also various inter - period spreads and cross - product ratios presented, such as the IC/IF ratio at 1.5478 [1]. Bond Futures Spreads - **IRR and Basis**: As of November 28, 2025, the IRR of some bonds had certain changes. For example, the TF basis was 1.5719, the T basis was 1.4880, and the TL basis was 1.8420. There were also inter - period spreads and cross - product spreads among different bond futures contracts [2]. Precious Metals Futures and Spot - **Price Changes**: On November 28, 2025, domestic futures prices of precious metals like AU2602 increased by 0.71% to 953.92 yuan/gram, AG2602 rose by 1.61% to 12727 yuan/kilogram. In the foreign market, COMEX gold increased by 1.44% to 4256.40 dollars/ounce. There were also data on spot prices, basis, and price ratios [3]. Container Shipping Industry - **Index Movements**: As of November 24, 2025, the SCFIS (European route) increased by 20.75% to 1639.37 points, while the SCFIS (US West route) decreased by 10.54% to 1107.85 points. There were also data on shipping rates, futures prices, and fundamental data such as global container shipping capacity supply and port - related indicators [5].

Group 1: US Dollar and Federal Reserve - The US dollar has been supported by safe-haven demand due to potential conflicts in the Middle East and the possibility of US involvement [1] - Federal Reserve Chairman Jerome Powell's cautious stance on inflation has reinforced the dollar's performance [1] - Goldman Sachs strategists expect the Fed to lower interest rates twice this year despite raising short-term inflation expectations [1] Group 2: UK Pound and Bank of England - The Bank of England maintained the benchmark interest rate at 4.25%, aligning with market expectations, with a 6-3 voting outcome [4] - The sentiment shifted from "the central bank will fight inflation" to "the rate cut window is opening" following the decision [5] - Market participants are closely monitoring labor market data and energy prices for future policy direction [6] Group 3: Japanese Yen and Government Bonds - The USD/JPY exchange rate showed an upward trend amid ongoing geopolitical concerns, with the dollar outperforming the yen [7] - Japan plans to reduce its government bond issuance by 500 billion yen for the fiscal year 2025/2026, adjusting the issuance of various bond maturities [7] Group 4: Swiss Franc and Swiss National Bank - The Swiss National Bank lowered interest rates by 25 basis points to 0%, marking the sixth rate cut since March 2024 [8] - The accompanying downward adjustment of inflation expectations and cautious outlook on the global economy significantly impacted the currency market [8]