Global financial markets chart overlay on a world map showing rising market trends and international trading activity.
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宏观策略(黄金)
美国2月CPI同比上涨2.4%
贵金属再度下跌,油价上涨引发通胀压力加大,市场对美联储的降息预期下降,对欧央行的加息预期上升,美债收益率上行施压市场整体风险偏好。美国2月CPI完全符合市场预期

宏观策略(外汇期货(美元指数))
特朗普称将动用战略石油储备以缓解油价冲击
最新的美国2月CPI完全符合预期,通胀压力小幅度下行,但是市场关注焦点在于未来通胀,美元指数进修上升。

宏观策略(股指期货)
中国发展高层论坛将于北京召开,探讨十五五发展机遇
A股震荡走强,霍尔木兹海峡通航受阻推升国际油价,为化工品成本提供支撑,化工股午后集体拉升。当前伊朗局势依然较为紧张,油价中枢难以快速下移。我们仍建议逢低做多。

黑色金属(铁矿石)
霍尔木兹海峡局势导致多艘中东铁矿石船改道中国
能源价格居高不下,预计短期矿价延续震荡市。根据当前油价推算,航运费成本中枢预计提高3-4美金,对应普氏价格有所抬升。预计矿价延续震荡,观望为主。

农产品(棉花)
2026年纺服出口1-2月实现17.6%高速增长
USDA 3月报告未对25/26美棉供需平衡表做出调整,但将全球棉花估产上调、消费微下调,致使全球期末库存和库销比上修,产需差扩大至52.6万吨,报告略偏空。

能源化工(原油)
两艘油轮在海湾地区遇袭
油价震荡上涨,海湾地区油轮遭遇袭击可能对未来恢复构成负面影响。

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