Shopping trolly with stack of gold coins. Inflation concept
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宏观策略(股指期货)
1月CPI同比涨0.2%,PPI同比降1.4%
1月份通胀数据显示物价持续修复,虽然CPI同比回落,但核心CPI保持韧性,同时PPI也受输入性因素与需求修复而呈现明显改善。做多通胀的逻辑初步加强,IC占优。

宏观策略(黄金)
上期所调整白银品种套保持仓额度自动转化标准
金价震荡收涨,美国1月非农就业报告全面好于市场预期,就业市场止跌企稳,但持续性还需观察,市场降息预期已经推迟至7月,短期市场缺乏增量刺激。

宏观策略(美国股指期货)
美国1月非农新增就业13万人
非农表现超预期,降息预期再度推迟,美国三大股指高开低走,维持震荡。

农产品(棉花)
USDA2月报告上修25/26全球及美国棉花期末库存
USDA2月报告上调25/26美棉及全球棉花期末库存和库销比,影响中性偏空,市场关注点正转向下年度种植面积及供需预估。关注后续NCC面积预估及农业展望论坛的指引

有色金属(碳酸锂)
车用固态电池第1部分国标拟于2026年7月发布
临近春节,资金或以避险为主,节后关注现货表现情况。

能源化工(原油)
OPEC月报:1月OPEC+产量下降44万桶/天
油价维持震荡偏强,OPEC月报显示1月产量下降。

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