Dollar Bill Hyperinflation with Black Background
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宏观策略(美国股指期货)
美国12月CPI同比上涨2.7%符合预期
美国12月CPI符合预期,缓解市场通胀担忧,周期板块相对跑赢,指数高位震荡。

宏观策略(黄金)
美联储穆萨勒姆:通胀水平更接近3%而非2%
金价震荡收跌,鲍威尔被刑事诉讼以及地缘政治风险推动的上涨势头缓解,美国12月核心CPI略低于预期,但美联储萨勒姆的讲话表明短期降息意愿不高,金价回吐涨幅。

宏观策略(股指期货)
A股放量回调,止步17连阳
A股市场放量调整,前期热门的商业航天概念普跌,但创新药概念涨幅较大。近期股市热度较高,监管层面出手稳定市场,A股或有震荡,但中期上涨趋势仍在。

农产品(棉花)
USDA1月报告:美国及全球棉花期末库存下调
USDA1月报告下调25/26美及全球期末库存,但报告调整幅度不大,未改变美棉偏宽松、全球松平衡的供需格局,且市场更关注需求及新作种植意向,报告利多影响有限。

有色金属(锌)
1月12日【LME0-3锌】贴水40.9美元/吨
BM博弈前矿冶扰动正在逐步兑现,铜锌比、铝锌比交易或阶段性交易,锌价总体或维持高位震荡,近期需重点关注南美地区地缘冲突是否有蔓延可能。

能源化工(LLDPE)
中国PE社会样本仓库库存周数据统计(20260109)
最便宜可交割品已经反弹至6700元/吨,05合约估值从偏高转为正常,短期下跌的概率不大,尽管长期我们依然持偏空的观点,但目前建议观望。

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