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宏观策略(黄金)
美国6月CPI远低于预期
金价反弹超过1%重回4000美金上方,美国6月CPI超预期走弱,市场加息预期下降,推动贵金属反弹,6月通胀降温主要受益于能源价格大幅下跌,7月又会反弹。

宏观策略(国债期货)
6月中国进出口增速超市场预期
央行买断式逆回购大幅净投放,午后债市情绪明显好转,不过税期资金利率也难以大幅下行,买断式逆回购放量对债市的利多影响比较有限。

宏观策略(外汇期货(美元指数))
沃什重申抗通胀和对央行改革决心
最新的美国6月通胀数据不及预期,核心CPI环比增速为0,很明显通胀压力放缓,美元指数回落。

黑色金属(动力煤)
7月14日北港市场动力煤价格暂稳运行
煤价企稳等待反弹。前期进口煤大量到港,且日耗增速始终负增长,港口煤炭库存较高,需求反弹后制约上方高度。

农产品(棉花)
AGRICOOP:印度棉种植面积为795.4万公顷
抛储政策落地,未公布抛储总量和截止日期。抛储前期对市场打压作用料有限,但随着抛储时间的持续,对市场施加的压力逐步增强。抛储有利于近远月价差走弱和内外价差收窄。

有色金属(铜)
北方铜业:预计2026年半年度净利润同比增长
宏观抑制较前期边际减弱,且基本面支撑阶段增强,预计铜价将震荡偏强运行,策略上建议由观望转逢低布局多单。

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上海东证期货有限公司

上海东证期货有限公司成立于2008年,是一家经中国证券监督管理委员会批准的经营期货业务的综合性公司。东证期货是东方证券股份有限公司全资子公司。公司主要从事商品期货经纪、金融期货经纪、期货交易咨询、资产管理、基金销售等业务,拥有上海期货交易所、大连商品交易所、郑州商品交易所、上海国际能源交易中心和广州期货交易所会员资格,是中国金融期货交易所全面结算会员。公司拥有东证润和资本管理有限公司,上海东祺投资管理有限公司和东证期货国际(新加坡)私人有限公司三家全资子公司。

自成立以来,东证期货秉承稳健经营、创新发展的宗旨,坚持以金融科技助力衍生品发展为主线,通过大数据、云计算、人工智能、区块链等金融科技手段打造研究和技术两大核心竞争力,坚持市场化、国际化、集团化发展方向,朝着建设一流衍生品服务商的目标继续前行。

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