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宏观策略(外汇期货(美元指数))
特朗普最新关税威胁后,欧盟推迟对美贸易协定投票
在对等关税失效后,特朗普政府新一轮的关税即将到来,市场面临较大不确定性,美元指数震荡。

宏观策略(股指期货)
特朗普政府将于2月24日停止征收IEEPA法案关税
春节假期关税扰动再度袭来,虽然IEEPA法案关税被认定违法,但特朗普政府随机发起对全球的15%关税。全球贸易格局仍存扰动。国内A股预计仍聚焦科技主线。

宏观策略(国债期货)
1月金融数据多数超市场预期
节后市场多空交织,主线尚不清晰,叠加做多债市赔率下降,预计国债以震荡为主。

黑色金属(螺纹钢/热轧卷板)
中钢协:2月上旬重点钢企粗钢日产194.6万吨
春节假期外围金属整体偏强,但铁矿价格震荡回落,市场分化依然明显。五大品种春节累库幅度较大,卷板库存接近去年峰值,预计短期钢价依然承压,但估值不高,关注下方支撑。

农产品(豆油/菜油/棕榈油)
SPPOMA:2月1-20日马棕产量环比下降22.2%
马棕2月1-20日减产幅度扩大,全球油脂假期期间走强

有色金属(铜)
BMO警示金属市场极端波动或拖累2026年矿业并购
宏观预期摇摆不定对铜价产生阶段冲击,基本面短期抑制需要进一步观察,预计短期盘面震荡筑底为主,策略上建议逢低布局中线多单。

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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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