2022-06-14-建设银行-商品市场每日快讯_2页_692kb

Market Overview
The weekly commodity market review highlights a global context where economic policies and inflation data influence market trends. Overall performance showed mixed results, with an aggregate increase in the Construction Bank Commodity Index by 0.21%. Key events included Chinese fiscal reforms and increased funding for water infrastructure, alongside worsening US inflation expectations.

China Policies

• China's announcement of provincial fiscal体制改革 clarifies income allocation and encourages financial support for water construction projects, leveraging policies from banks like the Development Bank and commercial institutions.

US Economic Data

• The Federal Reserve's Bank of New York reported a rise in consumer inflation expectations to 6.6% for one year and 3.9% for three years, prompting potential aggressive rate hikes, which could further impact commodity markets.

Commodity Market Performance

• Metals sectors weakened significantly: black metals saw declines (e.g., steel down 2.13%), while base metals and base industrial metals dropped. Agriculture faced broad losses, with oilseeds and other products falling sharply. Precious metals showed strength, with gold up 1.68%. The overall index modestly rose, reflecting selective gains in gold.

Overall, the market demonstrates vulnerability to policy shifts and inflationary pressures, with metals struggling but gold benefiting from risk-averse positioning.