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Express News | Trump confirmed that the US military will deploy a second aircraft carrier to the Middle East.
How does Wall Street view the January CPI? Concerns over inflation have temporarily eased, with the likelihood of three rate cuts this year rising to 50%.
As companies often raise prices at the beginning of the year, the CPI tends to rise in January. However, the growth rate of core CPI in January this year hit a near five-year low. Despite continued increases in housing prices and signs of tariff impacts on consumer goods such as clothing and computers, prices in politically sensitive categories like gasoline, beef, and eggs fell. Disinflationary pressures are expected to dominate in the coming months. Goldman Sachs believes that the Federal Reserve's path to 'normalization' through interest rate cuts depends on whether employment continues to improve. They still anticipate two rate cuts this year, with the first in June. Traders expect the CPI to peak by mid-year before retreating, consistent with expectations of the first rate cut in June or July.
In line with UBS Group and JPMorgan's bullish stance! ANZ Bank hails gold price pullback as an excellent entry opportunity: Q2 target price revised upward to $5,800.
ANZ Bank stated that this pullback in gold prices may attract new investment, with prices expected to reach USD 5,800 per ounce by the second quarter of 2026.
Wall Street Cues Damp Asia Stock Markets
Hong Kong Stock Market Close (February 13) | Hang Seng Index fell by 1.72%, shares in the non-ferrous metals sector declined across the board, while Hai Zhi Technology (02706) surged 263.64% on its debut.
On the last trading day of the Year of the Snake, Hong Kong stocks opened lower and continued to decline, with losses narrowing slightly in the afternoon. By the close, all three major indexes ended lower.
BOCI: Dual Drivers of Industry Trends and Financial Attributes Position the Nonferrous Metals Sector for a Potential Revaluation Opportunity
In terms of allocation, industrial metals and strategic minor metals serve as the spear, while precious metals act as the shield.