玉米 (Corn) 加自选

初步估计显示，2025年1月，HCOB法国综合采购经理人指数微升至48.3，略高于12月的47.5，超过了市场预期的47.7。虽然该数据标志着该国私营部门连续第五个月出现收缩，但也表明了四个月来最温和的下降。1月份的疲软收缩是由制造业推动的（采购经理人指数为45.3，而12月为41.9），该行业经历了自2024年中期以来的最小产量下降。

The HCOB France Composite PMI edged up to 48.3 in January 2025, slightly higher than December’s 47.5 and exceeding market expectations of 47.7, preliminary estimates showed. While the data marked the fifth consecutive month of contraction in the country's private sector, it also pointed to the mildest decline in four months. The softer contraction in January was driven by the manufacturing sector (PMI at 45.3 vs 41.9 in December), which experienced its smallest drop in production since mid-2024.

初步估计显示，HCOB Flash法国制造业采购经理人指数从12月的41.9升至2024年1月的45.3，高于42.3的预测。最新数据是自去年6月以来最温和的收缩，但仍表明法国制造业仍存在严重收缩。由于国内和国际订单量下降，工业公司面临巨大压力。虽然投入价格仍然存在通货膨胀，但1月份的涨幅明显低于长期平均水平。相比之下，产出价格正在下降，反映出需求疲软。

The HCOB Flash France Manufacturing PMI rose to 45.3 in January 2024, up from 41.9 in December, and above forecasts of 42.3, preliminary estimates showed. The latest reading was the softest contraction since June last year, but still indicative that the French manufacturing sector remains deeply contractionary. Industrial companies are under significant pressure due to declining order volumes both domestically and internationally. While input prices remain inflationary, January's increase was notably below the long-term average. In contrast, output prices are falling, reflecting weak demand.

恒生指数周五飙升366点，涨幅1.9%，收于20066点，结束了两天的下跌。此前，美国总统特朗普与中国领导人Xi最近进行了“友好”对话，特朗普在对话中表示希望与中国达成贸易协议。该指数本周上涨2.5%，标志着在中国监管机构敦促保险公司和共同基金购买更多股票以刺激内地股市快速复苏后，该指数连续第二次上涨。周四标普500指数创纪录的收盘价也提振了市场情绪，特朗普预计利率会下降，因为美联储将于下周举行今年的首次会议。在将于周一公布的中国1月份官方采购经理人指数（PMI）数据公布之前，谨慎的态度限制了进一步的上涨。所有板块均上涨，科技、消费者和金融板块涨幅最大。单独来看，阳光光学科技上涨7.9%，紧随其后的是小米公司（6.5%）、商汤科技集团（6.3%）、半导体制造（5.5%）和比亚迪电子国际（5.4%）。

The Hang Seng soared 366 points or 1.9% to end at 20,066 on Friday, snapping a two-day losses. The rebound followed a "friendly" conversation recently between US President Trump and Chinese leader Xi Jinping, during which Trump expressed hopes for a trade deal with China. The index jumped by 2.5% for the week, marking its second straight rise after Chinese regulators urged insurers and mutual funds to buy more stocks to spur rapid recovery in mainland stocks. A record close on the S&P 500 Thursday also buoyed sentiment, with Trump expecting lower interest rates as the Fed will hold a meeting for the first time this year next week. Capping further rises were caution ahead of official PMI figures for January in China, set to be released Monday. All sectors gained, with tech, consumers, and financials among top movers. Individually, Sunny Optical Tech. jumped 7.9%, followed by Xiaomi Corp. (6.5%), SenseTime Group (6.3%), Semicon Manufacturing (5.5%), and BYD Electronic Intl. (5.4%).

德国恢复增长，欧元区PMI综合指数达到50.2。欧元区1月PMI数据显示谨慎改善，PMI综合指数从49.6升至50.2，为五个月来的最高点，预示着经济将恢复边际增长。制造业采购经理人指数上升至46.1，为八个月来的最高水平，而服务业采购经理人指标小幅下滑至51.4，但仍在扩张。

Eurozone PMI composite hits 50.2 as Germany returns to growth.Eurozone PMI data for January showed cautious improvement, with PMI Composite rising from 49.6 to 50.2, a five-month high, signaling a return to marginal growth. Manufacturing PMI increased to 46.1, its highest in eight months, while services PMI slipped slightly to 51.4 but remained in expansion.