周四，铜期货价格跌至每磅4.22美元左右，达到两周低点，因为对唐纳德·特朗普总统领导下的美国新关税的担忧引发了人们对全球贸易战的担忧，这可能会抑制对铜等关键资源的需求。本周早些时候，特朗普透露，他的团队正在考虑对中国征收10%的关税，该关税将于2月1日生效，此前曾威胁对墨西哥和加拿大征收25%的关税。美国总统还提到对欧盟征收关税，但没有进一步的细节。中国农历新年假期前的谨慎态度以及日本央行和美联储即将作出的利率决定进一步打压了市场情绪。尽管如此，仍有一些人乐观地认为中国将实施额外的刺激措施，官方媒体报道称，中国人民银行可能会在本月晚些时候降低银行存款准备金率。

Copper futures fell to around $4.22 per pound on Thursday, reaching a two-week low as concerns over new US tariffs under President Donald Trump sparked fears of a global trade war, which could dampen demand for key resources like copper. Earlier this week, Trump revealed that his team was considering a 10% tariff on China, set to take effect as soon as February 1, following earlier threats of 25% tariffs on Mexico and Canada. The US president also mentioned imposing tariffs on the EU, though without further details. Market sentiment was further weighed down by caution ahead of China’s Lunar New Year holiday and upcoming interest rate decisions from the Bank of Japan and the US Federal Reserve. Still, there remains some optimism that China will implement additional stimulus, with state media reporting that the People’s Bank of China may reduce the reserve requirement ratio for banks later this month.

2024年11月，沙特阿拉伯的贸易顺差从去年同期的303亿里亚尔缩减至169亿里亚尔，原因是出口下降，而进口增长速度加快。出口同比下降4.7%，至905亿沙特里亚尔，主要原因是石油出口下降12.3%，占出口总额的70.3%。中国仍然是沙特出口的最大目的地，占总量的14.9%，其次是日本（9.9%）和阿联酋（9.7%）。与此同时，进口额增长13.9%，达到737亿沙特里亚尔，主要原因是机械、电气设备和零部件的采购量增加（22.4%），占进口总额的28.1%，运输设备和零部件（22%）的采购量增长，占进口总量的14.2%。在主要供应商中，中国也占据了最大的进口份额，为27.3%，其次是美国（10.2%）和阿联酋（5.3%）。

Saudi Arabia’s trade surplus shrank to SAR 16.9 billion in November 2024 from SAR 30.3 billion in the same month last year, as exports dropped while imports rose at a faster pace. Exports fell by 4.7% year-on-year to SAR 90.5 billion, primarily due to a 12.3% decline in oil exports, which accounted for 70.3% of total exports. China remained the top destination for Saudi exports, comprising 14.9% of the total, followed by Japan (9.9%) and the UAE (9.7%). Meanwhile, imports climbed by 13.9% to SAR 73.7 billion, driven by increased purchases of machinery, electrical equipment & parts (22.4%), which constituted 28.1% of total imports, and transportation equipment & parts (22%), which represented 14.2% of total imports. Among the major suppliers, China also held the largest share of imports at 27.3%, followed by the US (10.2%), and the UAE (5.3%).

土耳其消费者信心指数：81（1月）对比之前的81.3。土耳其消费者信心指数：81（1月）对比之前的81.3

Turkey Consumer Confidence: 81 (January) vs previous 81.3.Turkey Consumer Confidence: 81 (January) vs previous 81.3

荷兰的消费者信心指数从上个月的-26降至2025年1月的-28，仍远低于其二十年来的平均水平-10。这是自2024年1月以来的最低水平，因为消费者对过去12个月（-57对12月的-54）和未来12个月的总体经济形势越来越悲观（-43对-37）。在过去的12个月里，对家庭状况的看法也变得更加消极（-13对-11），在接下来的12个月中变得悲观（-1对0）。与此同时，经济气候子指标变得更加负面（-50对-45），消费者的消费意愿降低（-14对-13），对大额购买时机的看法变得更加不利（-28对-27）。

The consumer confidence indicator in the Netherlands dropped to -28 in January 2025, down from -26 the previous month, and remained well below its twenty-year average of -10. This marked the weakest reading since January 2024, as consumers grew more pessimistic about the general economic situation, both for the past 12 months (-57 vs. -54 in December) and the next 12 months (-43 vs. -37). Views on household situations also became more negative for the past 12 months (-13 vs. -11), and turned pessimistic for the next 12 months (-1 vs. 0). At the same time, the economic climate sub-indicator became more negative (-50 vs. -45), consumers showed less willingness to spend (-14 vs. -13), and perceptions of the timing for large purchases grew more unfavorable (-28 vs. -27).