钯 (Palladium) 加自选

每周焦点——重要欧元数据即将公布。本周，地缘政治再次主导了新闻流，但总体而言对市场的影响有限。美国与俄罗斯在沙特阿拉伯举行了和平谈判，将欧盟和乌克兰排除在谈判之外。

Weekly Focus – Important Euro Data Coming Up.Geopolitics dominated the news flow again this week but overall had limited market impact. The US held peace talks with Russia in Saudia Arabia leaving EU and Ukraine out of the talks.

标准普尔500指数期货微涨0.2%，纳斯达克100指数期货周五上涨0.5%，受阿里巴巴强劲盈利的支撑，这提振了人工智能行业的情绪。相比之下，道琼斯期货下跌约200点，受盘前交易中联合健康股价暴跌近12%的拖累。此前，《华尔街日报》援引知情人士的话说，司法部最近几个月对该公司的医疗保险计费做法展开了调查。与此同时，交易员们正在等待标普全球PMI预览，以了解本月私营部门的表现。本周，标准普尔500指数变化不大，纳斯达克指数下跌0.3%，道琼斯指数迄今下跌0.8%。

S&P 500 futures edged up 0.2%, while Nasdaq 100 futures gained 0.5% on Friday, supported by strong earnings from Alibaba, which boosted sentiment in the AI sector. In contrast, Dow Jones futures dropped around 200 points, weighed down by an almost 12% plunge in UnitedHealth shares in premarket trading. The decline came after The Wall Street Journal reported that the Justice Department has launched an investigation into the company’s Medicare billing practices in recent months, citing sources familiar with the matter. Meanwhile, traders are awaiting flash S&P Global PMIs for insights into private sector performance this month. For the week, the S&P 500 remains little changed, while the Nasdaq has lost 0.3%, and the Dow is down 0.8% so far.

塔林指数升至1930.00点的34个月高点。在过去的4周里，爱沙尼亚股市指数（塔林）上涨了5.09%，在过去的12个月里上涨了8.11%。

Tallinn increased to a 34-month high of 1930.00 Index Points. Over the past 4 weeks, Estonia Stock Market Index (Tallinn) gained 5.09%, and in the last 12 months, it increased 8.11%.

加元兑美元汇率徘徊在1.42左右，停止了从1月31日1.455的22年低点反弹，因为投资者正在筛选各种经济信号。1月份零售额下降0.4%，为七个月来首次下降，这表明在12月强劲增长后，消费者支出放缓，引发了对国内增长势头的担忧。此外，美国针对加拿大大部分出口产品的关税威胁的持续不确定性抑制了加元的需求前景。相反，强劲的通胀压力凸显了中国银行在平衡增长和控制价格方面的挑战，工业生产者价格飙升1.6%，原材料价格指数环比上涨3.7%，降低了加拿大银行进一步放松的预期。与此同时，在特朗普总统不那么激进的关税立场的推动下，美元普遍疲软，缓解了通胀担忧，并提振了对美联储可能降息的预期。

The Canadian dollar hovered around 1.42 per USD, halting its rebound from a 22-year low of 1.455 on January 31, as investors sifted through a mix of economic signals. A 0.4% decline in January retail sales, the first drop in seven months, suggested a slowdown in consumer spending following December's robust surge, raising concerns about domestic momentum. Additionally, ongoing uncertainty over U.S. tariff threats targeting a significant portion of Canadian exports, has dampened the loonie's demand outlook. Conversely, strong inflationary pressures highlighted the BoC's challenge in balancing growth and controlling prices, with industrial producer prices surging 1.6% and the Raw Materials Price Index jumping 3.7% month-over-month, reducing expectations for further Bank of Canada easing. Meanwhile, broad U.S. dollar weakness, fueled by President Trump’s less aggressive tariff stance, has alleviated inflation fears and bolstered expectations for potential Fed rate cuts.