On December 17, the global market showed a divergence pattern with a rebound in stock markets and a strengthening of commodities, as investors await key inflation data to provide guidance on policy.

· Overall performance: The Asia-Pacific stock market rose modestly, with the technology sector rebounding.

· Focus stocks: The domestic GPU company Mu Xi Integrated Circuit was listed, with an intraday price increase of up to 755%.

· Employment data: The unemployment rate in the U.S. rose to 4.6% in November, hitting a new high since 2021.

· Market expectations: The data did not change the market's short-term expectations for Federal Reserve policy. Institutional analysis suggests that if future data is weak, March 2026 may become a key window for interest rate cuts.

· Silver: London spot silver prices broke through $66 per ounce, reaching a historic high, with a significant increase this year.

· Platinum: Prices reached the highest level since 2008, with a cumulative increase of 105% this year.

· Crude oil: Prices rose by about 1.5% due to geopolitical tensions.

Summary: Currently, the market is led by precious metals, while the stock market's reaction is relatively mild. Everyone's attention is focused on the upcoming inflation data of # # # to assess the future policy path of the Federal Reserve.