沙特阿拉伯和埃及股市周日下跌，美伊战争对该地区金融市场的首波影响开始显现。 沙特证交所全股指数下跌2.2%，创下自4月以来的最大单日跌幅，抹去今年以来全部涨幅。若非权重股阿美石油上涨3.4%，该指数跌幅本会更大。 埃及证交所EGX30价格指数下跌2.5%，自2月中旬美伊战争预期升温以来，该指数迄今下跌超过8%。 阿曼和巴林的股市也走弱。科威特证券交易所已采取“预防性措施”暂停交易。以色列市场周日未开市，因为该市场近期已转向周一至周五交易的模式。 过去一个月，埃及一直是金融资产受地缘政治局势冲击最严重的国家之一。根据数据，埃及镑是上周全球表现最差的五种货币之一。周日，埃及镑兑美元汇率走弱至48.8左右，创2025年年中以来最低水平。 责任编辑：李肇孚

First Oil Tanker Hit In Strait Of Hormuz Oil and gas tanker traffic through the Strait of Hormuz, a critical maritime chokepoint , has seen disruptions as the U.S.-Israeli campaign, Operation Epic Fury , continues targeting Islamic Revolutionary Guard Corps command-and-control infrastructure across multiple Iranian cities; as of Sunday morning, only a limited number of tankers were observed exiting the Strait, while separate news reports indicate a sanctioned oil tanker was also attacked. On Sunday morning, Automatic Identification System (AIS) vessel-tracking data showed that tanker traffic through the most critical energy chokepoint in the world, which handles about 20% of global petroleum liquids consumption and roughly 27% of global seaborne oil trade, had slowed to a near standstill, with tankers in holding patterns on both sides of the Strait's entrance and exit. S&P Global Energy notes: Strait of Hormuz handles 20% of global oil supply Iran exported 1.3 mil b/d in Jan, mainly to China FACTBOX: Oil markets braced as Iran confirms death of Supreme Leader Khamenei https://t.co/jAdG2emkVR 🔹Iran exported 1.3 mil b/d in Jan, mainly to China 🔹Strait of Hormuz handles 20% of global oil supply pic.twitter.com/T9m55W3Nq7 — Oil by S&P Global Energy (@SPGEnergyOil) March 1, 2026 The big development in the Strait this morning was the attack on a tanker. All the evidence suggests that Iran attacked one of its own (very small) dark fleet oil tankers (which was under US Treasury sactions). It feels like a false flag operation. The tanker near Oman had been in the same area for ~10 days; she wasn't crossing the Strait of Hormuz. https://t.co/nLaiivp879 — Javier Blas (@JavierBlas) March 1, 2026 Oman's Maritime Security Centre revealed that the sanctioned tanker Skylight, flying the flag of the Republic of Palau, was targeted five nautical miles north of Khasab Port. ⚡️Clearer vid pic.twitter.com/kLtv0xV6DE — War Monitor (@WarMonitors) March 1, 2026 There are no confirmed repor...

Oil and cryptocurrencies could see increased trading volatility after the death of Iran’s supreme leader. 'Bloomberg This Weekend' hosts David Gura and Christina Ruffini speak with Bloomberg Intelligence analyst Mike McGlone. (Source: Bloomberg)

英国一家海事组织称，中东地区据报有两艘船只遭到袭击。这是自周末中东爆发战争以来首次发生的此类海上袭击，与此同时，霍尔木兹海峡的交通流量已大幅缩减。 英国海事贸易行动办公室（UKMTO）表示，其中一起事件发生在阿曼以北海域。阿曼海事安全局证实，“天光号”（Skylight）油轮在其北部海岸附近遇袭，这是一艘似乎受到美国制裁的小型船只。 2月22日，船舶跟踪数据显示，“天光号”出现在哈萨布港以北 作为海军与商船队之间联络机构的UKMTO随后表示，在阿曼马斯喀特以东约50英里处发生了第二起事件。该机构称，该船被不明物体击中，据报引发了火灾，目前火势已得到控制。第二艘船的名字尚未披露。 多艘船只在周六报告听到据称来自伊朗海军宣布禁止通过该水道的广播。德黑兰方面已经对美国船只发出了威胁，但尚未就该水道的状态发布正式公告或宣布将其关闭。 UKMTO在周日的另一份更新报告中表示，目前没有任何正式法律渠道传达过关于关闭霍尔木兹海峡的消息，仅靠无线电广播并不足以在法律上认定海峡已关闭。 “天光号”遇袭 其实有两艘船都命名为“天光号”，但只有一艘出现在阿曼海岸附近。该船去年因作为“伊朗石油出口的推动者”而受到美国制裁。 阿曼方面表示，该船的20名船员已撤离，其中4人受伤。目前尚不清楚是谁在阿曼海岸附近袭击了“天光号”。美国中央司令部暂未回应置评请求。 “天光号”本身规模较小，载重吨位仅11，000多吨。Equasis海事数据库显示，该船挂帕劳国旗。 责任编辑：李肇孚

Stockyme/iStock via Getty Images Leveraging over 50 years of gold investing leadership, we offer timely insight into why this precious metal remains essential in today's uncertain macroeconomic and geopolitical climate. Gold is one of the most vital metals in the world and a unique asset, with the ability to enhance portfolio diversification, act as a store of value, and hedge against systemic risk. VanEck has long been considered a leader in gold-related investments and has been managing gold funds since 1968, including the nation’s first open-ended gold equity mutual fund. As we look to the future of gold investment, understanding the evolving dynamics and fundamentals of this precious metal is crucial. This article will provide a recap of the current state of gold investing, some of VanEck’s gold market predictions, and the Firm’s general outlook for the metal in the coming years. Recent Trends in Gold Investing In 2024, gold prices soared to record highs. In 2025, gold has continued its strong performance and moved above $3,000. It has been the best-performing major asset over the past year. This surge has been driven, in part, by robust central bank demand - including from emerging markets such as China, India, and Turkey. Gold prices are significantly influenced by global economic conditions, including inflation rates and geopolitical tensions. More recently, gold has benefited from deteriorating macroeconomic conditions, including geopolitical uncertainty globally and tariff policy volatility, both of which are driving demand for an alternative to the U.S. dollar. Historically, gold has reacted to various global events such as financial crises and shifts in monetary policy. The current trend mirrors past periods where gold strengthened amid global uncertainties, suggesting a recurring pattern of investor behavior during times of economic stress. Historical Lookback of Gold Prices For centuries, gold has served as a form of exchange, a safe haven investment (i...

One British holidaymaker called it "surreal" to see people try to enjoy themselves as smoke rises nearby.

格隆汇3月1日｜迪拜环球港务集团暂停迪拜杰贝勒阿里港的运营。

Key PointsThe world needs to invest $7 trillion to build AI infrastructure over the next decade.

Guinea has signed a $143 million memorandum of understanding with the US to boost health systems in the West African nation, Finance Minister Mariama Ciré Sylla said in a video posted on Facebook. The five-year agreement, part of the US State Department’s America First Global Health Strategy , aims to strengthen Guinea’s health security, accelerate the fight against malaria, and permanently eliminate polio. “This signing marks the beginning of a new phase in the strategic partnership between the US and Guinea, serving the health, development, and prosperity of our nation,” Sylla said. Read more: Squirrels With Mpox Spur Vaccine Push by Africa CDC The agreement provides for $91 million in US funding, alongside $51 million in co-financing from Guinea, to be deployed over the 2026–2030 period. The agreement with Guinea is the latest in a string of MOUs signed by the US State Department with African countries as well as Panama in Central America.

格隆汇3月1日｜据央视，当地时间3月1日，以色列中部城市贝特谢梅什的一栋建筑物被伊朗导弹击中，造成的死亡人数已升至8人。

美国得克萨斯州奥斯汀市中心发生枪击事件，造成3人死亡，14人受伤，其中3人重伤。奥斯汀警察局局长丽莎·戴维斯在新闻发布会上表示，警方1日凌晨接到报警电话，称布福德酒吧有“男性持枪射击”事件，警方到达现场后与持枪男子陷入枪战，并最终将其击毙。（央视新闻）

運輸署舉行新春車牌拍賣會，最高價車牌以2,000萬元成交，價格歷來第四高。 車牌字母「H」，底價是5,000元，第一口叫價是500萬元，經90次叫價後，車牌最終以2,000萬元成交，由一名男子投得。 今次拍賣會共拍賣49個號碼，號碼「30」的車牌，以455萬元成交。運輸署每年都舉辦，新春車牌拍賣會，歷來價格最高車牌字母「W」，在2021年以2600萬元成交。

《簡樸房條例》即日起生效，政府接受合資格單位登記申請成為簡樸房。房屋局局長何永賢聯同兩位立法會議員，以及深水埗區議員等，去到到南昌社區客廳，向分間單位住戶介紹簡樸房新規。 她說房屋局會密切留意分間單位租賃市場情況，區域服務隊亦會持續透過街站、家訪等向相關住戶，提供包括申請公屋、過渡性房屋等，及轉介懷疑違反租務管制個案等支援。

Transce3nd LLC Sells 1,888 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM MarketBeat

Trivium Point Advisory LLC bought a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,328 shares of the chip maker's stock, valued at approximately $1,252,000. Other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of Intel by 2.4% during the 3rd quarter. American Century Companies Inc. now owns 745,696 shares of the chip maker's stock worth $25,018,000 after purchasing an additional 17,406 shares in the last quarter. Mosaic Family Wealth Partners LLC acquired a new stake in Intel during the 3rd quarter valued at $299,000. Dunhill Financial LLC grew its holdings in Intel by 15.3% during the 3rd quarter. Dunhill Financial LLC now owns 3,654 shares of the chip maker's stock valued at $123,000 after buying an additional 486 shares during the last quarter. Clare Market Investments LLC purchased a new position in Intel during the third quarter worth $1,535,000. Finally, Allianz SE raised its holdings in shares of Intel by 68.6% in the third quarter. Allianz SE now owns 160,025 shares of the chip maker's stock worth $5,369,000 after acquiring an additional 65,125 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock. Get Intel alerts: Sign Up More Intel News Here are the key news stories impacting Intel this week: Intel Stock Performance NASDAQ:INTC opened at $45.61 on Friday. The company has a market cap of $227.82 billion, a P/E ratio of -570.05, a P/E/G ratio of 16.90 and a beta of 1.38. The firm's 50 day moving average is $44.62 and its two-hundred day moving average is $37.41. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $54.60. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-t...

Trivium Point Advisory LLC Acquires New Holdings in Intel Corporation $INTC MarketBeat

A “relatively flexible” legal framework for Hong Kong’s Northern Metropolis will be introduced to the Legislative Council in late March to fast-track the megaproject’s development, a minister has said. Secretary for Development Bernadette Linn Hon-ho shared the update on the planned framework on Sunday, days after the city’s latest budget sought to allocate HK$30 billion (US$3.8 billion) for the megaproject set to cover 30,000 hectares (74,130 acres) in the New Territories. Authorities will seek...

专家认为，历史经验显示，伊朗政权往往选择克制和有限反击，因为“掌权本身是其最高优先级” 【财新网】 在美国和以色列于2月28日对伊朗发动空袭，并引起伊朗对美国驻中东多国的军事目标加以回击的24小时内，伊朗国家电视台3月1日确认，多名伊朗核心高级军官在美国和以色列的袭击中遇害：除了最高领袖哈梅内伊外，在袭击中身亡的伊朗军事高层人物，还包括伊朗武装部队总参谋长穆萨维、伊斯兰革命卫队总司令穆罕默德·帕克普尔、伊朗国防委员会秘书阿里·沙姆哈尼和伊朗国防部长阿齐兹·纳西尔扎德。 伊朗半官方媒体法尔斯通讯社（Fars News Agency）随后也确认，伊朗警察机关的情报负责人古拉姆雷扎·雷扎伊安（Gholamreza Rezaian）也在2月28日的袭击中身亡。

Trump quipped about inviting US women to White House Knight appears on SNL with Hughes brothers US ice hockey star Hilary Knight aimed a barb at Donald Trump during an appearance on this weekend’s Saturday Night Live. Knight led the US women to gold at last month’s Olympics, scoring the Americans’ first goal as they beat Canada in overtime. But after the US men’s team won gold Trump joked that he would have to invite the women’s team to the White House too or risk being impeached. Many of the men’s players laughed at Trump’s comments, and Knight later called them “distasteful and unfortunate.” While the US men visited the White House last week, Knight and her teammates said they were too busy to attend and will instead celebrate at an event in July organized by rapper Flavor Flav. Continue reading...

美国国际资本不但继续净流入，且净流入额不降反升，表明“抛售美国”交易只是宏观叙事，却非客观事实。 长期以来，由于外汇短缺环境下形成的“升值是好事、贬值是坏事”的思维定式，大多数国人心中都有个“汇率升值—外资流入—本国资产重估”的执念。因此，2025年，洲际交易所（ICE）美元指数下跌9.4%，创八年来最大跌幅，这让“抛售美国”之说在国内大行其道。然而，从美国财政部的国际资本流动报告（TIC）（主要是跨境证券投资）数据看，同年美国国际资本不但继续净流入，且净流入额不降反升，表明“抛售美国”交易只是宏观叙事，却非客观事实。 美元贬值难消外资对美国热情 2025年，美国国际资本净流入13519亿美元，较上年增长11.2%，净流入额排名史上第二，仅次于2022年的16231亿美元。 从交易主体看，官方外资没有像市场预想的那样大规模减持美国资产，反而净流入317亿美元，只是规模比上年骤降75.8%，全年有3~5月、7~10月累计7个月份为净流出；私人外资依然积极增持美国资产，净流入13202亿美元，增长21.8%，全年有1、4、10月3个月份为净流出，但全年累计净流入额排名史上第二，仅次于2022年的15971亿美元（见图1）。可见，若非说美元贬值有影响的话，最多也只是影响了美国国际资本流动的结构而非总量。 2025年初特朗普重返白宫以来，实施了大规模加征关税、驱逐非法移民、改革政府机构、对企业永久性减税、干预美联储独立性、干涉他国政治、挑起地缘争端等政策，导致美国全球领导力下降、美国例外论破产、美元信用裂痕扩大。从前述数据看，总体上，官方外资风险偏好偏低，对此更为敏感，私人外资却火中取栗，依然在逆势加码美国资产。 2025年上半年，即便因股汇“双杀”乃至股债汇“三杀”，美元指数累计下跌10.8%，创1973年以来同期最差表现，美国国际资本净流入仍同比增长2.93倍。其中，私人外资净流入增长11.14倍，官方外资净流入减少37.7%（见图1）。 从交易工具看，2025年，海外投资者净买入长期美国证券12220亿美元，较上年增长57.5%；外国投资者持有短期美债及其他托管负债增加1997亿美元，增长1.7%；银行对外国居民负债由上年净增加2430亿美元转为净减少698亿美元。 在海外投资者净买入长期美国证券中：外国投资者净买入长期美国证券15517亿美元（即外来对美长期证券投资...

脱离AI投资泡沫，美国经济几乎停滞。 2025年，美国经济陷入明显的放缓轨道。根据美国经济分析局最终数据，去年第四季度美国实际GDP年化增长率仅为1.4%，大幅低于市场预期的3%和第三季度的4.4%。全年实际GDP增长率仅2.2%，较2024年的2.8%进一步下滑。这一增速远低于特朗普政府及其顾问所吹嘘的“经济繁荣”。如果剔除设备和软件投资（主要由AI热潮驱动）的强劲增长超过8%的贡献，美国实际GDP增速将跌至2%以下，甚至更低。这暴露了美国经济增长的脆弱性：脱离AI投资泡沫，美国经济几乎停滞。 相比之下，美国2.2%的增长率在G7（七国集团）中仍算领先。G7整体增长率勉强超过1%，加拿大1.2%、法国1.3%、德国1.2%、意大利1.0%、日本1.0%、英国1.1%。这些发达经济体深受高债务、老龄化和能源转型拖累，增长乏力。然而，美国的表现与中国、印度相比黯然失色。中国国家统计局官方数据显示，2025年中国全年GDP增长率为5.0%，名义GDP总量达到140.1879万亿元人民币（约合19.6万亿美元，按当时汇率计算）。中国连续两年实现“5%左右”目标，尽管面临房地产持续调整和内需疲软，但出口强劲和工业生产支撑了增长。印度增长率约为6.2%。美国全年增速不到中国的一半，更不到印度的三分之一。这鲜明地凸显了成熟资本主义经济体的结构性衰退，而新兴经济体正加速赶超。 通胀方面，美国官方消费者价格指数（CPI）同比呈下降趋势，但这一数据严重低估了真实物价压力。多项独立研究指出，官方指数未纳入抵押贷款利率和融资成本，若纳入，通胀率将翻倍。采用更真实的价值通胀率指标，美国家庭实际收入自1960年以来已下降约20%，疫情后下降4%。核心PCE（美联储偏好指标）三个月环比通胀率超过3%，总体CPI三个月环比也达3%。特朗普政府加征关税被最高法院裁定非法，却仍造成实质伤害。国会预算办公室估计，美国企业和消费者承担95%的关税负担，食品进口关税上涨44%，相当于对消费者额外征收12%的税。纽约联储分析确认，进口商品价格上涨11%，远高于未加税商品。2025年平均关税率升至13%，核心PCE商品和耐用品价格分别上涨1.0%和1.3%。关税、劳动力成本和医疗保险上涨迫使企业新一轮提价，许多涨幅达个位数。滞胀顽固存在：零售价格上涨速度超过收入增长，消费者被迫消耗储蓄和增加债务。去年12月美...

As missiles and drones flew over the United Arab Emirates, traders and Wall Street executives who’ve flocked to the Gulf in recent years found themselves confronting a threat few expected to materialize in a country that had pitched itself as the region’s safest hub. Several hedge funds began reviewing business-continuity arrangements almost immediately, according to people familiar with the matter. Global banks including JPMorgan Chase & Co. and Citigroup Inc. instructed employees to work from home, while other firms urged staff to shelter in place and avoid sensitive areas around foreign embassies and military installations. Air defense systems have intercepted projectiles over the skylines of Dubai and Abu Dhabi over the weekend, with debris and smoke visible near high-profile commercial districts and luxury developments including Palm Jumeirah. A suspected aerial strike partially damaged facilities at Dubai International Airport, while debris from an intercepted drone struck a building facade at Etihad Towers, a site housing diplomatic missions in the UAE capital. The attacks, part of an unprecedented Iranian response to US and Israeli strikes that killed Supreme Leader Ayatollah Ali Khamenei , punctured the long-nurtured perception that the UAE was insulated from the volatility of its neighborhood — an image that has underpinned its rapid rise as a magnet for hedge funds, private capital and global banks. Read More: ‘Return to Your Senses’: Gulf States Ramp Up Criticism of Iran On Saturday night, Singapore-based hedge fund Dymon Asia Capital ’s senior executives jumped on a call to work out — among other things — what to do if the conflict spiraled into full-on war. Deputy Chief Executive Officer and Managing Partner Kenneth Kan , who like most Singaporean men had served in the country’s armed forces, helped draft guidelines eventually sent to staff across the region. Aside from its office in the Dubai International Financial Centre with 17 employees, it also h...

格隆汇3月1日｜马士基称，决定暂时暂停未来经由曼德海峡的跨苏伊士航线航行。

马士基称，ME11和MECL航线将绕行好望角，决定暂时暂停未来经由曼德海峡的跨苏伊士航线。仍将接受发往中东地区的货运订单。（财联社）

格隆汇3月1日｜荣耀今晚在MWC 2026现场举行全球发布会，宣布与全球的影像设备品牌阿莱(ARRI)达成战略技术合作。双方将携手为全球创作者带来好莱坞级的影像表达，以及更富有想象力的故事讲述体验，共创未来移动影像新标准。此次战略技术合作是阿莱影像科学的核心技术第一次与消费级手机终端直接融合，标志着阿莱的色彩科学、电影视觉和专业制作流程将正式融入到消费者的移动终端体验之中。荣耀和阿莱在影像领域的一系列合作成果，将在机器人手机荣耀Robot Phone上率先落地，为荣耀影像打开全新想象空间。

马士基：将暂停在霍尔木兹海峡的所有航行。

iridi/iStock via Getty Images Foreword About Large Cap Value “A Value ranking for large cap stocks from YCharts puts together complementary strategies found during their stock research. The value ranking looks at the price of a stock relative to a number of measurements that determine intrinsic firm value. Only the largest 10% of companies based on market cap are shown in this portfolio. What it is: The Value Score is a composite score. It tells you how much you are getting in terms of profits, cash flows, assets, sales, etc. for the stock price that you pay. It is a relative measurement, so it says nothing about the overall level of the market. Rather, it answers the question: "Given the current market level, which stocks give you the most current value for your dollar of investment?" Tens are the most value, and 1s are the least. How to use it: Use it to find companies that are selling at a low price relative to their assets and profits. Limitations of the Value Score: Watch out for companies with a lot of uncertainty or bad prospects for the future (e.g., Pharma companies with expiring patents, industries on the decline, etc). About the Ben Graham Formula The Ben Graham Formula strategy contains ultra-stable stocks that will infrequently lose money if held over a long period of time. It was developed based on a screen in Graham's book, "The Intelligent Investor." For those who have the book, it is the "Defensive Investor" screen. It selects stocks that are large in terms of sales and total assets, have a strong track record of earnings and dividend payments, have a reasonable current ratio and level of long term debt, and have a low valuation given by PE Ratios and Price to Book Value ratios.” -YCharts While over half of this March collection of GASV is too pricey, or reveals somewhat skinny or no forward looking dividends, fourteen of the twenty-nine “safer” lowest-priced dogs of the GASV are buyable. March finds Hafnia Ltd ( HAFN ), IRSA Inversiones ( IRS ), We...

AI Boom And European Bond Markets: A Deep Dive Submitted by Thomas Kolbe The “credit pump” could rightfully claim its place as a symbolic flag of the European Union. With virtually unlimited access to the bond market, politics magically transforms an inexhaustible credit stream into political maneuvers and ideological wizardry. Through this manipulation of money, processes and institutions are transplanted into the real world that, under normal circumstances, could never have surpassed the fantasies and limits of political ideology. Wind turbines in forests, fully electric cargo bikes in an industrial nation that destroys its own engines of prosperity in favor of an artificial green subsidy economy, plunging itself into trillions of euros in new debt – a historically unprecedented degrowth spectacle , which has not erupted into open revolt only because hundreds of thousands losing their jobs are somehow absorbed into the public sector or cushioned, if not sedated , by the largesse of the German welfare state. The same applies to open-border policies. Here too, perpetual credit seems to lubricate a project designed to unlock new voter potential for the political left. This process becomes possible through the systematic destruction of monetary value. National debt is not merely a fiscal problem; it erodes the fragile economic fabric of society. Moreover, it sends the fatal signal that an overpowering actor like the state can override the limits of productivity, reason, and scarcity at the push of a button. Thus, the so-called debt brake was a political paper tiger from the start: Germany abandoned the path of political seriousness long ago and joined the ranks of debt magicians. It has become a driving force in an ideologically overgrown swamp of debt, making the refinancing problems of heavily indebted Eurozone states increasingly visible year after year. Leading the debt race this year is the magic duo Germany-France. Budget figures are falsified, accounting tricks...

Key PointsPhilippe Laffont is looking beyond the big chipmakers to find opportunities in artificial intelligence.

诺基亚与爱立信加强合作以加速推进自智网络发展。（财联社）