牛肉 (Beef) 加自选

美国：消费者支出和收入将在2025年底放缓。12月个人收入环比增长0.3%，符合市场预期。所有收益均为名义收益，经通胀调整后，个人收入保持不变。

US: Consumer Spending and Income End 2025 on Softer Footing .Personal income rose 0.3% month-over-month (m/m) in December, in line with market expectations. All gains were in nominal terms, with personal income remaining flat after adjusting for inflation.

美国：第四季度GDP低于预期，但基本面依然稳固。美国经济在第四季度环比增长1.4%（q/q，按年计算），低于普遍预测的3.0%，与第三季度的4.4%相比明显减速。

US: Q4 GDP Weaker Than Expected, But Underlying Fundamentals Remain Solid.The U.S. economy expanded by 1.4% quarter-on-quarter (q/q, annualized) in the fourth quarter – below the consensus forecast of 3.0% – and a notable deceleration from Q3's 4.4%.

加拿大：零售销售因疲软而结束，1月份反弹。按实际价值计算，零售额本月没有变化，表明12月的整体下降是由价格推动的，而不是整体活动减弱。

Canada: Retail Sales End the Year on Weak Footing, Rebound in January .In real terms, retail sales volumes were unchanged on the month, indicating December's headline decline was driven by prices rather than weaker overall activity.

英镑表现优于PMI弹性，尽管美国数据喜忧参半，但美元保持坚挺。英镑今日领涨货币市场，受强于预期的英国采购经理人指数和零售销售数据的提振，这些数据强化了经济弹性的说法。商业活动的反弹有助于抵消本周早些时候因劳动力和通胀数据疲软而产生的挥之不去的担忧。

Sterling Outperforms on PMI Resilience, Dollar Holds Firm Despite Mixed US Data.Sterling leads the currency markets today, buoyed by stronger-than-expected UK PMI and retail sales data that reinforced the narrative of economic resilience. The rebound in business activity helped offset lingering concerns generated earlier in the week by softer labor and inflation figures.