Market News: Hungarian Prime Minister Orban and Turkish President Erdogan discuss US sanctions against Gazprom.The Dow Jones Industrial Average was last reported at 44,200.59, up 0.12% in the day.Central Economic Work Conference: Implementing the Medical and Health Foundation Project and Formulating the Policy of Promoting Birth, which was held in Beijing from December 11th to 12th. The meeting proposed to implement employment support plans for key areas, key industries, urban and rural grassroots and small and medium-sized enterprises to promote the employment of key groups. Strengthen the protection of workers' rights and interests in flexible employment and new employment forms. We will implement policies to help industries and employment, ensure that large-scale return to poverty does not occur, and ensure the basic livelihood of people in need. Promote the high-quality and balanced development of compulsory education and solidly promote the expansion of high-quality undergraduate courses. Implement the medical and health foundation project and formulate policies to promote fertility. Develop community-supported home-based care for the aged and expand inclusive care for the aged. Adhere to and develop the "Fengqiao experience" in the new era and strengthen the public security system. (Xinhua News Agency)
Central Economic Work Conference: Expanding high-level opening to the outside world and stabilizing foreign trade and foreign investment. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting proposed to expand independent opening and unilateral opening in an orderly manner, steadily expand institutional opening, promote the free trade pilot zone to improve quality and efficiency and expand the reform mandate, and accelerate the implementation of the core policy of Hainan Free Trade Port. Actively develop service trade, green trade and digital trade. Deepen the reform of foreign investment promotion system and mechanism. We will steadily open up the service industry, expand pilot projects in the fields of telecommunications, medical care and education, and continue to build the brand of "Invest in China". Promote high-quality joint construction of the "Belt and Road", deepen and improve the overseas comprehensive service system. (Xinhua News Agency)Russia said it would not make concessions on the Ukrainian issue and hoped to make contact with the US. Russian Foreign Ministry spokesman Zacharova said at a regular press conference on the 11th local time that Russia would not make concessions on the Ukrainian issue in response to the negotiation proposal put forward by US President-elect Trump on the 8th, and hoped to make contact with the US, but so far it has not received any "serious suggestions" from the team of US President-elect Trump. Zacharova also said that the recent statement of Ukrainian President Zelensky showed that "achieving peace is not a priority for Ukraine". Zelensky reiterated a few days ago that Uzbekistan will not sign any kind of peace agreement without security guarantee.The gap between Italian and German government bond yields widened to 111 basis points, the highest level in a week.
Analysts commented on the ECB's interest rate cut, and Christiansen, an analyst at Danske Bank, said that the restrictive hawkish tendency in the ECB's policy has been eliminated. However, there is no indication that the bank may cut interest rates sharply, and there is no indication that the terminal interest rate will fall. Carsten Brzeski, head of international macro business in the Netherlands, said that the European Central Bank decided to play it safe today and cut interest rates by 25 basis points. No more mention of "restrictive" monetary policy, which means there will be more interest rate cuts in the future. Analyst Randow said that the change in the wording of the European Central Bank indicates that the ECB Committee has discussed the neutral interest rate. Otherwise, how can they decide what is restrictive and what is lenient? I am curious about what Lagarde will say next. Vassilis, a foreign exchange strategist, said that the euro fell to a new low because the European Central Bank gave up the "restrictive policy" part of the statement, but this does not mean that the policy language is completely dovish. Bonds in the euro zone are in a moderate trend.The gap between Italian and German government bond yields widened to 111 basis points, the highest level in a week.Trump was elected as Time Magazine's Person of the Year for the second time, and Time Magazine awarded Donald Trump, who is about to re-enter the White House, with the recognition of his amazing political comeback and his historic year of assassination attempt and felony conviction. This result also confirms the general expectation. Since Bush in 2000, the magazine has awarded this honor to the winner in every presidential election. Trump was also named the magazine's person of the year when he first won the US election in 2016.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13