2023.12.1 Today’s Focus
1. Inflation in the Eurozone has slowed more than expected, and the market expects that the European Central Bank’s interest rate hike cycle may be over.
2. Tesla Cybertruck starts at US$60,990, and the most expensive version starts at US$100,000.
3. The annual core PCE rate in the United States in October was in line with expectations at 3.5%, the lowest since April 2021.
4. Hamas agreed to extend the ceasefire agreement to the seventh day; the Israeli army stated that it would continue the ceasefire, but did not specify the specific time.
5. U.S. Treasury Secretary Yellen: She does not believe that further radical monetary tightening is needed and the United States will be well positioned to achieve a soft landing.
6. Ultraman officially returned to OpenAI as CEO, acknowledged the existence of the Q* project and stated that the "gong fight" has nothing to do with AI security.
7. Fed Daley: It is too early to judge whether the Fed has ended raising interest rates. It is not considering cutting interest rates at all. Williams: It is currently at or near the peak of interest rates. If inflation is stubborn, interest rates may need to be raised again.
8. OPEC+ members have each announced "voluntary" production cuts during Q1 next year, with a total scale of 2.193 million barrels per day, of which Saudi Arabia and Russia will reduce production by 1 million barrels and 500,000 barrels respectively, Angola refuses to comply with production quotas, and Brazil will reduce production in Q1 next year. It will join OPEC+ next month, and the next conference is scheduled to be held on June 1 next year. The market is worried that "voluntary" production cuts will have limited binding power, and international oil prices once fell by more than 3%.
