Domestic financial news
- Strong performance in economic data: In the first 11 months, the year-on-year growth of goods trade imports and exports was 4.9%, the manufacturing PMI index showed a slight increase in expansion in November, textile and clothing exports from China grew by 6.8% year-on-year in November, and the China Express Development Index increased by 14.2% year-on-year in November. These figures indicate that the Chinese economy maintains a certain growth momentum in foreign trade and manufacturing, demonstrating strong economic resilience.
- Policy supports economic development: Five departments issued documents to strengthen recruitment guarantees for the manufacturing industry and help attract high-end talent for advanced manufacturing, providing human support for the development of the manufacturing sector; the Ministry of Finance issued 60 billion yuan of government bonds in Hong Kong, which helps strengthen financial ties between the mainland and Hong Kong and promotes the development of Hong Kong's financial market; the LPR remained unchanged in December, but expectations for a year-end reserve requirement ratio cut have increased, with monetary policy shifting from 'prudent' to 'moderately loose', providing a more accommodating monetary environment for economic development.
- Release of consumption and investment potential: The trade-in program encourages a continuous rebound in consumption, creating new consumption scenarios and releasing new vitality for consumption upgrades, which helps expand domestic demand; various regions actively deploy further support for mergers and acquisitions, guiding resources to concentrate on the 'new', enhancing the level of innovation platforms, and increasing the 'new content' of economic development, which will promote industrial upgrading and innovative development.
International financial news
- Dynamics of major economies: The U.S. CPI year-on-year growth accelerated to 2.7% in November, with a month-on-month increase of 0.3%, reaching a seven-month high. Inflation data supports the Federal Reserve's interest rate cut in December, but expectations for rate cuts in 2025 are affected, leading to uncertainty in economic policy direction; the Bank of Canada cut rates by 50 basis points, with expectations for a slower pace of cuts; Goldman Sachs anticipates that the European Central Bank will continue to cut rates and adjust its policy direction, reflecting different rhythms and adjustment needs in monetary policy among the world's major economies.
- Corporate and industry dynamics: The stock price of the pharmacy chain Walgreens surged by 20%, reportedly in talks for sale to private equity firm Sycamore; Tesla may restart its expansion plans in India; NVIDIA is under investigation for allegedly violating antitrust laws, reflecting corporate strategic adjustments and the competitive and regulatory challenges faced in the market.
- Volatility in energy and commodity markets: U.S. natural gas futures fell sharply due to warmer weather forecasts and high production levels; New York cocoa futures hit an all-time high due to increasing supply concerns, reflecting how the energy and commodity markets are influenced by various factors such as supply and demand relationships and weather, leading to frequent price fluctuations.