European Central Bank President Lagarde: The proposal to cut interest rates by 25 basis points has been agreed by everyone. European Central Bank President Lagarde said that the proposal to cut interest rates by 25 basis points has been agreed by everyone, and inflation is expected to reach 2% in the medium term. There are some discussions about cutting interest rates by 50 basis points, but it is generally believed that a 25 basis point cut is the right move. The wage level will reach a level consistent with the inflation target of 2%.Apple's iOS 18.2 integrates ChatGPT or helps the future sales of iPhone 17. Citigroup maintains a "buy" rating. Citibank pointed out that the iOS 18.2 update released by Apple basically meets expectations and predicts that there will be more highlights in future updates. In the detailed analysis, Atif Malik, an analyst at Citigroup, said that some basic functions of Siri in the latest system version have been taken over by ChatGPT, but this did not affect his view on the phased introduction of Apple Intelligence functions. He thought that this strategy would not significantly change the difference between the update cycle of iPhone 16/17 and the previous cycle. Malik maintains a "Buy" rating on Apple and a target price of $255. For the future, Malik is optimistic about the update of iPhone 17, and predicts that Apple will achieve 227 million units, 246 million units and 253 million units in 2024, 2025 and 2026 respectively.The US Secretary of State met with Jordan's King and Deputy Prime Minister to discuss the situation in Gaza and Syria. On December 12, local time, the State Council issued a statement saying that US Secretary of State Blinken met with Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Overseas Chinese Affairs Assafadi and Jordan's King Abdullah II in Aqaba that day, and discussed issues such as reaching a ceasefire agreement in Gaza, ensuring the release of all detainees, providing humanitarian assistance to Palestinian civilians in all parts of Gaza and the situation in Syria. Blinken said that the United States supports the Syrian-led political transition. Blinken said that Syria must take all measures to protect civilians and promote the entry of humanitarian aid. Abdullah II reiterated that Jordan respects the choice of the Syrian people, but also stressed the importance of maintaining Syria's security and protecting its citizens. In addition, Abdullah II stressed that the first step to achieve a comprehensive ceasefire in the region is to stop Israeli attacks on Gaza. Abdullah II pointed out that achieving this goal requires immediate and serious international action. The meeting also discussed efforts to strengthen the humanitarian response to Gaza. Talking about the situation in the West Bank, Abdullah II warned the danger of Israel's unilateral actions and condemned Israel's continued attacks on Jerusalem and other places. He once again stressed that the "two-state solution" is the only way to achieve a just and comprehensive peace and the key to preventing the region from falling into more conflicts. (CCTV News)
European Central Bank President Lagarde: Economic growth is losing momentum.Ceng Gang, Shanghai Finance and Development Laboratory: Judging from the economic situation and policy space, it is still possible to lower the RRR and cut interest rates in the future. The Central Economic Work Conference proposed to implement a moderately loose monetary policy. In this regard, Ceng Gang, chief expert and director of Shanghai Finance and Development Laboratory, said that the tone of "moderately loose" monetary policy is in the same strain as that of Politburo meeting of the Chinese Communist Party. China's monetary policy has been adjusted from "steady" to "moderately loose", aiming at boosting economic growth and alleviating downward pressure through a more active monetary policy, while providing support for key areas and structural adjustment. In response to the expression of "timely RRR cuts and interest rate cuts", Ceng Gang believes that from the current economic situation and policy space, it is still possible to implement RRR cuts in the future, especially in targeted cuts to required reserve ratios, to release long-term liquidity; The possibility of interest rate cuts is also greater, and it is expected that a one-time large-scale interest rate cut will be implemented at the end of this year or early next year. (SSE)CHRISTIAN MEUNIER was appointed as the chairman of NISSAN Americas.
The rise in food prices has pushed the wholesale inflation in the United States to accelerate unexpectedly. The prospect of interest rate cuts next year is uncertain. The wholesale inflation rate in the United States unexpectedly rose in November, and the soaring egg price masked the moderate impact of price increases in other regions. According to data released by the Bureau of Labor Statistics on Thursday, the producer price index (PPI) rose by 0.4% month-on-month, the biggest increase since June, and economists surveyed by Bloomberg expected a median of 0.2%. PPI increased by 3% compared with the same period of last year, the biggest increase since the beginning of 2023. The core PPI excluding food and energy increased by 0.2% from the previous month and 3.4% from the same period of last year. The CPI report released on Wednesday showed that the core inflation rate in the United States remained firm for the fourth consecutive month. This series of data brought uncertainty to the outlook of prices and interest rates next year, especially when Trump threatened to raise import tariffs after taking office. Economists pay close attention to the PPI report because several of its breakdown data will affect the personal consumption expenditure price index (PCE) that the Federal Reserve is concerned about. Although PCE data will not be released before the Fed policy meeting next week, central bank officials will have a good understanding of the data according to CPI and PPI reports. The market generally expects the Federal Reserve to cut interest rates by 25 basis points next week, but the pace of interest rate cuts is expected to slow down next year.According to HKEx documents, iFLYTEK Medical Technology Co., Ltd. passed the listing hearing of HKEx.Central Economic Work Conference: Support major economic provinces to take the lead, and encourage other regions to develop their strengths according to local conditions. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting proposed to strengthen the implementation of regional strategies and enhance the vitality of regional development. Give play to the superposition effect of regional coordinated development strategy, regional major strategy and main functional area strategy, and actively cultivate new growth poles. Enhance the innovation ability and radiation-driven role of areas with economic development advantages. Support major economic provinces to take the lead, and encourage other regions to develop their strengths according to local conditions. Deepen industrial cooperation in the eastern, central, western and northeastern regions, and vigorously develop the marine economy and the Bay Area economy. (Xinhua News Agency)
Strategy guide
Strategy guide
12-14
Strategy guide 12-14
Strategy guide 12-14