Su Jian, Director of Peking University National Economic Research Center: Promote the construction of a unified national market and realize the free flow of factors and commodities throughout the country. The Central Economic Work Conference put forward that giving play to the traction role of economic system reform and promoting the landmark reform measures will be effective. High-quality completion of the deepening and upgrading of state-owned enterprise reform, the introduction of private economy promotion law. Carry out special actions to standardize law enforcement involving enterprises. Formulate guidelines for the construction of a unified national market. Strengthen supervision and promote the healthy development of platform economy. Make overall plans to promote the reform of the fiscal and taxation system and increase local independent financial resources. Deepen the comprehensive reform of investment and financing in the capital market, open up the blocking points of medium and long-term funds entering the market, and enhance the inclusiveness and adaptability of the capital market system. Su Jian, director of Peking University National Economic Research Center, told reporters that the "guidelines for the construction of a unified national market" is to promote the construction of a unified national market and realize the free flow of factors and commodities throughout the country. Its reform covers a wide range and has profound implications. In terms of factors, the flow of capital, labor, land, information and science and technology needs to further break down local protection and industry barriers. "It is expected to involve land system reform, investment and financing system reform, household registration management system reform, etc." (SSE)Morgan Stanley raised the S&P global target price from $570.00 to $595.00.The yield of US 10-year Treasury bonds rose to 4.316% after the auction results were announced, the highest level since November 26th.
President of the European Central Bank: The euro zone economy continues to be weak and is still preparing to cut interest rates further. On December 12, local time, after the European Central Bank announced its decision to cut all three key interest rates by 25 basis points, President Lagarde of the European Central Bank subsequently held a press conference. She said that the Governing Council of the European Central Bank unanimously agreed to cut interest rates by 25 basis points, mainly based on the latest assessment of the current inflationary pressure, future prospects and the transmission degree of monetary policy to the real economy. On the same day, the European Central Bank also released the latest macroeconomic forecast, further lowering its expectations for economic growth in the euro zone. Lagarde said that poor economic development and continued weakness are worrying. She said that trade friction may drag down economic growth, and extensive geopolitical development is one of the upward risks of inflation. In view of the fact that the current economic growth in the euro zone is hit by domestic political instability in various countries, especially large economies such as Germany and France, and may face the threat of punitive tariffs imposed by US President-elect Trump, the European Central Bank is still preparing to cut interest rates further. Lagarde said that the ECB Council is determined to ensure that inflation is sustainable and stable at the medium-term target of 2%. The next interest rate decision is scheduled for January 30, 2025.Apple's self-developed wireless chip will be put into new products released in 2025. It is reported that Apple's self-developed wireless chip will be put into new products released in 2025. The chips of Apple iPhone and home wireless devices are close to switching from Broadcom supply to self-developed products. The internal code of Apple's self-developed wireless chip is Proxima, which will be put into iPad and Mac in 2026.LME metal futures closed down, while LME copper futures closed down $100 to $9092/ton. LME aluminum closed down $2 to $2,600/ton. LME zinc futures closed down $50 to $3,075/ton. LME lead closed down $38 to $2006/ton. LME nickel futures closed up $310 to $16,168/ton. LME tin closed down $423 to $329,534/ton. LME cobalt was flat at $24,300/ton.
The mortgage interest rate in the United States fell for the third consecutive week, and the demand for home purchases rose. The mortgage interest rate in the United States fell for the third consecutive week. Freddie Mac said in a statement that the average interest rate of 30-year fixed-rate mortgages was 6.6%, down from 6.69% last week. Redfin Corp' s data for the four weeks ending December 8 show that buyers have been pushing forward in recent weeks, and the purchase contract has increased by 4.1% year-on-year. However, the broker said that affordability still faces challenges, because interest rates are still at a high level and the median selling price has increased by 6% year-on-year. "Demand is adapting to the new normal after the election," said Chen Zhao, head of economic research at Redfin.U.S. National Security Adviser Sullivan said that the Israeli elimination of Hamas leaders will also help promote the ceasefire negotiations to achieve results.U.S. National Security Adviser Sullivan said that the Israeli elimination of Hamas leaders will also help promote the ceasefire negotiations to achieve results.