Market information: The International Monetary Fund has reached a staff-level agreement with Ecuador, and Ecuador will receive a loan of about 500 million US dollars, but it must be approved by the Board of Directors of the International Monetary Fund.Xinhua Viewpoint: "Changing the expression of monetary policy from' prudent' to' moderately loose' means that China continues to adhere to a supportive monetary policy stance. In the early morning of December 10th, Xinhuanet published an article" Xinhua Viewpoint: Looking at the New Trends of Economic Work in 2025 from Politburo meeting of the Chinese Communist Party ",pointing out that at present, China's development is facing many uncertainties and challenges. To do a good job in economic work next year, we must strengthen our confidence in winning. Further comprehensively deepen reform, open wider to the outside world at a high level, implement more active and promising macro policies, expand domestic demand and stabilize the property market and stock market ... Politburo meeting of the Chinese Communist Party has made a series of important arrangements for economic work next year. The expression "moderately loose monetary policy" at the meeting attracted people's attention. "The expression of monetary policy has changed from' steady' to' moderately loose', which means that China will continue to adhere to a supportive monetary policy stance, maintain a reasonable and abundant liquidity, further reduce the comprehensive financing costs of enterprises and residents, and create a good monetary and financial environment for promoting sustained economic recovery." Wen Bin, chief economist of China Minsheng Bank, said that it was more than 10 years before China's monetary policy was "moderately loose". Judging from the actual operation, monetary policy is flexible and moderate in implementation. Since the beginning of this year, the market generally feels that China's monetary policy has been in a stable and slightly loose state.Federal Reserve Bank of new york: Respondents expect the interest rate of savings accounts to rise next year. In November, their views on the current household financial situation remained stable, and respondents significantly lowered their expectations for the future level of government lending. Respondents believe that the risk of not being able to repay debts is declining, and respondents expect that the financial situation will improve in the coming year, which is the highest level since February 2020.
The political turmoil in South Korea continued. Yin Xiyue was restricted from leaving the country. The opposition party pushed the impeachment case and the special inspection law. Due to the emergency martial law issued by South Korean President Yin Xiyue on the 3 rd of this month, the political situation in South Korea has recently fallen into continuous turmoil. South Korea's largest opposition party, the Common Democratic Party, submitted the "12.3 Yin Xiyue Civil Disturbance Special Inspection Law" to the National Assembly on the 9 th to investigate whether there were unconstitutional and illegal acts during President Yin Xiyue's declaration of emergency martial law. In addition, South Korea's Ministry of Justice also took measures to ban Yin Xiyue from leaving the country today, which is the first time that South Korea has taken measures to ban the current president from leaving the country. According to Yonhap News Agency, the Common Democratic Party, the largest opposition party in South Korea, submitted the "12.3 Yin Xiyue's Civil Disturbance Special Inspection Law" to the National Assembly on the 9th to investigate whether President Yin Xiyue violated the constitution or not during the process of declaring emergency martial law. At the same time, the Common Democratic Party also requested to deal with the "Jin Jianxit Inspection Law". Previously, the "Jin Jianxit Inspection Law" was passed at the plenary session of the National Assembly three times, and was rejected by Yin Xiyue's veto power. On the afternoon of the 7th, South Korea's National Assembly voted again on the "Jin Jianxit Inspection Law", but more than two-thirds of the votes required were not passed. The Common Democratic Party plans to push for a vote on the "Jinjianheit Inspection Law" and the "Civil Disturbance Special Inspection Law" at the plenary session of the National Assembly on the 12th and 14th, respectively. (CCTV)Multi-path exploration of central enterprises to strengthen the top-level design of market value management is expected. Over the past year, central enterprises have actively explored effective paths of market value management, comprehensively used dividends, repurchases, holdings of major shareholders and other means to enhance investment value, and put forward measures such as doing a good job in the main business, strengthening innovative research and development, accelerating the layout of new industries, deepening reforms, and laying a good "combination boxing" to improve quality and efficiency. At the same time, the institutional construction of market value management is also being actively promoted. Many state-owned assets experts analyzed that market value management, as a long-term systematic project in the capital market, depends on the joint efforts of society. It is suggested that the relevant state departments should carry out top-level design of its theoretical connotation, strategic objectives and development path, issue clear plans and guidelines, clarify the responsibilities and tasks of relevant parties, clearly define the red line and bottom line of market value management, continuously unite the consensus of all parties, guide the continuous scientific evolution, and gradually push market value management deeper. (CBN)Analysts such as Max Layton of Citigroup predicted in the global commodity outlook in 2025 that there would be a "substantial oversupply" of 1.5 million barrels per day in the second quarter of 2025. The average price of Brent crude oil may be $60/barrel in 2025, and it may be the same level in 2026.
Morgan stanley capital international's MSCI Nordic Countries Index fell 0.2% to 384.92. Saab AB, a military stock, fell 6.5%, the worst performance among all the constituent stocks.Xinhua Review: It is of great significance for enterprises in China to "go global". On the evening of December 9, Xinhuanet published an article "What do you think of China enterprises" going global-the seventh question and answer on current China economy ",which pointed out that it is of great significance for China enterprises to" go global "regardless of taking advantage of the situation or facing difficulties. For the enterprise itself, by expanding the larger market, participating in international competition and cooperation, and using global resources, it can create more profits, reduce the risk of operating and developing in a single market, and promote itself to become bigger and stronger. As far as China's economy is concerned, China enterprises will take the road of globalization and give full play to the synergistic effect of two markets and two resources, which will help China's economic transformation and upgrading and high-quality development, and better serve the new development pattern. As far as the world economy is concerned, with the "going out" of China enterprises, China's products, technologies, business models and management experience have promoted the interconnection of various fields such as economy and trade, which will help stabilize the global supply chain and add new vitality to the world economy.The bets on the Fed's interest rate cuts have increased substantially, driven by Morgan Stanley's blessing. With Morgan Stanley's blessing, the scale of bets on the Fed's interest rate cuts in December and January has increased significantly. The number of January and February contracts held by traders soared on Friday. Morgan Stanley strategists suggested buying the February contract in a report. "We believe that investors should prepare for the increase in the implied probability of a 25 basis point interest rate cut at the FOMC meeting on January 29th," the strategist led by Matthew Hornbach said in a report. Suggested methods for this layout include buying February federal funds contracts and receiving overnight index swap rates corresponding to the January meeting, they wrote.
Strategy guide
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Strategy guide 12-13
Strategy guide
12-13
Strategy guide