Before the Bank of Japan's policy meeting, it released chaotic signals. Japanese traders were confused about when to raise interest rates. After the Bank of Japan officials' remarks and media reports sent different signals, traders have been confused about when the central bank might raise interest rates in the past week. This kind of confusion led to sharp fluctuations in the market's interest rate hike bets. The overnight index swap pricing showed that the probability of raising interest rates in December was 22%, which was significantly lower than 60% at the beginning of last week. This week, the yen fell from 150 last Friday to a low of 152.18 to the dollar, and the exchange rate was 151.73 at 10:40 Tokyo time. Kazuo Ueda, governor of the Bank of Japan, said in an interview last month that the interest rate hike was approaching. A few days later, a report by the news agency emphasized the concern of the central bank about raising interest rates prematurely. Tomaki Nakamura, a member of the Dove Policy Committee, said last week that he was not opposed to raising interest rates, but this month's policy decision must consider data factors.According to the monetary authority of singapore survey, economists predict that the core inflation rate will be 1.8% in 2025.
Kremlin: Russia has dialogue with all countries in the region, and we intend to continue the dialogue.The Shanghai Municipal Science and Technology Commission issued the Action Plan for Promoting the Innovative Development of Scientific Instruments and Reagents in Shanghai (2025-2027), which was formulated by the Shanghai Municipal Science and Technology Commission to promote the innovative development of the scientific instruments and reagents industry in Shanghai. Adhere to the working idea of "following the development law, facing the needs of the industry, strengthening superior products, cultivating and expanding enterprises, and creating a development ecology", adhere to the product as the traction, strengthen key core technology research, vigorously cultivate first-class enterprises, and promote the high-quality development of the industry. By 2027, 1-2 technical test and verification platforms will be built, and more than 5 application scenarios and user experience centers will be built. The scientific and technological innovation ability of scientific instruments and scientific research reagents in our city will be further enhanced, and the industrial innovation ecology will be further improved. More than 5 leading scientific and technological enterprises in subdivided tracks will be cultivated, and more than 5 scientific instruments and 10 scientific research reagents reaching the international leading level will be formed. The industrial output value of scientific instruments and scientific research reagents will be about 45 billion yuan.Citigroup: cut the iron ore price forecast from $110 per ton to $100 per ton.
Citigroup: It is expected that the gold and silver markets will resume their gradual upward trend within 3-12 months, reaching $3,000/ounce and $36/ounce respectively. Under basic conditions, it is expected that the price of crude oil will gradually drop to 60 USD/barrel in the middle of 2025, and will remain near this level in the second half of 2025 and 2026.Afternoon comment: the three major indexes rose slightly in half a day, and the concept of Shanghai's state-owned enterprise reform lifted the tide of daily limit. The three major indexes opened lower and went higher in early trading and rose slightly in half a day. In terms of sectors, the concept of Shanghai's state-owned enterprise reform is on the rise, and Shanghai Material Trade, First Medicine and Shibei High-tech are collectively on the rise. The retail sector continued to be strong, with the daily limit of Youa, Zhongbai Group and Maoye Commercial. The concept of AI glasses is higher, and Tianjian shares and Star Technology both have a daily limit of 20cm; Insurance stocks continued to adjust, and Tianmao Group fell to an intraday limit; Sora concept stocks collectively adjusted back, and the word Huayang Lianzhong fell; Bank shares fluctuated lower, with Bank of Ningbo leading the decline. Overall, stocks rose more and fell less, with more than 3,500 stocks rising. On the disk, Shanghai's state-owned enterprise reform, AI glasses and retail sectors were among the top gainers, while insurance, Sora concept and banking sectors were among the top losers.The activity index of MBA mortgage application in the week from December 6 in the United States was 225.5, with the previous value of 213.9. The interest rate of MBA30-year fixed mortgage loan in the week from December 6 in the United States was 6.67%, and the previous value was 6.69%. The index of MBA mortgage refinancing activity in the week from December 6 in the United States was 634, with the previous value of 498.5. The MBA mortgage purchase index of the United States in the week to December 6 was 154.9, with the previous value of 161.5.
Strategy guide 12-14
Strategy guide