Senior energy safety official: Poland will start looking for partners for the construction of the second nuclear power plant in early 2025.Sina Navigation: The project won the bid of 145 million yuan. Sina Navigation announced that the company recently received the bid-winning notice of "2024 GNSS/MET water vapor observation station procurement project" with the bid-winning amount of 145 million yuan. If the formal contract is signed and implemented smoothly, it will have a positive impact on the company's operating performance. At present, the company and the tenderer have not signed a formal contract, and the total project amount and specific implementation contents shall be subject to the formal contract.CITIC Bank: Redemption of open-ended capital bonds. CITIC Bank announced that from December 9 to December 11, 2019, it issued RMB 40 billion of open-ended capital bonds (hereinafter referred to as "current bonds"), and on December 12, 2019, it issued the Announcement of China CITIC Bank Corporation on the Completion of Issuance of Open-ended Capital Bonds. According to the relevant provisions of the prospectus of this issue, this issue has the issuer's conditional redemption right, and the issuer has the right to redeem this issue in whole or in part on the interest payment date of the fifth year of this issue, that is, December 11, 2024. As of the date of this announcement, with the approval of the State Financial Supervision and Administration, the Bank has exercised the right of redemption and redeemed the bonds in full.
The European Stoxx 600 Bank Stock Index hit a new high since August 2015, up 0.27%.Analysts commented on the US CPI in November: the data is in line with expectations, and there may be four interest rate cuts next year. Brian Jacobsen, chief economist of Annex Wealth Management, said: "There is nothing unexpected in the CPI report, and everything is in line with expectations. Housing cost is still the main driver of inflation. With the employment report and inflation report, nothing can stop the Fed from cutting interest rates by 25 basis points next week. What will be exciting is the summary of the Fed's economic forecast. There may be four interest rate cuts in 2025, and inflation will eventually fall to the target level. "The China Securities Association held a plenary meeting of the professional committee on securities brokerage, wealth management and asset management, which was held in Beijing on December 3rd. The meeting stressed that the securities industry should focus on its main business, optimize supply, improve its value creation ability, form a diversified financial product and service system suitable for the needs of various investors, and implement the strategic layout of "five big articles"; Adhere to the customer-centered, practice the development concept of finance serving the country and finance serving the people, and correctly handle the relationship between functionality and profitability; Actively serve the national strategic needs, optimize product design, innovate service models, and provide more long-term financial support for the real economy. The meeting summarized the key work of the Committee in 2024 and discussed the work plan for 2025. In the next stage, the Committee will further play its role as a platform for communication, deliberation and handling affairs, unite industry consensus, guide the industry to focus on its main business, give full play to the functions of wealth managers, continuously improve its professional service capabilities, provide full chain services for investors' property preservation and appreciation, and help the high-quality development of the capital market.
OPEC Monthly Report: Russia slightly cut its oil production in November. On Wednesday, OPEC quoted data from second-hand sources as saying that Russia's crude oil production in November decreased slightly by 0.7 million barrels per day to about 8.99 million barrels per day. This is basically consistent with Russia's monthly production quota of 8.98 million barrels under the OPEC+agreement (including voluntary production reduction). Russia promised to cut production in October and November this year and from March to September next year to make up for the excess production since April. The output of Iraq and Kazakhstan has also been higher than the target, and they also promised to further reduce production to compensate for their excess production.The price of gold is expected to break through the market. The key data of the United States are expected tonight, and the price of gold is basically flat on Wednesday. The market expects the key inflation data of the United States, which may affect the general expectation of interest rate cuts and provide more clues for the outlook in 2025. Rhona O‘Connell, an analyst at StoneX, said that the market is concerned about the upcoming inflation data and will pay attention to President Powell's post-meeting comments next week for further policy insights. O' Connell added that the price of gold was once stagnant but showing signs of recovery. The recent rebound was driven by geopolitical risks, and the price of gold reached the upper limit of the range, but did not break through the high point. Kyle Rodda, a financial market analyst in Capital.com, said: "The expected data almost gives the Fed a green light to cut interest rates next week, which may be a gold price catalyst." Goldman Sachs said that the main downside risk of predicting that gold will be $3,000 per ounce by the end of 2025 is that the Fed will cut interest rates, not that the dollar will strengthen. Goldman Sachs predicts: "If the Fed cuts interest rates again, the price of gold will rise to $2,890 per ounce."Kremlin: Actions in the Golan Heights and the buffer zone are unlikely to help stabilize the situation in Syria.
Strategy guide 12-13
Strategy guide
12-13