NATO Secretary General Rutte: We will need to spend far more than 2% of GDP on national defense.Market News: The Director of the Federal Aviation Administration will step down on January 20th.Macron said that it opposed the free trade agreement reached between the EU and MERCOSUR. On December 12th, local time, French President Macron, who was visiting Poland, said that he disagreed with the free trade agreement reached between the EU and MERCOSUR. Macron said that the impact of the agreement on the agricultural market caused widespread concern, and France would not sacrifice its agricultural sovereignty. On the same day, Macron also said that Europe must strengthen its investment in security, build a European defense base and reduce its strategic dependence on the outside world. The EU and MERCOSUR reached a trade agreement on December 6th. The Southern Common Market was established in 1991. At present, its members are Brazil, Argentina, Uruguay, Paraguay and Bolivia, of which the first four are founding members. The vast majority of goods among member countries are free to trade without tariffs, and a unified foreign tariff policy is implemented. It is understood that the trade agreement needs to be approved by at least 15 of the 27 EU member States, and it needs to be voted by the European Parliament before it can be approved. France, Poland and Italy opposed the agreement. (CCTV News)
Baiyang Pharmaceutical Group signed an agreement with Peking University Hospital. On December 12, Baiyang Pharmaceutical Group signed a cooperation agreement with Peking University No.1 Hospital, and obtained the exclusive right to patent, clinical development and registration, production and marketing of "targeted integrin small molecule inhibitor" in Peking University Hospital.Market news: STARBOARD VALUE shares in bitcoin mining company RIOT.Central Economic Work Conference: Deepen the comprehensive reform of capital market investment and financing, and open up the blocking points of medium and long-term funds entering the market. The Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting proposed to give play to the traction role of economic system reform and promote the implementation of landmark reform measures. 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.
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.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: The uncertainty brought by the next US administration is not within the forecast benchmark.
Strategy guide 12-13
Strategy guide
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
12-13