SOMO, Iraq's national oil marketing organization: Iraq set the official selling price of Basra Intermediate crude oil sold to Asia in January at a discount of $0.60/barrel compared with the average price of Oman/Dubai.The Economic Affairs Committee of the Brazilian Senate approved Nilton David as the director of the central bank's monetary policy.Dutch International: It is a foregone conclusion that the European Central Bank will cut interest rates by 25bp, and the euro should face another decline. Frantisek Taborsky, an international analyst in the Netherlands, said in a report that the euro may face a new round of decline after a short respite due to position adjustment in recent days. "However, to see more actions here, we must wait until the meeting of the European Central Bank on Thursday, when it should show the next direction." At the meeting of the European Central Bank, it seems a foregone conclusion to cut interest rates by 25 basis points. However, Taborsky said that the press conference may lead to discussions on further interest rate cuts later, which may put pressure on the euro.
Yuzhou Group's contracted sales in November was 781 million yuan, compared with 703 million yuan in the same period of last year; From January to November, the cumulative contracted sales amounted to 7.25 billion yuan.David, nominee of the board of directors of the Brazilian central bank: inflation expectations are higher than the target and the central bank needs to take resolute action. The process is underway.China Merchants Securities' salary adjustment: "The investment bank's salary is cut by half and the bonus is cancelled". It is reported that China Merchants Securities is taking more measures to reduce the salary. At present, the investment bank's salary is cut by half and the bonus is cancelled, so is the institutional department. A number of China Merchants Securities confirmed the authenticity of the above news to the trade wind, and also said that the "business entertainment expenses of the investment bank were basically cancelled". Affected by the slowdown of IPO rhythm, the equity business of China Merchants Securities Investment Bank has shrunk significantly. Wind data shows that since 2024, the amount of equity underwriting has been 8.181 billion yuan, down over 50% year-on-year.
The Ministry of Agriculture and Rural Affairs held working talks with the government of Inner Mongolia Autonomous Region, and the Ministry of Agriculture and Rural Affairs held working talks with the government of Inner Mongolia Autonomous Region on December 10th. Han Jun, Party Secretary and Minister of the Ministry of Agriculture and Rural Affairs, and Wang Lixia, Chairman of the Inner Mongolia Autonomous Region Government, attended the talks. The two sides conducted in-depth exchanges on key tasks such as jointly promoting the high-quality development of agriculture and animal husbandry. Han Jun said that the Ministry of Agriculture and Rural Affairs will further support Inner Mongolia to do a good job in agriculture and animal husbandry production, improve the quality of high-standard farmland construction, promote the large-scale yield increase of major crops such as grain and oil, consolidate the achievements of soybean expansion, strengthen the development of the whole industrial chain of grass industry, and promote the transformation and upgrading of herbivorous animal husbandry. Support Inner Mongolia to continue to consolidate and expand the achievements of poverty alleviation, promote rural construction according to local conditions, and jointly consolidate the agricultural foundation and rural revitalization in Inner Mongolia.Huang Runqiu, Minister of Ecology and Environment, met with Mariam, Chief Minister of Punjab, Pakistan. On December 10th, Huang Runqiu, Minister of Ecology and Environment, met with Mariam, Chief Minister of Punjab, Pakistan. The two sides conducted in-depth exchanges on issues such as environmental governance policies and measures and bilateral cooperation between environment and climate. Huang Runqiu introduced the measures and achievements of ecological environmental protection in China, and said that China is willing to continue to strengthen the sharing of environmental governance experience with Pakistan, such as air pollution prevention and control, and further promote exchanges and cooperation in environmental governance policies and technologies on the existing basis, so as to make positive contributions to the improvement of environmental quality in the two countries and global environmental governance.The loose monetary signal ignited the bond market. The yield of 10-year government bonds hit 1.83% and hit a new low. Affected by the loose monetary signal, the yield of 10-year government bonds once again hit a record low. During the session on December 10th, the yield of the 10-year active bond "24 Treasury Bond 11 with Interest" (240011) fell by 7.5BP (basis point) and hit 1.8300%, hitting a record low. The yield of 30-year active bond "24 Special Bond 06" (2400006) also went down all the way, falling to 2.0450%, down 4BP from the previous day. Treasury futures rose strongly all day, and the 30-year main contract closed up 1.37%, setting a record high. The ETF market of government bonds was all red, and the 30-year ETF rose by 1.87%. Politburo meeting of the Chinese Communist Party, held on the 9th, sent a signal of steady growth, which formed a favorable support for the bond market. For the economic work in 2025, the meeting first mentioned "extraordinary countercyclical adjustment", and the tone of monetary policy changed from "steady" that lasted for 14 years to "moderately loose". The loose monetary signal pushes the bond market to strengthen. According to industry analysts, the debt bull will continue in the future, and the yield of 10-year government bonds can be seen as low as 1.6%. However, there are also views that if the economic fundamentals continue to run in 2024 next year, the bond market yield will rebound in the future and need to be treated with caution. (CBN)
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13