Traders closed the US federal funds rate in future positions before the release of key data. The federal funds futures market continued to be active on Monday, and capital flows were sold off in the US market in early trading. Then the open positions of January and February contracts fell, indicating that the market closed before the release of November CPI data on Wednesday.Qatar Foreign Ministry spokesman: There should be no foreign interference in Syria.AuAg Funds: It is estimated that the target price of gold in 2025 is 3,000-3,300 US dollars per ounce. Eric Strand, CEO of AuAg Funds, said in an interview with the media on Tuesday that the target price of gold in 2025 is expected to be 3,000-3,300 US dollars per ounce. Eric Strand said that in 2024, the price of gold exceeded market expectations, hitting $2,790 per ounce in October, although the market has since fallen back. He stressed that the central bank's interest rate cuts and continued inflation will push the price of gold to 3,000-3,300 US dollars per ounce in 2025. The change of gold/silver ratio shows that the price of silver still has the potential to continue to rise. He also said that regional tensions, persistent inflation and consumption growth of the middle class in emerging markets will continue to push gold and silver prices higher.
General Administration of Customs: Import and export of general trade and processing trade increased. According to customs statistics, in the first 11 months, China's general trade import and export was 25.5 trillion yuan, an increase of 3.7%, accounting for 64.1% of China's total foreign trade. Among them, the export was 15.04 trillion yuan, up by 7.9%; Imports reached 10.46 trillion yuan, down 1.8%. In the same period, the import and export of processing trade was 7.22 trillion yuan, up by 3.6%, accounting for 18.1%. Among them, exports were 4.58 trillion yuan, an increase of 1.8%; Imports reached 2.64 trillion yuan, up 6.9%. In addition, China's import and export by bonded logistics was 5.64 trillion yuan, an increase of 13%. Among them, exports were 2.2 trillion yuan, an increase of 10.9%; Imports reached 3.44 trillion yuan, up by 14.4%.Big Dipper: It is planned to use its own funds of 167 million yuan to increase the capital of its holding subsidiary, Zhendian Technology. Big Dipper announced that the company held a board meeting and a board of supervisors on December 9, 2024, and reviewed and approved the proposal of using its own funds of 167 million yuan to increase the capital of its holding subsidiary, Zhendian Technology. The amount of capital increase accounts for 3.00% of the company's audited net assets in 2023, and other shareholders of Zhendian Technology give up this capital increase in the same proportion. Zhendian Technology is mainly engaged in GNSS data operation and service business, which is an important component of the company's "smart location digital base". After the completion of this capital increase, the registered capital of Zhendian Technology will reach 261 million yuan. This capital increase constitutes a connected transaction, but it does not constitute a major asset restructuring.Navigation warning! In the sea shooting test in the southern part of the Yellow Sea, Lianyungang Maritime Safety Administration issued a navigation warning. From 8: 00 to 14: 00 on December 11, some sea areas in the southern part of the Yellow Sea were fired with live ammunition, and it was forbidden to enter. (Website of China Maritime Safety Administration)
Newly issued loans exceed one trillion yuan! The work mechanism of financing coordination for supporting small and micro enterprises has been accelerated and effective. According to the data of the State Financial Supervision and Administration on December 10th, since the start of the work mechanism of financing coordination for small and micro enterprises, all localities and banks have responded quickly, started all the work of the mechanism in time, figured out the business conditions and financing needs of enterprises, actively provided loan support, and achieved phased results. By the end of November, all localities had visited 12.072 million small and micro business entities based on the working mechanism, of which 1.942 million were included in the "declaration list" and 1.303 million were included in the "recommendation list". Banks granted 2.2 trillion yuan of new credit and 1.2 trillion yuan of new loans to "recommended list" business entities. In October this year, the General Administration of Financial Supervision and the National Development and Reform Commission took the lead in establishing a financing coordination mechanism to support small and micro enterprises, and made efforts from both ends of supply and demand to build a bridge between banks and enterprises, which became a new exploration and new path to solve the financing difficulties of small and micro enterprises. At present, the financing coordination mechanism has been accelerated and the results have been obvious. (Xinhua News Agency)Under the expectation of the central bank's interest rate, the pound/euro rose to a high of more than two and a half years, and the pound/euro once rose to a high of more than two and a half years, because investors expected the European Central Bank to cut interest rates on Thursday and provide some dovish guidance, while the Bank of England is expected to maintain its current policy next week. Earlier, some media quoted Bank of England Governor Bailey as saying that the Bank of England had included four interest rate cuts in 2025 in the latest economic forecast. Another analyst predicts that US tariffs will harm the euro zone economy and the euro. However, as Bank of England Commissioner Greene said, its impact on Britain is still unclear. Jane Foley, senior foreign exchange strategist at ABN amro, said: "This raises the question of whether the pound can reach the level before the Brexit referendum in the foreseeable future." Before the Brexit referendum, the trading range of the euro against the pound was mainly below 0.80. "We expect that the euro will face pressure next year, which may keep the euro/pound on a slow downward track. This shows that the level before Brexit may appear quietly. "China's annual export rate in November was 5.8%, the previous value was 11.20%. China's annual import rate in November was -4.7%, while the previous value was -3.70%.