Market News: The Director of the Federal Aviation Administration will step down on January 20th.Trump: If Kennedy Jr. takes action, he will have a "big discussion" on ending the children's vaccination program.NATO Secretary General Rutte: We will need to spend far more than 2% of GDP on national defense.
Central Economic Work Conference: Keep the RMB exchange rate basically stable at a reasonable and balanced level. The Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting proposed to implement a moderately loose monetary policy. Give full play to the dual functions of the total amount and structure of monetary policy tools, reduce the RRR and interest rates in a timely manner, maintain sufficient liquidity, and match the scale of social financing and the growth of money supply with the expected goals of economic growth and overall price level. Keep the RMB exchange rate basically stable at a reasonable and balanced level. Explore and expand the macro-prudential and financial stability functions of the central bank, innovate financial instruments, and maintain the stability of the financial market.The yield of German 2-year government bonds fell by 3 basis points to 1.92%, the lowest since December 3.European Central Bank President Lagarde: Labor cost growth will slow down.
European Central Bank President Lagarde: Enterprises are curbing investment, exports are weak, and labor demand continues to weaken. The employment opportunities created are decreasing, so economic development should be strengthened, and the economic rebound is slower than expected.Qualcomm appointed BAAZIZ ACHOUR as Chief Technology Officer.European Central Bank President Lagarde: The uncertainty brought by the next US administration is not within the forecast benchmark.