CITIC Securities: It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. CITIC Securities Research Report believes that the Central Economic Work Conference will be held in Beijing. On the whole, the policy level is fully aware of the grim situation that external pressure may increase significantly within next year, and has put forward a series of requirements such as stable growth, stable prices, stable employment and stable people's livelihood. From the perspective of fiscal policy, the amount of financial instruments supporting the real economy will be comprehensively increased, the government's disposable financial resources will be significantly improved, and the fiscal expenditure structure will be tilted to the marginal consumption of people's livelihood. From the perspective of monetary policy, the meeting called for the implementation of a moderately loose monetary policy, timely lowering the RRR and cutting interest rates. We expect the reverse repo rate to drop by 40-50bps next year, and the LPR and loan interest rates may drop even more.ECB sources: Some people think that the ECB overestimates economic growth. In the case of Trump's tariff increase, the economic growth next year may be less than 1%.ECB sources: Some people think that the ECB overestimates economic growth. In the case of Trump's tariff increase, the economic growth next year may be less than 1%.
Fitch: The prospect of global shipping industry in 2025 is stable.UBS reduced ExxonMobil's target price from $149.00 to $147.00.Freddie Mac: mortgage interest rates dropped for three weeks to 6.60%.
Smith, Governor of Alberta, a major Canadian oil town: We don't agree to cut oil and gas exports to the United States.The USD/CHF broke through the 0.8900 mark, and the latest price was 0.8901, up 0.67% in the day.Precious metal futures continued to fall, and the main contract of Shanghai Bank fell by nearly 2%, and it is now reported at 7798 yuan/kg; The main contract of Shanghai Gold fell by nearly 1% and is now reported at 623.08 yuan/gram.