Market highlights on December 7th cover the economy and stock market updates, and significant corporate developments.
Economic and Stock Market Updates:
U.S. Stock Market and Economic Indicators: U.S. equities concluded the session in negative territory, with the Nasdaq Composite index descending to a two-week nadir. The U.S. dollar exhibited strength, while WTI crude oil futures plummeted below $70, marking a nadir not witnessed since June. The November ADP Employment Report indicated a subpar increment in job additions, with wage growth registering a two-year low, indicative of a deceleration in economic expansion.
Global Market Anticipation and Policy Adjustments: Despite the European Central Bank's endeavors to shape market sentiments, the prevailing market outlook envisages six interest rate reductions totaling 150 basis points in the upcoming year, potentially commencing as early as March. The recently formulated investment guidelines for the National Social Security Fund sanction an augmentation of the upper limit for equity asset investments to 40%, concurrently mitigating management fees for externally managed investment portfolios.
Significant Corporate Developments:
Major Corporate Developments: NVIDIA CEO announces the introduction of new products for the Chinese market that comply with U.S. regulations. Wanda Group, under the leadership of Wang Jianlin, once again transfers 51% equity in Wanda Film, potentially leading to a complete change of ownership for Wanda Film.
New Developments in the Field of Artificial Intelligence: Google launches a new artificial intelligence model named Gemini, reportedly outperforming GPT-4 in multiple benchmark tests.
Regal Holdings Group Trading Suspension: Regal Holdings Group (08079) suspends trading, awaiting the release of insider information that may impact stock prices.
Renminbi Central Parity Adjustment: The central parity of the Renminbi against the U.S. Dollar has been adjusted.
Risk Warning and Disclaimer
The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Forex margin trading, also known as forex leverage trading or forex trading, is a form of financial derivative trading that involves buying and selling contracts for different currency pairs in the forex market.
TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.
