WTI crude oil futures fell below $70/barrel, down 0.43% in the day; Brent crude oil fell 0.43% in the day to $73.05/barrel.German Finance Minister: We need to work together on initiatives to strengthen the European economy.European Central Bank President Lagarde: Economic growth is losing momentum.
NATO Secretary General Rutte: We will need to spend far more than 2% of GDP on national defense.Analysis: Lagarde's speech increased the market's bet to cut interest rates by 50 basis points. In December, the European Central Bank lowered its economic forecast and inflation forecast. At the press conference, European Central Bank President Lagarde paid attention to the downside risks of economic growth, especially mentioning that trade friction may put pressure on economic growth, and also mentioned that they discussed cutting interest rates by 50 basis points. Therefore, the atmosphere of the whole meeting is biased towards doves. The market then increased its bet on a 50 basis point rate cut after January. Although the possibility of a sharp interest rate cut in January is stable at 30%, the possibility of a 50 basis point interest rate cut in March has increased from 30% before the meeting to 40%, and the possibility of a 50 basis point interest rate cut in April has increased from 0% to 5%.WTI crude oil futures fell below $70/barrel, down 0.43% in the day; Brent crude oil fell 0.43% in the day to $73.05/barrel.
European Central Bank President Lagarde: The economy will strengthen over time.Central Economic Work Conference: Implementing the Medical and Health Foundation Project and Formulating the Policy of Promoting Birth, which was held in Beijing from December 11th to 12th. The meeting proposed to implement employment support plans for key areas, key industries, urban and rural grassroots and small and medium-sized enterprises to promote the employment of key groups. Strengthen the protection of workers' rights and interests in flexible employment and new employment forms. We will implement policies to help industries and employment, ensure that large-scale return to poverty does not occur, and ensure the basic livelihood of people in need. Promote the high-quality and balanced development of compulsory education and solidly promote the expansion of high-quality undergraduate courses. Implement the medical and health foundation project and formulate policies to promote fertility. Develop community-supported home-based care for the aged and expand inclusive care for the aged. Adhere to and develop the "Fengqiao experience" in the new era and strengthen the public security system. (Xinhua News Agency)German 2-year bond yields rose by 1 basis point to 1.96%.
Strategy guide
Strategy guide 12-14