digital currency pros and cons Top Block

The Nikkei index rose above 40,000 points, and the US CPI data supported the Fed's interest rate cut expectations. The Japanese stock market climbed with the technology stocks, and the US inflation met expectations, which supported the Fed's interest rate cut expectations this month. After the yen weakened late yesterday, the shares of export enterprises also rose. The Topix index rose 1.2% to 2,783.63 points, and the Nikkei 225 index rose 1.7% to 40,038.02 points. The index rose above 40,000 points for the first time since October 15th.Guangxi Securities Regulatory Bureau issued a warning letter to Xinxunda and relevant responsible persons. According to the website of the CSRC, Guangxi Securities Regulatory Bureau issued a decision on taking measures to issue a warning letter to Guangxi Xinxunda Technology Group Co., Ltd. and relevant responsible persons. Among them, it is mentioned that Xinxunda has some problems, such as the occupation of non-operating funds of related parties and the failure to disclose them in time, the failure to review and disclose the external financial assistance in time, and the irregular management of insider registration. The Guangxi Securities Regulatory Bureau decided to issue warning letters to Xinxunda, Wu Chenghua, Wang Fabin, Yan Ming, Chen Gong, Li Yangang and Ye Yanzhen.The European Central Bank may no longer mention the need to adopt a "restrictive" policy to curb inflation. The financial market has completely digested the expectation that the European Central Bank will cut interest rates by 25 basis points on Thursday, and the possibility of a larger rate cut is close to zero. Any adjustment of the ECB's future guidance may be minimal. It may no longer mention the need to adopt "restrictive" policies to curb inflation, which is an implicit signal that interest rates will at least fall to the so-called neutral level. Lorenzo Codogno of LC Macro Advisors said: "In view of the great uncertainties in international geopolitics and policies, it is still appropriate to rely on data and determine the appropriate level and duration of restrictions one after another."

Softbank will invest in AI company Databricks, which seeks to raise at least $7 billion. （The Information）The three major stock indexes opened lower, with the Shanghai Composite Index down 0.01%, the Shenzhen Component Index down 0.02% and the Growth Enterprise Market down 0.19%.United Nations Report: The number of victims of human trafficking caused by poverty, conflict and climate change has surged. On December 11th, local time, the United Nations Office on Drugs and Crime said in its latest report covering 156 countries that the number of victims of human trafficking in the world has risen again after the decline during the COVID-19 pandemic. The Global Trafficking in Persons Report 2024 shows that the number of victims increased by 25% from 2019 to 2022. Vulnerability caused by poverty, conflict and climate crisis has led to the exploitation of children and a sharp increase in forced labor cases.

At the opening of the morning session, the main domestic futures contracts rose more and fell less. Fuel oil and low-sulfur fuel oil (LU) rose more than 2%, No.20 glue and SC crude oil rose more than 1%, and Shanghai tin, p-xylene (PX), soybean oil, vegetable oil and ethylene glycol (EG) rose nearly 1%. In terms of decline, soybean meal, BR rubber and Shanghai lead fell by nearly 1%.Retail stocks rose again, and Maoye Commercial, Zhongbai Group, Youa Shares, Liangpin Shop, Dashang Shares, Dongbai Group and other collective daily limit.USD/JPY fell 0.29% to 152.02.