News

Car sales in Indonesia fell 0.8% year-on-year in November.

According to Japan Broadcasting Association NHK: The Japanese government and the ruling party are considering expanding the tax rate range for the super rich to increase tax revenue.

Japan's long-term government bond yields rose, with the 30-year government bond yield rising 1.5 basis points to 3.395% and the 40-year government bond yield rising 3 basis points to 3.720%.

Hong Kong stocks rebounded, with the Hang Seng Index and Hang Seng Technology Index turning red one after another.

Spokesperson for South Africa’s Trade Minister: We continue to lobby for the extension of the U.S. trade initiative, the Africa Growth and Opportunity Act (AGOA), in its current form.

Dovish1. Federal Reserve Governor Milan: The economy needs a significant interest rate cut, and the Federal Reserve should lower interest rates to a neutral level as soon as possible. The Fed intends to shift its balance sheet more toward U.S. Treasuries. (November 25)2. Fed Governor Waller: Worrying about the labor market, inflation is not a big problem. It advocates a rate cut in December, which may be decided on a meeting-by-meeting basis. (November 24)3. New York Fed President Williams: The current monetary policy is still mildly restrictive. It is still believed that the Fed has room to cut interest rates in the near future without jeopardizing its inflation target. (November 21)4. Fed Governor Cook: It is possible to cut interest rates in December, but this will be based on the information collected during the period, especially if the government shutdown causes a delay in the release of official data. (November 4)5. Federal Reserve Board Governor Bowman: He has not expressed a stance on the outlook for interest rates recently and was originally inclined to cut interest rates. Neutral1. Federal Reserve Chairman Powell: Another interest rate cut in December is not a certainty, and the uncertainty of the action needs to be taken into consideration. If no new information becomes available and economic conditions do not change, then there will be grounds for slowing the pace of rate cuts. (October 31)2. Federal Reserve Board Governor Barr: Expressed concern that inflation is still at the 3% level. Monetary policy needs to be carefully formulated to balance risks. (November 20)3. Federal Reserve Governor Jefferson: As interest rates approach neutral levels, policymakers need to be more cautious in advancing policy adjustments. The unemployment rate is expected to rise slightly towards the end of the year. (November 17)4. Chicago Fed President Goolsby: Uneasy about the idea of ​​a significant interest rate cut in advance. In the medium term I think interest rates will come down, but we need to get through the current phase first. (November 21)Caution1. Kansas Fed Chairman Schmid: Further interest rate cuts may have a lasting impact on inflation. The case for keeping rates on hold in October still guides me until the December decision. (November 14)2. St. Louis Fed President Musallem: The current monetary policy is closer to neutral than slightly tight. This means that there is limited room for further easing without over-easing. (November 14)3. Boston Fed President Collins: Given the continued risks to the dual goals of inflation and employment, there are still reasons to be cautious about cutting interest rates in December. (November 22)

According to TASS: Russia’s Eastern Battle Group destroyed seven Starlink terminals.

The Australian state of Victoria will launch its first oil exploration tender in seven years, aiming to deal with natural gas supply risks caused by declining output from existing gas fields.

Hong Kong real estate stocks rose, with Vanke Enterprises (02202.HK) rising more than 17%, Ronshine China (03301.HK), China Jinmao (00817.HK), Sunac China (01918.HK), Jinhui Holdings (099 93.HK) rose more than 10%, Agile Group (03383.HK) rose more than 9%, CIFI Holdings Group (00884.HK), R&F Properties (02777.HK), Country Garden (02007.HK) followed suit.

According to the British Financial Times: Germany admits that it faces high barriers to entry for the post of President of the European Central Bank, but is still determined to "actively participate" in this competition for EU positions that no German is qualified for.

Australia's S&P/ASX200 index closed down 6.50 points, or 0.08%, on December 10 (Wednesday), at 8579.40 points.

According to the Financial Times: EU countries are seeking to bypass Hungarian Prime Minister Orban and take action on Russian assets before next week's European leaders' summit.

Amazon (AMZN.O): Plans to help India’s cumulative e-commerce exports reach US$80 billion by 2030.

Amazon (AMZN.O): Plans to invest more than $35 billion in India by 2030 and create 1 million additional jobs.

Japan Meteorological Agency: Neither El Niño nor La Niña is currently occurring, but current conditions are closer to La Niña.

Indonesian officials: Trade negotiations between Indonesia and the United States are still ongoing, and no specific issues have arisen during the negotiations.

Sources: Global aluminum producers are seeking in Japanese negotiations to set premiums at US$190-203 per ton from January to March next year, an increase of 121%-136% from this quarter's premium levels.

Market News: An Indonesian government spokesman denied reports that negotiations between Indonesia and the United States on tariff issues are in danger of breaking down.

Indonesian government source: According to the leaders’ joint statement, tariff negotiations between Indonesia and the United States are progressing as planned.

Japanese Prime Minister Takaichi Sanae: A weak yen has pros and cons.