ASIA:China will likely unleash 2.28 trillion yuan ($319 billion) of next year’s special local bond quota by the end of December, state media reported, a sign Beijing is moving early to boost growth in 2024. Authorities are expected to distribute 60% of next year’s special local government bond quota to provinces ahead of time, according to the Securities Daily. The newspaper cited Feng Lin, a senior analyst with Golden Credit Rating, in its report, along with several key members.The major Asian stock markets had mixed day today:
The major Asian currency markets had a mixed day today:
The above data was collected around 16:13 EST.Precious Metals:Gold increased 3.16 USD/t oz. or 0.15% to 2,044.05Silver decreased 0.001 USD/t. oz or 0.00%% to 25.003The above data was collected around 16:15 EST.Some economic news from last night:Australia:Construction Work Done (QoQ) (Q3) increased from 0.4% to 1.3%New Zealand:RBNZ Interest Rate Decision remain the same at 5.5%EUROPE/EMEA:An influential committee of European Union lawmakers voted in favor of a bill to move the clearing of euro-denominated derivatives from London to the bloc after Brexit. The European Commission could impose mandatory volumes only after completing a cost-benefit analysis to assess the impact on the financial stability and international competitiveness of EU counterparties, the committee said. The European securities regulator ESMA would also have to become a direct supervisor of EU-based clearers.The major Europe stock markets had a mixed day today:
The major Europe currency markets had a mixed day today:
The above data was collected around 16:21 EST.Some economic news from Europe today:Germany:German CPI (MoM) (Nov) decreased from 0.0% to -0.4%German CPI (YoY) (Nov) decreased from 3.8% to 3.2%Spain:Spanish CPI (YoY) (Nov) decreased from 3.5% to 3.2%Spanish HICP (YoY) (Nov) decreased from 3.5% to 3.2%US/AMERICAS:JPMorgan Chase CEO Jamie Dimon stated that if the US government ordered the bank to leave China, it would comply. Dimon emphasized the complexity of relations with China and the necessity to engage with China and the US government. This statement comes amid growing geopolitical tensions and concerns about China’s potential actions regarding Taiwan. Dimon’s recent comments contrast with his previous commitment to doing business in China, reflecting the evolving dynamics of US-China relations and their impact on multinational banking.US Market Closings:
Canada Market Closings:
Brazil Market Closing:
ENERGY:The oil markets had a mixed day today:
The above data was collected around 16:24 EST.
The above data was collected around 16:30 EST.BONDS:Japan 0.679%(-7.7bp), US 2’s 4.64% (-0.095%), US 10’s 4.2609%(-7.51bps); US 30’s 4.44% (-0.082%), Bunds 2.425% (-6.8bp), France 2.992% (-7.1bp), Italy 4.172% (-8.9bp), Turkey 25.64% (-67bp), Greece 3.643% (-12.8bp), Portugal 3.101% (-6bp), Spain 3.428% (-7.4bp) and UK Gilts 4.098% (-7.6bp).The above data was collected around 16:33 EST.More By This Author:
