crypto coins website Top Knowledge

European Central Bank President Lagarde: Eurozone banks remain resilient.Ceng Gang, Shanghai Finance and Development Laboratory: Judging from the economic situation and policy space, it is still possible to lower the RRR and cut interest rates in the future. The Central Economic Work Conference proposed to implement a moderately loose monetary policy. In this regard, Ceng Gang, chief expert and director of Shanghai Finance and Development Laboratory, said that the tone of "moderately loose" monetary policy is in the same strain as that of Politburo meeting of the Chinese Communist Party. China's monetary policy has been adjusted from "steady" to "moderately loose", aiming at boosting economic growth and alleviating downward pressure through a more active monetary policy, while providing support for key areas and structural adjustment. In response to the expression of "timely RRR cuts and interest rate cuts", Ceng Gang believes that from the current economic situation and policy space, it is still possible to implement RRR cuts in the future, especially in targeted cuts to required reserve ratios, to release long-term liquidity; The possibility of interest rate cuts is also greater, and it is expected that a one-time large-scale interest rate cut will be implemented at the end of this year or early next year. (SSE)European Central Bank President Lagarde: The European Central Bank did not discuss neutral interest rates this week. Many things will become clear in the next few months, not in the next few weeks.

Central Economic Work Conference: Deepen the comprehensive reform of capital market investment and financing, and open up the blocking points of medium and long-term funds entering the market. The Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting proposed to give play to the traction role of economic system reform and promote the implementation of landmark reform measures. High-quality completion of the deepening and upgrading of state-owned enterprise reform, the introduction of private economy promotion law. Carry out special actions to standardize law enforcement involving enterprises. Formulate guidelines for the construction of a unified national market. Strengthen supervision and promote the healthy development of platform economy. Make overall plans to promote the reform of the fiscal and taxation system and increase local independent financial resources. Deepen the comprehensive reform of investment and financing in the capital market, open up the blocking points of medium and long-term funds entering the market, and enhance the inclusiveness and adaptability of the capital market system.European Central Bank President Lagarde: Since July 2023, the flexibility of the Emergency Anti-epidemic Bond Purchase Program (PEPP) has not been used, and the transmission protection tool (TPI) has not been discussed.The yield of German 2-year government bonds fell by 3 basis points to 1.92%, the lowest since December 3.

Market News: Japan and the United States are looking for technologies to counter the threats of biology and misinformation.Dutch International Bank: The European Central Bank will continue to cut interest rates in the new year, Carsten Brzeski, macro director of Dutch International Bank, wrote in a report to customers that the European Central Bank will take action again to reduce borrowing costs. The euro zone central bank cut interest rates by 25 basis points on Thursday, in line with expectations. Inflation is still a worrying problem, but the resistance to growth is even greater, especially the financial crisis in France and the threat posed by the US tariff on European goods. He said that with the change in the tone of the European Central Bank, the bank may cut interest rates again in the new year.Analysis: The initial application data in the United States unexpectedly rose, and the number of initial jobless claims in the United States unexpectedly rose last week. The number of people receiving unemployment benefits continued to increase at the end of November compared with the beginning of the year, due to the cooling of labor demand. The US Department of Labor announced on Thursday that as of the week of December 7, the number of initial jobless claims increased by 17,000 to 242,000 after seasonal adjustment. Economists had expected that the number of initial jobless claims last week was only 220,000. The jump in initial jobless claims last week may reflect the fluctuation after the Thanksgiving holiday, but it may not mark a sudden change in the job market. The number of initial jobless claims may still fluctuate in the next few weeks, which may make it difficult to understand the job market clearly.