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2024-12-14 11:33:21

The Bank of Canada cut interest rates by 50BP for the second consecutive month, and the Bank of Canada lowered its policy interest rate from 3.75% to 3.25%, which was the second consecutive month to cut interest rates by 50 basis points, in line with market expectations, and cut interest rates by 175 basis points during the year.Bank of Canada: The sharp interest rate cut is aimed at supporting economic growth and keeping CPI at a level close to 2%.Fitch: The progress of inflation decline seems to have ended. Brian Coulton, chief economist of Fitch, said that the decline of core commodity prices (the main force of inflation decline this year) seems to have ended. With the increase of automobile prices, the core commodity prices rose by 0.3% month-on-month. Service inflation is declining, but the rate of decline is very slow, because rent inflation is stubborn, and the service inflation is 4.6%, which is still far higher than the pre-epidemic level.


Yizi International's share price rose 3.8% at the opening, while Hershey's share price fell 5%.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.According to the news of China Securities Industry Association on December 11th, on December 5th, the meeting of directors and all members of regional equity market professional committee of China Securities Association was held in Chongqing. The meeting studied and implemented the spirit of the Third Plenary Session of the 20th CPC Central Committee and the new "National Nine Articles" in the capital market, and studied and discussed the key work of the Committee. The main person in charge of the China Securities Association, the relevant persons in charge of the Second Market Division of the China Securities Regulatory Commission, Chongqing Local Financial Administration and Chongqing Securities Regulatory Bureau attended the meeting, and more than 60 staff members of CSI Technology, Chongqing Securities and Futures Association and Securities Industry Association and Committee members attended the meeting.


Broadcom's share price rose 4.3% before the market closed.According to the news of China Securities Industry Association on December 11th, on December 5th, the meeting of directors and all members of regional equity market professional committee of China Securities Association was held in Chongqing. The meeting studied and implemented the spirit of the Third Plenary Session of the 20th CPC Central Committee and the new "National Nine Articles" in the capital market, and studied and discussed the key work of the Committee. The main person in charge of the China Securities Association, the relevant persons in charge of the Second Market Division of the China Securities Regulatory Commission, Chongqing Local Financial Administration and Chongqing Securities Regulatory Bureau attended the meeting, and more than 60 staff members of CSI Technology, Chongqing Securities and Futures Association and Securities Industry Association and Committee members attended the meeting.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.

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