types of cryptocurrency to invest in Top Top stories

President of the European Central Bank: The euro zone economy continues to be weak and is still preparing to cut interest rates further. On December 12, local time, after the European Central Bank announced its decision to cut all three key interest rates by 25 basis points, President Lagarde of the European Central Bank subsequently held a press conference. She said that the Governing Council of the European Central Bank unanimously agreed to cut interest rates by 25 basis points, mainly based on the latest assessment of the current inflationary pressure, future prospects and the transmission degree of monetary policy to the real economy. On the same day, the European Central Bank also released the latest macroeconomic forecast, further lowering its expectations for economic growth in the euro zone. Lagarde said that poor economic development and continued weakness are worrying. She said that trade friction may drag down economic growth, and extensive geopolitical development is one of the upward risks of inflation. In view of the fact that the current economic growth in the euro zone is hit by domestic political instability in various countries, especially large economies such as Germany and France, and may face the threat of punitive tariffs imposed by US President-elect Trump, the European Central Bank is still preparing to cut interest rates further. Lagarde said that the ECB Council is determined to ensure that inflation is sustainable and stable at the medium-term target of 2%. The next interest rate decision is scheduled for January 30, 2025.Southeast Asian Stock Market | On Thursday (December 12), the Vietnam Stock Exchange index closed down 0.12% at 1267.35 points. Vietnam Ho Chi Minh Stock Exchange /VN 30 Index closed down 0.07% at 1335.55 points.LME metal futures closed down, while LME copper futures closed down $100 to $9092/ton. LME aluminum closed down $2 to $2,600/ton. LME zinc futures closed down $50 to $3,075/ton. LME lead closed down $38 to $2006/ton. LME nickel futures closed up $310 to $16,168/ton. LME tin closed down $423 to $329,534/ton. LME cobalt was flat at $24,300/ton.

LME metal futures closed down, while LME copper futures closed down $100 to $9092/ton. LME aluminum closed down $2 to $2,600/ton. LME zinc futures closed down $50 to $3,075/ton. LME lead closed down $38 to $2006/ton. LME nickel futures closed up $310 to $16,168/ton. LME tin closed down $423 to $329,534/ton. LME cobalt was flat at $24,300/ton.Italian 10-year bond yields rose 14 basis points to 3.33%.The yield of 2/10-year German bonds rose by about 8 basis points at most. At the end of the European market on Thursday (December 12), the yield of German 10-year government bonds rose by 7.8 basis points to 2.205%, which was in a rising state for most of the day. It was as low as 2.123% at 21:56 Beijing time (shortly after the press conference of European Central Bank President Lagarde began, before the US stock market closed), and then rebounded. The yield of two-year German bonds rose by 7.3 basis points, reaching a new high of 2.204%, which was 1.915% lower than the new low of 21:43 (after the European Central Bank announced the third interest rate cut in the year, after the release of American PPI and before the start of Lagarde's press conference). The yield of 30-year German bonds rose by 6.9 basis points to 2.445%, which was on the rise all day. The yield spread of 2/10-year German bonds rose by 0.838 basis points to +18.116 basis points, and rose to +20.614 basis points at 21:43. British 10-year bond yields rose by 4.6 basis points, and two-year British bond yields rose by 2.3 basis points. The yield spread of 2/10-year British bonds rose by 2.311 basis points to +8.709 basis points.

US National Security Adviser Sullivan: I believe we are close, but it is still unclear whether we will achieve a ceasefire; The Israeli government has expressed its wish to see an agreement, and we have seen Hamas's actions.Google: The first device equipped with Android XR is made by Samsung and will be available next year.US National Security Adviser Sullivan: I believe we are close, but it is still unclear whether we will achieve a ceasefire; The Israeli government has expressed its wish to see an agreement, and we have seen Hamas's actions.