Chief Financial Officer of Citigroup: Holiday spending on branded credit cards increased year-on-year, and consumers performed well.Government of India: Appoint Ajay Seth, the current Minister of Economic Affairs, as Minister of Finance.SOMO, Iraq's national oil marketing organization: Iraq will set the official selling price of Basra Intermediate crude oil sold to North America and South America in January next year at a discount of $1.5 per barrel. Iraq will set the official sales price of Basra Intermediate crude oil sold to Europe in January next year at a discount of $5.5/barrel compared with the spot Brent crude oil price.
Reuters survey: 93 out of 103 economists believe that the Federal Reserve will cut the federal funds rate by 25 basis points to 4.25%-4.50% on December 18th.Chief Financial Officer of Citigroup: Facts have proved that the global economy is flexible.Market news: Egypt calls for a comprehensive political process in Syria.
Spot gold hit $2,680 per ounce for the first time since November 25th, rising by 0.74% in the day.The pace of interest rate cuts may be inconsistent. The pound rose to the highest level against the euro since 2022, and the pound rose to the highest level against the euro in more than two and a half years. British government bonds fell because the market expected that the Bank of England would cut interest rates less than Europe. On Tuesday, the pound rose 0.3% against the euro to 82.50p, the first time since April 2022. British government bonds fell across the board, and the 10-year yield rose to 4.33%, the highest since November 28. Traders expect the Bank of England to stay put at its last policy meeting this year next week and maintain a cautious stance on subsequent interest rate cuts. The country's growth remains strong, while inflation in some areas remains high. At the same time, it is widely believed that the European Central Bank will cut interest rates by 25 basis points on Thursday to support the economy. "The 0.8200 mark is imminent," said Brad Bechtel, global foreign exchange director of Jefferies. "It is clear that the Bank of England will still lag far behind the European Central Bank in the pace and extent of interest rate cuts.EUR/GBP fell 0.3% to 0.8249, the lowest point since March 2022.
Strategy guide
Strategy guide
12-13
Strategy guide
12-13