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2024-12-13 04:11:35

India appointed Sanjay Malhotra as the governor of the Bank of India. On December 9th, the Indian government appointed Sanjay Malhotra as the new governor of the Reserve Bank of India (the Bank of India) for a term of three years. Shakti Kanta Das's term of office will end this month.EU leaders called on Germany to lift the borrowing ceiling to protect the economy.German Finance Minister: The German government is optimistic that European fiscal rules will be properly implemented.


 New york cocoa futures on the Intercontinental Exchange jumped more than 4% to $10,271 a ton.Shenwan Hongyuan Securities interprets the meeting of the Political Bureau in December: highlighting "expanding domestic demand in all directions" and "stabilizing the property market stock market". Shenwan Hongyuan Securities Research Report pointed out that in December, Politburo meeting of the Chinese Communist Party's discussion on next year's economic work was more refined, guiding the direction of future policies, such as "expanding domestic demand in all directions". The meeting rarely emphasized "stabilizing the property market and stock market", highlighting that the current policy pays more attention to the impact of asset-side performance on the real economy. The positive signal of the policy is being released continuously, and more specific deployment focuses on the upcoming Central Economic Work Conference in December. In terms of fiscal and monetary policies, the positive degree of macro-policy adjustment is relatively rare. The meeting proposed "implementing more positive and promising macro-policies" and "strengthening unconventional counter-cyclical adjustment". Under the "more active" fiscal policy, it may be worth looking forward to actively using the central deficit space that can be improved. Under the tone of "moderate easing", monetary policy may pay more attention to internal balance, and the RRR cut can be expected.


Kaitou Macro: The fall of Assad is unlikely to have a major impact on the energy market. Jason Tuvey, an analyst at Kaitou Macro, said that the fall of former Syrian President Assad is not expected to have a major impact on the energy market. The economist said that even at the peak of about 600,000 barrels per day in the early 21st century, Syria's oil production only accounted for a small part of the global oil supply, and since the beginning of the civil war in 2011, Syria's oil production has declined. At present, the country's oil production is less than 100,000 barrels per day, and most of the country's oil infrastructure has been destroyed. In a report to clients, Tuvey said: "Even if the political situation stabilizes, it will take years or even decades to rebuild, and its economy may never return to the pre-war scale. The situation in the energy market is similar. "At least two people were killed when a fuel depot exploded in central Italy. On December 9, local time, a fuel depot exploded in the suburb of Florence in central Italy, killing at least two people and injuring eight others. The reporter at the reception desk was informed that the explosion caused a fire, but the fire was limited to the loading and unloading area of the fuel depot. The local civil defense department asked nearby residents to close their windows and stay away from the fuel depot area. After the explosion, some railway operations from Florence to Bologna were suspended, and the expressway exit near the fuel depot was closed in both directions. It is understood that the fuel depot belongs to Eni Group, a major Italian energy company.The British Chancellor of the Exchequer called on the EU to remove "unnecessary" trade barriers to Britain. It is reported that during his landmark visit to Brussels, British Chancellor of the Exchequer Reeves called on the EU to remove "unnecessary" trade barriers to Britain in order to promote economic growth. She said that in view of the fact that both Britain and the European Union are "struggling" in terms of economic growth, her goal is to persuade finance ministers of various countries to improve their post-Brexit relations. She said: "The first task of this government is to develop the economy ... and see the improvement of people's living standards. The fact is that these unnecessary trade barriers will lead to a decline in living standards and make it more difficult for British companies to be competitive on the global stage. " She added: "We all want to see our economy grow faster and be more competitive in the world ... One way to achieve this goal is to reduce some trade barriers. This is one of the arguments I will put forward when I meet my European counterparts today. "

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