Interpretation of the Political Bureau Meeting in December by CITIC Securities: It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. CITIC Securities Research Report pointed out that a new round of policy starting guns will be fired, and the policy inflection point will be reconfirmed, making it clear that the macro policy will be strengthened and effective in 2025. From the perspective of fiscal policy, the meeting called for the implementation of a "more active fiscal policy" and enriched the policy toolbox, which may indicate that in 2025, both deficit ratio in a narrow sense and deficit ratio in a broad sense will be significantly improved, and the focus of policy development is also expected to be marginal in the field of people's livelihood consumption. From the perspective of monetary policy, this Politburo meeting calls for the implementation of a moderately loose monetary policy. This is the first time that China has implemented a moderately loose monetary policy after 2010. It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. From the perspective of domestic demand policy, the statement of expanding domestic demand in an all-round way, especially "vigorously boosting consumption", exceeds market expectations. With the support of the existing policies coming into effect and the policy of increasing domestic demand, the improvement of domestic demand may have strong certainty and sustainability. In addition, in terms of structural policies, on the one hand, the meeting clearly stated that it is necessary to "stabilize the property market and the stock market", and the importance of the stock market continues to be highlighted, and real estate is still in the policy landing period; On the other hand, the meeting emphasized that "scientific and technological innovation leads the development of new quality productive forces", and new industries and future industries are expected to receive further policy support.Market News: Australia and Nauru have reached an $89 million security and economic treaty.Zelensky said that it is "meaningless" to discuss with Trump about inviting Ukraine to join NATO. What he said now is not counted. According to a report in Russia Today (RT) on the 9th, Ukrainian President Zelensky said that it is "meaningless" to discuss with US President-elect Trump about inviting Ukraine to join NATO. What he said now is not counted. According to the report, Zelensky said that Trump has not yet entered the White House, so what he said now is not counted. In addition, Zelensky added, "If I have the opportunity to communicate with President Biden and ask him to join NATO, I will call him as soon as possible." (World Wide Web)
VinFast's second factory in Vietnam has doubled its production capacity to accelerate global expansion. VinFast Auto, a Vietnamese electric vehicle manufacturer, announced its expansion plan to build a second production plant in Vietnam, with a view to doubling its production capacity and meeting the growing market demand for its small and medium-sized models. The new factory is expected to have an annual production capacity of 300,000 vehicles, which is the same as the company's existing factory in Haiphong, and is scheduled to be put into production in July next year. In addition, VinFast also announced plans to establish assembly plants in Indonesia and India, and postponed the start-up time of the factory originally scheduled for North Carolina to 2028. These measures mark the further expansion and deepening of VinFast in the global electric vehicle market.Market information: Tim Kuniskis, the boss of Dodge and Ram, has returned to Stratlandis Stratlandis. Earlier in 2024, Tim Kuniskis resigned as an executive in Stellantis.The CFPB of the United States ordered the supervision of Alphabet to file a lawsuit to fight back. The Consumer Financial Protection Agency (CFPB) announced that it ordered the federal supervision of Google Payment under Alphabet and determined that the services provided by Google Payment posed risks to consumers. Google Payment has filed a lawsuit against the authorities' decision.
Market information: Tim Kuniskis, the boss of Dodge and Ram, has returned to Stratlandis Stratlandis. Earlier in 2024, Tim Kuniskis resigned as an executive in Stellantis.Pre-market news of U.S. stocks: ① Stock index futures of U.S. stocks fell slightly before the market closed on Monday, global stock markets remained stable, and investors digested geopolitical turmoil. ② As of press time, Dow futures fell 0.07%, S&P 500 futures fell 0.11%, and Nasdaq futures fell 0.15%. (3) Germany's DAX index fell by 0.10%, Britain's FTSE 100 index rose by 0.26%, France's CAC40 index rose by 0.34%, and Europe's Stoxx 50 index fell by 0.02%. ④WTI crude oil rose 1.21% to $68.01/barrel. Brent crude oil rose 1.00% to $71.83/barrel. ⑤ The next test of the financial market is the US consumer price report on Wednesday, which will provide the Fed policymakers with a final observation of the inflation environment before the last meeting this year. The core data is expected to remain at 3.3% in November, which should not hinder the interest rate cut. 6. Analysts of Wall Street banks have basically published their annual forecasts. Their average forecast is that the S&P 500 index will rise by about 10%, which is in line with the historical average. 7 Tesla's share price rose more than 2% before the market, approaching a record high, and the sales growth target for next year is 20-30%. Today, NVIDIA's pre-market diving fell by more than 2%, and the General Administration of Market Supervision decided to file an investigation according to law. Pet-name ruby ultra-micro computers rose more than 12% before trading, and the request for delaying the submission of financial reports was approved by Nasdaq.Insiders: It is expected that the second car of Xiaomi, YU7, will mark Tesla Model Y,12 On December 9, the second car of Xiaomi Automobile officially landed in the Ministry of Industry and Information Technology. According to the information of the Ministry of Industry and Information Technology, the second model of Xiaomi Automobile is a pure electric SUV, and the trailer label shows that this model is named "YU7". The new car is 4999mm long, 1996mm wide and 1600mm high, with a wheelbase of 3000mm and a top speed of 253 km/h. Previously, the appearance and interior spy photos of Xiaomi YU7 have been exposed. In appearance, the new car continues many family design elements of Xiaomi SU7 in design, but the semi-hidden door handle has become a hidden door handle. In addition, because the new car body looks similar to Ferrari Purosangue, it has also been dubbed "Farami" by netizens. According to the analysis of insiders, Xiaomi SU7 is against Tesla Model 3, and it is expected that Xiaomi's second car YU7 will be against Tesla Model Y.. (CBN)
Strategy guide
12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
12-13