European Central Bank President Lagarde: Reiterating the European Central Bank policy statement.The yield of German 2-year government bonds fell by 3 basis points to 1.92%, the lowest since December 3.German Finance Minister: We need to work together on initiatives to strengthen the European economy.
Analysis: The initial application data in the United States unexpectedly rose, and the number of initial jobless claims in the United States unexpectedly rose last week. The number of people receiving unemployment benefits continued to increase at the end of November compared with the beginning of the year, due to the cooling of labor demand. The US Department of Labor announced on Thursday that as of the week of December 7, the number of initial jobless claims increased by 17,000 to 242,000 after seasonal adjustment. Economists had expected that the number of initial jobless claims last week was only 220,000. The jump in initial jobless claims last week may reflect the fluctuation after the Thanksgiving holiday, but it may not mark a sudden change in the job market. The number of initial jobless claims may still fluctuate in the next few weeks, which may make it difficult to understand the job market clearly.Spot gold fell by $5 in the short term and is now reported at $2,704 per ounce.Trump was elected as Time Magazine's Person of the Year.
European Central Bank President Lagarde: Potential inflation and inflation continue to return to the target in the same direction.Institution: The European Central Bank may further cut interest rates by 100 basis points in 2025. Des Lawrence, an analyst at State Street Global Investment Management, said that after the European Central Bank cut interest rates by 25 basis points, it may cut interest rates by another 100 basis points in 2025. The senior investment strategist said in a report that the European Central Bank can and should cut interest rates further in the coming quarters. Lawrence said that the recent PMI data shows that the economic slowdown is expanding beyond the troubled manufacturing industry, and the service industry is also under pressure.European Central Bank President Lagarde: Economic growth is losing momentum.
Strategy guide
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Strategy guide