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2024-12-14 05:31:02

The French CAC40 index fell 1.00% in the day.Xingyuan Environment plans to sell some land use rights and factories for 86 million yuan. On the evening of December 10, Xingyuan Environment announced that in order to improve asset operation efficiency and revitalize existing assets, the company and Zhejiang Forest Light Technology Co., Ltd. signed the Land (Factory Building) Purchase and Sale Agreement to transfer industrial land and above-ground buildings located at No.2062 Moganshan Road, Liangzhu Street, Yuhang District, Hangzhou.The US dollar index continued to rise, and non-US currencies generally fell. The US dollar index continued to rise, rising by 0.4% to 106.6 in the day. Non-US currencies generally declined, and GBP/USD of the pound against the US dollar now fell by 0.19% to 1.2726; The euro fell 0.5% against the US dollar EUR/USD to 1.0500 in a day; The USD/JPY broke the 152 mark against the Japanese yen, rising by about 0.4% in the day.


Wang Yi attended the 25th anniversary of Sino-Vietnamese land boundary demarcation and the 15th anniversary of the signing of the "Three Legal Documents". On December 10th, 2024, the Political Bureau of the Communist Party of China (CPC) Central Committee Commissioner and Foreign Minister Wang Yi and Vietnamese Deputy Prime Minister and Foreign Minister Pei Qingshan attended the 25th anniversary of Sino-Vietnamese land boundary demarcation and the 15th anniversary of the signing of the "Three Legal Documents" in Beijing. Wang Yi said in his speech that China and Vietnam are friendly neighbors linked by mountains and rivers. In the long history, they have condensed into the traditional friendship of "deep friendship between China and Vietnam, comrades and brothers", and supported each other and helped each other in promoting the cause of socialist construction. The land border between China and Vietnam is not only a friendly bond between the two countries, but also a bridge for cooperation between the two sides. Twenty-five years ago, under the personal care and guidance of the leaders of the two parties and countries, the two sides insisted on solving the border issue through dialogue and consultation. After nine years of negotiation and consultation, they signed the Sino-Vietnamese Land Border Treaty, which laid a solid foundation for peace, stability and long-term stability in the border areas between the two countries and created favorable conditions for consolidating the traditional friendship between China and Vietnam and deepening the comprehensive strategic partnership between China and Vietnam. Over the past 25 years, with the joint efforts of both sides, the level of border management between China and Vietnam has been continuously improved, cross-border exchanges have become increasingly active, and border-related cooperation has yielded fruitful results. Wang Yi pointed out that we should create a clear and stable border, give full play to the basic and programmatic role of the Sino-Vietnamese land border treaty and the "three legal documents", strengthen the construction of border-related mechanisms such as the Land Border Joint Committee, continue to promote the legalization, systematization and standardization of border management, enhance the efficiency of border governance, and maintain a clear and stable border and a good order in border areas. We should create a border of prosperity and development, constantly improve the layout of port passages, promote the formation of a smart and convenient, compound development and friendly exchange port system, promote the connectivity of cross-border infrastructure such as bridges and roads, and promote regional coordinated development. We should build a friendly border for generations, encourage local exchanges and people-to-people exchanges, carry forward the valuable experience of successfully delineating the land border between China and Vietnam, uphold the spirit of good-neighborliness and frankness, and jointly safeguard peace, stability and development in the region. (Ministry of Foreign Affairs website)Oracle Bone Inscriptions fell by 10%, the biggest drop since December 2023.US Secretary of State Blinken: The Syrian people will decide the future of Syria.


Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.Citigroup: It is estimated that if the exchange rate of the Brazilian real against the US dollar reaches 6.05, Brazil's CPI is expected to rise by 4.8% in 2025.USD/JPY rose 0.5% to 151.97.

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