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Turkish President Erdogan: We have reached a joint memorandum with Ethiopia and Somalia.The settlement price of international crude oil rose by over 2%. As of the close of the day, the futures price of light crude oil delivered in January 2025 in the New York Mercantile Exchange rose by 1.70 US dollars to close at 70.29 US dollars per barrel, an increase of 2.48%; London Brent crude oil futures for delivery in February 2025 rose by $1.33 to close at $73.52 per barrel, an increase of 1.84%.Inflation data released the Fed's interest rate cut in December, but it lit up a yellow light for next year. The latest inflation data may make the Fed more cautious about the pace of interest rate cut, but not now. The latest report shows that inflation in the United States in November was in line with expectations, so investors still generally expect the Federal Reserve to cut interest rates by 25 basis points next week. However, stubborn price pressure also confirms the concern that the progress towards the Fed's 2% target may stagnate. This concern may prompt officials to be more restrained in predicting the number of interest rate cuts in 2025, while waiting for more evidence that inflation will steadily reach the target. Fed policymakers will release new forecasts and interest rate outlook at the end of the policy meeting in Washington on December 17-18. "I think they can safely cut interest rates by 25 basis points in December. The market is ready for this, "said Loretta Mester, former president of Cleveland Federal Reserve Bank. "However, they must reconsider next year, because now it seems that the progress of inflation has really stagnated."

Aiming at the low-interest inclusive credit intermediary packaging, I recently visited a number of loan intermediaries and found that these companies are very similar in business layout and office space. The bank logo on the wall is standard, and the daily performance information of loan managers is scrolled on the electronic screen hanging at the entrance. Observing the screen, it is not difficult to find that the Pratt & Whitney mortgage loan for small and micro enterprises is the main product of loan managers in the near future. Customizing shell companies for borrowers according to bank audit requirements to apply for mortgage loans has become a routine means for loan intermediaries to attract customers. Although many banks explicitly require that cooperation with loan intermediaries is not allowed, the attitude of bank branches and grassroots employees towards loan intermediaries is ambiguous. According to industry insiders, inclusive loans are special loans that benefit small and micro enterprises, farmers and other special groups and must be implemented. With the implementation of the financing coordination mechanism for small and micro enterprises, banks and enterprises are expected to achieve accurate docking, so that credit resources can flow to small and micro enterprises with real financing needs. (CSI)US stocks closed: Nasdaq stood at 20,000 points for the first time in history, and star technology stocks such as Google and Tesla hit record highs. US stocks closed mixed, with the Dow down 0.22%, the S&P 500 index up 0.82% and the Nasdaq up 1.77%, breaking through 20,000 points for the first time and hitting a new record high. Star technology stocks are climbing, with Tesla, Google, Amazon, Meta and Netflix all hitting record highs. Among them, Tesla and Google rose by nearly 6%, while Amazon, Meta and Nai soared by more than 2%. Bitcoin regained its position of $100,000, and cryptocurrency concept stocks soared collectively. MicroStrategy rose by more than 9%, Riot Platforms rose by more than 6%, and Bit Digital and Coinbase rose by nearly 4%. Gold and silver mining stocks generally rose, Cordillen Mining rose more than 5%, Pan American Silver rose more than 3%, and harmony Gold and Hekela Mining rose nearly 3%.Coinbase: please note that some users may encounter higher transmission failure rate and delayed reception of BTC, LTC, ZCASH, BCH and DASH than usual.

Punto Casa de Bolsa upgraded AMD to Buy with a target price of $170.22.Morgan Stanley upgraded Dahua's rating to parity, with a target price of RMB in 19 yuan. Andy Meng, an analyst at Morgan Stanley, had a low rating. The target price is 19 yuan RMB, which is up by 12%.Russian Presidential Press Secretary: Russia supports the exchange of prisoners of war between Russia and Ukraine proposed by Hungarian Prime Minister. On December 12, local time, Russian Presidential Press Secretary peskov said that Hungarian Prime Minister Orban proposed the exchange of prisoners of war between the two sides and a ceasefire during the New Year holiday on the 11th. The Russian side has submitted the Russian proposal for prisoner exchange to the Hungarian Embassy in Russia. Judging from Zelensky's reaction, the Ukrainian side rejected all Orban's proposals. Peskov emphasized that Russia supports Orban's proposal and the settlement of humanitarian issues related to the exchange of prisoners of war. (CCTV News)