Market News: The daily active users of cryptocurrency reached a record high of 18.7 million in December, a significant increase compared with 7.7 million at the beginning of 2024.Morgan stanley capital international's MSCI Nordic Countries Index fell 1.4%, the worst one-day performance since November 15th, to 376.43 points, with a cumulative decline of more than 2.27% this week. Novo Nordisk closed down 3.9%, the worst performance among the constituent stocks.Economists predict that the Fed will only cut interest rates three times next year. Economists surveyed by Bloomberg expect that the Fed will cut interest rates for the third time in a row this month, and lower the expected number of interest rate cuts next year. The market expects Federal Reserve Chairman Powell and his colleagues to cut interest rates by 25 basis points next week. If the expectation is true, it means that interest rates have been lowered by 1 percentage point since September. Next year's interest rate cut will slow down faster than officials expected three months ago. Most economists predict that interest rates will be cut only three times in 2025 because of the small progress in fighting inflation.
Brazilian President Lula: He will return to work soon after a good recovery from surgery. Brazilian President Lula posted a video on social media for the first time after undergoing head surgery. Lula said that he has been able to walk around the hospital, and this week's surgery has recovered very well. Lula said that he would be "ready to go home soon and continue to work".American natural gas futures fell more than 5% and are now reported at $3.277 per million British heat.Brazil's central bank will provide at least $1 billion in spot dollar auctions. The decline of the Brazilian real against the US dollar narrowed.
Italian President Mattarella accepted an exclusive interview with the reception desk in Beijing. Visiting China again after seven years, he said that China's development is changing with each passing day and has made great progress in many aspects. Opposing war and confrontation, he believes that the development of the world needs mutual respect and appreciation from all countries. Talking about the relations between the two countries, he said that Italy attaches great importance to this, and mutual understanding and trust are the cornerstones of Italian-Chinese friendship. (CCTV International News)Goldman Sachs: Preliminary data from EPFR show that the allocation of global mutual funds to China stocks declined in November. On the asset-weighted basis, active mutual funds still underallocate China stocks by 290 basis points. This week, China stock funds ushered in a strong inflow of $5.6 billion, breaking the previous trend of outflow for seven consecutive weeks.Germany, France, Britain and other foreign ministers issued statements in support of Ukraine's accession to NATO, and European foreign ministers and European Union High Representative for Foreign Affairs and Security Policy Karl á s issued a joint statement in Berlin, Germany on the 12th, expressing support for increasing military, economic and financial assistance to Ukraine and continuing to support Ukraine's accession to NATO and the European Union. According to German media reports, the meeting was convened by German Foreign Minister Berber and attended by foreign ministers from France, Britain, Italy, Spain and Poland. The purpose of the meeting is to discuss how the United States should respond if it reduces its aid to Ukraine. The German Foreign Ministry said on its official website that many foreign ministers said at the meeting that Europe would mobilize more resources to help Ukraine and commit itself to providing unbreakable security guarantees to Ukraine, including providing reliable and long-term military and financial support.