Market News on December 12

Today is December 12, as we await the big meeting between the CPI and the Federal Reserve. US stocks continued to rise in surprise, once again hitting a new high of at least 20 months. Meta fell more than 2%; the chip stock index rose more than 3%, leading the market increase; Broadcom rose 9%, while Nvidia fell nearly 2%; and Macy's, which allegedly received a premium takeover offer, rose 19%. German stock indexes hit record highs in a row. In terms of US stocks, the Dow rose 0.43%, the S&P 500 index rose 0.39%, and the NASDAQ rose 0.2%.

After a major sale of ten-year US bonds, US bond yields hit a new one-week high during the same period, then retreated most of the gains, and the two-year US Treasury yield, which hit a new high in nearly two weeks, declined. Crude oil has rebounded over the past few days and continues to break away from a five-month low. US natural gas fell nearly 6%, hitting a new low in the second half of the year. Gold fell more than 1%, and futures fell below $2,000.

According to reports, the Bank of Japan will not end its negative interest rate policy in December, causing the yen to fall in the short term. Bank of Japan officials believe that since wage growth sufficient to support sustainable inflation has not yet occurred, they will not rush to abolish the negative interest rate policy. Market expectations for the Bank of Japan may once again fall short.

In terms of the Chinese market, during the US stock market, the China Securities Index ended two consecutive declines. Xiaopeng Motor rose nearly 5%, while JD fell by more than 3%; the offshore renminbi fell to 7.20 in the intraday period, a drop of more than 100 points, breaking a new three-week low. The volume of central enterprise technology ETFs increased, the GEM market rose by more than 1%, and the Hong Kong stock market, Li Ning, plummeted by more than 14%. A number of major stock index adjustments on the Shanghai, Shenzhen, and Beijing exchanges came into effect on Monday. In terms of A-shares, the Shanghai Index closed at 2991.44 points, an increase of 0.74%. The Shenzhen Index closed at 9632.61 points, an increase of 0.82%. The GEM Index reported 1915.74 points, an increase of 1.25%.

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