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Industrial Bank of China Declares Interim Dividend
China Merchants Port Issues 2 Billion Yuan in 180-Day Debts
After Trump's nomination of the Treasury Secretary, interest rates on Indian government bonds followed the downward trend of US bond rates.
On Monday, the yield on Indian government bonds fell, following the decline in US Treasury yields. After USA President-elect Trump nominated Scott Besent as US Treasury Secretary, the yield on 10-year US Treasury bonds fell by 6 basis points, currently down nearly 16 basis points from the recent peak. Besent, a fund manager considered to be a fiscal conservative, is expected to control the deficit. In a report, France's Industrial Bank stated: "He is a well-known market participant with extensive market experience, which means investors will trust him greatly." A bond trader from a bank mentioned that the market is gradually discussing the extent of future interest rate cuts in India.
Overnight news: usa stocks show mixed results, nvidia's revenue nearly doubled year-on-year, Q4 guidance failed to impress Wall Street, and the import volume at the busiest ports in usa continues to rise significantly.
For more global financial news, please visit the 24-hour real-time financial news market closing: Dow Jones up 140 points, S&P flat, market focuses on Nvidia's financial report. Top 20 US stock turnover on November 20: Bitcoin concept stock MicroStrategy's market cap exceeds 100 billion US dollars. China concept stocks on Wednesday had mixed performances, Full Truck Alliance up 15%, Wunong Zhixing down 8.2%. US WTI crude oil fell 0.75% on Wednesday, New York futures gold rose 0.8%, back above $2650. Major European stock indices collectively fell, with the German DAX30 index down 0.26%. Nvidia's revenue increased by 94% year-on-year.
Overseas Headlines: Trump Team Considering Establishing Cryptocurrency Position in the White House, nvidia's revenue increased by 94% year-on-year, Ford to cut 4,000 jobs in europe by the end of 2027.
The main headline news that global financial media focused on last night and this morning includes: Trump's team is considering creating a new position in the White House responsible for crypto policy. According to informed sources, the team of elected usa president Trump is discussing with the digital assets industry whether to create a new position specifically for crypto policy in the White House. Informed sources said that Trump's team is currently reviewing potential candidates. If implemented, this would be the first position ever in the White House responsible for crypto, highlighting the influence of this emerging industry on the new government. Informed sources also mentioned that it is not yet clear whether a senior position in the White House will be established or a slightly lower one.
French industrial bank strategist: By 2025, the overall risk appetite of the global stock market will increase.
Strategists at industrial bank in France have indicated that in the coming year, global stock markets will generally see an increase in risk appetite, driven by factors including new policies in the usa, the unwinding of yen arbitrage trades, and the end of Germany's "debt brake" rule. The team of strategists led by Alain Bokobza expects the use of industrial policy to rise, which is a key component of the global trade war. It is anticipated that the usa will pressure its allies to increase investments in their national defense spending, while emerging markets may be disproportionately affected by clear repatriation strategies. Considering the already high valuations and lower stock risk premiums, the weight of usa stocks is to be slightly increased.
RHB Raises Target Price for Gamuda Amid Upbeat Prospects on Data Centre MarketNo Data
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