Trump is reportedly set to ring the bell at the NYSE today. What does it signify?

① According to media reports, the USA's incoming president Trump will go to the NYSE on Thursday to ring the opening bell and deliver a speech; ② There are reports that Trump will be named Time Magazine's Person of the Year for 2024, but this has not yet been confirmed by Time; ③ Since Trump's announcement of victory, the three major US stock indices have risen repeatedly, with the market encouraged by promises of tax cuts and deregulation.

cls.cn20:40 ET

The central parity rate of the RMB against the US dollar is reported at 7.1854, down by 11 points.

On December 12, the middle exchange rate of the RMB against the USD was reported at 7.1854, down 11 points. The CPI in the USA for November recorded the largest increase in seven months, but it is unlikely to prevent the Federal Reserve from lowering interest rates next week. The consumer price index in the USA for November recorded the largest increase in seven months, but against the backdrop of a cooling job market, this is unlikely to prevent the Federal Reserve from lowering rates for the third time next week. Data shows that last month the CPI increased by 0.3% month-on-month, the largest increase since April, following a continuous increase of 0.2% over the previous four months. The year-on-year CPI growth rate increased to 2.7% after rising to 2.6% in October.

Market News20:17 ET

Musk is worth 447 billion US dollars and is the first “400 billion dollar millionaire” of adults

Tesla shares rose 5.9% on Wednesday to close at $424.77, a record high, surpassing the previous record of $409.97 set on November 4, 2021. Since this year, Tesla's stock price has risen cumulatively by about 71%, and has soared by about 69% since Trump won the US election. Driven by this, Tesla CEO Elon Musk's net worth skyrocketed by 62.8 billion US dollars overnight to reach 447 billion US dollars, making him the first superrich person on Earth with a net worth over 400 billion US dollars. Musk's current net worth is higher than Jeff Bezos, who is second on the Bloomberg Billionaires Index

Global market broadcast18:36 ET

The CEO of Bank of America stated that sales and Trade business in the fourth quarter is expected to reach a new high, with Investment Banking business revenue surging.

Bank of America CEO Brian Moynihan said that the quarterly revenue trend of the bank's investment banking business will increase by at least 25% year over year, while sales and trading business are expected to reach new highs. Moynihan said at the Goldman Sachs Financial Services conference on Wednesday that investment banking revenue for the fourth quarter could exceed $1.4 billion as deals “continue to grow.” Analysts had predicted that the investment banking revenue of the second-largest bank in the US would be close to 1.5 billion US dollars, which is equivalent to an increase of about 27%. Meanwhile, Moynihan said the sales and trading business should once again record year-on-year growth, now

Global market broadcast16:09 ET

Wall Street commodity traders' performance this year is expected to be the worst since before the pandemic

As market volatility weakens, the commodity trading business of the world's major investment banks may experience the worst year since before the outbreak of the pandemic. According to data compiled by Coalition Greenwich, the combined net revenue of more than 250 companies, including Goldman Sachs, Citigroup, and J.P. Morgan Chase, will reach 10.6 billion US dollars this year, which is nearly one-fifth less than last year's total revenue. Angad Chhatwal, head of global macro markets at Coalition Greenwich, said, “The trading boom is fading away, and revenue will drop a further 3% in 2025.” Chinese flag, tall

Global market broadcastDec 11 10:51 ET

Market Climbs on CPI Inflation and Likelihood of Rate Cuts | Livestock

Kevin TraversDec 11 10:47 ET