Market News: The European Central Bank is prepared to cut interest rates by 25 basis points at the next two meetings.The U.S. Senate has obtained enough votes to confirm Biden's nominee, Marzano, as a member of the Nuclear Regulatory Commission.Stenn Technologies, a financial technology loan company, has collapsed and most of its employees will lose their jobs. In early December, HSBC Holdings pushed the troubled trade finance company into bankruptcy.
Daiwa Securities SMBC Co., Ltd. downgraded Xinao Energy to Hold with a target price of HK$ 56.Uruguay's GDP in the third quarter increased by 4.1% year on year.Fitch: The global protein market is neutral in 2025, which reflects that global consumption remains stable as consumer demand shifts to lower-priced chicken and pork. It is predicted that the stable grain cost will support the processing profit and benefit the global protein companies in 2025.
Canada is considering imposing tariffs on key resources exported by the United States, calling this a "last resort". It is reported that Canada is currently studying the imposition of export taxes on its main commodities exported to the United States, including uranium, oil and potash fertilizer. According to officials familiar with the internal discussions in the Canadian government, export tariffs will be Canada's last resort (if US President-elect Trump fulfills his promise to impose extensive tariffs). Retaliatory tariffs on American-made goods and export controls on some Canadian products will be more likely to be introduced first. But these officials said that if Trump decides to launch a full-scale trade war, Canada's export tax on goods is a practical choice. The Trudeau government may also propose to expand the power of export control.New york Fed: Michelle Neal, head of the marketing department, resigned from the bank and will leave on March 25th, 2025.U.S. policy outlook is uncertain. Lagarde lamented that the EU would "ask for it" for political uncertainty. European Central Bank President Lagarde said that the monetary policy decision of policymakers on Thursday was shrouded in the turbulent political situation in Europe. Although Lagarde did not directly mention the collapse of the French and German governments in recent weeks, she pointed out that it is not conducive to the central bank's decision-making to keep the fiscal plan and election results in suspense. At present, policymakers are still paying attention to the impact of Donald Trump's return to power. "We hope that many things will become clear in the coming months," Lagarde told reporters. "If we have discussed anything in the past two days, it is the uncertainty we are facing, whether it is the political situation from some member States or the US policy."