CPOPC: The price of palm oil is expected to fluctuate in the range of RM 4,000-5,000 in 2025. It is reported that the Council of Palm Oil Producers (CPOPC) predicts that the price of palm oil may fluctuate in the range of RM 4,000-5,000 per ton in 2025, driven by the stagnant production in major markets, especially Indonesia and Malaysia. Deputy Secretary-General CPOPC pointed out that the current price level around RM5,000 per ton may be temporary, mainly affected by the continuous floods in Malaysia, which boosted the bullish sentiment in the market. Due to the aging plantations, unpredictable weather and limited expansion to new plantations, it is expected that the cessation of production will tighten global supply and further push up prices.After the publication of CPI in the United States, the probability that the Fed will cut interest rates by 25 basis points in December has almost been fully priced. According to CME's "Fed Observation", the probability that the Fed will keep the current interest rate unchanged by December is 2.3%, and the cumulative probability of cutting interest rates by 25 basis points is 97.7%. The probability of keeping the current interest rate unchanged by January next year is 1.7%, the probability of cutting interest rates by 25 basis points is 71.2%, and the probability of cutting interest rates by 50 basis points is 27.1%.The personal pension fund will be expanded to broad-based index products, and the personal pension pilot will be fully liberalized in the near future, expanding from the original 36 pilot cities to the whole country. At the same time, personal pension fund products are also expanding, and some mature broad-based ETF-linked funds and broad-based index OTC products will add Y shares. It is reported that the investable products included in personal pension may include over-the-counter products tracking nearly 20 broad-based indexes such as Shanghai and Shenzhen 300 Index, CSI 500 Index, CSI 800 Index, GEM Index and Kechuang 50 Index. (21 Finance)
US officials said that the United States is focused on providing Ukraine with the air defense system it needs to defend against Russian missiles and drones.From January to November, the oil and gas production of SOCAR Company in Azerbaijan decreased year-on-year.Song Zhexie, Samsung Semiconductor: I feel the great potential of the semiconductor market in China and I am very willing to grow with China customers. At the Shanghai IC Industry Development Forum 2024 held today, Song Zhe Xie, general manager of Samsung Semiconductor Foundry Greater China, said that the semiconductor industry in China is not only growing in scale, but also improving the development quality of the whole industry from the product upgrading and process evolution of Samsung semiconductor customers. The development of new quality productivity is helping the semiconductor market in China to flourish. In the cooperation with customers in China, I feel the great potential of the semiconductor market in China, and I am very willing to grow with customers in China, and provide diversified solutions to meet the needs of customers in China to enhance the competitiveness of products.
The first super-kilometer tunnel in the Kangyu section of the Xi 'an-Chongqing high-speed railway runs through, and the construction of the Xi 'an-Chongqing high-speed railway (referred to as "Xi 'an-Chongqing high-speed railway") will spread new news. On December 10th, it was learned from Tiexikun Company of Beijing-Kunming High-speed Railway that after 620 days of construction, Wangjiabang Tunnel of Xiyu High-speed Railway in Qianfeng District of Guang 'an City was completed, four months ahead of the design period. This is the first tunnel of more than 1,000 meters in the Kangyu section of the Xi-Yu high-speed railway, marking another breakthrough in the construction of the Xi-Yu high-speed railway.Jinfei Kaida: The controlling shareholder plans to increase the company's shares by 50 million yuan to 100 million yuan. Jinfei Kaida announced that the controlling shareholder Jinfei Holdings plans to increase the company's shares by 50 million yuan to 100 million yuan. Jinhua Branch of China Construction Bank Co., Ltd. issued the "China Construction Bank Loan Commitment Letter" to Jinfei Holdings on December 10th, promising to provide Jinfei Holdings with a special loan of no more than 90 million yuan for stock increase, with a loan period of 3 years.The probability of the Bank of Japan raising interest rates this month doesn't seem to increase the strength of the US/Japan again. Justin Low, an analyst at Forexlive, a financial website, said that the possibility of the Bank of Japan raising interest rates this month was very low from the beginning, and earlier today, the ratio was about 30%. There has just been a sudden report that some policy makers of the Bank of Japan may support raising interest rates in December, but they also think it is unnecessary to rush because they think the cost of waiting for raising interest rates is "very small". After this news, the possibility of the Bank of Japan raising interest rates further dropped to about 23%. This, in turn, led to buying against the yen, while the yen fell. In the initial reaction, USD/JPY once fell to a low of 150.99, but then rose to around 152.30.
Strategy guide 12-14
Strategy guide
12-14
Strategy guide