CFO of Goldman Sachs: Deregulation by the US government will promote more business activities within the company.The Nasdaq index just broke through the 19900.00 mark, and the latest report was 19900.89, up 1.09% in the day.After the announcement of the Bank of Canada's interest rate decision, USD/CAD fell 50 points to 1.4140.
CEO of ExxonMobil: Our next generation graphite will shorten the charging time and increase the cruising range of electric vehicles by 30%.The China Securities Association held two meetings: to promote the standardized development of the regional equity market and actively promote the transformation of wealth management in the industry. According to the news released by the China Securities Association on December 11th, the meeting of the chairman and all members of the regional equity market professional committee of the China Securities Association was held a few days ago. The meeting introduced the work of the Committee in 2024, discussed the focus of the next stage, and exchanged experiences on specific issues such as research exchange and blockchain construction. Members attending the meeting unanimously stated that they will do a good job in the cultivation and standardized management of the capital market, actively guard against business risks, and promote the standardized and healthy development of the regional equity market.Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. The United States may impose new tariffs on Canadian products exported to the United States, increasing uncertainty and casting a shadow over the economic prospects. Consumer spending and household activities both picked up in the third quarter, indicating that lower interest rates began to boost household spending. The growth in the fourth quarter may be weaker than the 2% annualized level expected by the central bank, and the average inflation rate is expected to be close to 2% in the next few years.
The Bank of Canada's statement no longer mentions that it is reasonable to expect further interest rate cuts if the economic development is consistent with the forecast. The need for further interest rate cuts will be assessed and a decision will be made one by one.The Nasdaq 100 index rose to 1.2%, and the S&P 500 index rose 0.6%.Bank of Canada Governor Mackler M: Monetary policy no longer needs to remain tight. The job market is still weakening. Officials will adopt a more "gradual" interest rate policy.