Today is Monday, December 25, the last week of 2023 is approaching, and Western countries are in vacation mode. Due to the Christmas holiday, the U.S. stock market will be closed for one day on December 25;Many European countries** such as the United Kingdom, France and Germany will also be closed.
Market Overview].International oil prices
As the market feared that Angola may increase production further after announcing its withdrawal from OPEC, the international ** fell slightly. WTI** struggled near $75 before taking a sharp dive during the U.S. session to close down 07% at 73$93 barrel;Brent** still failed to hold above the $80 mark and ended down 06% at 78$87 barrel.
International Metals
On December 22, Eastern time, the most actively traded February 2024 ** futures price on the New York Mercantile Exchange*** market was **17$8 and closed at $2,069 an ounce1 US dollar, an increase of 087%。LME copper closed down $22 at $8,574 a tonne. LME aluminum closed up $82, or 365% at $2,326 tons. LME zinc closed up $54 at $2,601 tonnes. LME lead closed down $3 at $2,063 tonnes. LME nickel closed down $379 at $16,509 a tonne. LME tin futures closed down $287 at $24,866 tonnes. Domestic**On December 22, domestic commodities closed up in a large area, with a daily limit of 15% for the European line, an increase of 15% for alumina, an increase of 7% for caustic soda and glass, coke, soda ash, lithium carbonate, iron ore and iron ore for more than 3%, coking coal, jujubes and methanol for more than 2%, hot coil, rebar, cotton and staple fiber for more than 1%, and urea for more than 1%.
International agricultural products
Chicago Stock Exchange corn, wheat and soybean futures on the 22nd. On the day, the most actively traded March 2024 contract on the Chicago ** exchange corn market closed at 4 per bushel$73, which is 05 cents, an increase of 011%；The March 2024 wheat contract closed at 6 per bushel$1,625, compared to the previous trading day**375 cents, up 061%；The March 2024 soybean contract closed at 13 per bushel$0625, compared to the previous trading day**45 cents, an increase of 035%。
U.S. refers to U.S. bondsOn Friday, the U.S. dollar index retreated during the European session and fell as low as 10142 intraday lows, but recovered some of the losses during the U.S. session and finally closed down 008% to 10170。The yield on the 10-year Treasury note fell first and then rose, and regained 3 during the U.S. session9% mark, and finally closed at 3901%；The two-year Treasury yield, which is more sensitive to the Fed's policy rate, closed at 4329%。
Other** overview
International news] 1. The core PCE price index in the United States recorded an annual rate of 3 in November2%, the smallest increase since April 2021;The headline PCE price index recorded a monthly rate of -01%, the first time since April 2020**;The overall PCE price index came in at 26%, the smallest increase since February 2021;The one-year inflation rate in the United States is expected to be 31%, the lowest level since March 2021.
2. The Israel Defense Forces (IDF) claim to have almost complete control over the northern Gaza Strip.
3. According to Wall Street**, Iran assisted the Houthi rebels in attacking ships in the Red Sea, which Iran denies. British media said that the United States deployed "the largest military force in recent decades" in the Red Sea.
4. A commander of Iran's Islamic Revolutionary Guard Corps said that if the United States and its allies continue to commit crimes in the Gaza Strip, it could prompt the emergence of new resistance forces. He said that "the Mediterranean, the Strait of Gibraltar and other waterways" could be closed.
5. Russia plans to reduce oil exports from its ports by 100,000 to 200,000 barrels per day in January next year, the sources said.
6. Russian media: From February next year, Russia will increase the transit fee paid to Belarus by 10 when transporting oil to Europe through the southern branch of the Druzhba oil pipeline2%。
7. Biden signed and approved the U.S. defense budget for fiscal year 2024. According to the budget, the United States will allocate $886 billion in fiscal year 2024 for various types of military spending, an increase of nearly $30 billion from the previous fiscal year, which is the highest amount in history. According to this budget, $800 million of this will be provided to Ukraine.
8. The United States and Mexico will reopen two railway bridges, and the two countries will discuss the issue of illegal immigration.
9. Market news: Japan plans to reduce bond sales by 10% in the next fiscal year.
10. Japan's National Institute of Social Security and Population Issues: Japan's population is expected to decrease nationwide in 2050, with an increase in Tokyo alone.
11. Maersk: Confirmed that the joint escort operation has been deployed and is ready to resume shipping in the Red Sea.
12. Japan's Tokyo Electric Power Company: The fourth round of nuclear contaminated water discharge will be carried out in February next year.
13. Sources are optimistic that the SEC will approve a Bitcoin spot ETF in early 2024.
14. Musk ranks first on the list of billionaires with the most wealth growth in 2023, with a wealth increase of 770 billion in a year.
Milestones & Figures].
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