Mackler M, Governor of the Bank of Canada: (Regarding the potential tariff policy) We can't make policies based on what may happen. If the (US) tariffs are implemented as promised, it will cause serious damage to the Canadian economy.Global Times editorial: China is still the main engine of global trade growth. Statistics recently released by official website of the General Administration of Customs show that the total import and export value of China's goods trade in the first 11 months of this year was 39.79 trillion yuan, up 4.9% year-on-year. Among them, exports reached 23.04 trillion yuan, up 6.7%; Imports reached 16.75 trillion yuan, up 2.4%. This is a further development of China's position as the world's largest country in goods trade for seven consecutive years, and its export accounts for 14.2% of the world's total in 2023, which means that the position of China manufacturing with high "cost performance" in the international production and supply chain continues to increase. The publication of this foreign trade "report card" once again shows the strong resilience and vitality of China's economy. (Global Times)On Wednesday (December 11th), the overnight reverse repurchase agreements (RRP) of the Federal Reserve was 180.120 billion US dollars, compared with 174.842 billion US dollars in the last trading daily.
South Korea's tourism industry has been hit. The mayor of Seoul promised to ensure the safety of tourists. Recently, South Korea's tourism industry has also been hit by the emergency martial law storm, and many hotels and travel agencies have been unsubscribed. Seoul Mayor SE HUN promised to take measures to ensure the safety of tourists on the 11th. The South Korean media reported that although the emergency martial law issued by South Korean President Yin Xiyue lasted only a few hours, the negative impact of this incident on South Korea's tourism industry has already appeared. For security reasons, many tourists canceled the reservations of hotels and travel agencies. In view of the above situation, SE HUN said that the Seoul municipal government will launch a series of measures to create a "safe Seoul" image to attract foreign tourists, and at the same time increase support for the tourism industry to prevent related enterprises from closing down. (CCTV)US Treasury Secretary Yellen: Worried about the fiscal outlook, the deficit needs to be reduced. President Biden's proposal to cut the deficit by an additional $3 trillion is necessary. Disappointed that Congress failed to take measures to deal with the budget deficit.The US Treasury auctioned four-month treasury bonds, and the winning bid rate was 4.240% (4.315% on December 4th), and the bid multiple was 2.83 (3.10 in the previous auction).
Six people were killed in mine explosions in many places in Syria. According to the news released by Syrian Human Rights Watch on the evening of 11th local time, six people were killed in mine explosions in Deir ez-Zor, Mambiji and Aleppo in Syria that day. (CCTV)WTI crude oil rose by 2.0% in the day, above the psychological mark of $70/barrel.Shanghai Tin closed up nearly 1%, international copper closed up 0.09%, Shanghai Copper closed down 0.11%, Shanghai Aluminum closed up 0.10%, Shanghai Zinc closed down 0.19%, Shanghai Lead closed down 0.57%, Shanghai Nickel closed up 0.53% and Shanghai Tin closed up 0.99%. Alumina closed up 0.60% at night. Stainless steel night plate closed up 0.54%.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14